About Dynamic Pricing

Dynamic Pricing is a cloud-based solution, which assists small to large retailers and eCommerce businesses with data collection and multiple pricing strategy creation. Key features include competitor analysis, revenue tracking, process automation and product management. 

The application comes with an algorithm tool, which helps users compare product market value with competitors, examine stock demands, and set up pricing rules at the category or commodity level. Additionally, its elasticity feature allows users to monitor previous price records and current sales volume to apply new recommendations. 

Dynamic Pricing enables employees to use different pricing methods to calculate average rate / gross margin as well implement limits on pricing....


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Supported Operating System(s):

Web browser (OS agnostic)

19 Reviews of Dynamic Pricing

Average User Ratings

Overall

4.62 / 5 stars

Ease-of-use

4.5

Value for money

4.5

Customer support

5.0

Functionality

4.5

Ratings Snapshot

5 stars

(8)

8

4 stars

(5)

5

3 stars

(0)

0

2 stars

(0)

0

1 stars

(0)

0

Likelihood to Recommend

Not likely

Very likely

Showing 1 - 5 of 19 results

November 2019

Shawn from Self-employed

Verified Reviewer

Company Size: 1 employee

Industry: Retail

Time Used: Less than 12 months

Review Source: Capterra


Ease-of-use

5.0

Functionality

5.0

November 2019

Works fantastic

I use DynamicPricing for my products prices. It helps me get the most profit from sales by comparing with competitors pricing.

Pros

I like that it automates your pricing to help you make the most money based on competitors pricing. You can even price based on location. It’s very easy to use.

Cons

The only thing is that it’s kind of expensive.

March 2019

Anonymous

Verified Reviewer

Company Size: 201-500 employees

Time Used: Less than 12 months

Review Source: Capterra


Ease-of-use

5.0

Value for money

4.0

Customer support

5.0

Functionality

4.0

March 2019

It is exactly what we needed

- we can analyze prices on the market easily - automated price matching is quite reliable

Pros

- easy to use - easy implementation, no problems with reliablity - good and fast customer support

Cons

Sometimes products are not correctly matched or not at all matched to products on our competitors' sites

December 2019

Malva from Philips

Company Size: 10,000+ employees

Industry: Hospital & Health Care

Time Used: Less than 12 months

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

4.0

December 2019

A leapfrog forward through dynamic pricing!

Always the latest market dynamic reflected in the prices, through a fully automated process without human intervention across all markets.

Pros

- The flexibility of the tool: every pricing strategy is possible or made possible - Reliability of scraping information. - Transparency through the market trends and show me why functionality, to understand which pricing strategy is applied.

Cons

- Working in multiple portals is not that straightforward. Therefore standardization across portals (for multiple markets) is not in place yet. - Analytics on assortment level needs to be done outside of Omnia.

Reasons for Choosing Dynamic Pricing

The collaboration with Omnia is a treat. On top of the topics, a can do mentality and pro-active communication is what we are benefitting from.

March 2019

Alex from Ideal Tech SRL

Company Size: 51-200 employees

Industry: Retail

Time Used: Less than 12 months

Review Source: Capterra


Ease-of-use

5.0

Value for money

4.0

Customer support

5.0

Functionality

4.0

March 2019

Great tool

Pros

It was easy to integrate their API to dynamically update the prices on our website. Has plenty of options for calculating prices based on competition prices, cost, stock etc. Easy to use interface to manage rules and promotions. We asked for a feature that was not available and it was added pretty fast.

Cons

No cons so far, the software does its job well.

May 2020

An from Philips

Company Size: 10,000+ employees

Industry: Health, Wellness and Fitness

Time Used: Less than 2 years

Review Source: Capterra


Ease-of-use

4.0

Value for money

4.0

Customer support

4.0

Functionality

4.0

May 2020

Great solution for dynamic pricing

Flexible to build business rules.

Pros

Great benchmark data, easy to adapt to new markets,

Cons

Not all benchmarks were in place and took some time to add.

Reasons for Choosing Dynamic Pricing

Good support during implementation/ roll-out in all the different countries. Learn and improve.