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NEW VERSION OF FEEDVISOR BOASTS SELF-LEARNING REPRICING ALGORITHM

Posted by Tami Ben-David on May 28, 2013 in

TEL AVIV, ISRAEL, May 29, 2013 /24-7PressRelease/ Feedvisor, the world’s first algorithmic repricing solution, today announced the launch of Version 2.0, representing the next generation of its Algo-Pricing software for Amazon Marketplace Sellers. The release is the largest since July 2012  massively improves on its original algorithm by introducing machine learning technologies, and adds actionable analytics to its best in class repricing platform.

“This new version of our algorithm combines Big Data with machine learning. It looks at a much broader market environment and analyzes a considerably greater historical dataset than we’ve ever looked at before, to fine-tune prices and optimize profits,” said Victor Rosenman, founder and CEO of Feedvisor. “Our platform uses a closed-loop, learning algorithm. This means that with every sale that goes through our client’s account, continuous adjustments are being made that increase the accuracy of our solution for each specific product.”

Feedvisor is a completely automated repricing platform for online marketplaces, enabling sellers to grow sales and outperform their competition without sacrificing their profit margins. The technology does not require sellers to set complicated rules, and places no limit on the amount of products that can be repriced. The platform reduces time spent on price management by 90%, optimizes sales performance, and automatically takes advantage of market imperfections.

Feedvisor’s new version also introduces a suite of actionable analytics and alerts that deliver real-time business insights and add transparency to the repricing process. Online marketplace sellers are now able to see which items are not selling, which are not priced competitively, and what products have seen a spike in sales and will soon run out of stock. The release also includes hundreds of other minor features, tweaks and improvements, keeping sellers in position to make informed strategic decisions.

Feedvisor, based in Tel Aviv, was founded in 2010 and is backed by venture funds from Israel and the US. In 2012 Forbes rated Feedvisor among the most innovative and promising startups in Israel.

For additional information on Feedvisor or to learn more about Algo-Pricer Version 2.0, please contact Feedvisor at info@feedvisor.com or at 516-833-3073.

Press Contact:
Shmuli Goldberg
Press@feedvisor.com
US Phone: 516-833-3073 ext: 732
UK Phone: 020-3432-0848 ext: 732
www.feedvisor.com

 

Read more at: 24-7PressRelease

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