Glew.io, Feedvisor, PROS Smart Price Optimization and Management, and Pricefx.
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Pricefx headquartered in Pfaffenhofen offers dynamic pricing software solutions for ecommerce retailers.
Sku Grid processes large number of product information per day (roughly 50mln items), analyzes that data and afterwards uses it to help its clients stay competitive in their respected marketplace, as well as having their price and stock information always up to date.Sku Grid works…
SellerActive is an eCommerce platform with features such as multichannel management and customized, dynamic pricing.
xSellco's Repricer reacts to changes ecommerce competitors make in 90 seconds, so when competitors reprice or go out of stock, the software reacts immediately to get the user in the buy box.
Inoptimizer is pricing automation and optimization for ecommerce from Intelligence Node in Mumbai.
Price2Spy is an online price monitoring, pricing analytics, and repricing tool developed by WEBCentric d.o.o. (a software development company), for eCommerce professionals. The tool launched back in 2011 and, according to the vendor, is currently used by more than 680 companies of…
BlackCurve headquartered in London offers pricing optimization for ecommerce listings.
Omnia Retail headquartered in Amsterdam offers Dynamic Pricing, an ecommerce price optimization software.
PROS Smart Price Optimization and Management is a software solution designed to deliver instant, personalized prices, tailored for every unique buying and selling interaction and coordinated with all your go-to-market channels.
Revionics is a SaaS solution for pricing, promotion, space and competitive insight for innovative retailers. Revionics helps retailers around the world gain a competitive edge by managing and optimizing their pricing, promotions, markdowns, and space. Revionics was acquired by Aptos…
Prisync is pricing optimization software from the company of the same name in Istanbul.
Course5 Compete is an AI-based competitive intelligence (CI) platform that helps optimize the user's digital shelf and improve revenue through real-time, actionable insights & recommendations on the 5Ps of marketing – product assortment, pricing strategies, promotions effectiveness,…
ProfitWell headquartered in Boston offers revenue operations products designed to reduce churn, optimize pricing, and give users accurate, free revenue reporting, including a free service that provides subscription metrics.
GrowByData provides Marketing Intelligence to power smarter, faster eCommerce with unified insights across the shopper journey. GrowByData offers Search Intelligence, Product Intelligence, Marketplace Intelligence, Ad Intelligence, Price Intelligence, MAP Monitoring, and Product…
Pricing Optimization Software gives a business insight into consumer behavior and reactions to prices so businesses can make the best pricing decisions possible. This may involve changing price strategies, generating custom prices for certain customer groups, changing contract terms, offering specific products during certain parts of the year, etc. Additionally, using this software gives the business a leg up in adjusting prices based on changes of behavior for consumer demand and the changes in value for certain products and/or services.
Businesses are created to generate a profit and the process of research to determine pricing points is not a new strategy. Pricing Optimization Software saves a business time analyzing the market and using algorithms to get the optimal return on the products offered. It is a crucial investment in maximizing overall revenue goals and profit in today's competitive market. This type of software is suitable to meet the requirements of all types and sizes of businesses.
Most Pricing Optimization Software will contain the following features:
Alerts/Notifications
Benchmarking
Competitive Analysis
Competitor Price Tracking
Custom Pricing Rules
Dashboard
Dynamic Pricing
Market Data Analysis
Repricing Engine
Trend Analysis/Indicators
Website Monitoring
With various Pricing Optimization Software to choose from, there are a few things to look out for when deciding which product to purchase. They include:
Type of Business: When selecting software, be sure it's geared toward your business so that it yields the best results. For example, Prisync is best suited for Shopify merchants, E-commerce businesses, and Magento stores. Competera, on the other hand, is best suited for omnichannel, multi-brand retailers with thousands of transactions per day.
Support/Training: All software should offer support and training for their consumers, and Pricing Optimization Software is no different. Whether you are doing online research or on a consultation call, it is important that support and training are offered. Additionally, upon purchasing the product, users should have access to training and learning resources. . Reading reviews from previous and current customers is another excellent way to learn about the amount of support and training a software offers.
Pricing for these products depends on different variables, such as the size of your business and the number of features you’re interested in purchasing. Due to this complexity, some companies require an initial consultation call to receive a quote.
However, basic packages range from $19.95 to $59 per month, with premium subscriptions can be as high as $300 per month. Be sure the package is the right fit for your business type and size and that there are no extra hidden fees or expenses aside from these monthly costs.
There are several reasons why investing in Pricing Optimization Software can be beneficial:
Some of the more popular Pricing Optimization Software products include:
