Smart Price Optimization and Management Alternative: meet Dealavo
- 29 January 2022
Price tracking software is a crucial tool in today’s e-commerce world. The better data about your products’ price you have, the more ahead of your competitors you are.
If you are looking for a Smart Price Optimization Management (PROS) alternative, you’ve come to the right place.
This article will provide you with all the information needed to choose whether Dealavo or Smart Price Optimization Management meets the needs of your company better. We will go through all the factors that differentiate both tools such as essential features, advanced functionalities like ML Component, costs, and many more important aspects.
Dynamic or static pricing?
That’s a very important question that a business owner has to ask himself when it comes to setting a price strategy.
Static pricing is a traditional model in which a product’s price is fixed and has to stay the same even if market trends and competitive prices are fluctuating. It’s good to choose this strategy as a manufacturer since it gives the opportunity to establish one price for every customer on any given terms.
On the other hand, dynamic pricing is a model that gives the opportunity to change products’ prices multiple times, as soon as a product’s price starts to fluctuate due to competitors’ moves or demand changes. This strategy is widely used in the e-commerce sector since it’s known for dynamic price changes and demand-dependent pricing models.
Therefore dynamic pricing gives the control of changing prices at any given moment. Powered by Machine Learning Component it can not only gather tons of data but also recognize the patterns and adjust future changes for even greater revenue.
What’s easier to use – Smart Price Optimization Management or Dealavo?
Ease of use is probably one of the most underrated features when it comes to price tracking software. At first, it might seem logical because everyone expects the tool to accurately track competitors’ prices and nothing besides that.
However, after some time of using a tool that is really complicated and only experienced managers can make use of it, frustration takes over. That’s why ease of use should be one of the key factors when deciding to choose software for your business.
While choosing the best price tracking software it is also vital to differentiate a company’s primary goals. If a tool is well-matched with a company, it’s naturally easier to use. It’s also important to state, that there is no software that fits into every business and every industry.
Smart Price Optimization Management is a price monitoring software created mainly for sales, prices and e-commerce teams. It delivers personalized prices for every buying experience, making each selling process seem as individually tailored as possible.
PROS also helps with the efficient synchronizing of prices across the brand’s multiple channels and locations.
Dealavo’s twofold structure (divided into brands and e-shops) allows it to meet the company’s profile and main needs.
Dealavo is a very handy tool that can be used in a very wide spectrum of businesses, gathering tons of data from different e-commerce channels and presenting it in the most convenient way, so that even beginners won’t feel overwhelmed with it.
It’s not only useful in the everyday price tracking process but also while planning long-term pricing or distribution strategy. All this makes Dealavo a great, intuitive tool for e-commerce brands but also a universal solution for businesses with completely different missions and goals.
Dealavo as a PROS alternative – essential features
Regarding Smart Price Optimization and Management alternative, Dealavo would fit in well in almost every e-commerce business possible, because of its universal purpose and features that go beyond expectations.
Dealavo compared to PROS stands out with features like:
Offline stock pricing
Nowadays almost every price monitoring software enables its clients with online stock pricing. It’s the offline stock pricing that makes the difference. What does it mean then? Dealavo, providing offline stock pricing, gathers data not only from e-stores but also from stationary ones. Having both options as its functionalities lets Dealavo get ahead of similar tools like PROS.
There are shops in the e-commerce sector that drastically lower the prices in order to attract new clients, causing price wars and brand prestige to decrease. Dealavo helps businesses monitor and protect their brand’s good name.
While Smart Price Optimization and Management focuses mainly on delivering precise pricing strategies and data gathered from different sources, Dealavo efficiently tracks e-shops and delivers data from them in the most convenient way. It gains all the principal intel such as average prices, lowest prices, and supply changes so that the profit can be maximized while the risk is getting minimalized.
Additional QA human verification
Let’s be honest – no matter how good software might be, it will always make small mistakes. That’s where Dealavo stepped up with their Additional QA human verification.
ML Component and the AI systems might be gathering data, recognizing patterns and predicting future outcomes, but there’s always a human brain that catches the smallest errors if algorithms get stuck. Dealavo has a separate team to manually verify all the collected data from different sources. The combination of ML component with human verification is what puts Dealavo in the driver’s seat.
Smart Price Optimization and Management and Dealavo – advanced features comparison.
If you are in charge of an e-commerce store or brand, there’s one thing that’s undeniably key for you.
It’s a range of advanced features you can use, that will get you ahead of your competition. A wide spectrum of basic and advanced features can provide great improvements in your brand’s pricing strategy.
Take a closer look at the data comparing crucial features across both tools:
There is quite a difference between Dealavo and Smart Price Optimization and Management when it comes to price.
For all the functionalities that Dealavo offers, the price of the software starts at 140$ per month.
On the other hand, PROS charges their clients in three editions:
- Essentials – $ 6,250 per month
- Advanced – $ 14,000 per month
- Ultimate – requires individual pricing