How Does the Price Grid Benchmark for Other Suppliers Work?
Discover how does the price grid benchmark for other suppliers work
The price grid benchmark for other suppliers searches for identical or similar products across all other invoices imported on the platform:
💡 Example:
- You ordered 5 'Rechargeable Fountain Pen A2' from SupplierA at €4 per unit.
- You uploaded the price grids of several of your suppliers, including SupplierB.
- SupplierB offers in its catalog the product 'Cartridge Rechargeable Fountain Pen B2' at €3 per unit.
- Koncile detects that 'Rechargeable Fountain Pen A2' and 'Cartridge Rechargeable Fountain Pen B2' have similar descriptions.
- Koncile will notify you that you could have saved (4-3)*5€, or €5, on your order if you had purchased the product from SupplierB.
- This represents 25% of your spending!
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