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Price2Spy

Name of the product or service

Price2Spy

Votes: 42

Product or service description

Price2Spy is an online price monitoring, pricing analytics, and dynamic pricing tool. It helps eCommerce professionals monitor, analyze pricing data, and reprice their products while saving up to 92% of costs related to manual price checks.

A highly-specialized online tool based on 4 main mechanisms (price comparison, price change alerts, pricing analytics, and repricing), it provides essential aid – both in everyday pricing operations (an email alert each time it detects a price or availability change) and in strategic decision-making.

Analysis helps organizations identify pricing opportunities, such as which products are under-priced or if the price can be reduced, but still to remain within the desired profit margin. Price2Spy's API enables tight integration with the organization's own software and allows automatic price matching in accordance with the competitor's. If the price changes are within a certain margin or above a given threshold, the brand's own pricing can be updated automatically without any action needed.

Price2Spy is capable of monitoring websites that are built to shield off monitoring applications. You can virtually see the pricing of your competition even if their websites don’t want to be monitored.

The Repricing module enables you to define your own pricing strategies, identifying which products can go up / down in price, and get these prices changed in your online store.

In case you're using one of the supported platforms such as; Shopify, Magento, BigCommerce, WooCommerce, Showare, and etc. Price2Spy gives you the ability to integrate it with one click and perform real-time repricing according to your own pricing strategies.

There is little to be done from your end in order to get the system up and running. Price2Spy offers tutorials, demos, and online support to help users along the way.

Distinction from the competition
  • One of the oldest price monitoring tools, operating since 2011
  • One of the few tools on the market that can provide a wholesome solution; from price monitoring to product matching and data extraction to dynamic pricing
  • Monitoring prices in various currencies – with or without currency conversion
  • Flexible product matching options with 100% accuracy
  • More than 20 customizable reports
  • Integration with 12 platforms
  • Monitoring geographically-sensitive websites (sites working only for users from certain territories)
  • Monitoring B2B, login-required sites
  • Custom repricing (dynamic pricing) opportunities
  • Monitoring bot-aware / CAPTCHA-protected websites
  • Ability to read prices/information displayed as images
  • Ability to distinguish between different product variations, shown on a single product URL
  • Ability to capture screenshots to identify price violations
  • Ability to crawl and extract data from very complex websites, worldwide
  • API integration
Product or service innovations
  • Faster and user-friendly interface
  • Pricing trends analytics – for analyzing pricing trends on the market
  • New competitor / retail website discovery service
  • Hybrid product matching - assisted by Machine Learning
  • Enabling clients to perform product / URL imports on their own
  • Integration with Shopware 6
  • Better mobile experience in both our IOS and Android apps
Customer case study

vidaXL is a fast-growing international online retailer with 31 local webshops in Europe, Australia, and the US. There are several essential goals that Price2Spy pricing data helps them reach:

  • Monitor pricing insights for over 700.000 in-stock products in 10 countries;
  • Provide a solution to batch-test product pricing before onboarding new Marketplace sellers and their assortment;
  • Structure product portfolio and Marketplace sellers based on the pricing performance – for instance, underpriced, fairly priced, overpriced products/sellers;
  • Help their current Marketplace sellers to achieve better sales through in-time price adjustments as well as cluster best-priced sellers by offering them additional marketing & promotion possibilities from their side;
  • Make performance monitoring easier through customized reporting and dashboarding features.

Price2Spy helped vidaXL to reach the goal of monitoring pricing insights for Marketplace products with the several key features that we offer:

  • Store integration – With Price2Spy they can use existing product feeds that make it easier for them to monitor only products that are in stock and available on their webshops;
  • Reporting and dashboarding – Price2Spy has a wide variety of reporting and dashboarding options. It is easy to create custom reports while having both options to choose from predefined report templates as well as to create custom reports through filters and funnels;
  • Price monitoring – With options to create dashboards on the spot, it’s easier for vidaXL to select products and sellers which they need to monitor closely. It helps them to react more promptly to the changes in the pricing strategy of sellers as well as the cluster assortment that might need pricing improvements;
  • With dynamic price checks, they can scan whether an external seller has a fair pricing strategy before becoming their Marketplace partner.
Positive feedback & testimonials

Epson - a multinational manufacturer of electronic devices.

“Epson introduced Price2Spy in December 2019 to track both our own and our competitors’ pricing across a range of different product categories and countries. Price2Spy has allowed us to share reports in a simple and functional format. Setting up dashboards has been easy and efficient and the ability to see live and historical pricing on one screen has been invaluable. The Excel extraction function allows us to manipulate the data derived from the Price2Spy system easily and quickly. We are continually expanding the coverage and looking for new applications for Price2Spy across the business. “ – Douglas Noble, Data Insight Analyst

BIG W - one of Australia’s leading retailers of a broad range of products and part of the Woolworth’s group.

“Price2Spy’s flexibility allowed us to really focus on the most important changes on the market and made the monitoring process a lot easier. The reporting mechanism is quite powerful and it helps us get an up-to-date overview of the market, anytime. And last, but not least, they have highly efficient support which is a pleasure to work with.” – Jay Matutina, Senior Pricing Analyst

vidaXL - an international online retailer, with headquarters in Venlo, The Netherlands. They offer a wide range of products from different categories like home & garden, furniture, sporting goods, and many more.

“Monitoring pricing insights help us to reach our marketplace growth goals and objectives. We are aware of the current assortment performance as well as have a clearer view of the possibilities of expanding the product portfolio and seller base.” – Kateryna Zhukovska, Country Marketer & Performance Marketing Specialist in vidaXL

Website

https://www.price2spy.com/


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learn more & register for Expo

Do you want a free ticket to visit E-commerce Berlin Expo on 5th May 2022? 5 stages of presentations, over 180 exhibitors.

Please, fill in your personal details in the form below

E-commerce Germany Awards 2022

Networking Party & Awards Ceremony

  • 4th May 2022

    Event date

Support

Feel free to contact us regarding our offer. Regards!
Marta Masternak Key Account Manager
awards@ecommerceberlin.com
+49 30 2555 987
  • 4th May 2022

    Event date

  • E-commerce Capitals Sp. z o.o. Sp.k.

    Organizer

  • POLAND, 60‐586 Poznań, ul. Botaniczna 26/2

    Legal address

  • VAT ID PL7792439665

    TIN