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Luca
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Luca Reviews & Product Details

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Luca Overview

Editedit
What is Luca?

Luca is an AI-powered co-pilot for enterprise retailers, which constantly identifies revenue and profit headroom, makes recommendations for price adjustments and saves countless work hours along the way. Our solution is complementary to the human decision maker in a retail organization. We want to give them superpowers by converting a sea of data about their business into clear recommendations they can act upon confidently with the click of a button. Luca generates price recommendations by absorbing retailers’ sales, inventory and competitor data to forecast outcomes at different price points, ultimately selecting a winning one. Once recommendations are pushed live, Luca monitors the price changes in production, watches out for abnormal patterns and alerts the decision maker if something is off. Lastly, Luca’s attribution models isolate the impact of the pricing change and accurately measure business impact, helping the decision maker gain confidence in their pricing strategy.

Luca Details
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Luca Community
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Product Description

Luca is an AI-powered co-pilot for enterprise retailers, which constantly identifies revenue and profit headroom, makes recommendations for price adjustments and saves countless work hours along the way. Our solution is complementary to the human decision maker in a retail organization. We want to give them superpowers by converting a sea of data about their business into clear recommendations they can act upon confidently with the click of a button. Luca generates price recommendations by absorbing retailers’ sales, inventory and competitor data to forecast outcomes at different price points, ultimately selecting a winning one. Once recommendations are pushed live, Luca monitors the price changes in production, watches out for abnormal patterns and alerts the decision maker if something is off. Lastly, Luca’s attribution models isolate the impact of the pricing change and accurately measure business impact, helping the decision maker gain confidence in their pricing strategy.

Seller Details
Seller
Luca
Year Founded
2022
Twitter
@LucaPricingHq
31 Twitter followers
LinkedIn® Page
www.linkedin.com
15 employees on LinkedIn®
Tanvi S.
TS
Overview Provided by:
Tanvi Surti

Recent Luca Reviews

Michael W.
MW
Michael W.Mid-Market (51-1000 emp.)
5.0 out of 5
"Luca"
- The team. Tanvi and Yonah are both strong leaders who are willing to listen to our problems, and help us find solutions. - The tool - Luca has ...
Read more
Verified User
U
Verified UserEnterprise (> 1000 emp.)
5.0 out of 5
"Great team to work with and quick to onboard"
- Straightforward UI compared to the other solutions that have a steep learning curve - Hands on support from the founders who are available to ad...
Read more
Verified User
U
Verified UserMid-Market (51-1000 emp.)
5.0 out of 5
"Very powerful tool, at half the price"
Was a little nervous about working with a startup, but the Luca team went above and beyond. Onboarded and using the tool in 14 days, with minimal i...
Read more
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3 Luca Reviews

5.0 out of 5
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3 Luca Reviews
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Luca Pros and Cons

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Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
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Cons
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Michael W.
MW
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Luca?

- The team. Tanvi and Yonah are both strong leaders who are willing to listen to our problems, and help us find solutions.

- The tool - Luca has helped us establish pricing for our Canadian site as well as our US site. While the tool runs on AI, I still feel like we have an impact on the strategy and different needs that come with running a food business.

-Growth. It's a new company, but one that is adding in new features consistantly. Review collected by and hosted on G2.com.

What do you dislike about Luca?

I'm struggling to think of any. I'll go with their lack of EDI integration. Review collected by and hosted on G2.com.

What problems is Luca solving and how is that benefiting you?

Pricing strategy. Takes inputs such as inventory, code date, and velocity into account. We have over 200 items and there is no way we could do that manually. Review collected by and hosted on G2.com.

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Verified User in Retail
UR
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Luca?

Was a little nervous about working with a startup, but the Luca team went above and beyond. Onboarded and using the tool in 14 days, with minimal intervention from me. Saved me a full time pricing hire. Review collected by and hosted on G2.com.

What do you dislike about Luca?

nothing so far. Its still early days, but the tool is powerful. Review collected by and hosted on G2.com.

What problems is Luca solving and how is that benefiting you?

Base Pricing management for a grocery marketplace, with a focus on hitting AOV targets. Review collected by and hosted on G2.com.

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Verified User in Retail
UR
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Luca?

- Straightforward UI compared to the other solutions that have a steep learning curve

- Hands on support from the founders who are available to address issues at any time on any day Review collected by and hosted on G2.com.

What do you dislike about Luca?

- Doesn't have deep features in the promotion and markdown space. Base pricing module is solid. Review collected by and hosted on G2.com.

What problems is Luca solving and how is that benefiting you?

We are an apparel brand that is launching new products every quarter. Luca is helping us set up competitive base prices for our product line. Review collected by and hosted on G2.com.

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Omnia's Dynamic Pricing is pricing optimization software based on price elasticity of products through an intelligent core algorithm. This algorithm incorporates data from your internal systems (e.g. product and sales data) with other data sources (e.g. Google Analytics), to generate new, optimal prices for you, without you having to lift a finger.
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Luca Categories on G2
Pricing
Pricing

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Luca