PriceEdge
Overview
PriceEdge is a cloud-based pricing software company that offers a comprehensive platform for price optimization and management. Founded in 2014 in Sweden, PriceEdge provides solutions that enable businesses to create, manage, and optimize their pricing strategies using AI-driven insights and competitor price tracking. The platform is designed to be flexible and easy to use, catering to both B2B and B2C enterprises, and is trusted by many leading global brands.
Industry: Pricing Software
Ideal Customer Profiles: PriceEdge's ideal customers are mid-size to large enterprises in both B2B and B2C sectors that require advanced pricing solutions. These customers typically deal with a large volume of products and need to optimize their pricing strategies to improve margins, efficiency, and customer satisfaction.
Website: priceedge.eu
LinkedIn: http://linkedin.com/company/priceedge
Products
PriceEdge PO&M Platform
The PriceEdge PO&M platform integrates all pricing activities into one place, offering a seamless experience from competitor price tracking to AI-driven price optimizations.
Features
All-in-One Pricing Platform
Description: The platform consolidates various pricing activities such as competitor price tracking, AI-driven optimizations, and price management into a single interface, making it easier for businesses to manage their pricing strategies.
Benefit: Users benefit from a streamlined pricing process, reducing complexity and improving efficiency in managing pricing strategies.
Easy Integration
Description: The platform offers a prebuilt REST API for seamless integration with existing systems, allowing for easy data transfer and system integration within a month.
Benefit: This feature reduces the time and effort required to integrate the platform with existing business systems, enhancing operational efficiency.
Customizable Pricing Strategies
Description: Users can choose from a library of best practice pricing strategies or create their own, providing flexibility and transparency in pricing logic.
Benefit: Businesses can tailor their pricing strategies to better meet their specific needs and market conditions, leading to more effective pricing decisions.
AI-Driven Price Optimization
Description: The platform uses AI to automatically calculate and suggest optimal prices, which can be approved manually or automatically, adapting to changing market conditions.
Benefit: This feature helps businesses optimize their pricing in real-time, improving profitability and competitiveness.
Scalability
Description: The platform is capable of managing a large volume of pricing data, setting over 100 million prices daily, and is used in over 65 countries.
Benefit: Businesses can rely on the platform to handle extensive pricing operations across multiple markets, ensuring consistent and accurate pricing.
PriceEdge Quote
PriceEdge Quote ensures accurate and efficient quoting processes, reducing manual errors and accelerating deal approvals.
Features
Error-Free Quoting
Description: The software automates the quoting process to eliminate manual errors, ensuring that each deal is quoted accurately and efficiently.
Benefit: This feature increases the accuracy of quotes, reducing the risk of pricing errors and improving customer satisfaction.
Managed Processes
Description: Users can organize and track all quotes and deals using process boards, providing easy access and management of pricing agreements.
Benefit: This feature enhances the organization and management of pricing processes, leading to more efficient operations.
Advanced Approvals
Description: The software offers automated and tailored deal approvals, speeding up the quoting process and increasing operational efficiency.
Benefit: Businesses can process quotes faster, improving response times and increasing the likelihood of closing deals.
Optimized Pricing Rules
Description: Users can configure specific price rules for different customer segments, ensuring consistent and profitable pricing strategies.
Benefit: This feature allows for targeted pricing strategies that maximize profitability and customer satisfaction.
Branded Templates
Description: The software allows users to create quotes and price agreements with customized branding, maintaining a consistent brand image.
Benefit: Businesses can enhance their brand presence and professionalism in customer interactions.
PriceEdge Optimize
PriceEdge Optimize leverages AI to provide actionable insights for pricing strategies, helping businesses anticipate market trends and maximize profitability.
Features
AI-Driven Insights
Description: The software uses AI models to automatically segment data and generate pricing insights, helping businesses refine their pricing strategies.
Benefit: Users gain a deeper understanding of market trends and customer behavior, enabling more informed pricing decisions.
Demand Forecasting
Description: The tool predicts demand shifts with each price change, allowing businesses to strategize for optimal results.
Benefit: Businesses can anticipate market demands and adjust pricing strategies to optimize profitability.
Product Elasticity Analysis
Description: The software analyzes product price elasticity using AI, providing data-driven insights for pricing decisions.
Benefit: This feature helps businesses understand how price changes affect demand, enabling more effective pricing strategies.
Advanced Segmentation
Description: AI is used to segment data with precision, enhancing marketing and pricing strategies.
Benefit: Businesses can target their pricing strategies more effectively, improving marketing outcomes and profitability.
Price Simulation
Description: The tool allows users to simulate price changes and see their potential impact on demand and profitability.
Benefit: Businesses can test different pricing scenarios and choose the most effective strategy.
PriceEdge Collect
PriceEdge Collect provides comprehensive competitor price tracking, enabling businesses to understand market dynamics and adjust their pricing strategies accordingly.
