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

"...The guys from support helped me to get a handle with the dashboard at the outset...." Peer review by Adrian T., Director

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 benefits does Price Optimization offer for Products & Pricelist Management?

How does Price Optimization address your Category Management Challenges?

How can Price Optimization optimize your Merchandising Workflow?

How can Price Optimization optimize your Collaboration Workflow?

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

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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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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CASE STUDY NOVUS

Competera's AI-powered pricing platform helped NOVUS, a leading Ukrainian supermarket chain, modernize its pricing strategy. NOVUS faced challenges with manual pricing and complex market changes. By ...using Competera's solution, NOVUS automated pricing, integrated with SAP, and used advanced AI for better decisions. After a 6-week pilot, NOVUS saw a 6.7% increase in profits and a 0.3% increase in sales. The solution also removed manual pricing errors and improved operations.

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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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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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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

?

for Price Optimization

Overall Risk Meter

Low Medium High

Top Failure Risks for Price Optimization

COMPETERA LIMITED Profile

Company Name

COMPETERA LIMITED

Company Website

https://competera.net/

HQ Location

West Hollywood , California

Employees

101-250

Social

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Financials

SEED