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Digital Commerce Releases NEW Omnichannel Retailing Research & Data

Ecommerce Research & News – Digital Commerce 360

Digital Commerce 360’s all-new 2023 Omnichannel Report analyzes omnichannel trends in today’s evolving retail world.

Today’s post-pandemic consumers have evolved into hybrid shoppers. They continue to research inventory online and take advantage of quick trips by using BOPIS or curbside services where they’re still available.

It’s more critical than ever for retailers to build effective omnichannel strategies and deliver a seamless shopping experience for customers.

Digital Commerce 360’s all-new 2023 Omnichannel Report is the ultimate guide to understanding how to effectively sell both online and in-store and provide an exceptional shopping experience for customers.

This report explores case studies on top omnichannel retailers like Home Depot, Tractor Supply Co., DXL, Perry Ellis and more, and analyzes the omnichannel fulfillment methods offered by the 139 retail chains in the Digital Commerce 360 Top 500.

A helpful guide for both retailers and the vendors that service them, this Omnichannel Report is packed with the latest research and data on the evolving needs of shoppers and immediate changes retailers should make to meet their demands.

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KEY FACTS FROM THE REPORT:

—Only 21.2% of retail chains offer free return shipping—far less than the 45.7% of web-only merchants offering the option

—Buy online, pick up in store (BOPIS) services for retail chains in the Top 500 reached 82.7% penetration in 2023, up from 76.3% in 2022

—Curbside pickup among all Top 500 retailers plummeted in 2023 to 17.6% from 61.2% in 2022

—In 2023, 96.4% of Top 500 retail chains offered store locator services online

—The ability to schedule an in-store appointment at a retail chain dropped to 16.5% in 2023 from 24.5% in 2022

—The 42 apparel/accessories retail chains in the Top 500 increased BOPIS services, with 85.7% offering the omnichannel fulfillment service in 2023

ANALYSIS INCLUDED IN THE REPORT:

—Extensive overview on the ecommerce market and current omnichannel trends

—25+ charts and graphs packed with all-new industry data

—Findings from our exclusive 2023 omnichannel survey of more than 1,069 U.S. consumers

—Analysis of the omnichannel fulfillment methods offered by the 139 retail chains in the Digital Commerce 360 Top 500

—Spotlight on mobile: how retailers are empowering consumers with apps that allow them to shop online and navigate omnichannel options

—Retailer case studies on Home Depot, Tractor Supply Co., DXL, Perry Ellis and more

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Jitterbit Showcases Strong Momentum Globally as Enterprises Embrace Hyperautomation Strategies to Ignite Business Growth

 Jitterbit, a global leader for empowering transformation through automation, today announced strong year-over-year momentum, growth across the globe, expanded partnerships and high customer-retention rates.

During the fiscal year, Jitterbit grew ARR significantly across all regions, adding hundreds of new client logos to its roster, including Johnsonville, Ethan Allen, Care.com and Virgin Australia. The company achieved record highs in its global e-commerce integration, growing e-commerce-related deal flow and ARR by over 100% globally.

Customer retention also reached an all-time high, demonstrating the company’s track record of enabling customer success and delivering first-rate client service.

Jitterbit’s growth reflects strong demand for its comprehensive automation solutions as leaders across industries look to accelerate time to value by speeding up app development and automating business-critical workflows. Faced with increasing challenges, companies today are finding every possible opportunity to increase efficiency, productivity and profit. That means deploying better system integrations to automate as many business processes as possible, from Commerce to Customer Service to Employee Management, and more. Jitterbit brings together the power of integration, API management, EDI and no-code app development, enabling companies to achieve their digital transformation and hyperautomation goals, faster.

“Jitterbit’s hyperautomation vision is resonating strongly across the global marketplace as demand for effective, unified integration and automation solutions continues to grow. Today’s forward-looking companies know success lies in streamlining operations to maximize revenue growth, and we are proud to help our customers achieve these goals,” said George Gallegos, CEO of Jitterbit. “We believe hyperautomation is the future and Jitterbit is uniquely positioned to lead that charge forward, accelerating not only our own growth but that of our customers and partners as well.”

Global Growth

Following Jitterbit’s acquisitions of eBridge Connections in Canada, Wevo in Brazil, PrimeApps in Turkey, and more recently, Zudy, Jitterbit successfully integrated those businesses into the fold, making it seamless for enterprises to automate their business workflows anywhere around the world.

Jitterbit launched and strengthened partnerships globally with major players including AWS, BigCommerce, BMC, Samsung, ShipStation, Shopify, and THG Ingenuity.

Jitterbit has seen tremendous growth in LATAM, scaling the region through new client and channel partnerships, and expanding the ecosystem by adding more than 20 resell and referral partners in its first year in the region, while consistently increasing ARR throughout the year.

Jitterbit grew its EMEA business with record customer net retention and customer expansion business, plus significant growth through its partner network, including upping its reach with partner BMC.

In APAC, Jitterbit continues to grow, welcoming dozens of new logos and expansions across the customer base.

North American customer growth was equally as strong. Jitterbit closed several six-figure deals, and grew its North American customer base with hundreds of new logos, and an equivalent amount of customer expansions, a testament to Jitterbit’s culture of exceptional customer service and support.

