-- The Feedvisor Algorithmic Repricing Platform Offers an Innovative Pricing Solution for Superior Customer Experience
MOUNTAIN VIEW, California, Oct. 30, 2014 /PRNewswire/ -- Based on its recent analysis of the analytics-based repricing software market, Frost & Sullivan recognizes Feedvisor with the 2014 European Frost & Sullivan Award for Enabling Technology Leadership. Feedvisor's award-winning, innovative repricing platform offers key competitive advantages, by analyzing the competitive environment, product demand, and price elasticity function of every single product in a seller's portfolio and calculating its optimum price according to the retailer's specific business objectives.
Unlike competing solutions that quote the lowest price to increase salability, Feedvisor's business intelligence (BI) platform uses algorithmic and analytical processors to compare the prices of competing online sellers. The solution employs a comprehensive database consisting of a wide range of data regarding shipping options, customer reviews, and seller ratings to analytically derive a price that will appeal to buyers and sellers. The solution is empowered by a trend-spotting engine that offers actionable insights on selling prospects, enabling online sellers to devise strategies that can boost sales and growth opportunities.
"Feedvisor employs self-learning algorithms that adapt to various business objectives, thereby completely eliminating the need to define pricing rules or change the rules periodically," said Frost & Sullivan Research Analyst Sathya Vendhan. "Furthermore, as it is not dependent on rule definitions, it can be evolved for use in accurate repricing of stock options when financial laws and rules change often."
The Feedvisor repricing platform is a software-as-a-service (SaaS) online offering, which enables the solution to be set up quickly. Feedvisor is currently used by hundreds of professional Amazon merchants, enabling them to consistently win the Buy Box, increase sales volume and maximize profit margins.
Each year, Frost & Sullivan presents this Award to a company that has developed a pioneering technology that not only enhances current products, but also enables the development of newer products and applications. The award recognizes the high market acceptance potential of the recipient's technology.
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research to identify best practices in the industry.
Feedvisor is the world's first fully algorithmic repricing and business intelligence platform, offering e-commerce marketplace sellers a best in class, cloud-based solution to keep their prices competitive and adjust prices in real-time based on the retailers' business goals.
Feedvisor's technology has won several prestigious industry awards, including the Red Herring Top 100 in 2014, and has been recognized for its excellence by independent analysts. Feedvisor has been internationally praised by both major media outlets and respected industry opinion leaders.
Founded in 2011, Feedvisor has been deployed by hundreds of retailers all over the world, with a purely success-based, pay-as-you-go style fee, and represents the next generation of automated pricing and business intelligence solutions. Visit us at http://feedvisor.com/.
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SOURCE Frost & Sullivan