Yantriks Announces Immediate Availability of its Personalized Fulfillment Platform
November 30, 2018 Press Releases
New Platform for Retailers and eTailers Delivers Fulfillment Personalization and Convenience e-Consumers Demand
November 20, 2018, Westborough, Mass. – Yantriks today announced the immediate availability of its Personalized Fulfillment Platform (PFP). The solution unifies inventory and fulfillment for retailers and eTailers in a single platform to create personalized digital commerce experiences that result in higher conversion rates, lowered abandonment, and increased customer satisfaction.
As retail brands look to provide a variety of fulfillment and delivery options for today’s e-consumers, the need for personalization remains paramount. Almost half of shoppers in a survey said the choice of a convenient and personalized delivery service is a key factor in the online buying decision stage. Additionally, 66 percent of shoppers bought goods from one retailer in preference to another because the delivery options were more appealing.
The Yantriks PFP powers an entirely new consumer-centric e-commerce journey by telling consumers how, when, and where they’ll receive their products as early as a website’s search page. Yantriks delivers the latest inventory and fulfillment features consumers demand such as view in-store availability, ship from store, and providing accurate and convenient delivery options and commitments. Further, Yantriks increases sales growth by creating the urgency to buy with features such as limited quantity alerts, order-by get-by, and accurate delivery dates growing. Lastly, the solution optimizes inventory and delivers operational efficiencies with dynamic safety stock and capacity.
Powered by Yantriks’ new Scaligent™ technology, the PFP operates at Internet speeds and is capable of 1,000s of transactions per second, with single to double-digit millisecond response times. Further, artificial intelligence (AI) automates the management of complex supply chain data needed to balance inventory exposure and fulfillment execution. Leveraging machine learning algorithms, the platform continuously monitors historical and real-time inventory data to dynamically adapt and optimize the fulfillment and delivery options retailers and eTailers present to their customers.
“We have already seen great success helping our customers rapidly modernize and transform their digital consumer experiences,” said Yantriks Founder Eugene Amigud. “Our customers have witnessed an average of 30 percent increase in cart conversion, 27 percent reduction in abandonment, 12 percent increase in sales revenue and a six percent growth in customer acquisition.”
“As e-commerce websites continue to evolve to be more consumer-centric, so should a company’s fulfillment and delivery experience,” said Omar Akilah, Yantriks Vice President of Product Management. “Yantriks easily powers the latest omni-channel features consumers now demand such as ship to/from store, buy online pick up in store (BOPIS), and last-mile delivery. With Yantriks, we also help our customers create an urgency to buy with features such as limited quantity alerts, order-by get-by, and accurate delivery dates.”
The PFP is available as a public cloud, private cloud or on-premise software and includes out of the box adapters for OMS and inventory systems, as well as an open API for custom integration. Click here to schedule a demo of the Yantriks Personalized Fulfillment Platform.
With a unique combination of technology and professional services expertise, Yantriks helps industry-leading retail brands unify inventory and fulfillment data into a single platform to create personalized digital commerce experiences that result in higher conversion rates, lowered cart abandonment, and increased customer satisfaction. The company was founded in 2014 by experts in the eCommerce and order management industry and has offices in Westborough, Mass. and Bangalore, India. Learn more at http://www.yantriks.com/.
Yantriks media contact:
+1 209 852 9027