Price Optimization 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.

Use Cases

Customers recommend Products & Pricelist Management, Helpdesk Management, Category Management, as the business use cases that they have been most satisfied with while using Price Optimization.

Other use cases:

  • Merchandising
  • Collaboration
  • Advertisement
  • Engaging And Following Up
  • Identify Target Customers
  • Competitive Intelligence
  • Workflow Management
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Business Priorities

Increase Sales & Revenue and Improve Stakeholder Relations are the most popular business priorities that customers and associates have achieved using Price Optimization.

Other priorities:

  • Acquire Customers
  • Enhance Customer Relationships
  • Improve ROI
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Price Optimization Use-Cases and Business Priorities: Customer Satisfaction Data

Price Optimization works with different mediums / channels such as Offline. and Point Of Sale.

Price Optimization's features include Dashboard. and Price Optimization support capabilities include 24/7 Support, Email Support, Chat Support, etc. also Price Optimization analytics capabilities include Analytics, and Custom Reports.

Reviews

"...Sinziana Visan Merchandiser Find Me a Gift. . ...." Peer review by Sinziana V., Merchandiser

Price Optimization, belong to a category of solutions that help CPQ. Each of them excels in different abilities. Therefore, determining the best platform for your business will depend on your specific needs and requirements.

Popular Business Setting

for Price Optimization

Top Industries

  • Retail
  • Consumer Goods
  • Construction

Popular in

  • Mid Market
  • Small Business
  • Enterprise

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

Comprehensive Insights on Price Optimization Use Cases

What Are the key features of Price Optimization for Products & Pricelist Management?

What Are the key features of Price Optimization for Category Management?

How does Price Optimization address your Merchandising Challenges?

What Are the key features of Price Optimization for Collaboration?

16+ more Business Use Cases

11 buyers and buying teams have used Cuspera to assess how well Price Optimization solved their CPQ needs. Cuspera uses 207 insights from these buyers along with peer reviews, customer case studies, testimonials, expert blogs and vendor provided installation data to help you assess the fit for your specific CPQ needs.

Case Studies

Consumer Goods

CASE STUDY Sephora

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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Retail

CASE STUDY Category Manager and their team

Competera’s price optimization platform helps the Category Manager and their team in retail get fresh data for short-term and long-term planning. Before, collecting and analyzing pricing data took to...o long, making reports outdated and planning hard. With Competera, the team gets instant access to key pricing, sales, and promotion data in easy-to-read graphs. This lets them plan faster, spot problems, and adjust their strategy. The platform supports better profit margin management and more accurate business decisions.

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Retail

CASE STUDY A leading luxury retail operator managing 89 premium cruise ships worldwide

Competera's AI Pricing Solution helped a global luxury cruise retailer improve its pricing strategy. The retailer used Competera to automate price adjustments and monitor competitors in real time. Th...is led to a 30% increase in daily profit per passenger in the fragrance category. The pricing team also reduced their workload by 80%. The solution addressed complex ship itineraries and changing market conditions.

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Retail

CASE STUDY Lyreco

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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Retail

CASE STUDY Intertop

Intertop used Competera's AI-driven pricing platform to improve its markdown strategy. The company managed 114 stores and 5 million SKUs. They replaced manual, blanket discounts with elasticity-based... markdowns. This led to a 2% profit margin increase and reduced repricing time to 15 minutes. Premium fashion brands saw an 18.2% sales surge and 14.4% revenue boost. Footwear brands achieved a 7.6% revenue boost and 10.3% gross profit increase.

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Consumer Goods

CASE STUDY Flaconi

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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lightning

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

Price Optimization Features

  • Low
  • Medium
  • High
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

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.

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COMPETERA LIMITED Profile

Company Name

COMPETERA LIMITED

Company Website

https://competera.net/

HQ Location

West Hollywood , California

Employees

101-250

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Financials

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