Pricing Tool for Retail Pricing Journey

Pricing Tool for Retailers

Discover how advanced pricing tools can make your pricing more intelligent, flexible, and profitable.

price tracker

How pricing tools can enhance your pricing strategy

Advanced pricing tools have several advantages over simpler software. Our pricing optimization tool boasts impressive improvements when our clients make the switch.

price tracking software

Leave basic solutions!

Excel sheets are the tried and true pricing tool for retailers, and it is true that Excel has its merits to an extent. But as the market becomes increasingly dynamic and hyper-competitive,

using Excel or similar basic software as your primary pricing tool could be slowing your team down significantly and could be preventing you from seeing opportunities for sales and profit increases.

Improve pricing with Competera

The highly accurate results that pricing tools give, retailers can increase their sales and revenue all whilst also saving a considerable amount of work hours that would have otherwise been spent manually repricing and analyzing data on excel sheets.

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Our pricing tool utilizes at least two years of information on your sales, stock, and repricing.

Combined with your business objectives (e.g. sales increase) and rules, you are provided with optimal prices automatically.

All that is left for your team to do is apply these recommendations to ensure a successful and profitable pricing strategy.

How pricing tools can enhance your pricing strategy

Save up to 40 hours of work each month.
Unlike Excel, our pricing tool is easily integratable into ERP systems. Automation of price updates saves your pricing teams the hassle of manually repricing with limited technology.
Revenue boost by 16%
Pricing tools can consider a myriad of relationships, patterns, and complex rules that cannot be utilized without such an advanced software. This leads to new opportunities for revenue growth which previously went overlooked.
15.9% surge in items sales
Highly accurate forecasting and the utilization of elasticity-based pricing allows each repricing cycle to have the most optimal prices, leading to an increase of sales without sacrificing profit margins.
Flexible Integration
Competera’s pricing platform is flexible and adaptable to any pricing system, and provides a wide variety of streaming capabilities.

Trusted by top companies worldwide

  • Staples
  • Vodafone
  • Jumia
  • Pet Stock
  • Delonghi
  • Kogan
  • Lego
  • Mothercare
  • Samsung
  • RDE
  • Acer

Don't take our word for it

Know your market, set the right prices, manage your retail team with ease — try Competera pricing tool!

What is a pricing tool?

A pricing tool is a software that allows retailers to reprice their products faster and easier than traditional methods. It is an advanced software that can handle more data and process it quickly so the company using it can change their prices in a timely manner, saving them both time and money in the process. Pricing tools have been used by some of the most successful retailers for several years in the form of in-house pricing tools, but now external pricing tool software providers are allowing this technology to become more available to the rest of the industry.

Pricing tools are a very useful investment for retailers so they do not have to build their own pricing tool, which can be costly. The highly accurate results that pricing tools give, retailers can increase their sales and revenue all whilst also saving a considerable amount of work hours that would have otherwise been spent manually repricing and analyzing data on excel sheets.

What is a dynamic pricing tool?

A dynamic pricing tool is a software that helps retailers find the optimal prices for their products. It does so by using real-time data on the market and competitors so that a company can set their prices according to market changes. Changing prices according to the ebbs and flows of the market is called dynamic pricing, hence the term “dynamic” in “dynamic pricing tool.”

Changing prices in this manner using dynamic pricing tools can help retailers stay competitive and increase their revenue. By always staying on top of the market, retailers who use pricing tools can create a more successful pricing strategy and maintain their brand image.