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Price Monitoring Tool for E-Commerce

A convenient system of reports for tracking prices in real time. Speed up decision-making and win the price game with сompetitor price monitoring.

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Price Monitoring Solution: Analytics Can Be Simple

Reports for competitor price analysis

Analyze market prices, monitor price dynamics, and record cases of MAP/MSRP violations by competitors.

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Data exchange and export

Export reports to HTML, CSV, and Excel or retrieve data via an API.

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Improve KPIs with price monitoring

  • +10-15%
    Boost your sales
    Companies that implement pricing strategies based on price monitoring increase sales by an average of 10-15%.
  • +2-5%
    Speed up turnover
    Retailers who use price optimization and price monitoring see a 2-5% increase in inventory turnover.
  • +2-5%
    Increase market share
    By integrating competitor price monitoring, companies increase their market share by an average of 2-5% within a year.

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Automate routine processes with Pricer24

Case Study: How Pricing Optimization Helped KTC Increase Sales

KTC is one of the most visited online hardware and electronics stores in Ukraine, with a strong regional network of 26 offline stores. In this case study, KTC’s category management specialists share how our price monitoring solution helps them increase sales.

Result: Thanks to price monitoring and analysis, the KTC online store increased the share of sales to new customers by 11%.

FAQ

Why is price monitoring essential in the world of e-commerce, and how does e-commerce price monitoring differ from traditional methods?
Price monitoring is crucial in e-commerce because it allows businesses to track and adapt to dynamic market conditions. E-commerce price monitoring involves monitoring prices in online stores, marketplaces, and price aggregators — that is, prices on all channels where buyers can find and quickly compare products by price.
How can businesses effectively implement price monitoring and leverage e-commerce price monitoring tools to maintain a strong online presence?
Businesses can effectively implement price monitoring using automated tools that continuously track product prices across various online channels. E-commerce price monitoring tools provide real-time competitor pricing data, allowing companies to quickly make pricing decisions, adjust their pricing strategies, and ultimately improve their e-commerce competitiveness and profitability.
How will I receive data from your price monitoring platform?

You can receive data in several ways:

  1. - Export prices to Excel or XML
  2. - Get data via the API

We can also integrate Pricer24 with your site so that when a price changes in Pricer24, it automatically changes on your site.

Within the Pricer24 system, price monitoring is visualized in reports. Pricer24 provides several types of reports for different tasks: Price Comparison, Price Fluctuations, and Price History. Reports can be customized in a way that’s convenient for you. For example, with the Price Comparison report, you can display data in a table, pie chart, or bar chart, while the Price History report displays data in the form of a graph.

How often is data updated on your price monitoring platform?
We usually update data five to seven times a day, as this is enough for most customers. If you need to update data more often, we can configure our price monitoring tool to collect competitor data at least hourly.
How much does your price monitoring solution cost?
The cost depends on the size of your assortment and the number of websites you plan to monitor. We suggest first discussing your price monitoring tasks and making sure we understand your needs so we can give you an accurate project estimate.
What data sources does your price monitoring solution use?
The Pricer24 price scraper collects data from open sources, i.e. from your competitors’ websites. In addition, Excel files with prices can be uploaded to the Pricer24 platform. If you have access to the supplier’s B2B portal or access to the API, the system can take data from there as well.
For which companies is price monitoring in e-commerce a must?
Price monitoring in e-commerce is vital for retail businesses, brands, and distributors, as it allows companies to optimize their pricing strategies to find the right balance between attracting customers and maintaining normal profit margins. Through price monitoring, companies can adjust pricing strategies to maximize profits. If you operate in a highly competitive niche, have a large number of SKUs in your portfolio, and plan to implement a competitive pricing strategy and market analytics, Pricer24 price monitoring is the perfect solution.
Does your solution support price monitoring of price aggregators and marketplaces?
Yes. Our software can perform price monitoring on any commercial sites (online stores, price aggregators, and marketplaces) so you can successfully track them all — even sites with a high level of parsing protection.

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