Dynamic Pricing price override screenshot
Supported Operating System(s):
Web browser (OS agnostic)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....
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
Likelihood to Recommend
Not likely
Very likely
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.
