Price Management Software for Retailers

Price Management
Software for Retail

Competera accelerates your commercial team and helps to secure optimal prices with:

  • Automated rule-based pricing
  • Pricing rules efficiency diagnostic
  • Best offers across the market
Dashboard Dashboard data
Google Cloud
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Get full control with Competera’s pricing software

Take off the burden of manual repricing from your Category Managers with:
  • Our library of common pricing rules and constraints
  • Custom pricing scenarios based on client’s or competitors’ data mix
  • Pricing constraints under control
Step 1

How automated rule-based pricing works?

Get up to five times faster repricing in three steps

  • Choose the right strategy and pricing rules in a few clicks
  • The platform consumes and processes competitive and client’s data
  • Competera generates and delivers prices based on set rules and data mix

Retail pricing software trusted by market leaders worldwide

Test and manage various scenarios to reach your targets

Your commercial team is equipped with all tools needed to craft the best strategies to increase revenue and profit margin.

Sandbox feature predicting outcomes of predefined or custom strategies
Ability to set specific constraints and targets for each scenario
Stop-lists excluding particular SKUs, brands or categories for repricing

Use pricing insights to control the whole picture

Managers will find new opportunities and identify issues before they become problems using insights on:
  • Own and competitors’ stock execution
  • Unique products in your portfolio and across the market
  • Execution of MAP guidelines by other market players
Step 2

Why market leaders choose Competera?

  • We provide smooth integration with various types of sources (e.g. ERP, e-commerce platforms)
  • Competera ensures forecast accuracy of the outcomes and results of applied rules and scenarios
  • Platform’s scalability allows to apply pricing rules to hundreds of SKUs and product categories

Who wins with our pricing management software?

Competera helps to reach goals and makes your team performance better.

Head of Category Management

  • Monitor execution of your pricing strategy
  • Track the performance of each manager and identify prospects for growth
  • Get storage of positive & negative pricing rules experiences
  • Lead efficient team powered to reach business targets

Category Manager

  • Reduce manual work with automated pricing rules
  • Negotiate better conditions from suppliers due to 360° market vision
  • Improve market perception with comprehensive price diagnostic
  • Test various pricing scenarios and stay out of risk with Competera’s Sandbox
  • Get 90-98% accurate prognoses based on pricing rules

Try Competera’s Pricing Management Software right now

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Manual price management strategies are time-consuming and prone to human error

Many smart pricing solutions do not consider complex relationships between products, pricing and sales. How are companies supposed to optimize their prices swiftly while also carefully considering the vast amounts of product data required to make accurate decisions? Retail companies can drastically enhance their pricing strategy using Competera’s price management software. Harnessing the powerful brilliance of machine learning, Competera’s pricing management software allows retailers to make the most precise pricing decisions possible, and gives them a comprehensive understanding of the overall effect of their pricing decisions. The price management software Competera provides uses advanced algorithms to process immense amounts of product and pricing data and runs countless simulations to determine the optimal prices for various products. Companies are provided with an easy to understand pricing forecast that allows them to make the right decisions and manage prices quickly and effectively.

Standard price management methods cannot compete

Using traditional price management methods, managers often must rely on their own intuition in order to make important pricing decisions in a timely manner. It is very difficult for pricing experts to determine the overall impact of their pricing decisions on their entire product portfolio. With Competera’s price management software, companies are given the opportunity to predict and forecast their pricing decisions to not only determine the optimal prices for individual products, but also to better understand the impact these pricing decisions have on the rest of their product assortment across several categories. Using AI-based price management software, retailers can take the guesstimation out of their pricing strategy and instead make the right decisions with a clear understanding of what impact these decisions will have. Even when using rule-based automated price management tools, the intricate relationship between products and their prices is overlooked, and the simplicity of these pricing methods leave companies doing little more than mirroring their competitors’ pricing decisions.

Better decisions for better profit margins

Every retailer seeks to increase their sales and revenue without negatively affecting their profit margin, and implementing new technologies within important processes such as price management can be a scary concept. However, companies that use our pricing software see immediate positive impact on their growth and revenue. The ROI when using Competera’s price management software is very compelling. Competera’s price management software is customizable and easily integrated into your business’ current pricing strategy. All data analyzed by the algorithms is provided by the retailer in order to better cater to the requirements and objectives of their company. Furthermore, all targets and data constraints used in Competera’s price management software can be manually set and changed by the retailer when needed. Competera’s price management software immediately gives positive results for any retailer using it, helping retailers manage prices more accurately than ever before. However, the benefits do not end there — thanks to the unmatched intelligence of machine learning, the more AI is utilized for a company’s price management, the more AI gets to “know” the ins and outs of the retailer’s individual products, product categories, prices, and everything in between. This means that the smart pricing decisions made by our software only continue to get more accurate over time.