64 Competera Testimonials

"Our revenue increased by 1% incrementally three months after a data-driven mechanism was adopted within the pricing engine. The solution factors in product cannibalization and seasonality to calculate demand elasticity. It suggests optimal prices and the best promotional products, among other tasks."

"There are two things I like best in daily, use of Competera. It has a user-friendly interface and a great customer support team. I’ve been using Price Management product for only a short time, but the results are already pretty obvious. Now I can automatically manage the product categories much faster and precise. This converts into the profit of online store and good KPI’s performance. I’m pleased with the product. Secondly, I started saving my time on routine manual repricing. As a result, I can complete my daily tasks faster and take the time to plan new activities."

"Advanced algorithms reveal cross-dependencies in product categories or between them, sales cannibalization of categories or individual products, market trends, and dozens of other 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."

"Panasonic places a high value on brand image and that’s why we maintain and protect the right price positioning. Competera brings us such a wide market vision and the current price policy of resellers. The system of automated notifications within the dashboard helps manage the alerts with price violations in an online channel. As a result, we can build good relations with our resellers, being sure about Panasonic brand image in consumers’ eyes."

"When using machine learning in repricing, we set business goals and constraints. Machines do the rest of the job. In other words, we do not do repricing per se, but we set the rules of the game and control the results.Technology does boost the financial performance of your company. As technology takes up routine tasks, pricing managers need to boost their analytical skills and business thinking. We have to learn to see the big picture and make not tactical, but strategic decisions."

"We've been working with Competera for more than a year and achieved good results: we significantly reduced the time spent on pricing in general and improved key business indicators."

"We hired the Competera price optimization tool to get enough reliable data for competitive intelligence. As a result, we increased the sales rate, revenues, and implemented an advertising campaign much more efficient."

"Frequent fluctuations in the market and the complexity of commodity comparison did not allow us to organize the monitoring of quality processes and rapid decisions making for a long time. Competera team offered us a valuable product, which enabled team to monitor the stock changes and product prices violations, and saved the managers working time empowering their attention on solving strategic problems."

"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."

“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.”

"We were trying to find pricing optimization through different means, and Competera Price Intelligence seemed like the best tool to do it. Our pricing strategy also demands on-the-fly analytics on competitors pricing changes, promotions and their stock availability. We know everything about that now."

"Competera helped us monitor the prices on our products at different markets, price aggregators, and marketplaces. Prices variations of our products are quite frequent in the market. Competera provides very useful tool for eCommerce purposes to monitor the products pricing across the online channel. A special thanks for quickly and efficiently submitted data in customized reports of Brand Intelligence, as we were empowered to control the situation on the market with the price perception of our brand."

"We have been searching for a good software service for a long time. Our partners recommended Competera as a perfect price monitoring tool. The business development manager presented the demo and we ascertained that Competera Price Intelligence is a great solution for our business. On top of everything else the Support and Customer Success management was perfect - they answered all our questions anytime we needed. We use Competera during 1 year and we are very impressed with the performance of the product and service overall."