64 Competera Testimonials

"Working with Competera Suite allowed us to import the monitoring data fast and get a fresh slice of competitors' prices at the right time. The results of the test period were inspiring, yet the tangible effect will express itself more clearly in the long-term only a few months later. Also, we must remember that we are using only one of Competera Suite's tools; competitor prices monitoring. I guess that if we import all important data for turnover, margins, the sales dynamics and so on, the effect will be much bigger."

"SKB Europe is the Netherlands-based European distributor of SKB Cases. These high quality cases are for demanding industrial, sport, & music applications. Competera is a trusted partner, providing us with a reliable data since 2015. The Price Management helps us being aware of our price positioning and timely react on unfavorable changes. Competera became our good assistant in the profitable cooperation with major European and Amazon resellers."

"Competera became our reliable partner for pricing. We are happy to move forward through our pricing journey on the way to fully automated processes based on price recommendations produced by machine learning algorithms. I recommend the pricing platform to retailers looking to fulfil their goals and increase growth dynamics."

"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."

“Competera was the first tool we used, yet one thing was clear since the very beginning: It helps to compare many prices at once.”

"With the implementation of Competera, Samokat significantly reduced the time spent on repricing daily: earlier the assortment calculation was taking up to 3 hours, now we receive final results in 30 minutes and are ready to proceed with strategic decisions."

"Retailers and vendors use promos to stimulate financial performance. However, this leads to cutting prices non-stop. Everything has its limits, though. We are faced with a question of how to satisfy the customer while keeping the prices beneficial for the business. To do so, I believe, we need to shift from price wars to predictive pricing."

"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."

"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."

"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."

"Competera platform is a great tool to sustain the right price perception and keep customers satisfied with our prices. The data-driven insights generated by the platform help bringing our mission to life, i.e. provide a unique digital experience and excellent service to our clients."

"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."

"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."

"I want to recommend Competera pricing software for other Category Managers because it is an efficient and easy tool for price monitoring. MyToys has been using the Price Intelligence tool from Competera for 2 years and it was really good. First of all, the quality of data was permanently efficient. At the minimum, a data delivery impediment sometimes happened, but from my experience, that is normal in the working process. It must be noted that their Customer Success manager notified me every time if any impediment would take place. I was greatly impressed with the service so my verdict is absolute yes to Competera."