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PriceEdge

Name: PriceEdge
Rating: 4.5 (2 reviews)

By PriceEdge

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Highlights : About PriceEdge

Third party integration

Secure data storage

Rules-based workflow

About PriceEdge

PriceEdge is a price optimization tool for creating, managing, testing, and rearranging price strategies with modules for data collection, price strategy creation, and analysis. The three modules within PriceEdge - Collect, Price, and Analyze - provide the tools for collecting data on competitors pricing, creating the price logic that works best for the business, and analyzing the effect of implementing new pricing strategies. PriceEdge’s Collect module allows users to monitor their competitors by deploying a crawler to collect and track price information from competitor websites. Data collected by the crawler is stored within the PriceEdge system and price suggestions are automatically generated based on the data. To facilitate the creation and implementation of new price logic, the PriceEdge Price module combines market data with attribute-based pricing to calculate the best price logic for the business. Users can define dynamic rounding rules, minimum margin rules and more, and price strategies can be categorized and filtered for ease of organization. Within PriceEdge, periodical price revisions can be scheduled and workflows can be automated with the aim of making day-to-day pricing as smooth as possible. The PriceEdge Analyze module allows users to test new pricing strategies to track the effects of new plans and simulate proposed price logics to visualize their predicted effect before implementing them. Reports can be provided to indicate areas for price improvement as well as to measure current price effectiveness, and provide an overview of price impact over time.

Specifications

24/7 Support

Yes

Business Size

Mid-Market

Deployments

Cloud

Language Support

English

Platforms

Product Details

Features

Pricing analytics

Competing product analysis

Channel analysis

Price list management

Price optimization automation

Price plan management

Price strategy management

Predictive analytics

Rules-based workflow

Secure data storage

Summary reports

Third party integration

Workflow management

Benefits

Gain understanding on how new price strategies are performing with price testing analytics and view simulations to predict how price changes will affect the business before implementing them.

Get actionable price insights with reporting and view analytics on pricing in terms of margin and discounts using report templates for metrics such as net sales index, margin index, sales discount, cost index, price effect, price change, and more.

Collect data on and track competitors pricing by crawling websites and portfolios, and create pricing strategies based on the data collected. Feed competitor data into the PriceEdge platform and view automatically generated price suggestions in response.

Structure a business price portfolio in order to organize and categorize products, define and assign price differentiating attributes, structure groups and folders, and easily manage prices for new products.

Benefit from the PriceEdge API to facilitate integrations with third party applications such as ERPs or PDMs.

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