market roundup e-businesses goes multilingual
In a world’s first, retail analytics and pricing intelligence company Intelligence Node unveiled a multilingual feature at World Retail Congress 2016 in Dubai for its pricing and merchandizing platform that enables e-businesses to run global channels efficiently by converting both language and currency in real-time. “We believe this is the next growth area of market dynamics as the
country boundaries slowly disappear as e-retail expands,” explained Yasen Dimitrov, CAO of Intelligence Node. “Utilizing our platform, e-retailers can capitalize on pricing inefficiencies and profit from merchandizing trends”.
InternetRetailingExpo at NEC
The latest innovations and trends in multichannel retail will be revealed at the InternetRetailing Expo 2016, at the NEC, Birmingham on 27 and 28 April. Companies including SAP, Google, Amazon, Alibaba and Segura will
present their latest products and join the discussion at IRX 2016, which is co-located with eDelivery Expo (EDX), Europe’s only dedicated multichannel delivery event. All new key retail, eCommerce, mobile and delivery trends, as well as the developments that are currently shaping the multichannel landscape, will be addressed. New products set to revolutionise the way multichannel retail works will also be presented at the show. The features and discussions at IRX will guide retailers towards finding the perfect balance for their multichannel strategy, while EDX will take visitors on a journey of discovery to illuminate where the future lies for their multichannel operations. The Expos will have spaces dedicated to the global commerce, retailing and the payments industries, such as the Innovation Pavilion, the Digital Payments Theatre and the Marketplaces Theatre. In addition, visitors will be able to discover the latest technologies that are driving the ‘bricks meets clicks’ revolution and integrating digital innovation in-store, from a host of exhibitors across the show floor. Free registration available at
www.internetretailingexpo.com and
www.edeliveryexpo.com
Investly launches P2P finance platform for retailers
A common problem in the retail sector is that businesses are crippled by payment terms of 60, 90 and even 120 days. Peer-to-peer invoice finance platform Investly offers small and medium sized businesses (SMEs) within the retail sector a more straight forward invoice finance option, giving them almost instant access to much needed working capital to aid growth. Ruth Chamberlain, Investly’s UK country manager, said:
“Investly brings together investors with growing SMEs in need of vital capital. Our concept, expertise and technology allows businesses to be the best they can be by making the invoice finance process as simple as it has ever been. After in-depth market research, we believe that this product is perfect for the retail sector.” Investly has simplified the product so that once credit checks
have been cleared, SMEs can sell invoices to investors within two days. Therefore given the ability to assign the money to buy new products, material, services or increase staff - aiding growth and enabling them to be the best they can possibly be without the cash flow worries.
AmazonPayments launches white paper
Nearly three quarters of purchases are abandoned at the checkout stage. 20% of people say that it’s because the payment process simply takes up too much of their time. Consumers’ time is becoming scarcer, with more and
more demands placed upon them, whilst at the same time an ever-increasing amount of entertainment options competes for their attention in the digital world. The recently released Amazon Payments’ white paper entitled ‘Time: The Real Digital Currency’ provides tips to increase online sales by optimising the time customers spent on your site. It shedding light on how merchants can better understand the time shoppers spend onsite to maximise conversion whilst turning browsers into buyers.
Amazon’s top tips to optimise your customers' time to
increase online sales… 1. Consider what customers want. Do your customers have a transactional relationship with your site or do they want to be entertained?
2. Map the customer journey by time. You need to know where customers spend time on your website. 3. Review site and basket abandonment rate. Map the customer journey against behavioral data to help detect friction points.
4. Cut down the checkout process. Select tools that enable you to offer a fast checkout
Visit
https://go.amazonservices.com/IRX2016.html to download the full white paper
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