Spresso is a generative pricing tool that uses machine learning, AI and other advanced analytics techniques to optimize retail pricing. It can analyze real-time performance data to make pricing decisions at the SKU level. Features include multi-armed bandit experimentation, promotion and discount pricing, and SKU-level insights that can result in a 44% profit boost. It can connect to big e-commerce sites and is geared for e-commerce pros trying to meet business objectives.
Another strong contender is Quicklizard, a dynamic pricing tool that uses machine learning and AI to generate pricing recommendations. It can align pricing across multiple sales channels, track competitors and synchronize pricing across multiple sales channels. That can help retailers stay competitive. The company offers different pricing plans for different business sizes, including Quicklizard Light, Advanced and Enterprise editions.
Particl is an automated competitor intelligence system that supplies real-time data that retailers can use to compare products, find opportunities and set the best price. It offers features like real-time sales and pricing data, competitor tracking and customizable pricing plans. It's geared for retailers that want to understand market trends and optimize their pricing.
For a more prescriptive approach, Profitect offers a system that uses machine learning to help retailers and CPG companies improve profit margins. It offers alerts and recommendations to help retailers optimize operations in areas like inventory, sales and exception-based reporting. With connections to multiple departments, Profitect can help businesses achieve double-digit improvements in sales, margin and labor efficiency.