6 Best Automated Pricing Software to Find the Right Price

November 2022 · 6 minute read

Skuuudle brings you the technology and the intelligence that helps users to create smart strategies and find the perfect price.

It helps improve the pricing and advertising strategy for users through business-ready competitive skills. Moreover, it offers high-quality intelligence that’s always on time with a complete service level agreement.

The best part is this automated pricing software offers human quality guaranteed data. All the reports generated by the software are evaluated by an experienced QA analyst at the final stage.

This helps you focus on the decision-making process. Furthermore, it offers dedicated account managers who are intelligence experts.

They are ready to help with trusted information, allow you to act with confidence, and win against the opposition.

Coming back to the software, it collects competitor data from any source and location whenever you want and as many times as you want so that you can have a clear picture of the market.

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Take a look at Skuuudle’s best features:

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The sole intention of Informed is to help increase profits for an e-commerce business and help the consumers stay in the buy box.

This automated price optimization software is especially useful for sellers looking for easy setup and manual support.

It’s known to automate price revisions with tried and tested planning and make use of analytics to delve into new possibilities.

The program has been simplifying the complex process of repricing for around a decade. It can be set up quickly and integrates easily with marketplaces and prices.

It also helps businesses fix a preferred profit margin and observe where the majority of the revenues are coming from.

The tool comes with pre-developed algorithms that help users take over the Buy Box fight. It also helps maximize the users’ private label listing prices.

The software comes with a set of customs regulations that confines the competition using the completion technique, the rating of the sellers, and more.

Best of all, it syncs with the eCommerce wizards and extracts actionable reports to find growth possibilities.

Here are a few of this tool’s best features:

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Competera helps retailers reach business goals by providing competitive data scraping, price optimization, and pricing automation solutions that help omnichannel retailers manage and adjust pricing at the category level for any number of SKUs.

It is built using Deep Learning algorithms and ensures tangible uplifts up to +9% for the bottom line.

This software provides fast, flexible, and coherent pricing, carefully defined by workflows and comprehensive cause & effect analysis.

With Competera, users can interpret any pricing move made in the past and understand how it will affect the business in the future. 

Therefore, your business will benefit from a tailored pricing logic that will harmonize prices across all channels and product categories. 

Competera will also reduce pricing efforts by more than 50%, as well as eliminate human factors and errors from the process.

You will also be able to set up prices faster, in concordance with the internal or external triggers like changes on the market, internal pricing structure, and formations, vendors’ terms.

Depending on the pricing engine, your prices can be rule-based, i.e. recalculated upon external data changes or be optimized by Deep Learning algorithms that take into account price elasticities and cross-product dependencies.

At the same time, every Competera solution helps to shift to a portfolio-level approach, with the category goals being a top priority.

The pricing platform has a user-friendly interface that is comprehensive and built for pricing and category managers to manage repricing in 4 clicks.

Such a smooth user experience reduces the usual repricing time spend from 60 to 4 hours weekly. 

Custom export formats will ensure full compatibility with all of your current systems, so support is not an issue when it comes to Competera. 

Here are the software’s main features

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Best tips for a successful eCommerce business

If you are running an eCommerce business, optimizing profits is one of the crucial aspects not to be missed.

However, there are a lot of aspects that you need to focus so here are our recommendations.

Start a loyalty program

Rewarding your customers for their repeated purchases is one of the most important things to do if you want to increase your sales and number of customers.

Develop a loyalty program to provide incentives for customers. Not only they will be happy about the incentives but they will also recommend your store to others.

According to a study led by Superoffice.com, the customer experience is the most important focus for businesses in the next 5 years.

Communicate with the customers

Although automation and pricing software gives you a head start, these tools will let you focus on the most important things.

And communicating with your customers on all possible platforms is one of the key ingredients for a successful business. Answer all their questions and requests as quickly as possible.

Focus on the experience

Whatever product you’re selling, you’re not doing just that, you’re selling an experience of the customer with the product.

So, focus on that, not on the product itself, and try to differentiate your product from the competitors.

Use any of the above best automated pricing software tools to help your customers find products with the best price. This will not just help you win convert customers, but also win their trust.

And as your venture grows, you might be interested in the best automated hiring software to get the best staff for your business.

Have you tried any of these tools? Tell us about your experience in a comment on the dedicated section below.

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