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 3,217 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 Gone are the days of struggling with outdated pricing methods.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
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
New York, New York, US
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Marina One East Tower #05-01
Singapore, , 018936, SG
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Sichovykh Striltsiv St, 72A
Kyiv, , 04053, UA
Employees at Competera Pricing Platform
Updates
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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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🎙 A NEW episode of the #Pricing_Heroes Podcast is live! Join us as we chat with Maciej Kraus, Managing Partner at Movens Capital and author of the forthcoming book 'Pricing Decoded: How Leading Pricing Practitioners Manage Price to Boost Profits.' Maciej is joined by our own Alex Galkin ✪, Founder & CEO of Competera, for an insightful discussion on building strong pricing practice within organizations. In this episode, Maciej and Alex dive into the inspiration behind 'Pricing Decoded,' explore the key elements of robust pricing capabilities, and discuss common challenges in price management. They also share insights on building an effective organization and navigate sensitive issues like dynamic pricing. 🎧 Tune in now: https://bit.ly/3zxuQLa Available on: - Apple Podcasts: https://apple.co/3N06Cwk - Spotify: https://spoti.fi/4gSgc2b #PricingStrategy #ValuePerception #RetailPricing #BrandStrategy #PricingOrganization #AIPricing #Retail
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🚀 Lyreco Implements Competera's Competitive Data for Enhanced Pricing Precision We're excited to announce our partnership with Lyreco Group, a leading workplace products distributor. Lyreco has chosen Competera to provide competitive insights across 25 countries, enhancing their ability to offer optimal pricing on over 77,000 products by utilizing real-time market data. Learn more about how this collaboration is advancing Lyreco's strategic pricing: https://bit.ly/4drQej7 #Competera #Lyreco #RetailInnovation #PricingStrategy #CompetitiveInsights #IntelligentPricing
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Retailers today face growing challenges in managing data effectively, from outdated legacy systems to complex, disjointed processes that slow down decision-making. In this Forbes Technology Council article, Competera's experts share how overcoming these obstacles can lead to smarter pricing and streamlined operations. We are proud of our team’s expertise and impact: Antony Belonozhenko, Mykhailo Hliba, and Lena Boichuk. Read the full article for more insights! https://bit.ly/3To2qKw
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Developing a smart pricing strategy is just the first step—but without clear pricing objectives, even the best plans can fall short. Our latest article explores the importance of setting pricing objectives with real-world examples and seven key goals every retailer should consider to drive growth and profitability. Defining the right pricing objectives can turn your strategy into long-term success. The link to the article is in the first comment.