Kaizen Analytix Introduces New Generation of KaizenPrice, an Innovative Smart-Pricing Tool, Integrated with Square POS System
Kaizen Analytix LLC, a leading provider of data, analytics, and technology solutions, today announced the launch of KaizenPrice™, a new AI-based, smart-pricing recommendation software designed to help small- to medium-sized businesses (SMBs). The company also announced a significant integration with the Square POS System.
KaizenPrice, the newest offering from Kaizen Analytix, gives companies powerful pricing recommendations and demand forecasts. The solution helps companies develop pricing strategies to drive revenue, profit and volume—proven to deliver a 5-to-15 percent revenue uplift. It helps businesses better understand where their demand is heading in order to inform operational planning and leverages pre-built visualizations and reports to help companies discover new insights, drive decisions and save valuable time.
“Pricing products and services is one of the most challenging decisions businesses can make, especially with the fluctuating marketplace and ongoing supply chain issues we’re seeing today,” said Krishna Arangode, CEO at Kaizen Analytix. “We felt the timing was perfect to launch our KaizenPrice solution, providing companies with more streamlined, data-backed recommendations to help them set pricing options for their products and services with more confidence. More accurate and reliable price setting often equates to more profitability for companies, not to mention a new-found ability to endure any external factors that could impact their business such as weather, holidays, or supply chain issues.”
KaizenPrice integrates with Square’s POS platform, simplifying the setup process and enabling customers to seamlessly pull transaction data and bring faster, more relevant information to the platform. In just a few clicks, Kaizen can now deliver custom pricing recommendations and sales forecasts based on customers’ transaction histories from Square. Kaizen is working to support integrations with other popular POS platforms as well.
KaizenPrice is applicable to a range of businesses—from retailers to restaurants to service providers to amusement and entertainment venues. The solution streamlines pricing through advanced analytics and robust features, including:
- Optimized price recommendations for all of a company’s products and services across a 15-month time horizon;
- Accurate daily demand forecasts by product;
- Ability to analyze external factors impacting demand;
- Scenario planning to test out different price points and their impacts on demand and revenue;
- Ability to easily refresh data and recommendations; and
- Flexible controls and settings.
“KaizenPrice is all about allowing businesses to hit their revenue and margin targets with smart pricing recommendations, but one of our biggest secondary goals is saving businesses time,” stated chief product officer Andy Williamson. “Our integration with Square will enable businesses to leverage our insights with greater ease and efficiency.”
Customers can start the KaizenPrice signup process via Kaizen’s website. Businesses that use Square will be able to connect their accounts during the setup process; those who use other POS platforms will continue to be able to use the platform as well. The entire setup process can be completed in a matter of minutes so that businesses can quickly begin to leverage the insights to drive smarter pricing decisions. Businesses that aren’t using Square can start here.
KaizenPrice offers flexible pricing models that are attractive to SMBs and can adjust as their business grows.
