Solution by Need

Price management software for retailers

Competera’s Price Management Software empowers retailers with AI-driven, customer-centric pricing strategies. Unlock deep customer insights, optimize prices across all products and channels, and make data-driven decisions to boost sales and profitability.

  •   Data-driven decisions with 95% accuracy
  •   AI-powered, customer-centric pricing
  •   Increase profitability and basket value
  •   Boost efficiency by up to 70%
dashboard

All-in-one platform platform for Pricing Management

Our platform allows making data-driven decisions that drive sales,
improve customer satisfaction, and increase profitability.

  • broadcast

    20+ pricing/sales
    factors considered

  • book-bookmark

    What-if
    testing scenarios

  • target

    90+%
    accuracy of forecasts

  • vector_three

    Unlimited
    scalability

  • book-bookmark

    What-if
    testing scenarios

  • target

    90+%
    accuracy of forecasts

  • vector_three

    Unlimited
    scalability

  • broadcast

    20+ pricing/sales
    factors considered

  • target

    90+%
    accuracy of forecasts

  • vector_three

    Unlimited
    scalability

  • target

    20+ pricing/sales
    factors considered

  • book-bookmark

    What-if
    testing scenarios

Watch Product Tour

Unlock maximum Efficiency

Transform your approach to pricing with Competera.

  • Reduce the workload
    of pricing teams by up to 70% 

    Improve your operational efficiency and let
    your pricing team focus on strategic initiatives.

    1

  • Pricing management software
    that align prices with your customers' preferences     for each client 

    Boost your customer satisfaction and retention
    while improving overall brand perception.

    2

  • Increase basket value,
    and inventory turnover     

    Unlock the full potential of customer behavior insights to optimize pricing strategies and achieve sustainable growth.

    3

  • Grow your Profits and increase
    your customer trust 

    Optimized pricing strategies powered by Competera’s AI encourage repeat purchases and enhance customer loyalty, resulting in higher Customer Lifetime Value (CLTV) and a 6% gross profit uplift.

    4

Ready for a huge leap towards your pricing success?

Move from intuition to pricing strategies based on your customers
purchasing behaviors with ease.

Step 1

Streamline pricing processes.

Step 2

Uncover deep customer insights.

Step 3

Gain maximum profitability and customer satisfaction.

Start
2 months

Features available for Price Management

We make customer behavior insights available for the pricing process
and ensure optimal prices across the whole product portfolio

Business impact prediction

Benefit from short and mid-term business metrics predictions and anticipate how your sales volume, revenue, gross profit, and profit margin will look in 1-12 weeks based on pricing decisions you make now.

Business impact prediction

Product Relationship Management

Define linear or hierarchical product dependencies, link items to pricing limits, and create meaningful cross-dependencies. Simultaneously review repriced products, orchestrate pricing campaigns, and synchronize pricing adjustments across related items.

Product Relationship Management

Powerful analytics

Get a 360-degree view of your pricing with detailed insights into price interpretations, influencing factors, competitor dynamics, and KPI progress. Our comprehensive reports help you understand AI-driven decisions and eliminate guesswork.

Powerful analytics

This is how Competera helps retailers

Get a tailor-crafted solution and unique product setup developed together
with leading pricing architects to help your business reach strategic goals.
  •  Industry Tailored
  • AI/ML
  • Personalized

How the Supermarket Chain
Increased Profits by 7%

Discover how grocery retailer overcame the challenge of unaccounted cross-elasticities and created a universal pricing approach that boosted profits by 7% within 8 weeks.

Get Case Study  →

  • 98% ai prices
    were implemented

  • 1

  • 1.25%
    turnover growth

  • 7%
    profit increase

  • Omnichannel
  • Flexible and easy to use
  • Unlimited Scale

Streamlining Pricing Process
for Global Expansion and Enhanced
Efficiency

WiggleCRC Group, a UK-based online sports retailer with over $500M in annual revenue, adopted Competera's platform to improve pricing automation, enhance competitive coverage, and ensure a transparent pricing strategy across regional markets.

Get Case Study  →

  • sport

  • 50% reduction
    in repricing time

    • Increased automation for 500,000+ SKUs
    • 360* market view 
  • wiggle

FAQs

Find answers to some of the most common questions
people have regarding the use of Competera.

What is price management?

Price management involves strategically setting and adjusting the prices of products or services to achieve business objectives such as maximizing revenue, profitability, and market share. It involves analyzing market trends, customer behavior, and competitor pricing to make informed decisions that align with customer expectations and company goals.

Why is pricing management important?

Pricing management is crucial because it directly impacts a company’s bottom line and competitive positioning. Effective pricing strategies can:

  • Increase Revenue and Profitability: Businesses can boost sales and improve profit margins by optimizing prices.
  • Enhance Customer Satisfaction: Aligning prices with customer preferences increases satisfaction and loyalty.
  • Improve Brand Perception: Consistent and fair pricing enhances the brand's overall perception.

How can I utilize effective price management?

With Competera, you can utilize price management best practices with little effort compared to other solutions on the market.

  • Leverage AI-Powered Tools: Use advanced pricing platforms like Competera’s that employ AI and machine learning to analyze multiple demand drivers and customer behavior.
  • Adopt Data-Driven Strategies: Make informed decisions based on real-time data, market trends, and competitive dynamics.
  • Implement Dynamic Pricing: Adjust prices in real-time across different channels and regions to reflect market conditions and customer preferences.
  • Conduct ‘What-If’ Simulations: Test various pricing scenarios to predict their impact on revenue and profitability before implementation.
  • Automate Pricing Processes: Streamline operations to reduce manual workload, allowing your team to focus on strategic initiatives.