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What Is Price Intelligence Software?

Price intelligence is the possibility of tracking and analyzing competitors’ moves. It helps with various pricing decisions since it scans market in terms of pricing data.

It’s important to connect pricing intelligence with evaluation, analytics and reporting since without these key operations, it’s just loads of data.

Intelligence can be gathered by different data mining methods and it main objective is to get to know how competitors set their base prices for different products.

 

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Why Is Price Intelligence So Important For E-Shops?

Nowadays e-shops should be up-to-date with market changes and should act quick in order to be successful and stand out from competitors.

Doesn’t metter if you are a small retailer or a brand manufacturer – you should get as accurate price and market intelligence as possible.

Effective Pricing Intelligence Software will give you possibility to undersdtand the market, observe your competition, protect profit margins and assess assortment range trends.

Without that, you may oversight what’s most important for your business.

 

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We monitor your competitors’ prices

 

Price Intelligence and Dynamic Pricing

There are many factors that make an e-commerce brand successful. One of them is how good it manages the price changes that occur on the market. The better the price adaptation process runs, the better a brand ranks against its’ competitors.

That’s why dynamic pricing is so important for e-brands nowadays and price intelligence plays a huge role in the process of setting precise repricing strategy.

Software that provides pricing intelligence delivers tons of accurate up-to-date and historical data on market and competitors’ prices. It enables businesses to set as well-fitted dynamic pricing strategy as possible.

Dealavo has all-in-one solution for setting accurate dynamic pricing and price intelligence strategies.

 

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MSRP/MAP Monitoring and Brand Protection

MSRP and MAP monitoring is another very important aspect of market tracking that scans your competitors in search of any negative price variations.

Price intelligence software is what alerts you whenever any of your retailers undercut your MAP frequently. It also allows you to analyse historical trends in search of patterns in repeated MAP undercutting.

Pricing intelligence is also crucial when it comes to brand protection as it monitors how retailers present your products and spots unauthorised distributors or counterfeit merchendise.

 

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Dealavo’s Price Intelligence Solutions

Dealavo Price Tracking Software provides a wide range of Price Intelligence features that will help you in outrunning your competitors.

Our Pricing Intelligence Software delivers accurate:

  • products’ details
  • repricing system
  • offline and online stock pricing
  • promotion monitoring
  • historical and up-to-date price data
  • distribution reports
  • competitor’s assortment reports

 

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FAQ

Does Dealavo provide high-quality Price Intelligence?

Yes, Dealavo ensures all types of e-stores with immediate data about any given market aspect.
In Dealavo we enable e-shops to track similar products and we provide a very high refresh rate (only 10 minutes between each price update of some products).
What’s more, we use both manual and AI-driven systems to ensure high-quality data and an immediate alerting system so that nothing relevant goes unseen

How much does the Price Intelligence system cost?


At Dealavo you pay just for the price monitoring of the products you follow. Our service prices are discussed individually, as it depends on the volume of your assortment and the monitoring range.

There is no universal price, but don’t worry, you will not be disappointed.
We offer a 7-day trial, and after handing over the product feed to us, we will set up your account immediately, so you can start your first analysis on the spot.

How often can the system update the prices in my shop according to the price rules?


Thanks to the Dynamic Pricing platform and all the collected data, our algorithm can recommend a price that will attract the client and guarantee optimal profits. The system update may occur even a few times a day.

What input does Dealavo need?


Essential parameters are:
– product name,
– EAN (CounterPrice only),
– product ID.

Gross purchase price is also highly recommended, as that enables the user to set limits of suggested prices based on a minimal margin or markup.

Where does Dealavo share price recommendations?

Dealavo generates gross retail price recommendations according to the price rules set by the client, and shares them in a gross retail price for the shop field.

 

We ensure a successful cooperation

 

  • Kasia, Customer Success Manager Kasia, Customer Success Manager
    I believe that better relations with clients equal a greater success for both sides. It’s very satisfying when I can help a client to maximize his values with Dealavo and achieve his long-term goals.
  • Ola, Customer Success Ola, Customer Success
    When it comes to contact with clients, the crucial part is kindness and an individual approach – an attempt to build a strong business relationship based on the client’s needs. At Dealavo we care for our clients success, that is why we do our best to make their work easier, by providing accurate data to simplify decision making process.
  • Kasia, Customer Success Kasia, Customer Success
    In my job with clients, the most important factors are good relations and trust so I can show them the actual benefits of the cooperation. It’s hugely satisfying to implement solutions together and assist the clients with their daily work as well as their business development. It’s amazing to watch them growing.
  • Monika, Customer Success Monika, Customer Success
    The favorite part of my job is contact with people. It’s satisfying to help the clients and meet their needs. I enjoy being the client’s “voice” at Dealavo and taking care of the constant growth of our product. Happy client = happy me 🙂

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