Vendavo Profit Summit Closes with Record Engagement, Launches New Level of Customer Interaction

Profit and Margin Optimization Leader Emphasizes Customer Relationships and Innovation at Industry Flagship Conference

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Feb 19, 2015, 08:00 ET

MOUNTAIN VIEW, Calif., Feb. 19, 2015 /PRNewswire/ -- Vendavo, the leading provider of profit and margin optimization solutions, closed its annual Profit Summit with a record level of engagement at its speaker sessions. Keynote speeches from Chairman of the Board, Petri Oksanen, and President and CEO Patrick D. Quirk kicked off proceedings with an in-depth look into the customer-focused future of the company and the introduction of the company's CXO Visionary Board, which gives executives from Vendavo's customers a continual, cooperative forum to discuss strategies that stimulate the growth of shareholder value.

"Our customers are the cornerstone of our business and I am happy that Profit Summit paves the way for building even better relationships," Quirk said. "I am excited to have heard such wonderful feedback from our attendees about how they enjoyed exchanging best practices and innovative strategies with their Global 2000 peers. With the launch of our CXO Visionary Board, we will continue to engage thought leaders and experts in furthering innovation in margin and profit optimization."

At this year's Profit Summit held in Dallas, Texas, John Foley, former solo lead pilot of the U.S. Navy Blue Angels, headlined the conference's final day with an inspirational speech connecting the ideals of the Blue Angels to business operations. The conference also featured three tracks that offered insights into margin and profit optimization and success stories from Global 2000 leaders about the implementation of Vendavo solutions.

In addition, the event showcased demo booths highlighting full-scale and mobile versions of Vendavo solutions and on-site demonstrations showing how Vendavo products work in collaboration with services and solutions partners, such as SAP, Experis, Holden and the Professional Pricing Society.

Overall, the event was successful in expanding the conversation about profit and margin optimization best practices and pricing processes. Here are a few reactions from attendees:

"Profit Summit has been an eye-opener for me. Hearing all of the amazing experiences from different companies in different industries has helped me start planning for my company's future in pricing," said Ipsita Dikshit, ERP Analyst and Developer from Lennox International.

"I've been to numerous events that cover broad topics and target a wide audience, but Profit Summit is different because it is more focused on pricing processes for B2B companies. I attended multiple sessions that gave me valuable takeaways I plan on taking advantage of in the future," said Robert Clive, Pricing Analyst from Chevron.

"At Profit Summit, everything about the service level and the interaction with our key players was fantastic. I sat in a session with insight into how the top effectiveness delivers 1.5% incremental margin. I'm looking forward to exciting times ahead and a long partnership with Vendavo," said Paul Sheridan, Director of Transformation at Bemis Company.

"The best thing for us at Profit Summit was the experience to be with Patrick and have him hear about our product development ideas and hearing the roadmap for Vendavo now with the new leadership," said Susana Lopez, Global Pricing Systems Senior Manager at Medtronic.

Following the event, the conversation will continue through Vendavo's website, which gives attendees a platform to share their takeaways and spread new insights into profit and margin optimization.

About Vendavo
Vendavo harnesses the power of Big Data to generate actionable insights that enable businesses to sell more profitably. Our price optimization and management solutions help global customers make better data-driven decisions for pricing and sales effectiveness. Using cutting-edge analytics and deep industry expertise, Vendavo boasts the largest number of implementations for B2B enterprises in the industry, having helped more than 300 company divisions dramatically increase revenue, improve profit margins and maximize shareholder value. The Silicon Valley firm has on-premises and software-as-a-service (SaaS) offerings available for different customer needs and requirements. Located across the globe, Vendavo is the solution of choice for Fortune 500 companies in industries such as chemicals, consumer packaged goods, wholesale distribution, energy and utilities, technology, industrial manufacturing, and medical devices and consumables. Learn more at http://www.vendavo.com.

SOURCE Vendavo