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 3,166 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 Gone are the days of struggling with outdated pricing methods.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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🚀 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.
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🎉 Success is built through strong partnerships. We’re deeply grateful to collaborate with exceptional partners who trust us to drive meaningful results together. Watch the testimonials here and discover how the partnership with Competera can make a difference. Together, we’re shaping the future of pricing! 🙌 https://bit.ly/3ZdCftH
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🎙 A NEW episode of the #Pricing_Heroes Podcast is out! Join us as we chat with Melina Palmer, founder and CEO of The Brainy Business and author of 'The Truth About Pricing.' Melina shares her expertise in behavioral economics, explaining why pricing is about much more than numbers—it's about the perception of value. In this episode, Melina dives into the psychology behind pricing, with fascinating insights from brands like Hermes, Supreme, and Costco. She also offers practical advice on how to set prices that truly resonate with your customers and how to use behavioral science to boost your pricing strategy. 🎧 Tune in now: https://bit.ly/3TabTVv Available on: Apple Podcasts: https://apple.co/4cN4gLN Spotify: https://spoti.fi/3T78pDe #BehavioralEconomics #PricingStrategy #ValuePerception #RetailPricing #BrandStrategy
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Increasing sales and profitability doesn’t have to be a challenge 🙌 Our article breaks down 8 effective strategies that can help you achieve sustainable growth. Learn how to optimize your pricing, engage customers, and explore new opportunities. Read the full article: https://bit.ly/3T3EaNA #SalesGrowth #RevenueBoost #Competera
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📢 Our Head of Partnerships, Oksana Chypchyruk 齐若薇 has shared four reasons why businesses should consider accessing Competera on Google Cloud Marketplace. In short, this partnership is a game-changer. Read the full article to understand how to optimize your pricing strategy cost-effectively, reliably, and confidently. #CloudInnovation #PriceOptimization #GoogleCloud #RetailTech
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🔍 Want to elevate your pricing strategy with accurate, real-time data? Competera's Competitive Data provides enterprise-level datasets of competitors' pricing, giving you a comprehensive market view. With a 98% SLA, on-demand data, and transparent pay-per-use billing, you can effortlessly uncover trends, optimize pricing, and make informed decisions. Discover how our Competitive Data can benefit your business: https://bit.ly/4cjAyxw
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📊 Struggle to enhance your market positioning with accurate and timely data? Competera’s price scraping software delivers unmatched data quality, helping retailers make informed pricing decisions and improve profitability. Don't let outdated data hold you back — learn more about the solution here: https://bit.ly/4fm3g3L #PricingStrategy #CompetitivePricing #PriceScraping
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