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 3,383 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 Gone are the days of struggling with outdated pricing methods.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
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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Small price changes can have a huge impact on your bottom line, making price elasticity a secret weapon in the battle for market share. Our white paper delves into the nuances of price elasticity, helping you understand how different products and customer segments react to price changes. Read now: https://hubs.ly/Q02ZwDrV0
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💥 Black Friday is just around the corner, and the competition is fierce. Don't get caught in a race to the bottom! Find out how to win with strategic pricing, not just discounts: https://bit.ly/3Olqnz1
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Our Head of Partnerships, Oksana Chypchyruk 齐若薇, explores how SAP retailers can leverage AI to optimize pricing, boost revenue, and improve customer satisfaction. Learn how Competera and Syntax's seamless integration delivers smarter, faster, and more effective pricing management.
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🎯 The Range, UK's Leading Home and DIY Retailer with £1.25B Revenue, Accelerates Market Intelligence with Competera! Following our successful implementation for its sister company, The Range has chosen Competera's AI-powered solution to strengthen their competitive position through automated, real-time monitoring of 4,800+ products across 25 competitors, enabling data-driven pricing decisions at scale. Learn more: https://hubs.ly/Q02XWBR00 #RetailTechnology #CompetitiveInsights #PricingStrategy #RetailInnovation
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🎯 Leading Ukrainian Grocery Chain Torba Transforms Pricing Strategy! Torba has chosen Competera's AI platform to enhance customer experience and strengthen their market position. Our solution will help them build stronger price perception, boost revenue, and save up to 80% of pricing operations time. "We chose Competera because we are confident that they will help us optimize pricing and increase overall revenue." - Yulia Marchenko, Operational Director at Torba Learn more: https://hubs.ly/Q02XWty50 #RetailTechnology #AIinRetail #PricingStrategy #RetailGrowth
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🎉 Exciting news! Competera has been nominated for TWO prestigious VIP Awards: 🏆 VIP Challenge Award - For revolutionizing retail with AI-powered pricing 🏆 Retailer's Favorite Award - For exceptional partnership excellence Register and vote in just 60 seconds. Voting closes on November 22nd, so your vote today makes a difference! Vote now: https://bit.ly/3Z4Wvft We look forward to celebrating with everyone at the Vendors in Partnership Awards on January 10, 2025 in NYC! #VIPAwards #RetailTech #AIinRetai
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Missed our insightful webinar with SAP, Syntax, and Competera? We've got you covered. This recap explores how to overcome pricing challenges and maximize profitability with AI-powered pricing seamlessly integrated with your SAP system. Key takeaways: - Drive strategic growth: Learn how AI can help you achieve optimal price positioning and increase profitability. - Enhance decision-making: Leverage data-driven insights to make smarter, faster pricing decisions. - Optimize your tech stack: Seamlessly integrate AI pricing within your existing SAP landscape for increased efficiency. Dive deeper: https://bit.ly/4frBsu8 Expert insights from: Francois Potier & Eugene Van Zyl (Syntax) Kara Reed (SAP) Oksana Chypchyruk 齐若薇 (Competera Pricing Platform) Alex (Oleksandr) Halkin ✪ 🇺🇦 (Competera Pricing Platform)
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That's a wrap on EHI Technologie Tage 2024! A big thank you to Andreas Lorenz, SVP of Retail, for sharing his expertise and leading engaging discussions on how Competera helps retailers: ▶️ React to market changes in real time. ▶️ Deliver personalized promotions. ▶️ Boost profitability. We also want to extend our gratitude to our partners at LNConsult GmbH for their collaboration and support at the event! 🤝
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What an incredible day at Retail Day in Paris! Huge thanks to Syntax and SAP for hosting such a fantastic event. We had a blast connecting with fellow retail professionals and sharing how Competera's AI-powered pricing solutions can seamlessly integrate with the SAP ecosystem. Thanks to all who connected with Alex (Oleksandr) Halkin ✪ and Oksana Chypchyruk 齐若薇 for insightful discussions on the future of retail pricing! Until next time!
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