Features
Competitor Price Tracking
Description: The software tracks competitor prices daily, providing insights into market pricing dynamics and stock availability.
Benefit: Businesses can stay competitive by understanding how their prices compare to competitors and adjusting strategies accordingly.
Automatic Product Matching
Description: The tool automatically matches products with competitors, eliminating the need for manual linking.
Benefit: This feature saves time and reduces errors in competitor price tracking, improving efficiency.
Prebuilt Dashboards
Description: Users can access prebuilt dashboards to gain insights into their price position and market evolution.
Benefit: Businesses can quickly identify opportunities for price adjustments and strategic actions.
Data Integration
Description: The software integrates competitor data into pricing rules, helping businesses maintain their market position.
Benefit: This feature ensures that pricing strategies are informed by comprehensive market data, enhancing competitiveness.
Browser Extension
Description: A browser extension allows users to view competitor data directly on their webshop, providing real-time insights.
Benefit: Businesses can make informed pricing decisions directly within their existing workflows, improving efficiency.
PriceEdge API
The PriceEdge API facilitates seamless integration with existing systems, allowing businesses to leverage PriceEdge's capabilities within their own infrastructure.
Features
Flexible Integration
Description: The API allows businesses to integrate PriceEdge's tools at their own pace, providing flexibility in implementation.
Benefit: Businesses can choose when and how to integrate, minimizing disruption and aligning with their operational needs.
Comprehensive Documentation
Description: The API comes with complete documentation, making it easy for developers to implement and use.
Benefit: This feature reduces the learning curve and accelerates the integration process, saving time and resources.
Secure and Cost-Effective
Description: The API offers enterprise-grade security and is designed to be cost-effective, reducing operational risks and expenses.
Benefit: Businesses benefit from secure data handling and reduced costs, enhancing overall efficiency.
Paced Integration
Description: Businesses can integrate the API at their own pace, allowing for gradual adoption and minimizing disruption.
Benefit: This feature provides flexibility and control over the integration process, aligning with business needs.
Data Leverage
Description: The API allows businesses to leverage PriceEdge data in other systems, enhancing data utility and insights.
Benefit: Businesses can maximize the value of their data by integrating it across multiple platforms, improving decision-making.
Quantitative Benefits
"100M+ prices set daily"
"6B+ market prices collected (and counting)"
"150+ pricing strategy templates"
"25k+ price lists managed"
"65+ countries with users"
"Employees who work in fully-enabled digital workplaces where new workplace technologies are in widespread use were 51% more likely to have strong job satisfaction"
"The same study also found that 61% haven't defined a strategy for how technology is used within their workplace."
Testimonials
"We are proud to be the reason why Price Edge exists. The company is a success story which started small, but has almost unlimited potential. They helped us in becoming professional in our parts pricing and are the perfect choice for mid-size companies dealing with thousands of items. Price Edge has a very competent team with employees who understand the business need, which is key for developing the right solution."
Markus Arnold, Director, Spare Parts and Consumables at Scania
"I really enjoy working with Price Edge. From day one they have provided continuous support and they are always hand-on in anything they do. What I really like is their actual industry experience, which is rare among other pricing experts. I would recommend anyone working with them and using their pricing system."
Jonas Bamert, Strategic Pricing Manager
"Working with Price Edge is a success story. From drafting an effective pricing, to efficiently implementing it and closely following it up afterwards, Price Edge made use of their deep knowledge, extensive tool-set and powerful in-house built reports and managed to continuously deliver sustainable growth and value for us. All with a personal touch and a strong involvement."
Patrik Bälter, Director, E-Commerce and Ownership Solutions at Volvo Cars
"PriceEdge™ is a flexible and fast acting pricing system that helps us manage thousands of prices on dozens of price lists. Throughout the year the system supports us to carry out planned pricing actions of different scales, enabling us to do pricing the way we want our pricing to be done. In daily pricing work PriceEdge™ has proven to be an essential, easy to use companion with virtually endless possibilities."
Marko Kumpulainen, Pricing Manager at Husqvarna
"We're thrilled to announce Price Edge's inclusion as a 'Representative Vendor' in Gartner's Market Guide for B2B Profit Optimization Software. This recognition reaffirms our commitment to delivering excellence in a rapidly evolving market". As expressed by Frank Melander, CMO, and co-founder, "We trust this report will empower new customers to comprehensively analyze and navigate the dynamic landscape we operate in."
Frank Melander, CMO at Price Edge
"You cannot improve one thing by 1000% but you can improve 1000 little things by 1%. An individual without information can't take responsibility."
Jan Carlzon, Former CEO at SAS
Source: The benefits of a PO&M software for your business - PriceEdge Blog
"We've moved from digital products and infrastructure to digital distribution and Web strategy to now into more holistic transformations that clearly are based on mobile, social media, digitization and the power of analytics and we think it's really a new era requiring new strategies."
Saul Berman at IBM
Source: The benefits of a PO&M software for your business - PriceEdge Blog
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