Pricing Intelligence Software
by Wiser – Pricing Intelligence – Capterra
Tabset anchorWhat is Pricing Intelligence? Continuously determine proper selling prices with multichannel and marketplace support. Turn competitive insights into opportunities with automatic price monitoring. Test strategies with automated pricing and create customized pricing rules for products on all online sales channels. Deliver compelling promotions that improve sales while increasing customer satisfaction. Improve efficiency and turn competitive insights into opportunities by automating price monitoring across your competitors.
Best ForWiser serves Large Mid-Market & Enterprise level retailers, brands and manufacturers around the world. Pricing Intelligence Video and ImagesDeployment & SupportDeploymentCloud, SaaS, Web-BasedDesktop – MacDesktop – WindowsDesktop – LinuxDesktop – ChromebookOn-Premise – WindowsOn-Premise – LinuxMobile – AndroidMobile – iPhoneMobile – iPadTrainingIn PersonLive OnlineWebinarsDocumentationVideosContact DetailsWiserLocated in United StatesFounded in 2012 like you also researchedHere are some products we think might be a good fit based on what people like you viewed. Learn more about pricingTabset anchorPricing Intelligence PricingStarting From: Pricing Model: Per FeatureNo free trialNo free versionTabset anchorPricing Intelligence FeaturesFeatures are displayed in alphabetical mpetitor Price TrackingDynamic PricingMarket Data AnalysisMulti-StorePredictive Pricing ModelsPrice List ManagementPricing AnalyticsProfitability AnalysisTabset anchorPricing Intelligence ReviewsShowing all 2 reviewsAlan Associate ManagerUnspecifiedUsed the software for: 6-12 months“Using this tool to help us improve our pricing process”Pros: Able to work with rather big data bases. Allows to personalize your searches with pricing rules. Customer Service Support can help you with Not a user friendly platform and slow. Products matched are not always similar to what you’re looking AdminUnspecifiedUsed the software for: 6-12 months“Slow to reprice”Pros: Easy to setup,
Full overview of competitors, competing products, price history and profit,
Simple to configure rules with min/max pricesCons: Slow interface,
Doesn’t always match products and no way to manually match products,
Adding products can take 48 hours,
Sometimes days can pass before repricingPricing Intelligence Video
Price Intelligence Software & Tools – InSiteTrack
Price Intelligence Software & Tools
What is Price Intelligence Software & Tools?
Price Intelligence Software is a web based service that enables retailers, brands and even independent buyers and sellers to automatically monitor and track online prices of their competitors. This software can track big eCommerce sites as no competitor is to big. All of your relevant pricing data can be stored in one place including your own prices. Here at InSiteTrack we use a wide range of pricing intelligence tools to provide and help benchmark, categorise and review the captured data. This system supports you to incorporate a more competitive pricing strategy.
The process of Pricing Intelligence is simplified into three easy steps-
Price TrackingMonitoring & Analysing Pricing DataTake Action Through The Advice & Recommendations Our Tools Provide.
Technical Overview
The pricing intelligence software and tools included in our solution provide the following key functions:
InSiteTrack’s crawler and extraction engine that crawls web pages to extract dataBack end database for storage and retrieval of the data extractedWeb front end providing an interface for the user to analyse the data Business rule based auto repricingSuggestive product matching
The Capabilities Of The Price Intelligence Software We Provide
Our Capabilities
Our Pricing Intelligence Software Objectives For You
To improve visibility of competitor activity and to help achieve the best result of improving your competitive pricing strategy. We have listed some of the specific objectives included in our software solution below.
Fast, efficient search and display of prices by product, range & competitorAutomated collection & daily tracking and reporting of pricesAutomatic proactive alerts of retailer price changes and promotionsProgrammed analysis and insight into price changesHistorical price trend reports of products and competitors
Some Of Our Pricing Intelligence Tools
Additional features and tools provided by the InSiteTrack pricing intelligence solution include user admin and security. This provides the ability to control permission based rights and usage of the system, dependent on permitted access of your employees. Achieved by using the embedded user types within the software. A helpful tool is setting different alerts which can be tailored to your needs. An example being reports that can be time based (weekly/daily). Full training of our pricing intelligence system is provided, along with follow up sessions. Helpful tutorials and a help-desk guide is provided with the service. We pride ourselves on great customer service which is available via phone, email and Instant messaging within the application.
Examples of some of the tools our software solution provides and how you can put them to use
A Handful Of Benefits Of Our Pricing Intelligence Software
Click here to see a more in depth way we can benefit you whether you are a retailer or brand. If you still have any questions regarding price intelligence check out our full overview here.
