Excel vs. PRICEXPERT
Enable clearer insights into winning strategies.
- Turn raw data into pure profit.
- Apply a repeatable methodology and accelerate your pricing process.
- Publish pricing decisions with confidence.
- Be a price leader instead of a follower.
The only barrier between you and expert guidance is the right solution
Manual pricing analysis needed for prescriptive guidance takes time. In this hyperdynamic retail environment, you can’t afford that much time. There are simply too many decisions, too much data, and way too many variables to expect consistent results from a spreadsheet and a sharp pencil.
When you rely too much on “manual methods,” you must rely on simple rules to raise or lower prices across-the-board. Simple rules mean lost revenue. Price changes without intelligent analysis means missing margin goals. Without real intelligence as a guide, retailers tend to reprice when they shouldn’t or over-compensate (up or down) when there are sudden moves in their market.
With manual analysis and pricing, there are barriers to what you can accomplish. You’re limited in your ability to react accurately. You are limited in in your ability to intelligently analyze and price thousands of products. Manual pricing means unnecessary inefficiencies that slows responsiveness and erodes revenue and profitability.
Automation with expert analysis and pricing
PRICEXPERT offers multiple advantages. By automating data collection and processing, you can apply very specific, market-aligned rules for every product and product groups – just by clicking a menu item. PRICEXPERT automation gives you drill down into the micro-market and individual product level if you so desire. You can quickly plan for specific seasonal and event-driven market changes. Management can assert more control because they have a much better understanding of how their pricing strategies will impact the future. All of this you can do – at a fraction of the time it takes manually.
Don’t let antiquated tools hold you back.
Forget Excel. Imagine what you could do with the power of PRICEXPERT. You’ll hammer through thousands of products and months of buyer behavior data – in minutes. You’ll surpass your competitors with market-aligned, bundle-specific pricing guidance in a fraction of the time that you’ve done in the past. You’ll be fast, efficient, and intelligent. You’ll be agile.
Another advantage of automation: you’ll know more about what’s really driving your customers to buy product and why they keep coming back to you. You’ll spend less time worrying about analysis and spending more time doing what you do best — selling.
ACCESS THE DATA FLOW
Use the flow of data that you already generate in your daily sales activity. Take what you learn from saved price routine data to build a case for re-execution into the future. Turn deep analytics into simplified data models that are unique to your business and competitive environment.
OPTIMIZE YOUR DATA
Sometimes, data trends will show you what appear to be obvious answers: act on them. Do you change product mix or discount? Do you increase prices or leave them alone? Test your assumptions without spending days or weeks on a spreadsheet. Retest your pricing models as often as it takes to get the right one.
PRICEXPERT will help you achieve the right balance between profit and revenue. Imagine the combined power of your pricing data and automation typically only enjoyed by Fortune 500 retailers. Merge competitor data, tens of thousands of products, and your business strategy – without ever breaking a sweat. You’ll be equipped to act with confidence toward greater profitability.