Dynamic pricing platform connecting with Microsoft Dynamics 365
Whether you are a distributor or retailer in the ecommerce and omni-channel space, if you are responsible for how you price your product range in order to remain competitive and profitable, you face challenges. Today, pricing managers manually analyze multiple data sources to support pricing decisions for only 5%-15% of their catalog. Because spreadsheets are used to review pricing in comparison to competitors, organizations are often too slow in reacting to sales promotions, especially in omni-channel. It is inefficient and there is a risk of loss of revenue.
What is dynamic pricing?
Dynamic pricing (aka surge pricing, demand pricing, or time-based pricing) is where businesses set flexible prices for products or services based on current market demands. Getting to this insight is key.
Quicklizard is a real-time dynamic pricing management platform used by e-commerce and omni-channel retailers and distributors. The platform uses Artificial Intelligence (AI) to continuously track and analyze multiple data sources to adjust prices so retailers and distribution companies can adjust pricing, stay competitive and profitable.
Stay agile and competitive by turning data into pricing decisions in real time
Real-time market trends are collected from customer demand, customer journeys and the competitive landscape.
By connecting your product and pricing data from within Microsoft Dynamics 365 you can integrate price changes quickly and easily.
Three ways to execute your pricing strategy using Quicklizard
Rule-based dynamic pricing
Define and implement rules and constraints to limit pricing flexibility based on your overall strategy and approach.
AI dynamic pricing
Leverage off-the-shelf algorithms that automatically define and implement flexible pricing based on market dynamics such as competitor activity, user behavior and more.
Combine rule-based and AI dynamic pricing
Apply AI recommendations (80%), confined by pre-defined rules & constraints (20%), to predict and implement the ultimate price at any given moment.
BENEFITS – Quicklizard
Setting pricing conditions in Quicklizard
Price limits in Quicklizard
Set price rules in Quicklizard
The QL pricing engine sends pricing recommendations
Why choose Prodware?
As a Microsoft partner, Prodware’s global experience means that we can match our Microsoft Dynamics and industry expertise within retail and distribution with innovative technology such as Quicklizard to modernize how you go to market and remain agile in an omnichannel world. We can help you make smart real-time pricing decisions across online and offline channels with integration into your Microsoft Dynamics 365 platform.
We are an international company present in 13 countries across the EMEA region allowing our customers to benefit from a local service supported by a global infrastructure.