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Competera Review

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Very good

Revainrating 4.5 out of 5  
Rating 
4.5
Sales, Quote Management

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Description of Competera

Competera is an AI-powered platform helping retailers to set optimal prices. It uses the last-gen ML technology combined with the best econometric practices. With Competera, businesses can boost bottom line metrics and sustain the right price perception through the best price recommendations. These recommendations are based on 60 pricing and non-pricing factors as well as self price elasticity and cross-product sales dependencies. AI-driven We implement deep learning technologies into retailer's daily operations. Competera core engine is a system for identifying factors that affect your pricing every day. By processing them in combination with the retailer's goals, constraints, and rule-driven solutions, Competera brings optimal prices directly to the user's dashboard. For any suggestion and calculation we make, Competera also considers that a change in one price will change the others. Rapid Fast speed equals major profit. It takes only 6 weeks to fully deploy a customized Competera platform that fulfils client needs. Compared to other types of solutions, our time-to-value is outstanding. Simple Tech Competera features allow each pricing team to play by their own rules, choosing different pricing engines, modules for precise tasks, analytics solutions, and everything else associated with pricing. And do so with ease and convenience – in one dashboard.

Reviews

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Type of review

Revainrating 5 out of 5

Competera is a useful price data app for the price data app seeker!

The most useful feature of Competera is that it shows you how much money you're missing out on by not having your products at the lowest price possible. You can then use this information to make decisions before you go live. I don't like that you can't see historical data for past months and years. This makes it difficult to predict future prices. Also, sometimes you have to wait a long time to receive a price update. If you want to know what the lowest price for a product is in realtime…

Pros
  • just look up "how many" results are available via an individual query per amazon category/
Cons
  • Almost never

Revainrating 4 out of 5

Price Manager has good potential, but needs an update

The ability to set up a rule to automatically adjust prices based on the current competition. This is a great tool for keeping prices consistent. I am able to easily set up rules to make sure prices do not go up or down too much. The price adjustment rules are a bit confusing. It is not always easy to know when a price adjustment is needed. I would like to see some more advanced features. I am able to set up rules to make sure prices do not go up or down too much. I am also able to easily…

Pros
  • The ability to set up rules to automatically adjust prices based on the current competition
Cons
  • It is not always easy to know when a price adjustment is needed