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Monetate

Monetate
Formerly Kibo Personalization, powered by Monetate & Certona

Overview

What is Monetate?

Monetate (formerly Kibo Personalization, powered by Monetate and Certona) is an ecommerce personalization software for consumer-facing brands. Monetate enables brands to create individualized experiences for site visitors, with the goal of improving engagement and business performance. Founded in 2008, Monetate…

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Recent Reviews

Ease of use

7 out of 10
September 05, 2023
Incentivized
I think Monetate is very useful for testing. No issues with the system. Clear and easy to use with support and manuals
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Quick overview

8 out of 10
April 18, 2023
Incentivized
We've been able to use Monetate to support personalisation across different customer segments on site, as well as run a number of AB tests …
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Monetate Review

10 out of 10
February 28, 2023
Incentivized
We use Monetate to create different user journeys for different customers we target. Doing A/B testing we get to see which experience will …
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Awards

Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards

Reviewer Pros & Cons

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Pricing

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What is Monetate?

Monetate (formerly Kibo Personalization, powered by Monetate and Certona) is an ecommerce personalization software for consumer-facing brands. Monetate enables brands to create individualized experiences for site visitors, with the goal of improving engagement and business performance. Founded in…

Entry-level set up fee?

  • Setup fee optional

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

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Product Details

What is Monetate?

Monetate (formerly Kibo Personalization, powered by Monetate and Certona) is an ecommerce personalization software for consumer-facing brands. Monetate enables brands to create individualized experiences for site visitors, with the goal of improving engagement and business performance. Founded in 2008, Monetate services Adidas, Lufthansa, Office Depot, Reebok, Wolseley, and other companies.

Monetate is open, and designed to work across the user's marketing stack. It is real-time too, with machine learning capabilities to help deliver 1-to-1 personalization, through to testing & experimentation, and product recommendations at scale.

In October 2019 Monetate and Certona personalization technologies were acquired by Kibo Software. Kibo Personalization included capabilites from these solutions. Monetate was spun off from Kibo in October of 2022.

Monetate Features

  • Supported: Testing
  • Supported: Segmentation
  • Supported: Machine Learning
  • Supported: Data Integration
  • Supported: APIs

Monetate Technical Details

Deployment TypesSoftware as a Service (SaaS), Cloud, or Web-Based
Operating SystemsUnspecified
Mobile ApplicationNo
Supported LanguagesEnglish

Frequently Asked Questions

Monetate (formerly Kibo Personalization, powered by Monetate and Certona) is an ecommerce personalization software for consumer-facing brands. Monetate enables brands to create individualized experiences for site visitors, with the goal of improving engagement and business performance. Founded in 2008, Monetate services Adidas, Lufthansa, Office Depot, Reebok, Wolseley, and other companies.

Adobe Target, Optimizely Web Experimentation, and Dynamic Yield are common alternatives for Monetate.

Reviewers rate Implementation Rating highest, with a score of 9.1.

The most common users of Monetate are from Mid-sized Companies (51-1,000 employees).
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Comparisons

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Reviews and Ratings

(159)

Attribute Ratings

Reviews

(51-75 of 103)
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Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • In many cases we have seen high lift in test scenarios very quickly, which helped us to move these better improvements to product faster.
  • Monetate has also helped us to asses changes that won't work. There is less risk with Monetate when you can test a hypothesis out first.
Score 5 out of 10
Vetted Review
Verified User
Incentivized
  • Testing in our ecommerce pages has increased lead generation and revenue numbers by improving the conversion rates on our existing traffic
  • We've been able to scale back on development hours and run tests and even 100% experiences through Monetate
  • Overall, cost of Monetate product creeping up and revenue wins probably didn't cover the total investment.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • Great UX/UI "discoveries" with the tests performed
  • Some experience results lifted conversion rate dramatically
  • Using it as a quick deployment tool saved the day for the Tech department a number of times
Score 7 out of 10
Vetted Review
Verified User
Incentivized
  • Monetate's direct contributions, such as carousels and other inserts, have had little effect compared to other options.
  • However, their A/B testing has allowed use to more accurately know how our own contributions stack up. If you took the loss of conversion rate from every test we thought would be good and turned out not to be as an effective gain on their part we could easily say +15% CR in relative terms. (Most of what we think are good ideas actually are, in which case Monetate is just confirmation and didn't gain us anything vs just going with the change right away.)
  • Their Badging consistently bumps purchase rates on tagged items, but I find it hard to say this is a good ROI for that specific feature alone, as it would be quite cheap and easy to implement it in-house. A nice free add-on as part of a package, though.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • Helped increase conversion rate and customer experience by allowing us to test features/designs on the site without first making costly development changes.
  • We're able to more quickly fix or suppress issues on the website than we would waiting for IT to troubleshoot issues.
Score 10 out of 10
Vetted Review
Verified User
  • We saw a significant lift in conversion and drop in abandon carts once we started testing changes to our checkout pages.
  • Our team has been able to target how customers found their way to our site. We offer welcoming content and reinforce promotional ads leading to increased conversion.
Score 10 out of 10
Vetted Review
Verified User
  • Increased conversion - positive impact. For example - the use of behavioral endcaps on HP and in cart lead to increases in overall conversion rate
  • Increased efficiency - positive impact. Able to make changes quickly in order to support segmented messaging or user experiences. We schedule mutiple homepages across devices and updates take minutes (for example).
  • Increased omnichannel experience - positive impact. Able to get content on mobile site vs redirecting to desktop (poor user experience) by using Monetate.
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