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Online Retail and Conversational Commerce: Why the Two Go Together Today

In the modern era of online retail, conversational commerce has a pivotal role to play. Conversational commerce allows eCommerce stores to connect with customers at every step of their customer journey.

Against those aggressive banners and pop-ups, conversational commerce opens up the doors of dialogue between you and your potential customers. As a result, you can establish a long-lasting connection with them.

Digital and online retail businesses map out their customers’ journey in the following stages:

  • Awareness

Awareness is a stage when the consumer realizes that he has a problem. To solve the problem, the consumer hunts the market to discover you in the process.

This is the most important stage in the entire funnel, and conversational tools help you connect to your customers who have just begun their journey and are looking for agencies like you.

  • Consideration

The consumer has already conducted preliminary research and learned a bit about your company.

At this stage, they are looking for more information, comparing you with all available competitors, reading reviews, and case studies to either close or abandon the purchase.

Conversational AI helps you break the ice and you can give more information to your customers to help them get to know the offer.

  • Decision

So, this is the stage when the consumer will decide to purchase. Do not stay under the impression that as the consumer has arrived at this stage on your laurels, he will make a positive decision. You still need to assure your customer and channel their decisions in the right direction.

Conversational AI will keep the spark of communication on and also strengthen the customer’s decision.

  •  Retention

In case you were successful to push your consumer to this stage, it means you have provided all the information that you could. However, you must not stop here.

It is time that you take care of all your customers who have arrived at this stage and try to retain them for future purchases.

Let conversational AI help you send personalized messages from time to time and respond to feedback if any.

By now you are probably convinced how conversational commerce helps you grab the attention of your customers toward your brand and increases the credibility among future consumers.

Read More: SalesTechStar Interview with Jonathan Lister, COO at Vidyard

Let us now see the benefits of conversational commerce for your online retail brand.

1. Reduce cart abandonment

70% of shopping carts are abandoned due to various reasons. While it is a serious issue, we must work on the root cause of the problem.

One of the primary reasons that people do not finalize their purchase is the high shipping costs. On top of it, customers are discouraged when they have to create an account and undergo a confusing checkout process.

So, how does conversational AI help you reduce cart abandonment?

  • Brands can leverage the technology and send proactive greeting messages to customers via live chat. They can offer support to the customers to fill out any forms required and complete the purchase.
  • Use social media checkbox Plugin: Social media plugins allow the brand to detect active sessions on the platform and connect with users who have finalized their orders. Brands can offer discounts to add more incentives to their purchase.

 2. Close potential deals faster

Support your customers using the power of conversational commerce. As 49% of the customers love the option of messaging over a phone call, conversational AI helps to close the deal faster. You can:

  • Send customized live chat greetings.
  • Use a chatbot on the checkout page
  • Use chatbot reminders.

3. Direct messages to support consumers

Your brand may have easy-to-understand products but when a few products have complex features, direct messages through conversational AI will let you reach out to your customers.

4. Collect feedback

Collecting feedback from your customers is essential, and when you do it through natural conversation, it is much more effective.

5. Offers cross-selling and upselling opportunities

Conversational AI helps you with cross-selling and upselling opportunities that double your profits by retaining old customers. Technology helps brands connect with an old customer through a messenger chatbot.

That said, some of the popular types of conversational AI you can use an online retail brand are live chat, chat bots, messaging apps, and voice assistants. Identify the kind of conversational AI that works for your organization and leverage the power.

Read More: ICM in recessionary times

Rounding Up

Conversational commerce allows online retail stores to connect with customers throughout their buying journey. All online stores can leverage this facility to sell products and services during conversations. Brands must remember that conversational commerce will work for them only when it is tailored according to the needs of the consumers. Do it right to get the best results.

Loren Data Launches New Annual Plan with Self-Enablement Process for ECGrid Network

POWERED BY INNOVATION

Loren Data has created ECGrid Express, a program allowing EDI-capable businesses to quickly onboard the ECGrid network.