Saves money, time and resourcesImproves competitor visibilitySupports fast, informed pricing decisionsSupports profitable growthHelps optimise product price points and margins
Request a demoGet InSiteTrack working for you now! It only takes a few minutes of your time to experience first hand the key features and benefits of the system, click on the button to request an online quest a demo
Retail Pricing Tool to Stop Failing With Traditional Pricing – Competera
Pricing tool helps managers and pricing teams to:
switch from SKU-based to proactive portfolio-level pricing
monitor the execution of your pricing strategy & goals achievement
automate pricing process and save up to 40 hours per month
What is pricing tool and why should retailers use it?
Pricing tool is a type of software used by retailers to process competitive data and reprice their products faster and better compared to traditional human-centric approaches. Dynamic pricing tool is a means a powerful means of sales growth and a fully-fledged workstation to manage all pricing-related operations daily.
Why choose Competera?
Competera is an all-in-one pricing platform with a disruptive pricing approach leading to touchable results for omnichannel retailers.
Let us show you
Turnkey solution Reprice thousands of SKUs from Day 1
Suits any portfolio Manage any number of categories
Technological transparency Feed in dozens of constraints
Let us guide you
Individual pricing design 4⁴ pricing solution combinations
Short-term forecast Assumption accuracy 90%+
Well-balanced pricing Consider dozens of factors and manage 2 KPIs at once for optimal prices
Let us impress you
Subscription-based mode Minimal subscription – 1 year
Fast integration Integration & first profit – in 60 days
PoC-proven results Duration up to 90 days
Guaranteed projected profit ROI 600%-800%
How pricing tool software can enhance your pricing strategy
Traditional human-centric pricing approaches might bring some results, yet they lack efficiency when it comes to
sustainable growth and strategic goals’ achievement.
The origins of pricing tool software trace back to the mid-1990s when the first prototypes
of modern solutions were released. The first wave solutions were capable of processing historical
data being at the same time particularly rough in procession, integration, and daily use. Then,
the second wave solutions appeared at the beginning of the 2000s. With a poor time-to-value and
plenty of difficulties in onboarding, these prototypes have never become commonly used in retail.
Finally, the third year solutions were released in the 2010s making an optimal value offering possible.
Leave traditional pricing behind
Excel has become an indispensable part of the daily routine for retailers using traditional pricing approaches. Even though, Excel-based pricing might bring some results, it is also likely to slow your team down and prevent from finding new opportunities for sales and profit increases.
Get proactive with Competera’s pricing tool
We believe that the future belongs to proactive rule-based pricing and comprehensive price optimization. Competera’s pricing software enables retailers to monitor execution of their pricing strategy, take corrective actions via goal-driven pricing, and build a library of effective pricing scenarios.
How pricing tool solution works
A leading Eastern European apparel retailer Intertop reached the point of 10. 3% gross profit saving along with 200 BPS of profit margin saving after only 6 weeks of using Competera’s pricing tool.
“When using machine learning in repricing, we set business goals and constraints.
Machines do the rest of the job. In other words, we do not do repricing per se, but we set
the rules of the game and control the results. Technology does boost the financial performance of your company”
Ilona Baskova
Brand Manager at Intertop
Pricing tool software: retailer’s key to sustainable growth Increase sales, boost revenue, save time 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 in excel sheets.
Save up to 40 hours of work each month
Compared to traditional pricing approaches, Competera’s pricing tool enables managers to make repricing up to 5 times faster
Boost your revenue
Pricing tools can process a myriad of relationships, patterns, and complex rules that cannot be processed by humans. What it means is that the new opportunities for revenue growth are identified
Increase sales without losing profit margin
Highly accurate forecasting combined with elasticity-based pricing allows to set optimal prices in each repricing cycle. As a result, sales volume increase without sacrificing profit margins
Get an easily-integrated tool
Competera’s pricing tool is flexible and adaptable to various types of sources (e. g. ERP, e-commerce platforms).
Pricing tools trusted by retailers across the globe
Don’t take words for granted
Try our market test to find what benefits can Competera’s pricing tool bring to your business!
Frequently Asked Questions about pricing intelligence software
What is price intelligence software?
Price Intelligence Software is a web based service that enables retailers, brands and even independent buyers and sellers to automatically monitor and track online prices of their competitors. This software can track big eCommerce sites as no competitor is to big.Apr 26, 2021
What is a pricing tool?
Pricing tool is a type of software used by retailers to process competitive data and reprice their products faster and better compared to traditional human-centric approaches.
How do you monitor competitor prices?
How to Create a Competitor Price Monitoring StrategyArticulating A Competitor Price Monitoring Strategy.Step 1: Set Your Market Positioning.Step 2: Study The Competition.Step 3: Identify Competitor Sites and Products for Monitoring.Step 4: Test The Pricing Data For Your Relevant Products.More items…
