Automated Pricing Optimization: How PRICEXPERT Delivers Return On Your Investment
Use better tools to power better decisions.
- Cutting-edge Price Optimization – stay profit focused on all of your SKUs.
- Bundling and Kits – accurate discounting based on real-time performance data.
- Sales Promotion Pricing – agile and intelligent, based on data not speculation.
- Competitor Matching Analysis – watch competitors, gauge pricing vs the market.
- Tracking Analytics – real-time comparison of forecasted projections.
“The right tool for the right job!” That’s what the experts always say. The fact is many retail pros still rely on the same tools that everyone learned to use back in college: spreadsheets. No doubt, spreadsheets are great inventions, but they can be crazy complicated when you want to do a simple forecast! You could wait days, even weeks before you’ve finished a handful of forecasts. It could take even longer if you need to add new variables into your spreadsheet formulas.
We designed PRICEXPERT so that you can build whatever you need to be successful and profitable. We give you every tool you need to help you stay ahead of the competition.
So… ask yourself – given the speed of the retail industry today, can you afford the plodding pace of old ways? PRICEXPERT gives you a quantum jump forward with the level of productivity that comes with SaaS automation. You gain the types of tools that your F500 competitors already use. You’ll have a better understanding of risks and rewards of change. The best part is you don’t need to be a spreadsheet formula-guru.
How We Rapidly Deliver Return On Your Investment
EVERYDAY PRICE AUTOMATION
This is the heart of pricing logic. Price based upon the deep stack of data that you’ve already collected from retail activities with your customers, as well as your internal business metrics. Easily model price change impacts prior to implementation, and execute multiple “what-if” scenarios. Now you’re ready to dial pricing up or down based on any number of operational metrics.
BUNDLING AND KIT OPTIMIZATION
Bundles and kits can be difficult to track and price without a systematic approach aided by automation. Seal off losses by automating updates for kitted merchandise pricing. You can deploy virtual kitting of product assortments that mesh with your ERP systems then spend more time focusing on your customers and your sales strategy.
SALES PROMOTION PRICING OPTIMIZATION
PRICEXPERT allows you to price right for promotions. Create promotions based on analytics that meet your financial goals and desired revenue results. Leverage price elasticity of demand in order to meet promotional goals. Create promotions that balance price drops on promotional products with additional profit squeezed from halo products.
COMPETITIVE DATA ANALYSIS
This is a key differentiator for PRICEXPERT – what divides us from low-cost ‘scraper’ solutions and gives us the capability to make you more competitive with retailers that use million-dollar F500 solutions. PRICEXPERT’s Competition feature integrates your data with both internally curated competitive information as well as with 3rd-party solutions. The result is a comprehensive solution that gives you a total picture into how competitors price as compared to your proposed price changes. When you see something that catches your eye, you’ll be able to take confident steps against competitors’ price strategies in one seamless process.
TRACKING & PERFORMANCE ANALYTICS
The PRICEXPERT solution gives you automated tracking of your price changes against new sales. Track the net sales price so that you can nail down profit “leaks” with relative ease. PRICEXPERT’s Tracking Module will demonstrate how your pricing initiatives have paid off. You’ll see how your data is helping to drive toward your profitability and revenue goals. As you build a data rich history of performance, use the internal tracking framework to help clarify analysis and point out areas where there’s room for improvement. Use the integrated tracking capability to measure effectiveness of each price implementation over time, track optimization processes, compare your pricing strategy with the market, leveraging a closed-loop process for pricing.