Powerful Features
-
The segmentation model is continually updating according to the current needs of your business. -
Dynamic pricing strategies will help you stay competitive in the market. And the establishment of pricing rules will allow you not to miss out on profits. -
Customers’ readiness to pay is also considered. Dynamic pricing model acts according to market demand.
Key Terms
Intelligent Dynamic Pricing
Addressing Important Challenges
Today, many retail chains in different categories and formats have a large number of SKUs, whose pricing is usually done according to the same rules and markups set for the product category, depending on its role and strategy. That said, price transparency and competition forces chains to apply competitive pricing and price optimization to individual SKUs.
One of the key challenges of retail pricing is balancing the often fierce competition on front-basket and KVI baskets with the ability to price the rest of the back-basket assortment and retain, or even increase, gross revenue with the chosen pricing solution. The problem is exacerbated by the need to localize prices at the level of individual clusters of online stores based on the price recommendations.
How to maximize revenue and maintain sales
- With our dynamic pricing software, you can solve this problem with the help of special functions:
- Selecting and setting a rule-based Pricing Strategy to increase Gross Revenue or Revenue, depending on your goals;
- Setting a scalable and data-driven target value: for example, maybe you don't want to maximize Gross Revenue, but only increase it by 5% or 10%;
- Dynamic pricing based on sales and price segmentation statistics, taking into account seasonality, price sensitivity factor by SKU, formats, regions up to store clusters, and if you have developed an individual marketing strategy, then to customer segments;
- Separation of predefined pricing software rules and restrictions by front-basket, KVI and back-basket;
- Formation of a price ladder by price range in ecommerce. The differentiation of prices in the range is strengthened by using the ”profit triangle” principle. This allows you to get the maximum from the entire category during self-service;
- Conducting optimized scenario modeling of price change calculations and selecting the most appropriate dynamic pricing matrix for your purposes during the forecasting;
- Prioritizing reprice, in order to reduce the operational load on the online stores when the price minimum margin changes.
With configurable and personalized ecommerce dynamic pricing software, everything is under your control. The pricing tool helps you to set strict limits on dynamic price increases, sales reductions, and minimum profitability for individual SKUs and the entire category, as well as individual baskets.
How Priceva Works
Step 2: Build your product list
- Utilize XML, Excel, or CSV files to compile a comprehensive list of your products.
- Upload and publish your product list within your Priceva account.
Step 3: Add site links
- Add the relevant links to the websites where your products are listed.
- If you prefer, you can delegate the adding to our experienced team.
Step 4: Configure repricing rules
- Establish your repricing strategy using our rule-based repricing system.
- Customize the rules based on the specific needs or various product categories.
For growing businesses
- 100,000 price checks / month
- Up to 40 products
- Unlimited monitoring regions
- Customizable monitoring frequency
- Advanced matching options
- All Business plan features
Pricing and Plans
Business
Pro
For advanced teams
For large-scale operations
$99
/month
Starter
- Repricing module
- MAP/MSRP monitoring
- Marketplace monitoring
- Monitor anti-bot protected websites
- Email alerts
- Export (CSV, XML, JSON)
All core features
Limits:
- Up to 6,200 price checks per month
- Up to 20 competitors/sites
- 1 monitoring region included
- Up to 20 products
Limits:
- 35,000 price checks per month
- Additional price checks - $0.0029 each
- 30 competitors/sites
- Extra competitor - $2.50
- 2 monitoring regions
- Unlimited products
Limits:
- 100,000 price checks per month
- Additional price checks - $0.002 each
- 40 competitors/sites
- Extra competitor - $2.50
- Unlimited regions
- Unlimited products
Limits:
- Custom check volumes (700K+)
- High-performance infrastructure with SLA
- Custom set of features
- Premium support
- Flexible competitor & region limits
- Legal & compliance support (NDA)
- Flexible invoicing
All Pro plan features
- Monitor any country, in any currency
- On-demand monitoring
- Cart price monitoring
- Custom data collection settings
- Matching services
All Starter plan features
- Comparable products monitoring
- Product page snapshots (MAP/MSRP monitoring)
- Dedicated account manager
- Monitoring behind login
All Business plan features
$199
Custom
FREE
/month
Enterprise
/no credit card required
Try before you buy
Priceva's Dynamic Pricing Tool
With our software and pricing tools you can confidently solve a number of important tasks through special functions:
- Extracting additional gross income and raising the profit margin due to the elasticity of demand, i.e., by lowering the price we increase sales volume and thus recoup the losses from the discount;
- Copying the actions of stronger competitors in the struggle for customers, for example, when your competitor makes a promo for every other product in the category, and you repeat after them simply because you are afraid of losing customer traffic.
Empower Your Business with Priceva's Price Tracking Solution
Take charge of your pricing strategy with Priceva's powerful price tracking tools.
Useful Resources
Almost all the well-known e-commerce operators have already started working with our dynamic pricing software, so it’s high time for you to do it too.
Vileda Case: Streamlining Company-wide Pricing Transparency
Discover Vileda's journey with Priceva, harnessing monitoring tool for their innovative cleaning range. Insights from Vileda's key account and territory managers highlight the transformation.
Learn more
Abbott Case: How Price Monitoring Boosts Long-Term Product Sales
Explore Abbott Nutrition's strategic use of price and stock level monitoring for effective long-term planning, featuring insights from their E-commerce Head.
Learn more
Arc Case: Optimizing Efficiency through MSRP Monitoring
Discover how Arc Company's Consumer Goods division enhances efficiency and transparency by monitoring the Manufacturer's Suggested Retail Price (MSRP), underscoring its importance and impact.
Learn more
P2Pet Case: Driving Sales Growth through Competitive Pricing
Uncover the expansive P2Pet project, an all-in-one pet care ecosystem. Learn how daily tracking of their 4000+ product range fuels their sales growth and market strategy.
Learn more Frequently Asked Questions
The software is based on the most efficient machine learning algorithms. Information about prices and their optimization is updated often and regularly.
It is a strategy of changing prices according to shoppers’ demand and their readiness to pay. The competitors’ prices are also considered while developing a pricing strategy.
Yes, our pricing tool software is legal and licensed. With our software, e-commerce retailers don’t take any illegal actions.
First, visit our website. Then follow the instructions, they are simple and clear.
It is special software for ecommerce retailers that helps them change their prices while considering a range of price-formation factors and price actions.
Dynamic pricing is based on both smart algorithms and simple formulas. It is focused on the competitors’ information.
Our software is user friendly and available even for those who have never used dynamic pricing technologies. Also, we offer a wide range of additional options for ecommerce.
