64 Competera Testimonials

"Advanced algorithms reveal cross-dependencies in product categories or between them, sales cannibalization of categories or individual products, market trends, and dozens of other internal and external factors that influence sales. For a long time, there was a belief that such solutions are much-in-demand in grocery retail only, but our project proves it wrong. Pricing optimization is already delivering great results and we plan on further development of the system."

"In drug retail, the risks of unsustainable promo policy are higher than anywhere else. Many players undertake unjustified promos and get into endless price wars undermining profit margin rates. We came to Competera to avoid this risk and be 100% aware of how our price changes influence revenue. With the platform, we can make sustainable pricing decisions every day. Competera is also a perfect means of goal management as it helps us to track the performance on our strategic targets and identify areas for further growth."

“Time was an issue for us, as we didn’t know when exactly Amazon was about to launch in Sweden. Nonetheless, our key requirement from a data provider was to receive Amazon Sweden and its sellers’ prices within 24 hours after the marketplace launch. Competera did the job within 8 hours, and that was a great success.”

“As long as we used an SKU-centered approach, we could have gained a sales boost for a single SKU but the related products immediately dropped in volume.”

"I'd say Competera completes a large chunk of our product category managers' tasks. Competera’s fully automated pricing cutting time for better decisions. Competera protects our prices from possible human errors."

"We were looking for an algorithm-based solution which could scale and consider all the factors which influence prices and which we usually neglect. We realized clearly that our managers would not be able to handle all of these variables, including all our historical data spanning 24 years, and offer optimal prices in real time. We could put together a whole department of data scientists instead, but it would take a long time and cost a lot. So, we preferred a technological solution from Competera and raised our revenue by 16%."

"Pricing races are growing non-stop. Setting the optimal prices is the key instrument to manage retail profits efficiently. The main question is what a reasonable price range and adjustment to increase sales and keep the margin optimal are."

"Having more than 7000 products in our range can be difficult to monitor from a pricing perspective. In the gift retail sector, prices change every day and for us to deal with all that new data is a real challenge. We wanted an accurate and reliable pricing solution that could help us be more price competitive and gain more profit per product. Competera met all these requirements. Now we're able to monitor our prices in the marketplace, and improve the profit per product thanks to the up-to-date information that the Competera platform has to offer."

"I wanted somewhere people can come to and find perfect gift ideas for all occasions."

"We were running around selling lots of stuff but we wanted to find a way to make each pound work harder for us."

"Competera is the perfect smart pricing solution for our online store. Our team has gained the real possibility to focus on our main goals and streamline the pricing process through Competera instead of getting distracted by different SKU performances and price optimization issues. Today our assortment is priced corresponding to current market price and consequently attract shoppers with optimal price for products."

"With a highly complex global operation structure, we needed a pricing solution suite that allowed us to set and maintain prices. Competera's suite is a game-changer that optimizes pricing across the product's lifecycle, incorporating multidimensional analytics and Al solutions to support decision-making."

"I work in sdvor.ru, online retailer of building and finishing materials in six regions of Russian Federation. Price tracking of the product categories in our industry is quite time-consuming: huge assortment, wide geography of distribution, commodity differences among competitors. Competera allows us to assess the situation on the market and control our price positioning. In the meantime, Competera flexibly reacts to requests and skillfully adapts the product to the features of our business. We thank the Competera team for the efficient product, quick support and personalised approach."

"I use Competera's platform to always be aware of market conditions and our price positioning. Our online store has many products and the huge geography of distribution. With Competera I’m sure we have the best price for every product at any given moment."

"Canadian CPG Company is a premium North American consumer brand. Competera is our reliable partner, providing us with a MAP monitoring tool for the last year. Our Brand Intelligence campaign enables us to monitor the minimum advertised price of over fifty North American e-tailers. The MAP violations report, facilitated by Customer Support manager, provides us with the most current information. This report helps us to maintain our brand’s position in the market place. Competera is a good brand intelligence tool for distributors."