Customer stories

Product Business Settings

Price Optimization is popular in Retail, Consumer Goods, and Construction industries and is widely used by Mid Market, Small Business, and Enterprise.

Price Optimization Product Overview

Price-optimization by Competera increases profit margins by 6% using predictive algorithms. Elasticities of demand and cross-product dependencies in the portfolio are calculated.

How satisfied the customers are with Price Optimization use-cases

Reviews

"...Two years of collaborations have brought us high sales performance and revenue rate...." Peer review by Bogdan N., Project Lead

Price Optimization Customer Insights, Testimonials and Case Studies

Leading Eastern European consumer electronics retailer - Consumer Electronics - Very Large

Competera’s demand-based engine helped a leading Eastern European consumer electronics retailer boost gross profit by 4.5% in just 8 weeks. The retailer used deep learning algorithms for price recomm...endations, applying 42,000 price changes during the proof of concept. The solution delivered a 4.4% increase in total revenue for the test category. The retailer managed over $3 billion in yearly revenue and needed to optimize pricing for a wide assortment. Competera’s platform addressed challenges like frequent repricing and cross-impact dependencies, driving measurable business growth.

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Unilever - Consumer Goods - Very Large

Competera helped Unilever switch from manual price analytics to automated price monitoring for their direct-to-consumer store, gro.24/7. The solution provided a full market view across three countrie...s. This improved assortment analysis speed and accuracy. Unilever gained real-time pricing analytics and reduced manual work. The platform enabled better pricing decisions for online shoppers.

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A leading US-based Fortune 500 department store chain - Retail

Competera's AI-powered pricing platform helped a major US department store chain improve its online business. The retailer faced challenges with old pricing models and needed to compete with more dyn...amic stores. By using AI price optimization, they set better prices and streamlined pricing processes. The results included a 40% increase in online revenue, 30% more new customers, 50% more reactivated customers, 59% more units sold, 25% higher margins, and 71% more visits with purchases.

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Flaconi - Consumer Goods

Flaconi used Competera’s AI-powered Pricing Platform to improve pricing across Europe. The company faced tough competition and manual pricing processes. With Competera, Flaconi automated daily pricin...g and monitored 235,000 SKUs. This led to a 50% reduction in time spent on pricing tasks. Flaconi now enjoys better margin growth and faster pricing updates.

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Lyreco - Retail

Competera's Competitive Data solution helped Lyreco, a top office supplies retailer, improve pricing intelligence in 24 countries. Lyreco needed better market insights and more reliable data. Compete...ra delivered 2.3 million data points monthly with over 95% product matching accuracy. The solution automated data delivery and scaled to monitor 180,000 SKUs across 150 competitors. Lyreco now makes faster, data-driven pricing decisions and continues to expand the solution.

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Sephora - Consumer Goods

Sephora used Competera's Competitive Data solution to improve its market intelligence. The company needed better data to track competitor coupons and pricing across 13 countries. Competera provided c...entralized data, coupon tracking, and analytics. Sephora achieved 98% match quality, 99% data accuracy, and 98% SLA compliance. The solution delivered 10.9 million data points monthly and reduced manual analysis time.

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lightning

Peers used Price Optimization for products & pricelist management and helpdesk management

Price Optimization Features

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FEATURE RATINGS AND REVIEWS
AI Powered

3.23/5

Read Reviews (3)
Analytics

4.91/5

Read Reviews (36)
Custom Reports

4.83/5

Read Reviews (19)
CAPABILITIES RATINGS AND REVIEWS
AI Powered

3.23/5

Read Reviews (3)
Analytics

4.91/5

Read Reviews (36)
Custom Reports

4.83/5

Read Reviews (19)

Software Failure Risk Guidance

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for Price Optimization

Overall Risk Meter

Low Medium High

Top Failure Risks for Price Optimization

COMPETERA LIMITED News

Partnership
 

Solum and Competera integrate AI pricing with real-time electronic ...

Solum and Competera have expanded their partnership to integrate AI-driven pricing intelligence with Solum's Newton electronic shelf label (ESL) platform across European retail networks. This collaboration enables real-time pricing updates, optimizing pricing strategies for retailers using Competera's machine learning and analytics. The integration aims to enhance pricing accuracy and revenue performance by automating in-store price adjustments.

Partnership
 

SOLUM and Competera expand AI pricingESL integration in Europe

Competera and SOLUM have expanded their partnership to integrate Competera's AI-driven pricing platform with SOLUM's Newton electronic shelf label (ESL) system across European retail networks. This integration enables real-time implementation of machine learning-derived pricing recommendations directly on ESLs, enhancing in-store execution of pricing strategies.

Partnership
 

JustPaid Partners with Competera to Power Invoicing for AI-Driven Retail Pricing Platform

Competera has formed a strategic partnership with JustPaid to enhance its AI-driven retail pricing platform's invoicing capabilities. JustPaid will streamline billing and payments for Competera's global clients, ensuring efficient and transparent invoicing. This collaboration aims to allow Competera to focus on optimizing pricing strategies for retailers without billing concerns.

Awards
 

AiHot100 # 45 Competera : AI pricing optimization platform

Competera, an AI-driven pricing optimization platform for online and omnichannel retailers, has been recognized as one of The AI Furnaces AI Hot 100 startups. The platform uses AI to analyze over 20 pricing drivers, offering features like demand-based pricing, real-time competitive data, and store-level optimization. It stands out by integrating human-in-the-loop interventions to align AI recommendations with business goals.

COMPETERA LIMITED Profile

Company Name

COMPETERA LIMITED

Company Website

https://competera.net/

HQ Location

West Hollywood , California

Employees

101-250

Social

Financials

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