Get accurate pricing for pre-owned items with AI technology.

Enable smarter business strategy with an AI-powered pricing engine that leverages machine learning algorithms and market trends to help you make informed pricing decisions in real-time. Whether selling pre-owned products or streamlining your pricing process, Catalyzer SmartPrice can help you achieve your business goals.

Overview

Streamline the pricing process and reduce complexity

Catalyzer SmartPrice is an innovative tool that utilizes advanced AI and machine learning algorithms to provide highly accurate pricing estimates for pre-owned items in just a matter of minutes.

Real-time access to competitors prices

Easily come up with a price range based on historical sales data. Instantly match it against prices displayed on competitors’ websites & marketplace. And use this to find the best negotiation price defined by the actual condition of the used product.

Maximize conversion rate and profitability

The combination of machine learning algorithms and access to up-to-date market trends and competitor behavior is a powerful tool for businesses looking to increase their profit margins. By taking advantage of these resources and staying informed on the latest pricing strategies and trends, businesses can maximize their profits and achieve success in the pre-owned item marketplace.

Details

Solution type

Extensions and Add-ons

Industry

Cross-Industry, Retail, Consumer Products, Automotive

Compatibility

Works with

This product is compatible with or enhances the functionality of these SAP solutions but doesn't require them.
SAP Commerce CloudSAP Dealer Business Management

Features

Proprietary AI/ML based pricing engine

Utilize cutting-edge AI/ML algorithms to generate recommended prices for any high-value used product. By harnessing vast amounts of historical data, our system ensures accurate and market-responsive valuations every time, giving you a competitive edge.

Proprietary AI/ML based pricing engine
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Microservice based & API-first cloud native platform

With its microservice-based design combined with an API First architecture, we're well-equipped to manage an immense volume of data seamlessly. This robust framework not only ensures streamlined data handling but also automates the training of the pricing algorithms, guaranteeing they evolve with the ever-changing market trends, giving you optimal price recommendations every time.

Microservice based & API-first cloud native platform
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Fully customizable appraisal process

Every type of item shows its value differently. With an appraisal process implemented for your needs the right parameters will be taken into account for pricing. Depending on the industry you benefit from templates we have already generated.

Fully customizable appraisal process
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Plans and pricing

All plans include:

Product supportFeature updates

Technical Information

Solution type Extensions and Add-ons
Category Artificial Intelligence
Industry Cross-Industry, Retail, Consumer Products, Automotive
Works with
  • SAP Commerce Cloud
  • SAP Dealer Business Management

Resources

Catalyzer SmartPrice How it works

Publisher