Impact Analytics AI-native, unified lifecycle pricing software PriceSmart™ seamlessly automates everyday pricing, promotions, and markdown strategies, empowering businesses to maximize revenue, boost profit margins, and elevate price perception with precision and efficiency.
PriceSmart™ is a comprehensive AI-native price optimization software designed to refine every pricing decision. By leveraging advanced analytics, it empowers businesses to adapt quickly to changing market dynamics, optimize pricing strategies, and enhance revenue potential. Seamlessly integrating across optimal pricing, promotions, and markdowns, PriceSmart ensures precise and efficient outcomes that align with your business objectives while maintaining a competitive price in a dynamic market.
Increase in Gross Margin from Everyday Price Optimization
Incremental ROI on Margin-Accretive Promo Spend
Improvement in Markdown Gross Margin
This White Paper explores how AI-native pricing transforms retail by optimizing price planning, improving demand forecasting, and reducing margin erosion. Learn how AI-native insights enhance profitability, streamline decisions, and adapt to market shifts with precision.
Unified forecasting, coupled with advanced optimization techniques, ensures that your pricing strategies promote your business goals across every product’s lifecycle.
Uses real-time data and over 1M AI models to refine forecasts, integrate external factors, and optimize pricing strategies efficiently.
Monitors pricing rules, ensures omnichannel consistency, flags exceptions, and enables efficient management through a dashboard and workflow system.
Seamlessly connects with marketing calendars and data warehouses for real-time, AI-native pricing across pre-season, in-season, markdown, and clearance.
Uses AI to group stores by location, enabling personalized pricing across stores, regions, and channels for optimized sales and margins.
Sets dynamic pricing targets by revenue, units, margin, or sell-through. Uses granular product and store rules to drive KVI/KVC-based pricing strategies.
Creates user-based workflows for approvals, pricing execution, and audits. Integrated planning tools ensure seamless collaboration and strategy execution.
Optimizes SKU lifecycle transitions using data-driven insights, “what-if” scenario simulations, and historical promo effectiveness to enhance profitability.
The three PriceSmart modules—Impact Analytics BaseSmart™, Impact Analytics PromoSmart™, and Impact Analytics MarkSmart™—are powerful whether used in sync or individually.
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BaseSmart dynamically recommends initial pricing by considering a range of criteria including:
BaseSmart enables you to model various pricing scenarios to arrive at the optimal price based on criteria and constraints including:
Convert your base prices across different currencies with a single click, quickly defining easy-to-use price rules that support price-point mapping, mathematical price conversion rules, and much more.
PromoSmart shows you which promotions are most effective by providing high-level summary metrics such as toxic promo percentage and net incremental margin gain. Choose the analysis view that best suits your purpose: By campaign, event, promotion, product group—and even down to the product level.
While PromoSmart generates the most precise promotion recommendations based on the selected targets, objectives, and constraints, you are also able to simulate demand across different promotion depths and offer types.
PromoSmart enables you to seamlessly attach finalized promotions to events created by the Marketing team. The Marketing calendar is then available with all pricing activity in one place, enabling users to slice and dice by category, department, and time period.
Guide the automation by defining guardrails such as setting:
Impact Analytics MarkSmart™ redefines clearance planning with automated workflows, data-driven pricing strategies, and real-time dashboards. It enables businesses to achieve higher gross margins, accelerate inventory liquidation, and minimize manual effort. The MarkSmart criteria include:
The MarkSmart decision dashboard provides rollup views of planned vs. actual markdown performance across all product hierarchy levels, enabling you to assess their impact. Configure reports to offer recurring views; you can also export and share reports across teams.
Analyze price elasticities for every product at every stage of its lifecycle, tailored by region, channel, customer behavior, and more.
Robust ML models provide advanced pricing recommendations across the lifecycle, covering three modules: Initial Pricing, Promotion, and Markdown.
Our solution helps you track your pricing strategy, promotions, and more, offering real-time recommendations.
Roll this out in phases across regions, categories, and business units. Our team will provide continuous support if you encounter any roadblocks.
See how our clients boost gross margins with smarter promotions, markdowns, clearance, and price optimization software. They maximize profitability by aligning pricing strategies with demand, market trends, and customer behavior, ensuring sustainable growth and competitive advantage.
An interactive tool that helps you optimize the promotion lift that you need to keep your gross margin dollars stable.
Your data and our advanced AI-native pricing model create a unified pricing and promotions planning solution that’s unique to your industry.
PriceSmart enables retailers to optimize pricing and promotions across the entire product lifecycle. With AI-native forecasting, dynamic pricing strategies, and data-driven insights, our retail price optimization software ensures seamless decision-making. Retailers can drive sales, boost margins, and engage customers while adapting to seasonal demands, market trends, and competition.
PriceSmart delivers location-specific pricing solutions tailored for the hardgoods industry. By analyzing competition intensity, regional demand, and cost factors, the platform ensures profitable, customer-focused pricing strategies. Its AI-native tools help businesses streamline promotions, maintain consistent value across locations, and achieve optimal margins, making it an ideal solution for hardgoods pricing challenges.
PriceSmart’s dynamic pricing capabilities, backed by advanced demand forecasting, empower hospitality businesses to respond to real-time market shifts. The solution analyzes factors like seasonality and customer preferences, offering actionable recommendations. Hotels and venues can maximize revenue and profitability, enhance guest satisfaction, and maintain a competitive edge with precise, automated pricing adjustments.
Get in-depth information about the latest industry trends and technology and how your peers are solving the biggest promotion and markdown problems with Impact Analytics AI-native PriceSmart™.
BBenefit from our end-to-end solutions at the outset, or add more as you see the difference we make.
PriceSmart, AI pricing software automates your pre-season, in-season, and clearance pricing strategies for margin maximization and inventory sell-through. Our unified lifecycle pricing solution framework ensures true margin estimation by providing impactful and revenue-generating pricing recommendations within weeks after implementation.
Speak to our experts today!
