Loading...
Loading...

Benefits

Increased revenue

Dynamic pricing makes a higher profitability and turnover possible. Priceff’s clients have seen up to +40 % increase in sales.

Saved resources

Customer demand can be met and less products are left on the shelves. Less waste contributes to a smaller carbon footprint. There is also less need for inhouse data science projects, data aggregation & cleansing and historical data modelling.

Fast algorithmic response

Responds correctly to unexpected, unpredictable situations and irregular fluctuations in demand.

Easy setup & integration

Easy API based integration and low maintenance cost – no cold start problem.

Dynamic pricing strategies can help companies achieve 2-5 % sales growth and 5-10 % increase in profit margins, according to McKinsey. Most of Priceff’s customers see double-digit % increases in revenue.

Contact us!

Dynamic pricing made easy

Cold Start Problem

Typical machine and deep learning approaches to e.g. dynamic pricing and product recommendations experience cold start problems. Priceff’s algorithm optimizes right away with fast time to value.

Personal Data (GDPR)

A majority of machine learning projects fail due to not being able to meet GDPR criterias in production and being black boxes. Priceff’s algorithm doesn’t consider any personal data.

Unethical Price Discrimination

It’s illegal to price discriminate due to e.g. race, religion, origin, age, gender or disabilities. Priceff’s algorithm doesn’t process any unethical parameters or personal data.

Cases

+25% increase in sales volume

+20% increase in revenue

Inventory turnover of long-tail products tripled

Significant increase in sales

+12% revenue increase per offer

-14% decrease in food waste

+22% increase in number of deliveries

+31% increase in revenue

Great results

Inventory turnover increased:

“Dynamic pricing allows us to improve long-tail inventory sales and accelerate inventory turnover.”

Veli-Pekka Matilainen,
Sales Director, WSOY

Revenue increased:

“Our revenue from home deliveries increased by 19%.”

Johanna Kuosmanen,
Digital and customer experience director, Kotipizza Group Oyj

New perpectives:

“In order to improve the working capital cycle, it is important that pricing can be adjusted according to demand.”

Jukka-Pekka Uuskoski,
Senior Vice President, Business Development at YIT Russia

Food waste reduced:

“Thrilled to see an additional 14% reduction in food waste!”

Aku-Jaakko Saukkonen,
COO, Resq Club

Priceff’s dynamic pricing is a hattrick:

“Customers receive better service, restaurants increase their sales and food waste is reduced.”

Pasi Rajala & Marko Taavitsainen,
Kotipizza Entrepreneurs

Download Working Paper

Priceff’s pricing solution has succeeded in increasing revenue and profitability, and decreasing demand variation and resource waste. The results of dynamically pricing restaurant food delivery services are presented and discussed by Anders Ekholm, Priceff’s founder and CRO, and Dennis Svartbäck, Priceff’s mathematician, in their working paper: “Dynamic Pricing of Restaurant Food Delivery: An Explorative Market Efficiency Study.”