Loren Data Corp., a B2B messaging platform technology leader, announced today a new expedited process for select clients to onboard their ECGrid network.

In response to a demand in the market, Loren Data created ECGrid Express, a program that allows EDI-capable businesses with low EDI transaction volumes and trading partners to quickly onboard the ECGrid network with complete control. Through a simple online registration process, users gain access to the entire ECGrid network, including their own portal interface and all of ECGrid’s innovative features. Once on the network, users self-enable their connectivity to trading partners and begin exchanging EDI transactions almost immediately.

“Supporting EDI can be a challenge for many businesses, especially small suppliers to retailers. The delay in implementation can impact their supplier scores and result in costly chargebacks,” states Loren Data’s CPO, Jon Gatrell. “We developed ECGrid Express so organizations could set up their EDI VAN connection in mere hours to start exchanging data with their trading partners quickly.”

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ECGrid Express is offered for a pre-paid annual fee, with multiple tiers available. Organizations can control their EDI implementation on their terms, budgets, and timelines and avoid the hassle of monthly invoicing, all with the same reliable ECGrid network backbone customers know and trust.

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Loren Data Corp. is a leading B2B eCommerce and secure transaction network company, providing innovative, efficient, and high-value solutions for businesses to collaborate with an integrated supply chain. With its flagship cloud and web services offerings, ECGrid, Loren Data delivers a world-class, self-service, unified EDI and B2B messaging platform for Managed Service Providers and Global 2000 companies to transact business with their trading partners with rich API support and legacy network connections.

Write in to psen@itechseries.com to learn more about our exclusive editorial packages and programs.

Gong Recognizes Ten Companies Driving Efficient Growth with Revenue Intelligence

2022 Golden Gong Awards showcase companies using Gong’s automated insights to deliver strategic business results

Gong, the Revenue Intelligence leader, today announced the winners of the third annual Golden Gong Awards, which recognizes companies using Gong to help their sales teams drive efficient revenue growth.

Ten companies were selected as winners based on their use of the Gong Reality Platform to increase sales productivity, improve deal execution, and help ensure the success of strategic initiatives, especially as market needs change. Gong supports revenue teams’ most critical workflows in one platform to understand pipeline risks and opportunities, and prompt revenue teams to take action accordingly. With this understanding, organizations can increase sales productivity and pivot their revenue strategies to better address changing market needs.

“More companies are choosing to consolidate their sales technology stack on the Gong platform because of its ability to increase revenue teams’ productivity, improve decision making, and drive efficient growth,” said Bríon O’Connor, CMO, Gong. “This year’s Golden Gong Awards recognizes the companies that have adopted this approach to transform their revenue organizations and grow strategically despite economic challenges.”

The 2022 Golden Gong winners are:

  • The A-Team (NEW)  Best Use of Gong Across Your Organization Story: Alpine IQ
  • The Captain – Best Gong for People Story: Greenhouse Software
  • The Globetrotter (NEW) – Best Use of Gong Across Countries Story: Mimecast & Indeed
  • The Innovator – Most Creative Use of Gong Story: Datarails & Demandbase
  • The Most Valuable Player (MVP) (NEW) – Best Use of the Entire Gong Platform Story: DemandScience
  • The Powerhouse (NEW) – Best Gong for Performance Story: Andela
  • The Strategist – Best Gong for Strategy Story: MasterClass
  • The Visionary – Best “We Switched to Gong” Story: Rollworks

The Golden Gong Awards is an annual initiative to recognize companies leveraging revenue intelligence in an innovative way. This year’s winners were selected from 183 total nominations across 101 customer accounts.

Quotes from the Golden Gong Award Winners

Alpine IQ initially started using Gong solely for their customer success team and later brought Gong into the sales and marketing team.

