NetReports is a market intelligence tool that allows E-retailers to monitor the prices of their products across various competitor websites in real time.
E-retailers include online travel agencies, tour operators, wholeselers and internet-consumer goods selers.
RateGain develops spiders that bring back the various components of rates such as taxes, rebates/discounts, shipping, fuel surcharge, air passenger duty, bagage handling charges etc.
Travel companies use NetReports to renegotiate contracts with their suppliers or adjust their margins to maximize revenues.
Internet Retailers utilize price comparison reports to adjust their margins and discounts to offer the best price to the consumer for each product. Revenues are thus maximised by increasing or decreasing the prices to increase sales.
NetReports performs product mapping which ensure apple to apple comparison of products. In addition to the basic price comparison, NetReports also include higher level analytics such as variance report, availability report, in-stock/ out-of-stock report, cheapest rate report, areas of improvement report etc. These various analytical reports allow subscribers to take instant decisions and thus maximize revenues further.