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Full-Time

VP – Product Pricing & Strategy

Posted on 7/25/2024

Icertis

Icertis

1,001-5,000 employees

Contract lifecycle management and intelligence solutions

Consulting
Enterprise Software
AI & Machine Learning

Compensation Overview

$260k - $340kAnnually

Expert

Bellevue, WA, USA

Category
Product Management
Product Strategy
Product
Required Skills
Sales
Communications
Marketing
Business Strategy
Requirements
  • 15+ years of experience in Pricing, Consulting, or Corporate Strategy.
  • Broad technical knowledge of pricing and market access in global markets.
  • Strong understanding of SAAS industry pricing strategies and their application to business models and financial objectives.
  • Ability to specify technical and operational requirements for pricing approaches.
  • Strong business case development skills, particularly in reflecting pricing in product adoption and marketing plans.
  • Excellent analytical and modeling skills for detailed marketing planning.
  • Exceptional communication skills.
  • Proven accountability and drive to achieve outcomes.
  • Success in leading new business opportunities and delivering results.
  • Ability to identify and develop solutions to complex problems both strategically and operationally.
  • Self-motivated, curious, and adept at developing logical solutions to new challenges.
  • Bachelor's degree required; MBA highly preferred.
Responsibilities
  • Actively contribute to senior leadership by setting business strategy, promoting growth, and ensuring operational excellence.
  • Establish a pricing strategy for our platform, applications, co-pilots, partnerships, and managed services.
  • Develop pricing strategies for new deals, customer renewals, and negotiation guardrails.
  • Collaborate with multiple business units to execute pricing strategies.
  • Lead an internal consultative team delivering high-quality pricing, market, and customer analysis.
  • Drive insightful pricing approaches by gathering data, conducting tests, and proving hypotheses.
  • Prioritize resource allocation for Product and Sales leadership projects.
  • Help achieve revenue targets through pricing initiatives.
  • Create new business opportunities by identifying and proposing technical and strategic solutions.
  • Define annual price optimization initiatives by analyzing quantitative and qualitative data.
  • Work with product marketing and management to align pricing and packaging with the product roadmap.
  • Develop expertise on competitive pricing practices and trends, monitor changes, and analyze impacts.
  • Influence leadership on product monetization strategies.
  • Lead performance analysis of demand generation channels with marketing teams to optimize fund allocation.
  • Maintain campaign reporting to ensure alignment with marketing plan targets.
  • Provide recommendations on fund re-allocation based on performance.
  • Develop and track the annual marketing plan in conjunction with marketing teams.
  • Use performance data to inform marketing strategies and predict outcomes.

Icertis specializes in contract lifecycle management (CLM), helping businesses manage their contracts more effectively. Its main product is the Contract Intelligence platform, which offers businesses visibility, analysis, and insights into their contracts. This platform operates on Microsoft Azure, ensuring data security while providing a single source of truth for contract information. Icertis stands out from competitors by managing over 10 million contracts across 93 countries and forming strategic partnerships with major companies like Microsoft, SAP, and Salesforce, which enhance its integration capabilities. The goal of Icertis is to improve business performance through advanced automation and comprehensive contract management solutions.

Company Stage

Series F

Total Funding

$826.5M

Headquarters

Bellevue, Washington

Founded

2009

Growth & Insights
Headcount

6 month growth

3%

1 year growth

5%

2 year growth

0%
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Simplify's Take

What believers are saying

  • Winning the 2024 AI Breakthrough Award and being recognized as Microsoft's Defense and Intelligence Partner of the Year highlights Icertis' leadership and innovation in AI-powered contract management.
  • Strategic partnerships with companies like Evisort and BearingPoint enhance Icertis' platform capabilities and implementation expertise, driving further growth and customer value.
  • The addition of experienced executives like Anand Subbaraman and Jay Lee positions Icertis for continued momentum and operational excellence.

What critics are saying

  • The crowded CLM market requires Icertis to continuously innovate to maintain its competitive edge.
  • Integration challenges with new partners and technologies could slow down implementation and affect customer satisfaction.

What makes Icertis unique

  • Icertis leverages advanced AI and deep integrations with major enterprise software like Microsoft, SAP, and Salesforce, setting it apart from competitors.
  • The company's global reach, managing over 10 million contracts worth over $1 trillion in 93 countries, demonstrates its scalability and extensive market penetration.
  • Icertis' focus on transforming contracts into strategic assets through its Contract Intelligence platform provides unique value by driving business performance and compliance.
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