Discover how advanced pricing tools can make your pricing more intelligent, flexible, and profitable.
Advanced pricing tools have several advantages over simpler software. Our pricing optimization tool boasts impressive improvements when our clients make the switch.
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.
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.
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.
Know your market, set the right prices, manage your retail team with ease — try Competera 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.
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.