(PRWEB) April 22, 2014
Ottawa, Canada: 360pi, the leader in omnichannel pricing and product intelligence, today announced the formal launch of the 360pi Partner Program. This initiative provides a framework for recognized retail technology leaders, such as existing partners, IBM, Crossmark, Predictix, and Rise Interactive, to leverage 360pi’s pricing intelligence in their solutions. Real-time pricing intelligence is a critical component within the retail analytics ecosystem, helping to drive the decisions and related technology solutions for price optimization, promotional forecasting, assortment planning, and markdown optimization, among others. The 360pi Partner Program helps retailers realize a winning pricing strategy with improved turns, reduced markdowns, maximized sell-throughs and, ultimately, increased margins.
360pi partners gain access to the highest quality in sophisticated competitive pricing intelligence, a vibrant technical team that is changing the face of retail, and a wealth of live data for building prototypes and selling solutions. 360pi’s competitive information is easily integrated with price optimization, point of sale, electronic shelf labeling, digital ad optimization, store management, price strategy and other business processes, driving profitable decisions. Together, 360pi and its partners deliver the complete solutions for retailers, driving increased sales and revenue.
Last year, IBM and 360pi recognized the value of forming a partnership to deliver an integrated solution for existing and potential IBM and 360pi retail customers. "Together with 360pi, we recognize the importance of leveraging analytics and big data to transform the retail market in the age of the digital shopper," said Jay Henderson, Global Strategy Program Director for IBM Smarter Commerce. "Through this partnership, we help retailers better implement pricing and promotional strategies via predictive analytics, resulting in a more personalized shopping experience for consumers."
“We are very excited to build upon the success of our IBM relationship with the official launch of the 360pi Partner Program. Pricing intelligence has emerged as a cornerstone of smart retailers’ pricing strategies, and the effectiveness of retailers’ pricing decisions is directly related to the quality of the pricing intelligence,” stated Alexander Rink, CEO of 360pi. “By building an ecosystem of retail technology leaders, we are delivering retailers the tools and knowledge that they need to succeed.”
360pi helps top retailers compete and win in an increasingly price transparent environment. 360pi actively monitors millions of products from hundreds of retailer websites and delivers price intelligence for exact and similar matched products with unprecedented accuracy. 360pi's customer base of "brick & mortar", e-commerce, and multichannel retailers accounts for over $US100 billion in annual retail sales and includes Ace Hardware, Build.com, Overstock.com, and RIS Fusion award-winner Best Buy Canada. 360pi clients gain real-time visibility into the market and full awareness of the competitive pricing landscape to "right price" to consumers. Ultimately, 360pi's customers make smarter pricing decisions that drive increased conversions, revenues, margins and customer loyalty.