New Dashboard Enables Smart Decision Making for Professional Amazon Sellers
TEL AVIV, ISRAEL, September 10, 2014/PRWeb/ Feedvisor, the world’s first algorithmic pricing and business intelligence (BI) platform for online retailers, announced today the launch of its new Revenue Intelligence Dashboard designed for high volume Amazon merchants. The first of its kind for online marketplace sellers, the Dashboard utilizes self-learning algorithms to present the seller with in-depth business information and adaptive alerts, enabling smarter decision making and optimized business operations.
“Feedvisor’s self-learning algorithms collect and analyze a massive amount of information from thousands of data points, which have until now been used to drive our repricing platform,” said Eyal Lanxner, Feedvisor’s Vice President of R&D. “We have now opened up this rich data to our customers in a clean and intuitive way, providing them with a level of knowledge they simply did not have access to before. Our new Dashboard delivers critical business insights and adaptive alerts, which will play a key role in the day-to-day management of a retailer’s online business.”
Feedvisor’s award winning algorithms automatically analyze the competitive environment, product demand, and price elasticity of every single product in a seller’s portfolio, and further utilize this information to identify issues that the seller could not have found otherwise. For example, the Dashboard will highlight items that are not selling or selling too fast, show the retailer exactly why this is happening, and enable them to immediately make any necessary changes. Stale inventory could mean that the seller needs to review the floor or ceiling price of the product, whereas inventory that is moving too fast could signify the need for the seller to alter their replenishment strategy.
The Revenue Intelligence Dashboard gives the seller both a high-level view of their key performance numbers such as sales and profitability, and enables them to drill down to find more specific information. For example, sellers can now identify which brands are making the most profit, which top selling items are incurring a loss, or which items are no longer competitive. With the ability to learn from a customer’s own business behavior and market experience, Feedvisor’s self-learning algorithms grant the seller an understanding of their business previously unobtainable in the industry.
The Revenue Intelligence Dashboard has been developed closely with Feedvisor’s customers, and has been tried and tested by select Amazon Marketplace sellers. As part of the launch, Feedvisor is offering high volume Amazon sellers the chance to try out its new Dashboard free for 14 days.
Feedvisor is the world’s first fully algorithmic repricing and business intelligence platform, offering e-commerce marketplace sellers a best in class, cloud-based solution to keep their prices competitive and makes adjusts prices in real-time based on the retailers’ business goals.
Feedvisor’s technology has won several prestigious industry awards, including the Red Herring Top 100 in 2014, and has been recognized for its excellence by independent analysts, such as Frost and Sullivan’s Technology Leadership Award 2014. Feedvisor has been internationally praised by both major media outlets and respected industry opinion leaders.
Founded in 2011, Feedvisor has been deployed by hundreds of retailers all over the world, with a purely success-based, pay-as-you-go style fee, and represents the next generation of automated pricing and business intelligence solutions. Visit us at https://feedvisor.com/.