We are driven by the mission to free retailers from pricing routines and save their time for more meaningful things. Numbers speak for Competera: 📌 Up to 8% of recovered revenue 📌 Up to 6% margin loss prevention 📌 Repricing time reduced by 50% In 2 years, our deep learning pricing technology will be the norm, not the exception. Stay ahead of the game with Competera. Watch the video. Learn more about us on the website: https://lnkd.in/eAgqcqj5 #pricing #retail #ai
Competera Pricing Platform
Software Development
New York, New York 3,310 followers
The Right Prices. For The Right Products. Every Day
About us
Welcome to Competera, where we’ve been rewriting retail pricing rules with AI's power since 2017. Gone are the days of struggling with outdated pricing methods. With Competera, you gain access to cutting-edge AI technology that optimizes your pricing decisions, leading to remarkable results for your business. That’s not all. Our platform delivers 1.1 billion annual data points directly to you, empowering you with actionable insights to drive your pricing strategy forward. $60 billion revenue optimized by Competera’s AI Pricing engine speaks for itself. But numbers only tell part of the story. When you partner with Competera, you join a community of forward-thinkers and visionaries, acknowledged as Gartner and Forrester's representative retail pricing and promotion solutions vendors. The pricing expertise you get with Competera will be empowered by our Advisory Council, which includes retail professionals with decades of experience. Moreover, with 32 partners in our network, you get access to the expertise of prominent minds in data analytics, retail solutions, automation, and A/B testing. Say goodbye to long hours spent on repricing – our platform slashes the time from 60 to just 4 hours weekly, tailored precisely to fit your needs with 930 context-specific AI submodels. Our advanced algorithms consider over 20 factors beyond elasticity, backed by an AI model trained on 10 billion transactions to propel your business forward. Our clients experience tangible benefits daily, from a remarkable 6% increase in gross profit to a 98% improvement in matching quality. You will be in good company with 49 clients across 18 countries who share our vision. We also established the Pricing Heroes podcast and the Retail Pricing Community to exchange retail insights and provide you with a knowledge base from top-notch pricing influencers. Let’s talk about the full potential of your pricing strategy!
- Website
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https://competera.ai
External link for Competera Pricing Platform
- Industry
- Software Development
- Company size
- 51-200 employees
- Headquarters
- New York, New York
- Type
- Public Company
- Founded
- 2014
- Specialties
- Dynamic Pricing, Price Analysis, Price Optimization, Price Intelligence, Price Monitoring, Retail Analytics, Competitive pricing, Machine Learning, and Artificial Intelligence
Products
![Click here to view AI Pricing Platform]()
AI Pricing Platform
Pricing Software
AI Pricing Platform helps retailers to set and maintain optimal prices. Having been trained on 10B+ transactions, the Platform provides you with a clear logic of the price recommendation process, fulfills your company goals and KPIs, and predicts key business metrics for your stakeholders. AI Pricing Platform in numbers: - Repricing based on 20+ factors beyond elasticity - Additional 6% Gross Profit - Repricing time reduced from 60 to 4 hours weekly - 930 context-specific AI-submodels AI Pricing Platform Benefits: - Pricing optimization - Markdown strategy - Competitor pricing - Dynamic product assignment - Smart segmentation - Product relationships management - What-if simulation - Powerful analytics Level up your pricing with a time-tested AI Pricing Platform. Contact us today.
