Lone Star has launched TruPredict™, a price-to-win software designed to build and analyze competitive pricing. The solution allows users to win federal contracts in a fraction of the time compared to traditional solutions.
“Many pricing processes being used today are convoluted. They require awkward spreadsheets, while they skip advanced strategic value pricing,” said Steve Roemerman, CEO and chairman, Lone Star Analysis. “TruPredict streamlines bidding and captures strategic insights, helping users achieve more wins.”
Understanding the need for a powerful competitive differentiation solution, Lone Star created TruPredict to be accessible with a standard methodology for everyone involved in the pricing process. Using a combination of existing data points and variables of uncertainty, TruPredict runs a series of “what-if” scenarios to determine the best value and price for bidding.
TruPredict simulates competitive scenarios in seconds. It significantly reduces the time to test bid strategy including “what-if” assessments of competitors’ moves. It accelerates the pricing and bidding process providing decision makers more time to think and strategize. Users have the ability to update simulation conditions and desired bidding price in real time. Using reliable and accurate data, TruPredict enables companies to win more contracts and maximize profitability.
The application incorporates an easy-to-use interface and help function, allowing those with limited competitive pricing experience to familiarize themselves with the software.