About this Tool

What is Prisync?

Prisync is an ecommerce competitor price monitoring and dynamic pricing service for ecommerce companies, online retailers and manufacturers. It automatically collects the competitor price and stock data, enabling businesses to stay informed with the market price and make the appropriate decisions.

It has automated price monitoring, price analytics and price rules-based dynamic pricing that enables businesses to stay competitive and not be overwhelmed with hundreds of price lists.

Moreover, Prisync also has MAP Monitoring feature which can help manufacturers and suppliers to discover whether the retailers are selling products below MAP or not.

Prisync has the following:

• Automated Competitor Price Tracking: Keep track of competitor product prices on various ecommerce platforms and marketplaces.
• AI-powered Price Monitoring: Utilises AI tools to monitor prices and analyse pricing trends and opportunities to offer competitive pricing.
• Dynamic Pricing Engine: Calculates pricing for products based on their costs and profitability margins.
• Automated Repricing: This will help Shopify sellers to set up automatic product repricings.
• Stock Watching: Watching competitors’ stocks to find out which items are out-of-stock and/or have price opportunity.
• Competitor Discovery: Finds competitor products in supported channels (Google Shopping/Amazon).
• Price History Tracking: It’s a feature that tracks price history which will help to understand the market trend.
• Price Change Alerts: Alert you to the change of price by the competitors or of stock.
• MAP Monitoring: Identifies retailers that are violating the Minimum Advertised Price policy.
• Records the price of product sizes, colours and other product variants.
• Pricing Analytics: creates dashboards and price-position comparison reports and creates Excel reports to assist in making pricing decisions.
• API Integration: Provides businesses with the ability to access pricing information and seamlessly integrate it into their systems.

How Prisync Works

1. Import Products – upload product catalog or link to your Ecommerce Store.
2. Identify Competitors – Manually add competitor product URLs or have them auto-match via supported sales channels.
3. Gather pricing information – The prices and availability of products will be automatically updated when they are updated on the competitor by Prisync.
4. Analyze market positionings: check the market positioning of competitors, changes in market prices and market price history.
5. Price Policies: Configure a minimum margin, competitor based price policies and other business conditions.
6. Optimize prices: Optimize prices or automatically reprice through integrations.

Here are some examples of Prisync uses:

🛒 Ecommerce Price Optimization
Online business owners can also analyze their competitors and tweak the price points to maintain their product as desirable as possible but not so profitable that it is no longer competitive.

📊 Competitor Intelligence
Companies can find out the competitor’s pricing policy, know the market trend and have the alertness of price changes in their vast product catalogues.

🏭 Manufacturer MAP Compliance
Manufacturers can also have a more accurate view of resellers’ prices and be able to discover whether or not minimum advertised price policies have been violated.

📈 Dynamic Pricing Automation
Based on their competitor values, product cost, desired profit margins, automated pricing strategies can be developed for businesses.

🌍 International Ecommerce
Global retailers can track the rivalry within a nation, site, currency and marketplaces.

Pricing

The price of a subscription to Prisync depends on the monitoring methods and the number of products and offers 3 main subscription levels.

URL-Based Monitoring:

• Professional – $99/month: 100 products, unlimited number of competitors and 3 price changes per day.
• Premium – $199/month: Up to 1,000 products, dynamic pricing, market place tracking and API.
• Platinum – $399/month: up to 5,000 products and Price History information, real time notification and MAP monitoring.

Channel-Based Monitoring:

• Professional: $199/month.
• Premium: $399/month.
• Platinum: $599/month.

Hybrid Monitoring:

• Professional: $299/month.
• Premium: $599/month.
• Platinum: $799/month.

Whatever you select all three have 14 days trial and are not credit card based.

For the most up to date pricing details, please check with the official Prisync pricing page.

As you can see, Prisync have a number of pros.

Prisync saves time with tracking competitor prices and price spreadsheets, making them more efficient and faster. This will automatically be pulling in data, giving an enterprise a clearer insight into the market and the flexible pricing tool will enable them to be better able to compete on the market.

It also helps retailers determine the correct price to ensure they are competitive and profitable while taking into consideration the product costs and the margin expectation.

What is special about Prisync?

• Links the price automation with competitors tracking.
• Enables tracking of unlimited number of competitors in its product plans list.
• Provides URL based, channel based and hybrid monitoring solutions.
• Tracks competitors’ price and inventory levels.
• Manufacturers/suppliers have MAP monitoring.
• Supplies multi-lingual enterprise commerce solutions to businesses all over the world.
• Uses integration and API to support automatic pricing procedures.

Prisync is the perfect solution for the following situations:

eStore Owners, Online Retailers, Manufacturers, Distributors, Wholesalers, Pricing Analysts and eMarketplace Sellers will enjoy using Prisync. Great for businesses with hundreds of products, numerous competitors and sales channels.

Final Verdict

It’s a true solution tool for businesses looking to become ‘pricing intelligent’ to the relative pricing dynamics of the competitor and what the price dynamics in their market are. Some of these ways it can help retailers and manufacturers include automatic price tracking, automatic stock monitoring, dynamic pricing and MAP compliance. Subscription fees rise depending on the volume of products and need for monitoring, but subscription provides an organized approach to automate competitor pricing research.