64 Competera Testimonials

"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."

"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."

“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.”

"For quite a while, pricing managers sought an optimal price for their product categories. In most cases, the decision was simply to lower the price. In other words; to lower the margin. Fortunately, we connected with Competera four months ago and now we have the truly optimal prices - not the lowest, but the most beneficial from revenue side as well as in customer's eye. Keep on, Competera."

"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."

"Two months ago my daily problem was the huge scope of goods in the assortment of our store. The number of products didn't allow for us to correct all the prices manually, and the process became more and more tedious. Also, competitors started to change the price in increasing frequency. We integrated Competera solutions and began to receive our competitors' insights. We achieved our business goal - the customers' perception of our price positioning was changed as we like and in line with our expected business performances."

"Thanks to Competera, we have a very comprehensive and up-to-date picture of the market at any given time, which helps us make far more well-informed and beneficial pricing decisions and set optimal prices across our entire assortment. Ultimately, Competera helps us reach the most important goals which are to increase our sales and stay competitive in the market."

“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 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."

“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.”

"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."

"Thanks to Competera's solution we use the pricing platform designed considering our rules on a daily basis. The quality of the solution makes repricing a lot easier for us, allowing us to focus on tactical or strategic moves instead of wasting our time on routine tasks."

"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."

"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%."