We are proud to share that CIOReview has recognised SYMSON with its AI Driven Pricing Solutions, as one of the Top 20 AI Solution Companies.

CIOReview is a digital and print technology magazine reaching out to Sr.IT Mgmt. Such as CIO, CTO, Executive and Senior VPs, Director (IS/IT), Manager (IS/IT) and Senior Corporate Mgmt.

This edition of CIOReview Insights highlights key developments in AI solutions over the past year as well as its potential  The magazine also includes a ranking of the Top 20 AI-Solutions.

CIOReview had this to say about SYMSON.

“At SYMSON, they strongly believe in integrating human and machine views. Instead of replacing people and organizations, they design technology to empower them. SYMSON analyzes all goods, determines price elasticity and predicts how prospective price adjustments may affect margin and revenue using many criteria that users can plug into existing AI and ML Tools.”

Here is the complete list of solution providers

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How SYMSON helps Companies

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1. Transfer data into valuable pricing insights

With SYMSON, data scattered across many divisions, documents or sources is a problem of the past. SYMSON not only acts as a single source of truth, but it also automatically optimises your prices so your data is turned into valuable pricing insights to support your decision making.

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2. Understanding the logic and process of the price optimisation

At SYMSON, we strongly believe in bringing the human and machine perspectives together. We build technology that strengthens people, rather than replacing them, and so giving organisations superpowers. This is why SYMSON makes sure that our AI is not a black box. Instead, its logic and processes are transparent and fully understood by the users.

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3. Smart and rapid response based on price and customer behaviour data

SYMSON's automation software accounts for changes in multiple pricing-related factors. As such, SYMSON ensures you react quickly to market conditions that continuously fluctuate, so that your pricing process remains as efficient as it can be, and no potential profits are missed. When optimising your prices, SYMSON keeps track of a multitude of factors such as competition, price sensitivity, and many others.

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SYMSON for CIOs

SYMSON can help you:

• Quickly identify and eliminate drags on profit margins
• Use powerful analytics to reveal your profit drivers for every transaction, product, salesperson, and customer
• Get a single source of truth for net margin and contract pricing
• Provide dynamic pricing guidance (parameters-based repricing, variable price contracts, etc.) and “what-if” simulations before implementing
• Activate and define a fully transparent pricing strategy based on willingness to pay, seasonality and other factors
• Inlcude multiple pricing drivers into your pricing model

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SYMSON for E-commerce

Symson helps companies in E-commerce in the following way:

• Get a single source of truth for net margin and competition
• Use powerful analytics to reveal your profit drivers for every transaction, product, customer channel, and marketplace
• Include multiple pricing drivers into your pricing model
• Provide dynamic pricing guidance (parameters-based repricing, variable price contracts, etc.) and “what-if” simulations before implementing
• Automate your pricing process and keep up with changes in the market

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