“Gong is a pivotal part in Alpine IQ’s day to day operations. Our marketing team uses Gong to improve sales’ materials by listening to demos and pulling keywords for company-wide materials. The sales team save and share demos through Gong as well as use interaction insights to better improve sales calls,” said Alesia Anderson, Marketing Brand Manager, Alpine IQ. “Gong was instrumental in Alpine IQ’s 74% growth in recurring monthly revenue in 2022.”

Greenhouse Software used Gong to help reinforce the training for its sales force (Small Business and Mid-Market Account Managers) around a new product that had recently been launched.

“At Greenhouse we strive to create a culture that fosters innovation and encourages our employees to think differently,” shared Jessica Clay, Senior Program Manager, Sales Enablement, Greenhouse Software. “Last year our Small Business and Mid-Market Account Management teams took a new approach to a product launch and we developed a biweekly game-film series using Gong. Gong provided a practical approach for managers and peers to discuss new ways of positioning the value of our product. This out-of-the-box thinking led to a significant improvement in our feedback loop and contributed to more than doubling our product revenue.”

Indeed – the #1 job site worldwide – decided to roll out Gong globally because they needed a solution to help them understand and serve the diverse needs of their international audience. Indeed’s global mission is to help people get jobs, and Gong has given the company the ability to capture calls from different countries and understand the unique cultural contexts of each region.

“We have used Gong.io’s advanced analytics to optimize our sales process in different regions, tailoring our approach to fit the specific needs and preferences of our clients,” said Nathan Davison, Manager, Learning and Development, who leads the continued education support at Indeed. “This has been particularly useful since we launched the ‘Indeed Way Methodology’ to Sales and Support to over 6000 reps globally in the past two years across all of our markets, and Gong has given us greater insight into what is working well, who is doing it best, and how we can model and evolve our approach based on this new level of insight.”

Mimecast has deployed Gong in nine different countries, all of which have a high adoption rate of the platform. It has helped the team provide a consistent Mimecast story when engaging with customers in each of their global theaters.

“Last August, we announced our new Work Protected branding and messaging, and it was extremely important that reps across all our locations were using it consistently in all customer-facing content. With Gong trackers and call filters, we have been able to set up saved searches to highlight examples of when new messaging has been used effectively and also flag when old messaging or content is used,” said Ian Gwynne, Technology Enablement Architect, Mimecast. “This helped us identify that we needed to provide better hands-on training in regions where time zones are difficult to manage, which led us to hire an enablement manager in a specific region to ensure that we are providing consistent support.”

Datarails put Gong data at the center of its unique marketing campaign, where it had celebrities recording quotes from real Gong calls to show the problems that CFOs and Financial Planning and Analysis teams face on a daily basis, but do not talk much about.

“Getting celebrities from shows such as The Sopranos and The West Wing to narrate real-life problems of financial planning and analysis, as recorded on Gong calls, helped to show us a human brand who deeply understand the challenges of our target market,” said Jonathan Marciano, Director of Communications, Datarails. “Content such as this helped enable Datarails to grow at 3x ARR last year.”

Demandbase’s enablement team recently began hosting bi-weekly knowledge-sharing sessions they affectionately call, “Gong GOATs Live,” showcasing the best sales tactics captured by Gong.

“Each week we take a section or subsection of our playbook and focus on improving that specific skill,” said Jay Tuel, VP GTM Strategy, Demandbase. “For example, one month, we focused our Gong GOATs Live on learning to do outstanding discovery. The following month, we saw conversion rates to pipeline improve 8% for new business and 26% for upselling.”

Read More: SalesTechStar Interview with Ang McManamon, VP of Sales at Crunchbase

DemandScience uses Gong to tie their revenue intelligence all together. While they initially switched from an alternative solution to Gong, they immediately observed greater benefits beyond the initial use case of getting conversational insights.

