This update delivers new exciting features: Pricing modes now include a “Business rules only” project setting. With this setting, a project does not use Prezzu’s sophisticated optimization tricks — only alignment on competition prices or cost (within bounds) and “magic” (magnetic) prices. If no alignment rules are provided, “optimal” prices are the existing reference prices, […]
We are thrilled to announce that ECOPA and WorkIt Software, a leading provider of crawling solutions, are developing a strategic partnership for an integrated pricing solution. Statements by Bernard Euverte, CEO of WorkIt, and Charles Vellutini, CEO of ECOPA, are here: WORKIT-ECOPA Partnership.
Best wishes for the new year to all of ECOPA’s former and current staff, clients and partners. Let 2017 be a great year!
This update packs new features addressing our clients’ requests: Traffic data have been added to sales data and updated optimization data. Competition prices can now be entered per point of sale when available. This allows for modeling competition more finely for each specific outlet. It is possible to set a reference period outside the estimation […]
Modern price optimization approaches in e-commerce are built on scientific value-based methods. This article provides an overview of these methods — with the help of a few sparingly selected equations ;-). As a bonus, we review central concepts in pricing such as nested purchase decisions and price elasticity. Objective: modeling demand Predictive pricing is all […]
Prezzu can be used to configure flexible rounding rules to transform optimal prices (output variable OptimalPriceWithTaxes) into “magic” prices. Rounding rules are set in the table above. Each row corresponds to a price range determining a specific rounding rule. The parameters for each interval are as follows: Lower bound. Strict lower limit of the […]
We will present a conference at the E-Commerce Paris event on September 14, 2016 at 12:45 am, Room 10 (pavilion 2.2) : “Pricing in e-commerce: towards extreme price customization?”
The development of Prezzu 4.0 is on schedule. After nearly two years of work on price optimization algorithms, this major release will add business functionality facilitating the deployment and automation of the solution: Prezzu 4.0 will be based on a client-server architecture and will support on-site and SaaS deployments. Dashboarding will be expanded and integrated […]
This upgrade comes with new exciting features: Prezzu is now available for Linux, including its Command line mode. The Performance of the aggregate model has been improved. The Command line mode can now be performed through a property file. In addition to alignment on competition prices, prices can be aligned on unit costs with freely […]
BPIFrance, a leading investment bank, has granted fresh funding to ECOPA for the development of the next version of Prezzu, which will include a real-time optimization engine for dynamic predictive pricing. Thanks to BPIFrance for its support to innovative predictive solutions.