Pricing Platform
for Retailers
Take your pricing to the next level with time-tested AI solution that:
- Uses advanced multi-ML models for pricing beyond traditional methods
- Assesses impact on business metrics with What-if simulation tool
- Offers transparent pricing, avoiding black-box approach
- Optimizes profitability with dynamic pricing in real-time
Pricing platform that empowers your pricing
Dynamic product assignment
Link products to pricing campaigns on-the-fly based on specific parameters. You can set this pricing campaign goal: rule-based, markdown or promo.
You gain control over the full spectrum of pricing activities, ensuring your strategies align optimally with your business goals for maximum impact
Targeted product relationships
You define linear or hierarchical dependencies between products. Also, you can unite products by different indexes. So, you link product not only to pricing limits but create meaningful cross-dependencies between your items.
You can simultaneously review repriced products, orchestrate pricing campaigns, and synchronize pricing adjustments across related items.
Outperform your competitors with Pricing Platform
Reduce repricing time by 50%
20+ factors beyond elasticity considered in price setting
10B+ transactions were used to train the AI model
KPIs predictions
Benefit from our short-term and mid-term business metrics predictions. You can see how your sales volume, revenue, gross profit and profit margin will look like in 1-12 weeks.
‘What-if’ simulation
Based on specific pricing scenarios, you can see how your bottom line changes. The scenarios come with probability rates so the only thing is left for you is to choose the most optimal.
It provides the flexibility to experiment with different pricing rules, strategies, incorporate business constraints, and fine-tune settings, helping you explore all potential outcomes and make the most informed decisions.
See why Competera is one-of-a kind solution
Price change
Sales change
Other solutions - Elasticity Correlation
Elasticity correlation between price level and sales levels changes
#Reaction
Competera - Deep learning
Multidimensional weighing of all impacting factors and creating contextual dependencies
#Behaviour
Smart segmentation
You can define product roles depending on their elasticity, impact on revenue and profit. This segmentation is dynamic because some products change their roles over time.
Our platform provides tailored recommendations on segmentation strategies that best suit your needs, helping you optimize your product management efficiently
Powerful analytics
Pricing Platform provides you with a detailed price interpretation, influence factors on price recommendations, competitors’ pricing dynamics, KPIs progress on a company/category/brand levels, cross-dependencies as well as dynamic reports.
You`ll get a 360 view of your pricing process and understand all factors behind AI-generated decisions, leaving guesswork behind and showing the apparent reasons behind your performance.
See how AI Pricing Platform performs
AI Pricing over gut feeling
Eliminate guesswork and gain full visibility into your pricing strategies,
understanding the underlying causes and business impact
FAQs
people have regarding the use of Competera.
