Prisync is a comprehensive online price tracking and analytics solution designed to help e-retailers, manufacturers, and eCommerce businesses optimize their pricing strategies and maintain a competitive edge in the market.
What Prisync Does
Prisync is a powerful tool that enables businesses to track the prices and stock availability of their products across various competitors, marketplaces, and sales channels. This real-time data allows companies to make informed decisions on pricing, ensuring they remain competitive and maximize their profit margins.
Key Features and Functionality
Price Tracking and Competitor Monitoring
- Prisync allows users to track prices from an unlimited number of competitors, including prices of product variants such as size, color, etc.
- It provides real-time monitoring of competitors’ pricing and stock levels, enabling businesses to respond swiftly to market changes.
Dynamic Pricing
- The platform features a dynamic pricing engine that automatically adjusts prices based on predefined rules, taking into account factors like competitor pricing, product costs, and stock levels. This ensures that businesses can maintain optimal pricing strategies without manual intervention.
Price Match and Optimization
- Prisync offers price match capabilities, allowing businesses to set prices that are competitive with their rivals. The software also includes advanced price optimization features to help businesses find the best possible prices for their products.
Historical Data and Price Change Alerts
- Users can access historical pricing data, which helps in analyzing market trends and making future pricing decisions. The system also sends price change alerts, keeping businesses informed about any changes in the market.
Customizable Reports and Data Visualization
- Prisync generates customizable reports, including Excel reports, which can be exported or received via email notifications. The platform also offers data visualization tools, such as price position comparisons and price change graphs, to provide clear and actionable insights.
Integration and Compatibility
- The software integrates seamlessly with various eCommerce platforms like Shopify, Magento, and other marketplaces such as Amazon and Google Shopping. This integration allows for synchronized data and automated pricing adjustments.
MAP Monitoring
- Prisync includes Minimum Advertised Price (MAP) monitoring features, which are particularly useful for suppliers. It helps in tracking and enforcing recommended prices across different retailers and sends automated reports for any violations.
Multi-Currency and Geographical Pricing
- The platform supports multi-currency operations and geographical pricing, enabling businesses to track and manage prices globally without any country or language barriers.
User Management and Notifications
- Prisync offers robust user management features, allowing multiple users to access the platform. It also provides daily and instant email notifications for price changes, stock availability, and other critical updates.
Channel-Based Competitor Price Tracking
- The software allows for channel-based competitor price tracking, enabling businesses to monitor prices across different sales channels and marketplaces efficiently.
In summary, Prisync is an all-encompassing solution for eCommerce businesses looking to optimize their pricing strategies, monitor competitors, and manage stock levels effectively. Its advanced features and user-friendly interface make it an invaluable tool for maintaining competitiveness in the dynamic eCommerce landscape.