Summary:
Stibo Systems, the global leader in Multidomain Master Data Management (MDM) solutions, today announced that it has been chosen as a Most Promising Retail Technology Solution Provider 2014 by CIO Review. Using Stibo Systems’ Master Data Management (MDM) solution, STEP, retailers can manage master data on a global scale and attain product and cross-channel consistencies in order to meet their omnichannel requirements. More importantly, STEP enables organizations to onboard products more quickly in order to improve profitability, performance and the overall customer experience. Global retailers and brands rely on Stibo Systems’ leading MDM/PIM solution to perform business-critical activities, which generate billions of dollars of revenue and produce better outcomes that allow their businesses to compete and grow.
Key Points:
- Retailers today are facing serious competitive pressures. The adoption of new sales channels, the abundance of product options and the emergence of mass personalization have led consumers to have higher expectations and become more price sensitive, leading to less brand loyalty than in the past. Managing information and synchronizing it across channels has become a pressing priority for retailers who are implementing an omnichannel strategy.
- Today, consumers are demanding more digital commerce options across e-commerce and mobile channels. Using STEP, both retailers and brand manufacturers can take control of their brands and add new sales channels to meet the expectations of empowered customers. They also can provide buyers with instant access to information via Web and mobile technologies so consumers can easily research, compare, review and evaluate products and brands before making a purchase decision.
- Industry leaders rely on Stibo Systems to provide cross-channel consistency by linking product and customer data, suppliers and other organizational assets, which enables them to make more effective decisions, improve sales and build shareholder value. Stibo Systems helps retailers maximize value from their product, customer, supplier, location and asset information. STEP supports new product introduction workflows and streamlines product onboarding so retailers can get products to market faster. This increases assortments, provides reference items to improve cross-sell and up-sell conversions, and enables marketplace/showrooming capabilities.
CIO Review Quote:
“As retail businesses grow and expand, their requirements for enhanced back-end operations have also dramatically increased, and companies like Stibo Systems have excelled at delivering the best technology and services,” said Pradeep Shankar, editor-in-chief, CIO Review. “In the past few months, we have looked at hundreds of retail providers and shortlisted the ones that are at the forefront of tackling the challenges merchants face across the retail industry.”
Stibo Systems Quote:
“Managing information and synchronizing it across channels has become a pressing priority for retailers who are implementing an omnichannel strategy,” said Mikael Lyngsø, CEO, Stibo Systems. “We are thrilled to be chosen as a Most Promising Retail Technology Solution Provider 2014 by CIO Review, which has recognized Stibo Systems for helping retailers speed time to market, reduce returns, optimize inventory levels, and streamline onboarding across a multitude of devices and channels.”
About Stibo Systems:
Stibo Systems is the global leader in Multidomain Master Data Management (MDM) solutions. Industry leaders rely on Stibo Systems to provide cross-channel consistency by linking product and customer data, suppliers and other organizational assets. This enables businesses to make more effective decisions, improve sales and build shareholder value. During the last 30 years, Stibo Systems has helped hundreds of companies to develop a trusted source of operational information. A privately held subsidiary of the Stibo A/S group, which was originally founded in 1794, Stibo Systems' corporate headquarters is located in Aarhus, Denmark. For more information, visit www.stibosystems.com.