“We use everything from trackers to understand trends with our prospects and clients, but also market trends to help our product and marketing teams understand some of the sentiment in the market around certain initiatives. It’s helped lead our product development and get ahead on certain decisions,” said Eric Choronzy, SVP, North America Sales, DemandScience, “We’ve also onboarded Gong Forecasting globally as we finally made forecasting a priority going into 2023. Additionally, we’re beta users on Gong Assist, and see that as something we may onboard as well in the near future. Basically, we’re a full blown Gong shop over here, and are happy we made this decision.”

Andela is the largest flexible network for on-demand, high quality remote digital talent leaned in heavily to its use of Gong in 2022, and saw its go-to-market organization transformed.

“As a fully remote company, we were looking for ways to improve our ramp times for new hires. We leverage various platforms to help facilitate a remote onboarding experience, but once we implemented Gong everything changed. As we implemented new offerings, we needed a way to quickly share strong examples of top reps pitching the offering in order to ensure reps could perform at their fullest potential” said Kieran Smith, Senior Manager, Revenue Enablement, Andela. “Since leaning into Gong, we have reduced our time to ROI to 12 weeks, shortened sales cycles by a third, and shrunk the time between onboarding an SDR to booking their first meeting to just 16 days.”

Initially, RollWorks used a conversational intelligence solution to record its sales calls. Over time, they realized the need for a platform to deliver more deal insights around how activity was impacting pipeline and renewals, and made the switch to Gong.

“In 2022, we focused most of our enablement around up-leveling and up-skilling our reps. With the macro-economic impact on the MarTech industry, it was important to ensure our Sales and CS teams were properly showing up to customer conversations as advisors and leading with value,” said Cheryl Bisram, Sr. Director Revenue Enablement, RollWorks. “With Gong, we have seen an increase in productivity and a 57% increase in average contract value in 6 months. We have also seen an increase in our appointment to qualified conversion rate from 34% – 50% amid 100% Gong adoption from all AE, AMs, and CSMs.”

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RollWorks was also able to migrate their entire post-sale and renewal forecasting process to Gong boards. With unified Dealboard data, CRM data, and Gong’s AI trackers, they were able to analyze new product launch pitches as well as competitive conversations. It helped the team stay organized and focused on future quarters, helping improve their Net Dollar Retention 31 percentage points QoQ.

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Winning by Design Releases Realtime SaaS Benchmark Application

  • Winning by Design (WbD), in partnership with BenchSights, rolled out an interactive application that allows SaaS companies to benchmark their performance.

  • The new service provides real-time insights into important sales performance metrics.

  • The service is based on the bowtie, a data model that expands the marketing and sales funnel to include customer success metrics, particularly those around recurring revenue.

Winning by Design, the leader in accelerating and optimizing recurring revenue, released a benchmarking application today. The powerful new platform, built in collaboration with BenchSights LLC, empowers sales organizations with the benchmark data they need to assess and rank their sales performance metrics accurately. The best part? Revenue leaders can set up an anonymous, confidential account and get immediate, customized benchmarks against their metrics.

“Revenue leaders need hyper-relevant data in real-time to make important business decisions. Today these leaders rely on outdated rules of thumb or static benchmark data,” explains Jacco Van der Kooij, Founder of Winning by Design. “This static data is benchmarked against a conventional marketing and sales model, which does not cover the part of the customer journey in which recurring revenue is achieved. With this new benchmarking application, revenue leaders from SaaS organizations now have a valuable tool to understand better how their organizations are doing, evaluate performance, and rank themselves against peers.”

Read More: SalesTechStar Interview with Ben Calfee, VP Commercial Sales of Showpad

Sales and revenue operations leaders can freely access the site, set up anonymous, confidential accounts, and review customized aggregated data views. Over time, the data will expand to accommodate more detailed views. For example, as more companies contribute their data, the community will be able to assess how the current environment is affecting KPIs such as churn, sales cycle length, and discounting, relative to 2022 and 2021.

