What is PIM & how much does it cost? (2022 Edition)

01 Jan What is PIM & how much does it cost? (2022 Edition)

Posted at 06:43h in Featured by Nuzhat Assad

Table of Contents

Before the introduction of the data age, companies used to deal with data management on paper sheets and sheets of excel. With the age of data, companies with extreme amounts of data are now moving to tools that track their product information and this data for them helps them make decisions.
E-Commerce is an ever-changing landscape, and with the addition of new sales channels like retail stores, print catalogs, dealers, and personal selling, it is becoming impossible for human hands to manage the data. All this can be handled through PIM software. Ecommerce Marketing teams are now able to use this data to make informed decisions and set their goals only because of the reporting and analytics provided by the PIM software.

Ecommerce development companies now provide support for PIM solutions as well and act as installation partners with eCommerce companies and retailers.
Keeping all this in mind, we have researched for you so you don’t have to do it and compiled how much a PIM software costs in 2022.

What is a PIM Software? and How does it work?

A PIM software helps manage product data across multiple product distribution channels. Due to its centralized structure, all the teams have instant access to that product data in an organization as the real-time single source of truth.
PIM software covers data that assists in all the aspects of selling. This includes, but is not limited to, the product catalog, product descriptions, SKU product attributes, pictures, product resources, guides or technical specs, videos, and any relevant reference numbers, production information, and warehouse information.
Some of the most well-known brands out there in the market are PIM systems like Akeneo (Open Source and Enterprise well known for connecting to Magento and Wocommerce sites), Salsify (Enterprise), inRiver, Pimcore (an open-source option), and Apimio (Well known for connecting with Shopify sites). If you are looking to purchase PIM software you should check out our list of prices and their comparison is given below.

If you re looking for an integration of a PIM into your store, or need Magento Development, Woocommerce development, or Shopify Development contact us!

Important PIM Software Features

Some of the features that PIM software often includes are stated below:

Product Content Management (PCM)
Product content management (PCM) involves overseeing content around the
product, such as interpretation, characteristics, benefits, product names, and more.
Product data management (PDM) is more about the data of the product, including
cost, sales data, units of measure, technical specs, and more.
Catalog management ensures you can manage product data across your entire product
catalog, as well as manufacturing benefits such as images, logos, and videos.
Data enrichment involves upgrading the overall standard and precision of the product
data, through pulling from more data sources, with more clarity, and providing data cleaning
proficiency.
Relationship management (CRM), acquire order management, order execution, and more.

Product Experience Management Software (PXM): PXM software is closely related to PIM software, but PXM software adventure. It’s meant to help ensure clients find exactly what they need, regardless of which income or e-trade platform they may be in, focuses extra on the consumer’s enjoyment of the product, through the entire customer appearing with.

PIM Software Cost in 2022

As with any type of software, costs can vary greatly depending on the type of software and the different needs of users. The same is true of product information management software.
Factors that can affect the cost of PIM software include licensing fees, customization, implementation, schooling, a wide variety of customers, and any ongoing upkeep. Once you pinpoint your needs in terms of every one of those factors, you’ll be able to nail down a quite exact value range for the kind of software you need.
Costs for PIM solutions may be broken down into fees associated with analyzing your desires, aligning the solution along with your corporation, imposing the answer, and licensing fees. Once you determine every one of these classes, you’ll have a better idea of what the general cost of PIM software is going to be
Each business is going to require different things from a PIM solution. So the PIM solutions available in the market focus on different USPs.