Smart Pricing System (SPS)

An IT solution for simulation and prediction of the prices of goods, objects, or services.
  • Manage the dynamics of pricing
  • Boost your sales without increasing costs
  • Reduce the impact of the human factor

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about the smart pricing system

Structure of the Smart Pricing System

The SPS comprises three blocks: statistics, prediction, and recommendations

Statistics

  • Reports of any level of detail or degree of aggregation
  • Interactive and demonstrative dashboards showing sales dynamics, customer activity, and price level

Prediction

  • Predicting the situation for the next month with any level of detail, for the entire market, for each commodity, object, or service
  • Identification of potential hidden patterns in existing data

Recommendations

  • Recommendation on price policy and rates are set up and dynamically modified subject to customers’ needs.
  • Manual or automatic adjustment of the strategy for indexing prices

Solution Capabilities

The SPS comprises algorithms that self-train based on accumulated data and works in real-time.

  • Decreasing labor costs on pricing of goods and services
  • Automating the process of price list creation
  • Simple and faster calculation of discounts
  • Tracking sales dynamics; sales targets analysis
  • Analysis of competitors' pricing policies
  • Refining the frequency of indexing for automated goods categories or groups

Advantages of SPS Implementation

  • Getting additional profit due to dynamic analytics and prediction
  • Testing the expediency and elasticity of demand in real time
  • Higher marketability due to market analysis with adjustable level of detail
  • Lower labor costs and automated routine tasks
  • Prompt decision-making due to availability of reliable information about the business
  • Efficient marketing campaigns and prediction of future sales

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Our skills

1

Proprietary methodology of data management implemented in TOP-40 companies

2

Hands-on experience of implementation in finance and transportation industries and B2C companies

3

5 years of implementing Enterprise and Open Source products

4

Implementing turnkey projects, from the need and task identification to solution implementation and subsequent support

5

Certified Data Architect - Big Data specialists in the field of data management (Integration, Quality & Governance)

Have a look at the demo version of the Smart Pricing System