Read More: Digital Business Growth Exploding in 2023

“We are thrilled to be powering Winning by Design’s new Bowtie Benchmarking app,” said David Spitz, Founder and CEO of BenchSights. “WbD’s framework is perfectly suited for our platform. This community is eager to have benchmarks driven by real data tracked over time – precisely what our platform delivers.”

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Quantiphi and UJET Announce Partnership to Develop Specialized Virtual Agents for BFSI Powered by Qollective.CX

Quantiphi-UJET partnership offers turnkey solutions to help more enterprises in the BFSI industry

Quantiphi, an AI-first Digital Engineering company, recently launched Qollective.CX – an intelligent experience management platform that simplifies contact center transformation. UJET, Inc., the world’s most advanced contact center platform, will partner with Quantiphi and leverage the Qollective.CX platform to enhance its UJET Virtual Agent capabilities with pre-trained conversational skills for the banking and insurance industries.

Through the Quantiphi-UJET technology partnership, Quantiphi has built virtual agent templates designed specifically for customer service providers in the banking and insurance industries. UJET will offer these virtual agents pre-trained to handle common customer queries with ready-to-deploy capabilities, enabling banking and insurance contact centers to automate customer service operations with minimal setup effort. Qollective.CX allows UJET customers to deploy proven virtual agent experiences faster due to the several out-of-the-box templates, skills, and intents. Therefore, customers can access a quicker time-to-market alongside elevated virtual agent performance and simpler contact center integrations.

Read More: ZorroSign Launches New Apple Mobile App For Data Security Built On Blockchain

“With this strategic partnership, we aim to offer banking and finance organizations a turnkey solution for leveraging virtual agents at scale”, said Gaurav Johar, Global Practice Leader for Conversational AI at Quantiphi. “Qollective.CX integrates with the UJET platform to facilitate niche virtual agent capabilities and accelerate deployment velocity.”

“Innovative, forward-thinking organizations recognize the power of AI and are leveraging automation to expand contact center capabilities, increase effectiveness, and improve operational efficiency,” said Vasili Triant, Chief Operating Officer, UJET. “Qollective.CX technology from Quantiphi will enable UJET customers to quickly deploy industry-specific Virtual Agents to deliver more intuitive, human-like interactions, with faster speed to value.”

Read More: SalesTechStar Interview with Ben Calfee, VP Commercial Sales of Showpad

Redefining Banking Experience with AI

AI-powered virtual agents are a lucrative proposition for banking clients, enabling organizations to rise above customer experience challenges. Not only do virtual agents offer a fluid customer experience, but also provide cost savings. With modern customers embracing virtual agents, banking-specific virtual agents are more important than ever. When properly deployed and combined with live-agent support, conversational AI and virtual agents offer banking convenience to customers while enabling organizations to extract measurable returns on their AI investments.

Industry-tailored Virtual Agent Skills

At the outset, UJET Virtual Agent is packed with several domain-specific templates to assist banking and financial services customers with native use cases such as caller authentication, making payments and resetting account passwords, etc. Organizations can easily sync their customer data with UJET-supported CRMs to drive better virtual agent performance.

Banking and insurance providers can leverage pre-built capabilities or fully customize UJET Virtual Agent with engineering and optimization support to meet their customer experience goals.

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VMware Selects Renewtrak For Global Customer Retention and Growth

Renewtrak is pleased to announce a significant expansion of our relationship with VMware.

VMware selects Renewtrak for global customer retention and growth. Renewtrak is pleased to announce a significant expansion of our relationship with VMware.

VMware was faced with the following challenges:

“When we’ve earned the loyalty of over 500,000 customers globally, across a global partner community of 28,000, transitioning our perpetual contracts to subscription requires a renewals and sales automation solution that can scale across the long tail,” said David Pinto, Senior Director – Strategy, Planning and Operations, VMware Revenue Lifecycle Management.

“With a significant percentage of our contracts sitting within our long tail business segment, we require a low-to-zero touch renewals approach to support and enable our renewals-focused teams and our partners to extend customer touch points across the post-sales lifecycle journey.”

