Competera, an AI-powered pricing platform helping enterprise retailers set optimal prices, received the “Committed to Deliver” from Software Suggest. The achievement highlights Competera’s dedication to delivering excellent results to its clients by solving versatile pricing cases.
SoftwareSuggest is an online platform that helps businesses, organizations, and professionals select the best software solutions. With its annual awards program, the platform aims to bring outstanding software companies into the spotlight and highlight their exceptional offering.
Earlier this year, Competera was listed as a representative vendor in the Gartner Market Guide for Retail Unified Price, Promotion, and Markdown Optimization Applications and shortlisted for the Artificial Project of the Year by Retail Systems Awards 2021.
“I believe that “Committed to Deliver” is what excellently describes Competera’s company value nowadays. The team goes up and beyond to foster the AI revolution in pricing for retailers, and our client success stories speak volumes about the commitment. Just so, during one of our most recent projects with a seasonal online retailer, the team reconsidered the traditional approach to the solution test to prove the solution’s feasibility in a cost-effective and time-sensitive way. Another collaboration resulted in a 10% revenue growth and a 9% gross profit uptick. It’s great to meet the recognition from an established organization like Software Suggest,” shared his thoughts Alexandr Galkin, CEO and Co-Founder of Competera.
Competera uses cutting-edge Machine Learning technology combined with the best econometric practices to help businesses grow their bottom-line metrics. Speaking of success stories, here are a few recent ones that illustrate our results and bring awards like “Committed to Deliver” by Software Suggest:
- A leading UK-based online sports retailer WiggleCRC reduced pricing effort by 50% and handled complex pricing logic across five pricing zones;
- A health & beauty retailer Kosmo increased revenue and gross profit by 8.1% and 9.8%, respectively;
- An omnichannel consumer electronics retailer saw 4.4% growth in revenue and 4.5% - in gross margin.