Retail Software Buyer Guide 2020 by Crozdesk has recognized Competera’s AI-powered pricing software for enterprise brick&click retailers the best retail software in the market.
About Crozdesk: it is among most advanced business software discovery platforms. Since 2014, it helps buyers find and compare between thousands of software products across 250+ different categories.
Earlier this year, Competera’s AI-driven pricing software has been named a High Performer by the world’s largest tech marketplace G2 Crowd for the second year in a row and has won two awards from SoftwareSuggest.
Many market tests have shown that AI-enabled pricing can boost gross margin and revenue by 4%-8% as compared to traditional pricing methods. Here are several examples:
UK-based giftware retailer Find Me a Gift increased revenue and item sales by 9% and 24.7% respectively during a five-week market test;
Apparel&footwear retailer Intertop saved 200 b.p. in profit margin and 10.3% in gross profit during a six-week market test;
Consumer electronics retailer Foxtrot uplifted revenue by 13.6%, sales items — by 5.8%, and the number of transactions — by 7.8% during a six-week market test.
You can read more case studies here.