Frequently Asked Questions
At Modvise we strongly believe that being close to our clients is key for success, thus in our FAQ section, you can find valuable information about why you need a Price Monitoring solution, how you can benefit from introducing such a solution to your business and how we can help you in automating the whole process so that you get a hassle-free and seamless experience from using our Modvise Pricing Solution. Whether you are in Marketing or Sales you can find useful information on how to start working with us and what to expect from our side. We will guide you through the most common questions we receive and their answers. If you have more questions please don’t hesitate to get in touch.
Competitor price tracking & monitoring software is a service that transforms how businesses strategize for growth. It replaces legacy systems and manual workflows where a team of qualified people used to spend most of their time entering and updating their competitors' pricing data and compared it with their product assortment in a giant spreadsheet. The analysis and reporting part was a mess because maintaining and understanding the data was no easy task. Countless hours and most importantly human potential was lost doing all these. And there were still a lot of errors due to manual work. This led to a chain of unfortunate actions. Faulty data led to poor decision making and it resulted in the loss of both real-time and potential revenue. Nearly 83% of companies still work this way in the early stages of AI and ML, the only way to move forward to becoming profitable is by using Modvise.
Price is one of the key criteria affecting the purchasing decision of consumers and if your business is in a vertical where pricing is important, then having a competitor price tracking & monitoring software will take you much ahead in the game. Not only will you know your competitors' prices but also change your own dynamically so it will be hard for your rivals to follow your movements. Eventually, you'll have more control over your market, make better decisions, and increase revenue.
We strongly belive that the most reliable data can be obtained only directly from retailers websites. This is why our technology is build around a network of extraction mechanism that give you direct access to data from retailers websites. Just as the 2nd step we harvest data from pricecomparison websites and aggregators.
At Modvise we are using different techniques and technologies to match products so that we can deliver you the highest possible quality of harvested data. For this we have 2 approaches: * Machine learning * Human Q&A Team These 2 approaches are linked to each other so that our algorithms will become better and better over time.
Harvesting data manually has a couple of downsides: * It is very time consuming * It isn't done automatically what leads to problems with repeating the process at the same time * Having a lot of data i just one part of Modvise technology - we give you access to data which is structured and easy to analyze
We can harvest data even every 30 minutes.
At Modvise our system is 100% scalable and ready to take various data points. Digital shelf has become one of the most crucial parts for Brands to understand how their products perform on retailer websites. That is why we analyze availability, banners, ratings and reviews.
Absolutely yes! Our engine works on-demand for any country or market vertical. Our users simply define their competitors they want to cover and monitor, and our flexible technology starts delivering data from any market in minutes.
You can export your dashboard by clicking on 'Export' button. At Modvise we strongly belive that the data we provide to you is yours so you should have full and unlimited access to it.
We always appreciate feedbacks. You can share your ideas via e-mail, then we'll evaluate it within our team.