BestPrice is launching Merchant Intelligence to help its partner online stores make informed decisions about where to focus each day.
Merchant Intelligence is not a static dashboard. It monitors the market daily, as reflected on BestPrice, and links it directly to each merchant’s products and competitive landscape, highlighting immediately actionable commercial opportunities. As conditions change, the platform dynamically updates the store’s market position and priorities, while also offering daily email updates.
Daily decisions based on market data
Merchant Intelligence gives each store practical answers to three key questions in day-to-day commercial management:
Price comparison and pricing position: Comparing prices for identical products clearly shows where the store stands against the competition, highlighting the products that merit closer attention.
Targeted competitor analysis: Identifying the stores with the largest number of products in common enables focused comparisons with individual merchants or groups of up to 10 stores.
Expanding the product range: Demand trends bring to light popular products in the market that are missing from the store’s catalogue.
Merchants can also explore the data in greater depth using specialist filters and export reports in CSV format. The final commercial decision remains theirs, now informed by accurate data and clear priorities for their next move.
The new product draws on BestPrice’s data and expertise. The company works with around 4,000 Greek online stores, bringing its in-depth market knowledge into its partners’ day-to-day commercial planning.
“Every day, thousands of Greek stores make critical decisions about pricing, product range and competition. With Merchant Intelligence, we turn live market data into a practical tool for our partners, giving them clear priorities when they need them”, said BestPrice CEO George Papadakis.
Activation and free trial
Merchant Intelligence draws directly on the catalogue each store already maintains on BestPrice, with no additional technical integration required. It can be activated immediately through the partner stores’ management platform.
Ahead of Black Friday, partner stores can try the service with a 14-day free trial and use it to prepare.
It is worth noting that Merchant Intelligence is designed to be a permanent tool in each store’s day-to-day commercial operations throughout the year.
For more information and to activate the service, click here.