Spresso.AI

Develop by Spresso.Ai

Free App

Spresso's real-time Pricing Intelligence covers all the bases.

Dynamic pricing

Real-time adjustments

Sku-level insights

Ai optimized

Demand elasticity insights

About Spresso.AI

Launched Aug 01, 2024

Built by Spresso.Ai

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Description

Spresso's Pricing Intelligence is a plug and play solution to provide dynamic pricing functionality to every item in your catalog. Using our proprietary AI, we can fine tune pricing on a per-SKU basis to maximize margin, revenue, profit or any range in between. Our app optimizes pricing for all retail models, conditions, and the full product lifecycle. Pricing Intelligence is built by retailers for retailers.

Leverage multi-armed bandit experimentation for unparalleled pricing precision.
Maximize conversions while protecting your margins during promotional campaigns.
Drive immediate improvements with access to essential SKU-level insights.
Understand how price changes impact the demand elasticity of products.

Pros

Easy to integrate with plug and play functionality
Utilizes proprietary AI for dynamic pricing
Optimizes pricing for various goals such as margin, revenue, and profit
Applicable to all retail models and product lifecycle stages
Built by retailers with a deep understanding of retail needs
Employs multi-armed bandit experimentation for precise pricing
Provides essential SKU-level insights for immediate improvements
Helps understand the impact of price changes on demand elasticity

Cons

Potentially steep learning curve for those unfamiliar with advanced AI and pricing strategies
May require continuous monitoring and adjustment to maintain optimal pricing
Dependent on the quality of data inputs for the AI to function effectively
Initial setup might be complex for retailers with very large catalogs
Opaque AI algorithms may cause trust issues among some users