Spresso

Spresso is a new generative pricing solution that uses machine learning, AI and advanced analytics to optimize retail pricing. It analyzes real-time first-party SKU performance metrics to help businesses make the best pricing decisions to maximize profit and revenue.

Spresso empowers users to get the most out of their assortment with a dynamic pricing agent that continuously learns and adapts to SKU performance and market trends. Key features include price optimization through multi-armed bandit experimentation, promotion and discount pricing, SKU level insights, elasticity, and integration with product feeds like Google and Facebook.

Users can tap into advanced analytics models through Spresso's proprietary event tracking. The platform offers flexible integration options, including event data and catalog sync, so you can easily manage catalog changes. Spresso is designed to integrate with a wide range of ecommerce platforms, ensuring a seamless user experience.

For retailers, Spresso is designed to overcome common pricing challenges by providing real-time insights that drive profitability. Customers have seen impressive results, including a 44% increase in profitability and beating margin goals.

Pricing for Spresso starts at $1,500 per month and includes unlimited seats, advanced analytics, dedicated customer support, integration help and a sandbox environment. The platform is available as Shopify Plus and BigCommerce apps, making it easy to plug into existing ecommerce infrastructure.

Spresso's generative pricing approach allows businesses to continuously adjust prices based on market conditions, ensuring the best-performing prices are always shown. It's designed for ecommerce professionals, including digital, finance, merchandising and pricing teams, who want to get the most out of their SKUs and drive business results.

Because Spresso uses first-party data and doesn't collect customer data, it means that businesses can make pricing decisions based on real-time market insights, not personal identifiable information. This approach allows retailers to protect their margins while running targeted promotional campaigns.

To learn more about Spresso and how it can help your business, check out their website for a demo and explore case studies that highlight real-world results.

Published on August 9, 2024