Locations
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Primary
Get directions
New York, New York, US
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Get directions
Marina One East Tower #05-01
Singapore, , 018936, SG
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Get directions
Sichovykh Striltsiv St, 72A
Kyiv, , 04053, UA
Employees at Competera Pricing Platform
Updates
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🎯 Exciting News: Fast-growing Ukrainian grocery chain Domashniy Market (160+ stores) chooses Competera to power their pricing transformation and ambitious expansion plans! Discover how our AI platform will help them serve 670,000+ monthly customers with optimal prices while boosting operational efficiency. Read the full announcement here: https://bit.ly/3YG1gNl #RetailTechnology #AIinRetail #PricingStrategy #RetailGrowth
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🎙 A NEW episode of the #Pricing_Heroes Podcast is now live! We're thrilled to welcome Sheetal Chavan, Commercial Pricing Lead at Zalando, one of Germany's largest online fashion retailers. With 6 years of pricing experience and a diverse background across marketing, business development, and operations, Sheetal brings a wealth of insights to the table. In this episode, Sheetal shares her journey into pricing and discusses: - The importance of cross-functional expertise in pricing - Her experience setting up pricing functions from scratch - Strategies for maintaining growth in the face of fast-fashion competition - The critical role of data and technology in modern pricing strategies 🎧 Listen now: https://bit.ly/3YjaSvX Available on: - Apple Podcasts: https://apple.co/3YjR1wD - Spotify: https://spoti.fi/40hK7e6 Don't miss this fascinating discussion on the evolving world of e-commerce pricing! #RetailPricing #EcommercePricing #PricingStrategy #DataDrivenPricing #FashionRetail
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Misaligned KPIs and siloed data can lead to inefficient pricing strategies and missed revenue opportunities. Join Oksana Chypchyruk 齐若薇 at our webinar with Syntax and SAP to learn how to: ➤ Overcome the limitations of your current SAP pricing setup. ➤ Seamlessly integrate Competera's AI pricing platform into your existing environment. ➤ Drive smarter pricing decisions and boost your bottom line. 📅 Date: October 29th ⏰ Time: 10:00 AM EDT / 4:00 PM EET ➡️ Register now and gain expert insights from Francois Potier and Eugene Van Zyl(Syntax), Kara Reed (SAP), Alex (Oleksandr) Halkin ✪ and Oksana Chypchyruk 齐若薇 (Competera Pricing Platform): https://bit.ly/3YqqmQk
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Outdated pricing solutions can hinder your growth and profitability. Join our webinar with Syntax and SAP to discover how to: ✔ Boost profits: Learn how AI pricing can increase gross profit by an average of 6%. ✔Optimize your SAP: Integrate AI pricing seamlessly into your existing systems. ✔Gain expert insights: Hear from SAP, Syntax, and Competera experts. ✔Stay ahead of the curve: Discover cutting-edge pricing strategies for the modern retail landscape. 📅 Date: October 29th ⏰ Time: 10:00 AM EDT / 4:00 PM EET ➡️ Register now and gain expert insights from Francois Potier and Eugene Van Zyl(Syntax), Kara Reed (SAP), Alex (Oleksandr) Halkin ✪ and Oksana Chypchyruk 齐若薇 (Competera Pricing Platform): https://bit.ly/3YqqmQk
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What's the true cost of mispricing a new product? It's more than just lost revenue. Mispricing can damage your brand reputation, erode customer trust, and create missed opportunities for growth. Explore critical aspects of new product pricing, including: ✔ Understanding your target market and their willingness to pay. ✔ Analyzing your competitive landscape and identifying your unique value proposition. ✔ Leveraging AI and data-driven insights to make informed pricing decisions. ➡️ Discover how to avoid costly pricing mistakes and maximize the potential of your new product: https://lnkd.in/dVbuAKqr
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Imagine setting prices for a cruise ship with fixed capacity and fluctuating demand. Tricky, right? We helped a client do just that, achieving: 🌟 Significant profit increases per passenger. 🌟 Reduced operational burden, freeing their team to focus on customer experience. Discover how our custom AI-powered pricing strategies and expert guidance can help your cruise line thrive: https://hubs.ly/Q02S78Zl0
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Our Head of Partnerships, Oksana Chypchyruk 齐若薇, has been invited to speak at E-Commerce Berlin Expo! 🎉 Let's help her take the stage and share the Competera story. Cast your vote for Oksana to learn about the hidden potential of AI pricing: https://lnkd.in/eV9S8gyB #ecommerce #AI #pricing #retail #ecommerceberlinexpo
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Is your data holding back your AI initiatives? Many companies struggle with data quality and consistency, especially when adopting AI. Our Chief Technology Officer Eugene Naydenov shares how modern data management and the Data Mesh approach can turn this challenge into a competitive advantage for retailers. Read Eugene's insights here: https://bit.ly/4dl1ai7
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