“By partnering with Renewtrak and adopting its automation platform, we were able to future-proof our highly transactional renewals business with an out-of-the-box, M/L and AI powered platform to improve productivity, cost efficiencies and global scale capabilities” David Pinto, Senior Director – Strategy, Planning and Operations, VMware Revenue Lifecycle Management.

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“By using Renewtrak, VMware was able to streamline its renewals process and leverage the platform’s capabilities to drive scalable customer engagements and revenue growth.”

— David Pinto

The Renewtrak Solution

VMware selected Renewtrak, a software solution that runs on Azure, due to its flexible renewals and digital sales workflow, as well as its collaborative approach to enterprise partnerships. This allowed VMware to easily integrate its renewals, perpetual-to-SaaS subscription licence conversion efforts, workflows, and quoting systems into a single, easily deployable architecture. By using Renewtrak, VMware was able to streamline its renewals process and leverage the platform’s capabilities to drive scalable customer engagements and revenue growth.

Unlike homegrown, outsourced, and traditional renewals software, every aspect of Renewtrak’s renewals is built to optimise the renewals process for sales, customer success, renewals, and operations teams. Renewtrak is powered by a machine learning architecture that is constantly learning from over 20,000,000 renewal interactions per year on Renewtrak’s platform. Renewtrak’s M/L powered engagement engine recovers 10% more revenue for their customers than those relying on traditional methods.

Renewtrak’s platform also provides teams with unparalleled adaptability and ease of use. Thanks to the flexibility of the core Ingestion API, VMware can now instantly add new products, new pricing, new geographies and transition customers to preferred product, pricing and billing models.

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Outcomes:

Now that Renewtrak’s infrastructure serves as the connective layer across VMware’s product offerings, VMware can grow lifetime customer value and reduce operational costs, leading to further opportunities to maximize revenue. “The increasing depth of our product suite is making Renewtrak a powerful revenue multiplier for software businesses globally– without them having to lift a finger,” commented Mathew Cagney, CEO Renewtrak.

“We’re thrilled that VMware chose to partner with Renewtrak to streamline the renewals experience across its product offerings.” With this partnership, VMware joins leading enterprises using Renewtrak today to scale and adapt. Renewtrak now processes more than $3 billion in renewals annually for its customers.

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DataCore Wins Silver Stevie Award for Outstanding Sales and Customer Service

DataCore Software announced it has been presented with a Silver Stevie® Award in the 17th annual Stevie Awards for Sales & Customer Service. DataCore received the award in the “Front-Line Customer Service Team of the Year – Technology Industries” category. With support centers located around the globe and staffed exclusively by Level 3 support engineers, DataCore delivers an unparalleled support experience.

“We’re thrilled that the Stevie Awards continue to recognize our commitment to putting our customers first, warranting us this prestigious honor for 10 consecutive years in a row,” said Dave Zabrowski, CEO at DataCore. “Through comprehensive support, training, and partner-enabled services, DataCore ensures that customers get the most out of their infrastructure to enable increased business growth and a maximum return on investment.”

Read More: SalesTechStar Interview with Bart De Muynck, CIO at project44

DataCore offers 24/7 global support and world-class customer service, including setup, configuration, and troubleshooting, earning a Customer Satisfaction Score of 99.6%. Through DataCore’s online support portal, customers have access to a wide variety of resources, including help articles, product documentation, software downloads and release notes, product requests, and training opportunities. In addition, DataCore provides customers with a range of integrated professional services by authorized and certified partners to enhance the storage environment.

The Stevie Awards for Sales & Customer Service are the world’s top honors for customer service, contact center, business development, and sales professionals. The Stevie Awards organize eight of the world’s leading business awards programs, also including the prestigious American Business Awards® and International Business Awards®. Award winners were determined by the average scores of more than 170 professionals worldwide on seven specialized judging committees. Winners were announced during a gala event attended by more than 400 professionals from around the world at Caesars Palace in Las Vegas on Friday, March 3.

