Priceloop

Priceloop is an AI-based software that offers a no-code platform for optimizing pricing strategies in the e-commerce and retail industry. According to the vendor, Priceloop caters to enterprises of all sizes, from small businesses to large corporations. It is designed to assist e-commerce managers, pricing managers, retail managers, data analysts, and Amazon private label sellers in making data-driven pricing decisions.

Key Features

Smart: According to the vendor, Priceloop utilizes advanced machine learning to provide insights into pricing strategies. The software continuously learns from data to assist in achieving optimal prices and profit lift.

Fast: The vendor claims that Priceloop streamlines the data import process, allowing users to respond rapidly to changing environments in real-time. The platform aims to offer a swift implementation journey, with customized pricing strategies up and running within days or even hours.

Transparent: Priceloop aims to provide a complete understanding of pricing decisions by offering detailed insights into pricing choices. According to the vendor, the platform provides a breakdown of the factors and data that influence pricing decisions, promoting pricing transparency.

Flexible: Priceloop offers a no-code platform, allowing users to have control over their pricing strategies without requiring advanced programming skills. The software enables users to customize their pricing strategies based on predefined guidelines.

Rule Based Pricing: According to the vendor, Priceloop enables users to establish predefined guidelines that determine price adjustments based on specific triggers and factors. Users have control over pricing parameters, including the ability to schedule price experiments and enable B2B prices.

Machine Learning Based Pricing: Priceloop explores the elasticities of a user's portfolio within provided guardrails to achieve optimal prices and profit lift, as claimed by the vendor. The software continuously learns from data to provide valuable insights and assist in achieving optimal prices.

Competitor Data Extraction: Priceloop leverages cutting-edge technology for data extraction, allowing users to fetch real-time competitor data with ease, according to the vendor. Users can retrieve most data from various e-commerce platforms by simply entering a product URL or GTIN/EAN.

Visualization and Reporting: Priceloop provides custom reports and dashboards for data visualization, enabling users to make informed decisions, as claimed by the vendor. Users can track market competition and build their own unique market position using the platform's standard report.

Data Connection: Priceloop's platform integrates with multiple data sources within the e-commerce ecosystem, allowing users to connect their data in real-time, according to the vendor. The platform layers on top of the current system through a REST API, aiming to shorten time-to-value and accelerate growth.