Price Edge

PriceEdge is a cloud-based pricing optimization and management software that helps businesses create, manage, and optimize their pricing strategies. The platform offers a comprehensive suite of tools for pricing activities, including competitor price tracking, AI-driven price optimizations, price management, and price analytics.

Key features:

- Price Management: Create custom pricing strategies, access a library of best practice pricing strategies, ensure transparency in pricing logic, and manage thousands of prices on multiple price lists.
- AI-Driven Price Optimization: Utilize automatic price calculations and suggestions, benefit from dynamic recalculation as conditions change, and implement automatic or manual approvals.
- Competitor Price Tracking: Deploy and scale price crawlers on demand to track and collect competitor prices using built-in price crawling software.
- Price Analytics: Access advanced price and profit analytics, move from general to detailed analysis, and analyze aggregated data down to single transactions.
- Quoting Software: Quote the right price in deals and easily manage price agreement updates.
- Integration Capabilities: Leverage a REST API for easy system integration and automatic web integration for AI features.
- Workflow Processes: Streamline pricing operations across the organization.
- Chrome Extension: Enhance browser-based pricing activities for improved efficiency.
- Custom Reports: Generate tailored pricing reports to suit specific business needs.

How it works:

1. Users access the PriceEdge platform via a web application.
2. They select from pre-built pricing strategies or create custom ones using the platform's interface.
3. Users set up price rules and logic for their products or services.
4. The AI-driven optimization engine calculates and suggests new prices based on various factors.
5. Prices can be approved automatically or manually, depending on user preferences.
6. The platform integrates with existing systems through its REST API, allowing for seamless data flow.
7. Users can track competitor prices using the price crawling feature.
8. Advanced analytics tools provide insights into pricing performance and profitability.

Integrations:

PriceEdge offers a REST API for integration with various systems.

Use of AI:

PriceEdge leverages AI for price optimizations, including automatic price calculations and suggestions based on various factors. The AI component also allows for dynamic recalculation as market conditions change.

Target users:

- Mid-size to large companies dealing with thousands of items
- eCommerce businesses
- Industrial manufacturing companies
- Commercial distribution firms
- Aftermarket service providers
- Consumer packaged goods companies

How to access:

PriceEdge is available as a cloud-based web application. Users can access the platform through their web browsers after subscribing to the service.

Applicable Industries:

Retail, Manufacturing, Distribution, eCommerce, Consumer Packaged Goods, Aftermarket services