“The nominations we received for the 2023 competition illustrate that business development, customer service, and sales professionals worldwide, in all sorts of organizations, have continued to innovate, thrive, and meet customer expectations,” said Stevie Awards president Maggie Miller. “The judges have recognized and rewarded their achievements, and we join them in applauding this year’s winners for their continued success.”

Read More: Why Accurate Forecasts Can Help Weather The Economic Storm

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Mekorma AP Solutions Certified by Acumatica

Electronic Signatures and Vendor Validation tools recognized as ‘Acumatica-Certified Applications’ by the Cloud ERP company

Mekorma announced that its AP automation software for vendor validation and electronic signatures for check payments has been recognized as an Acumatica-Certified Application (ACA). Acumatica, the world’s fastest-growing cloud ERP company, was recently recognized as a Leader in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Medium-Sized/Midmarket Business ERP Applications 2020 Vendor Assessment.

Acumatica is a comprehensive, browser-based Cloud ERP solution optimized for ease of use, adaptability, mobility, speed, and security. The ACA title highlights outstanding development partners whose applications have met the highest standards set for Acumatica integration and functionality.

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“We’re proud to recognize Mekorma Electronic Signatures and Vendor Validation tools as Acumatica-Certified Applications. They masterfully utilize Acumatica to meet customers’ evolving business demands.”

— Christian Lindberg, Vice President of Partner Solutions at Acumatica

“Customers who want to stay competitive need flexible, responsive technology to execute their long-term business strategies,” said Christian Lindberg, Vice President of Partner Solutions at Acumatica. “Our ACA label is built to help customers find applications capable of delivering that. We’re proud to recognize Mekorma Electronic Signatures and Vendor Validation tools as Acumatica-Certified Applications. They masterfully utilize the Acumatica platform to meet customers’ evolving business demands.”

Mekorma has proven its commitment to quality by successfully passing the Acumatica software certification and aligning with future of Acumatica roadmap releases, earning the title of an Acumatica Certified Application developer.

“We’re delighted to receive this kind of recognition from the Acumatica developers themselves,” said Adriaan Davel, Acumatica Practice Manager. “Mekorma is a recognized leader in AP solutions and ERP integration, but we’re a relatively new ISV partner in the Acumatica community. This is a testament to our commitment to our customers, and the depth of our integration with the Acumatica platform.

Read More: Business Leaders are Turning to AR to Onboard and Train Frontline Workers

Mekorma Vendor Validation tools automatically verify TIN numbers with the IRA database and check vendors against the Office of Foreign Assets Control (OFAC) sanctions list. These are critical validations that AP teams have to perform manually, and often are neglected. The penalties for non-compliance can be significant – Mekorma’s applications protect AP departments from potential financial and legal risk.

Mekorma Electronic Signatures is an AP check printing solution. The app integrates with Acumatica’s Payment Approval Workflow and allows AP teams to print electronic signatures on checks, based on dollar threshold amounts and defined security rules. This relieves executives and financial leaders from the burden of hand-signing checks.

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DocuSign Announces CFO Transition Plan

Cynthia Gaylor to step down as CFO later this year; Company commences search process

DocuSign announced that Cynthia Gaylor has informed the company that she intends to step down from her position as Chief Financial Officer in the coming months. DocuSign has initiated a search led by Chief Executive Officer, Allan Thygesen, to identify the company’s next CFO. Gaylor will remain in her role to ensure a smooth transition, including through the announcement and filing of the company’s Q1 FY2024 results.

Gaylor was appointed CFO in September 2020, and prior to that served as a member of DocuSign’s Board, including as Chair of the Audit Committee.

