TGNData Alternative: Check if there is a better substitute to it
- 01 January 2022
We can all agree on the fact that the e-commerce world is skyrocketing nowadays and there are lots of new companies on the market every year.
More companies mean more competitors, from which customers may choose their products. There’s no secret that customers often make their purchase decisions based on the price of given products. That’s why you should keep track of both your and your competition’s assortment and pricing strategies.
That’s why 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 TGN Data alternative, you’ve come to the right place.
This article will provide all the information needed to choose whether Dealavo or TGN Data suits your company better. We will go through basic and advanced features comparison, costs, and many more aspects to give you a solid view of what’s best for your needs.
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.
Better recognition of the market means setting up more accurate prices. What’s the outcome? More revenue may be created. That’s why repricing has gained so much popularity over the last few years in e-commerce.
Repricing is the best way to efficiently stick with the implementation of a given pricing policy.
Both TGN Data and Dealavo enable their clients to track and develop new prices, based on accurate data about competitors’ prices and assortment changes and demand rotations.
What’s easier to use – TGN Data 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.
TGN Data is a handy tool that has a very wide range of functionalities. Its focus is put mainly on price and assortment intelligence reports, price tracking systems and reporting.
With its advanced price tracking and assortment intel systems, TGN Data supports enterprises’ pricing decisions in Retail, Distribution and Service.
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 TGN Data alternative – essential features
Regarding TGN Data alternative, Dealavo would fit in well in almost every e-commerce business possible, because of its universal purpose and features that go beyond expectations.
Both Dealavo and TGN Data enable essential features like:
The Open API feature, also known as Public API, allows third-party developers to take action and modify the software’s settings to meet clients’ expectations.
It also allows fully connecting price tracking software with the one that has been used by the client earlier. It may be a life-saving process for managers that are used to the old software.
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?
Both Dealavo and TGN Data enable offline stock pricing.
It gathers data not only from e-stores but also from stationary ones. That’s a functionality that makes a huge difference in the price tracking tools market, as only a few of them come with such conveniences.
Both Dealavo and TGN Data enable advanced E-shops tracking. What it basically does is monitor all of the e-shops and e-commerce brands that are perceived as direct competition.
They gather data directly from given online shops to provide clients with exact data about competitors’ changes in the pricing structures, new assortment introductions and much more vital information.
The Machine Learning component has to be one of the most advanced features when it comes to price monitoring software.
This AI-type system not only tracks and analyses the data but also recognizes the patterns, learns from them and comes up with new improvements based on the historical influence that given actions have had.
Both Dealavo and TGN Data ensure their clients with high-quality ML Component.
TGN Data and Dealavo – advanced features comparison.
If you operate in the e-commerce world, you probably already know that there is one thing that’s undeniably crucial.
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:
- Cloud solution
- Open API included
- Instant software implementation
- Advanced Repricing / Dynamic Pricing
- Historical pricing tracking included
- Banner monitoring included
- Free trial
- Online and Offline stock tracking
- Promotion tracking included
- Additional QA human verification
- E-shops tracking
- Matching by EAN, GTIN, ASIN and many more