Top rankings for Revionics appear in Innovation, ROI, Quality of Service and the All-Important Strength of Recommendation Top-10 lists
If you could cut your way to success and profit, every retailer would wield a gold-plated budget ax. Unfortunately, the ax approach isn’t a sustainable business model. So, what is? And how can technology help deliver hard-to-come-by success that goes to the all-important bottom line?
Revionics believes it has the answer and it can be found through profit optimization software, which focuses on leveraging predictive analytics and demand-based science for pricing, promotions, markdowns and macro space solutions that optimize core merchandising strategies.
Revionics has worked hard to expand its end-to-end merchandise optimization solutions and recently announced the acquisition of Marketyze, an advanced online competitive pricing intelligence, inventory optimization and merchandising solution. These moves have been met with a track record of success in the retail marketplace and also in results found in the 2015 RIS Software LeaderBoard, which uses data about customer satisfaction (i.e. retailer satisfaction) to produce head-to-head vendor rankings.
Top LeaderBoard Results
A major takeaway from the results in the LeaderBoard is the recognition that Revionics is one of the leading software vendors in the area of technology innovation. Revionics scored a #3 finish in the Leaders in Technology Innovation top-10 list, which includes rankings for all 50 vendors that qualified for evaluation in the LeaderBoard research process. As a vendor working in the cutting-edge area of predictive analytics and optimization science, it is validating to see Revionics appear as a leader in the Technology Innovation top-10 list because it means its solutions are succeeding in the field and are able to achieve high levels of customer satisfaction among retail users.
Other top-10 lists where Revionics scored well include: Leaders in Quality of Service and Leaders in Return on Investment, both of which are essential in achieving high customer satisfaction.
One retailer combined all of the above attributes in a comment that explained why he voted for Revionics the way he did: “Revionics has an amazing level of service and is committed to providing support to help achieve our company goals. I am looking forward to expanding our business with Revionics.”
“Revionics offers an excellent product that does exactly what we expected. The implementation was very simple and methodical. The support players have been extraordinary. I could not be more pleased.”
Two other top-10 lists where Revionics achieved high scores are Customer Satisfaction for Targeted Solution Vendors and Leaders in Recommendation. Both are worth calling attention to for different but important reasons.
A high placement in the top-10 list for Customer Satisfaction for Targeted Solution Vendors means that Revionics scored well when exclusively compared to similar software providers — those who offer targeted solution sets instead of massive, multi-function, ERPtype platforms.
In Targeted Solution top-10 lists the ERP-platformtype vendors are filtered out. Note that the LeaderBoard defines a targeted solution vendor as one that has 20 or fewer software modules or applications in its suite. When vendors are sorted this way and the focus is strictly on Customer Satisfaction scores (Retail Recognition and Revenue Factor, two other LeaderBoard datapoints, are filtered out), Revionics emerges as one of the leading software providers.
Another noteworthy achievement occurs in the high ranking that Revionics achieves in the Leaders in Recommendation top-10 list. In some ways, this is one of the most important lists among the 51 lists featured in the LeaderBoard (50 top-10 lists and one top-20 list).
When measuring Customer Satisfaction nothing tells more about the strength of a user’s opinion than the answer to the question: Would you recommend it? Not only did Revionics achieve a high placement in the Leaders in Recommendation top-10 list but it did so without any filtering or sorting of companies. This list aggregates scores from all 50 vendors that qualified for evaluation in the LeaderBoard research process and makes Revionics’ achievement rare and important.
There is no better way to sum up Revionics’ stellar performance in the 2015 LeaderBoard than the actual words of a retailer who works with its software: “Revionics offers an excellent product that does exactly what we expected. The implementation was very simple and methodical. The support players have been extraordinary. Any issue we have had was minor and it was dealt with very effectively and quickly. I could not be more pleased.”
Source: Joe Skorupa, RIS