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“Cynthia has been an instrumental part of DocuSign’s story. We have benefited from her unwavering commitment and leadership these last few years, and we are grateful for the strong foundation she leaves behind,” said Allan Thygesen, CEO of DocuSign. “Her countless contributions include guiding the company through tremendous growth and serving as a stabilizing force during significant market adjustments and leadership changes. I want to thank her for her partnership during my tenure as CEO and her willingness to support a seamless transition before she moves on to her next opportunity.”

“It has been an honor to serve as DocuSign’s CFO the past few years, and to work alongside the talented team we have in place across our CFO organization and DocuSign more broadly. Together we have played an important role in shaping how the world agrees. I am proud of what we accomplished together and am excited for the future,” said Cynthia Gaylor, CFO of DocuSign. “DocuSign is well positioned for success, and I look forward to ensuring a seamless transition in the coming months.”

Gaylor’s planned departure is not a result of any disagreement regarding the company’s financial statements or disclosures.

Read More: ICM in recessionary times

Fourth Quarter and Full Year Fiscal 2023 Results

In a separate press release issued today, DocuSign announced its fourth quarter and full year fiscal 2023 results. The company will host a conference call at 1:30 p.m. Pacific Standard Time (4:30 p.m. Eastern Standard Time) to discuss its financial results. A live webcast of the event will be available on the DocuSign Investor Relations website at investor.docusign.com.

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Sysdyne and Slabstack Alliance Connects Ready-Mix Concrete Operations, Delivery Management, and CRM Software Platforms

SYSDYNE | Ready Mix Software. Simplified.

Slabstack’s Integration to Sysdyne’s Cloud-Native Software Platform Streamlines Workflows and Boosts Enterprise-Wide Data Visibility.

Sysdyne Technologies, the Leading Cloud-Native Software Platform for Ready-Mix Concrete Producers, and Slabstack, the first concrete Sales and Business Management Platform, announce a new collaboration partnership. This will widen the aperture of visibility into real-time and actionable information for their shared customers, as data and workflows across operations, delivery management, and customer relationship management (CRM) software are streamlined. The integration between their respective software platforms will remove challenges associated with manual processes and siloed data stores when a ready-mix producer’s batch, dispatch, and delivery management solutions run separately from their CRM system.

“For too long, Ready-Mix Concrete producers have been tracking sales opportunities using spreadsheets, or a CRM disconnected from their dispatch and batch applications,” said Aymeric Halvarsson, CEO of Slabstack. “We are excited to now have Slabstack’s sales solution fully integrated with Sysdyne’s ConcreteGo dispatch product, which will enable customers to focus more energy on selling, producing and delivering concrete efficiently and more profitably.”

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Both Sysdyne and Slabstack are modern cloud-native technology platforms. The connectivity is an open application programming interface (API) that provides simpler, reliable, and scalable ways for their applications to communicate and interact with each other, delivering a friction-free experience for users across products.

“I admire Slabstack’s focus on the concrete industry and their strong desire to lift the industry up via technology,” said Jill Zhang, President and CEO of Sysdyne. “We share these values with them. I like Slabstack’s ‘we win together’, more open approach, to serving the greater good for people in ready-mix.”

Both Sysdyne and Slabstack are exhibiting at the upcoming CONEXPO – CON/AGG show in Las Vegas, March 14th through 18th, in the North Hall of the Las Vegas Convention Center. Stop by Sysdyne (Booth #N11925) and Slabstack (Booth #N13154) to learn more about their collaboration partnership or to see a demonstration of their respective software platforms.

Pre-scheduled and open 30-minute demonstration times during CONEXPO – CON/AGG are 11:00AM Tuesday, Wednesday and Saturday, and 3:30PM Thursday and Friday. These will be held in Sysdyne’s exhibition booth. Slabstack has engaged the NASCAR RACING EXPERIENCE team to offer attendees an opportunity to win three (3) Racing Sessions on the track of winner’s choice. To enter, pre-schedule a Slabstack demo at CONEXPO. Attendees can pre-schedule Sysdyne product demonstrations.

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