Revionics

Revionics is an American-based pricing software provider for retailers and specializes in AI-based pricing software.

Revionics® Price Optimization utilizes AI, data, and business strategies to offer optimal prices for products. They offer clients the ability to customize of categories, channels and items according to their business needs. Revionics price optimization software provides insights such as consumer demand forecasts, price sensitivity reports, changes in costs, and competitive price positions which help retailers set optimal prices for their products.

Their price optimization software can help companies avoid price wars, which is a common issue in highly competitive retail markets. By giving detailed insight into competitor price changes and the impact this can have on demand and sales, Revionics can make companies more competitive across all channels.

Revionics promises transparency into what rules are used for price recommendations and gives a comprehensive “confidence score” of the recommendations given. Ultimately the user decides whether or not to accept the price recommendations given by their price optimization software, but Revionics assures that the price recommendations their software provides will result in profit and customer satisfaction.