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Average Ratings 0 Ratings

Total
ease
features
design
support

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Write a Review

Description

Are your prices too high? Are your prices too low? What price are your customers willing to pay? What benefits or features would they be willing to pay more for? 88% of all prices are based on guesswork, intuition, repeat of last years prices, and other unscientific methods. The result is either too high prices that cause loss of sales and market share, or too low prices that leave money on the table. PriceBeam's cloud-based technology gives you precise and scientific insights into the price. PriceBeam adds value to: - Optimizing existing prices vs competition - Setting prices on new products - Setting prices on new markets - Understanding and fine-tuning value communication. Customers value what they see and are willing to pay more for what they don't like. Brand health - Optimization of assortments and rationalization of SKUs PriceBeam is available worldwide in 109 countries

Description

Retailers and online merchants face a variety of shared obstacles, including excess inventory and the challenge of setting optimal prices influenced by factors like inventory worth, market competition, seasonal trends, and consumer attitudes. To address these issues, NextOrbit has created advanced technology that leverages artificial intelligence and machine learning to assist sellers in determining the best pricing strategies for their products. This innovative solution features several key elements: the NextOrbit PriceMind platform, which utilizes AI and machine learning to enhance pricing decisions, ultimately boosting both profits and sales; the NextOrbit DemFor tool, which improves demand forecasting for more efficient inventory turnover; and the NextOrbit PriceEye platform that tracks competitor pricing, providing timely alerts about their pricing strategies as frequently as desired. By integrating intelligent demand forecasting with a blend of machine learning and human insight, NextOrbit effectively merges the strengths of both approaches, while also accounting for the influence of local events on market dynamics. This comprehensive system not only optimizes pricing strategies but also enhances overall business performance by ensuring that retailers are well-equipped to respond to changing market conditions.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

No details available.

Integrations

No details available.

Pricing Details

Speak to sales for a custom offer.
Free Trial Yes 
Free Version No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours Yes 
Live Rep (24/7) Yes 
Online Support Yes 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) No 
In Person No 

Types of Training

Training Docs No 
Webinars No 
Live Training (Online) Yes 
In Person No 

Vendor Details

Company Name

PriceBeam

Founded

2016

Country

United Kingdom

Website

www.pricebeam.com

Vendor Details

Company Name

NextOrbit

Founded

2014

Country

India

Website

www.nextorbit.com/en/

Product Features

Pricing Optimization

Channel Analysis Yes 
Competing Product Analysis Yes 
Forecasting Yes 
Market Analysis Yes 
Multi-Store Management No 
Price List Management No 
Price Optimization Automation Yes 
Pricing Analytics Yes 
Profitability Analysis Yes 
Scenario Planning Yes 

Product Features

Pricing Optimization

Channel Analysis No 
Competing Product Analysis No 
Forecasting Yes 
Market Analysis Yes 
Multi-Store Management No 
Price List Management Yes 
Price Optimization Automation No 
Pricing Analytics Yes 
Profitability Analysis Yes 
Scenario Planning No 

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