Blog | Canidium

Why Now Is the Time to Prioritize Pricing Software Despite Uncertainty Around Tariffs

Written by Chris Keenan | Apr 23, 2025 4:12:25 PM

Ninety (90) days! That's how long businesses may have to get ready for significant global tariffs, resulting in more work on pricing changes than has ever been seen by those reading this today. As businesses navigate the turbulent waters of global trade, one constant remains: uncertainty. With the back-and-forth nature of tariff negotiations and fluctuating economic forecasts, many companies are struggling to know how—or when—to act. In these conditions, the intuitive move may be to delay investments until the dust settles.

However, when it comes to pricing strategy, hesitation can be costly. Today's market dynamics demand speed, agility, and responsiveness. Businesses need pricing procedures and systems that allow them to adapt in real-time, not ones that tie them to time-consuming spreadsheets or manual workflows. Whether tariffs that impact your organization are already in place, or slotted to take effect in months, or not at all, those who prepare now will be in a far stronger position to weather the storm and capitalize on opportunity.

 

1. Tariff Volatility Isn't a Passing Phase

Over the past few months, tariff regulations have swung widely—from sweeping enforcements to unexpected rollbacks. For businesses that rely on predictable supply chain costs and long-term planning, this kind of volatility creates major strategic headaches. Companies importing raw materials or exporting finished goods are particularly vulnerable, as even a small percentage change in tariffs can disrupt margins.

But the bigger issue is that many companies are treating tariff changes as temporary anomalies. They're not. Volatility itself is now a structural feature of the global economy. Consider the tech and electronics industries, where components are sourced across multiple countries. A change in trade policy with one region can trigger a cascade of price adjustments, delays, and contract renegotiations.

Waiting for stability may seem prudent, but inaction effectively leaves companies frozen. The firms that will succeed in the coming years are those that accept uncertainty as the norm—and build flexible, dynamic pricing systems to respond to it.

 

2. "The Cost of Doing Nothing" Is Real

When faced with uncertainty, it's natural to put big decisions on hold. But the status quo can be deceptively expensive. Every day spent without a modern pricing solution is a day where manual processes slow your teams down, where errors creep into spreadsheets, and where margin leaks go undetected.

Consider a manufacturer that still updates customer pricing manually when tariffs change. For each product line and contract, staff must recalculate costs, enter updates into multiple systems, and verify compliance—all while managing internal approvals. This isn't just inefficient; it's unsustainable. And when major changes hit—like a sudden tariff hike—those same teams scramble to update everything in a compressed timeframe, leading to costly mistakes and missed deadlines.  The gap in the time it takes between the new costs and your company's ability to update prices or renegotiate contracts is a real cost to your organization.  Each week may mean millions of dollars of lost margin, never to be recaptured and certainly not in this fiscal year.

Investing in pricing software may seem like a big lift, but the alternative is a mountain of hidden costs: delayed price updates, inconsistent margin recovery, and overburdened sales, finance, and pricing teams. In a volatile market, hope is not a strategy, and doing nothing is often the riskiest move of all.

 

3. "Thank Goodness We Went Live When We Did"

Organizations that have already invested in pricing technology are breathing a sigh of relief. One leader in the electronics distribution space summed it up perfectly: "Thank goodness we implemented our pricing software when we did—because we wouldn't be able to keep up with the workload now if we hadn't gone live earlier this year."

This sentiment is echoed across industries. In both the food & agriculture and the chemical sector, where pricing is tied to fluctuating commodity costs, early adopters of pricing software have been able to respond to cost changes almost instantly—generating updated customer quotes in hours, not weeks. Meanwhile, their competitors are stuck in reactive mode, revising deals manually and struggling to explain inconsistencies to customers.

Having the right tools in place ahead of a disruptive event can make all the difference. It's not just about efficiency; it's about resilience. When pricing software is integrated with ERP and CRM systems, companies can rapidly assess impact, simulate different scenarios, and implement changes with confidence. Those without it are left behind.

 

4. Speed Is Key: Implementation Doesn't Need to Take a Year

One of the most common misconceptions about pricing software is that implementation has to be long and painful. While it's true that some enterprise-wide deployments can take 6–12 months, today's urgency demands a more nimble approach. You don't need a year to get started; you need a focused use case, a committed team, and an agile approach to project delivery—where you get the most critical features and needs addressed first.

Think of it like triage. What part of your pricing operation is most vulnerable to disruption from tariffs? That's your starting point. Maybe it's your customer price list updates, maybe it's supplier pass-through costs, or maybe it's cost visibility on on quotes and contracts. Tackling one of those areas in a 90-day sprint can deliver major ROI and set the stage for broader transformation.

Successful companies are breaking down pricing implementation into quick wins. This kind of focused, fast-track implementation isn't the exception—it's becoming the norm.

 

5. A Smarter Way to Act

When economic conditions are uncertain, it's understandable to be cautious about large capital expenditures and OpEx commitments. But pricing software doesn't have to be an all-or-nothing decision. In fact, one of the smartest approaches is to start with a narrow, high-impact initiative that delivers value quickly.

For example, instead of replacing your entire pricing infrastructure, you might start by automating how your team responds to cost changes from suppliers. Or by rolling out pricing guidance for just one region or product category. These are tangible projects that improve performance, free up bandwidth, and help you prove the case for broader investment.

This approach doesn't just minimize risk, it builds momentum. Teams learn the software, refine their processes, and start thinking more strategically about pricing. And when it's time to expand, you're not starting from scratch; you're building on a solid foundation.

Being smart doesn't mean being slow. It means identifying the right problems to solve, aligning stakeholders around achievable goals, and executing with precision. That's how you turn uncertainty into opportunity.

 

6. We're Here to Help: Free Consultation Available

We understand how complex and fast-moving today's pricing challenges are. That's why we're offering free consultations for businesses looking to assess their readiness and plan a response.

During these sessions, we'll walk through your current pricing processes, identify areas of risk and opportunity, and help you evaluate where software could make the biggest impact. Whether you're just beginning to explore pricing transformation or looking to optimize an existing system, we're here to guide you.

Reach out to our team for a free consultation. There's no pressure to commit. Just a chance to talk through your options with people who understand what you're up against—and how to get ahead of it.

 

Leading With Education

We believe pricing software is about more than technology; it's about enabling better decisions in difficult times. That's why our goal isn't just to sell a product but to educate and empower.

Whether you ultimately invest in a solution or not, we want you to walk away with expert insights into the challenges and opportunities that come with pricing in today's climate. The companies that lead through disruption aren't the ones with the flashiest tech; they're the ones who invest in the knowledge and systems that help them act with clarity and confidence.

The future will always be unpredictable. But your pricing strategy doesn't have to be.