When most people leave their jobs, they lose their salaries, benefits, and a desk. When Ronald Wayne left his job, he lost $280 billion.
What is ProfitGPT?
The Product Sales and Margin Platform for Commerce
ProfitGPT uses advanced AI algorithms to generate actionable insights for merchants to make informed, data-driven decisions and adapt quickly to stay ahead in the marketplace.
Sales and Margin Performance
Understand what items and categories are trending up or down, or are not performing per plan or forecast. Proactively detect merging patterns with your products that also need to be promoted to optimize revenue and margins. If there are items or categories that are not selling, or selling very quickly, in a particular channel or location, you will learn what your root causes might be so you can take action.
Promotion and Discount Effectiveness
ProfitGPT delivers visibility and insights into what promotions and discounts are working and not working, while taking into account its pull-through, halo, and cannibalization effect. Understand which promotions are the most profitable along with which ones are dragging your business down.
Product and Category Insights with Substitutions
Plan, promote and price your items efficiently and maximize your product movement goals. Identify items that are frequently bought together or as alternatives with automated insights is often times surprising to our customers and our data scientists! Finding ways to get creative with your assortment of products will make your substitutions and promotions more profitable.
New Product Sourcing and Introduction
Want to learn what key product attributes and characteristics are leading to product success in the market? Look no further than ProfitGPT's AI-driven intelligence to help you identify similar products to source and introduce to your loyal customers. These insights, patterns, anomalies, and key inferences will help you bring the best offerings, at the optimal price point, to drive increased sales and margins.
Customer Conversion Insights
Understand consumer behavior and key patterns that lead to conversion online. Gain deep insights into what campaigns are working along with what your brand's ideal (and loyal!) customer looks like. Having complete conversion funnel analysis will help your team understand where to continue efforts and where you should walk away.
Vendor and Supplier Performance
Whether you evaluate your vendors every month or once a year, applying advanced learnings to measure sales and margin performance will help with better planning and sourcing decisions down the road. Create effective end cap plans or co-op advertising programs and partnerships to lower your ad costs and propel the sell-through and margins of the best performing items in your plan.
Sales AI Assistant
Strike up a conversation with your intelligent assistant to get answers to questions about sales and product margins across all your categories, products or brands, locations, channels and more. Your new assistant can highlight what is trending deep within your data sets so you can take timely action to improve outcomes.
Data Automation
We partner with the best in the retail and commerce industry so there is no heavy lifting for your IT resources or other department team members. We simply connect to your existing business systems, using API connectors, to allow the commerce LLMs to learn your data and generate actionable insights that will save your team 1000s of analytical hours and improve accuracy more than 70%.
ProfitGPT delivers up to 19.26% profit lift.
Maximize your margins, optimize price points, effectively evaluate promotions, competitors, and vendors. Optimize your inventory levels, and improve demand planning to experience what many of our customers do -- a double-digit percentage profit lift.
Pricing AI
Proactively monitor, gain insights and automate pricing for maximum sales and product margin growth. Manage the optimal price point for millions of SKUs while solving any price complexity.
Competitor AI
Having key insights on your competitors regarding their products, prices, promotions, and stock situations allows you to optimize your business strategies and gain market share.
Inventory AI
With real-time inventory levels, demand patterns, sales velocity, and consumer buying trends at your fingertips, you can worry less about out-of-stocks and over-stocks while optimizing your cash flow.
Forecasting AI
Plan with accuracy using ProfitGPT's advanced double-machine learning simulator to ensure predictable and maximum sell-through strategies with visibility at the item, category, channel, and location levels.
Tap into Our Expertise to Learn More about how AI-Generated Insights can Help Your eCommerce or Retail Business
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Media Highlights
Noteworthy media mentions from global top-tier publications & websites
