High-quality data is a must for a winning pricing strategy, it allows setting optimal prices, attracting and enticing customers, and increasing revenue.Get a Trial
The majority — 81% — of customers base their purchasing decisions mostly on a price. Thus, the stats prove the importance of competitive pricing for outselling competitors and generating more revenue.
Big retailers such as Amazon, eBay, and the likes, tend to reprice several times per day. Smaller retailers, who cannot afford to reprice that frequently, need to react to the market changes by setting the right price based on the fresh data as rapidly as possible.
Competera offers a SaaS solution which helps businesses track any changes in competitors’ activities, including but not limited to price changes, stock, and promos, and use the data to build an effective pricing strategy.
Retailers require quality competitor pricing data. Without precise information, making the right decisions on repricing will prove difficult, which will increase markup and profits. Businesses receive up-to-the-minute quality data about the pricing of their online retail competitors and stay ahead of the market.
Retailers which have thousands of SKUs to manage very often do not have the human capacity to analyze, let alone reprice, their whole assortment. They fail to offer the optimal price, and thus lose customers and revenue.
Competera’s AI-based solution offers not only competitive data collection but also the market analysis and pricing insights which retailers can use to create the right pricing strategy.
Machine-based pricing software provides accurate, fresh and complete data on a schedule, and, unlike humans, is errorless. Besides, it seamlessly integrates with the retailer’s current operations and provides data based on the retailer’s business and technical needs.
With Competera, retailers stay ahead of the market and increase their revenue.
Competera’s machine algorithms collect competitive data by the parameters and schedule set by retailers and analyze it to make pricing recommendations. Unlike humans, algorithms are incapable of mistakes.
Great service and great team. Competera is a great software provider for an online store like RDE. Two years of collaborations have brought us high sales performance and revenue rate. Using Price Intelligence we have achieved our goals: optimised pricing process and increased in number of customers. I want to underline how we had been pleasantly surprised with qualified and quick to sympathize support team. They furnished the information on any our request 24-hours/7-day. Thank you, guys!
I’m a current user of Competera pricing software. I’d say the huge task is done for the managers of product categories in the online channel. Online fully automated competitor’s price tracking helped us significantly reduce the time for data processing and product pricing. After the integration with the service our prices got protected from possible human errors. I should say Competera is not the cheapest solution, but it worth to pay for the quality of pricing platform and the services provided.
User-friendly and effective competitive price monitoring tool from Competera. Finally, our business has found an efficient competitive monitoring tool! Now we have the ability to make correct pricing decisions for our product categories. Competera makes pricing recommendations based on accurate data analysis of our main competitors’ prices, promotion, and stock availability. Looking at our business outcomes, I’d say Competera does its job very well indeed.
Competera’s Price Index maps the retailer’s position on the market, shows how the market dynamics affects sales and delivers data on competitive prices, promotions and stock availability.
With Competera’s Competitor Price Monitoring retail teams switch from collecting data manually to strategic tasks, including defining pricing strategies and ensuring the algorithm operates in line with business goals.
The algorithm “records” every pricing decision and its outcome, which allows repeating successes.
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