To drive partner growth across the globe, Jitterbit launched its new Powered by Jitterbit Partner Portal, offering a one-stop-shop for existing partners to connect, build revenue, develop marketing initiatives and educate their teams.

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Key Product Advancements

Jitterbit grew its number of native connectors, including new Salesforce and HTTPv2 connectors, by more than 2.5x during fiscal year 2023, an overall new single-year high, and enhanced the quality of many existing connectors. Significant performance enhancements were also made to Cloud Studio, which consequently saw a steady increase in users, doubling that of the prior year.

The company also invested in a number of other new product innovations, including a new Message Queue (MQ) Service, its cloud-based, multi-tenant message queuing service fully integrated into the Harmony Platform. Currently in beta, a number of major customers in the EMEA region have purchased the new service.

In 2022, Jitterbit also bolstered the Harmony platform with App Builder, a no-code application development tool to quickly build, deploy and maintain web and mobile-based apps. Suited for both developers and non-developers, the tool has been enhanced with richer UI capabilities and a new interface that allows easier access to data without compromising security. It enables IT and business teams to build business applications without custom coding, ultimately making app development up to 10x faster.

In addition, Jitterbit grew its library of technical documentation and enhanced its online learning program, Jitterbit University, with a record-number of learners engaging with its educational courses and certification program. It features both hands-on and lecture-based training for new and advanced users, IT operations teams and developers.

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Employee Growth

To support its continued growth, Jitterbit significantly expanded its headcount in 2022. The company welcomed 155 new employees across 14 countries and enhanced its customer satisfaction ratings.

Consistent, positive customer feedback on Jitterbit’s products and consultative, people-focused services model has earned the company year-after-year recognition by third-party sites including G2, where Jitterbit scored 4.6 out of 5 thanks to high customer ratings.

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Through New Strategic Partnership, Accenture and Conga Collaborate to Help Companies Transform Revenue Lifecycle Management

Accenture and Conga, a global leader in revenue lifecycle management solutions, have formed a strategic partnership to help clients transform their revenue lifecycle management processes—from price quotes and contracts to fulfillment and renewal services. Together, the companies are helping organizations around the world streamline and automate their revenue processes to drive efficiencies and support business growth.

“Companies of all sizes and across all industries have a critical need to increase revenue certainty and improve operational efficiencies”

The collaboration brings together Accenture’s delivery, advisory and industry experience and Conga’s revenue lifecycle management solutions to help global companies drive more predictable revenue. Focused on healthcare, life sciences, financial services, high-tech and industrial industries, Accenture and Conga have collaborated on engagements for dozens of clients.

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For example, they helped an electrical equipment client standardize its configure price and quote (CPQ) processes—which provide pricing data for thousands of products. Using Conga CPQ on the Salesforce platform, nonstandard, country-specific processes were replaced with a unified, global, cloud-based solution. Sales and finance teams can now create individualized quotes with real-time pricing data, and customers can quickly see the impact of decisions and changes. Offers can be produced in minutes, which has reduced operational and maintenance costs.

Michael Heald, senior managing director and Ecosystem & Growth lead for Accenture Strategy, said, “Managing and predicting revenue, especially in times of rapid change and constant global instability, is essential for organizations to stay competitive in their pricing and sales operations. Together with Conga, we can help organizations optimize their revenue lifecycle management to streamline and increase efficiencies in their operations.”

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Accenture and Conga also helped an industrial manufacturing client automate and standardize complex contract lifecycle management processes to increase visibility and compliance. With Conga CLM, the company now has a single view of contracts in one place, including versions, approval history and metrics. Users can leverage pre-approved language and track changes to agreements in real time, allowing contracts to be negotiated and executed faster.

“Companies of all sizes and across all industries have a critical need to increase revenue certainty and improve operational efficiencies,” said Noel Goggin, chief executive officer and culture leader at Conga. “Together, Conga and Accenture have a unique combination of capabilities and expertise to help organizations and their teams across the globe achieve these business outcomes.”

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Cadence Strengthens Tensilica Vision and AI Software Partner Ecosystem for Advanced Automotive, Mobile, Consumer and IoT Applications

Cadence Home

New ecosystem members Kudan and Visionary.ai enable fast deployment of high-performance, energy-efficient SLAM and AI ISP-based solutions

Cadence Design Systems, Inc. announced that it has welcomed Kudan and Visionary.ai to the Tensilica software partner ecosystem, bringing industry-leading simultaneous localization and mapping (SLAM) and AI image signal processor (ISP) solutions to Cadence® Tensilica® Vision DSPs and AI platforms. The broad Tensilica Vision and AI software ecosystem includes more than 50 partners developing solutions for these platforms, covering automotive, smartphone apps, IoT, software services, and many other segments.

“To best address our customers’ design challenges, it’s important to approach solutions holistically. From a hardware standpoint, ongoing innovations in Tensilica IP and architecture are critical for continued momentum with leading smartphone manufacturers and providers of IoT systems and next-generation connected vehicles,” said Amol Borkar, director of product management, marketing and business development for Tensilica Vision and AI DSPs at Cadence. “A robust software ecosystem is also essential, and partnering with industry leaders like Kudan and Visionary.ai helps us bring cutting-edge SLAM and AI ISP solutions to run efficiently on Tensilica IP-based devices with the best power-performance envelope yet.”

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“To best address our customers’ design challenges, it’s important to approach solutions holistically. From a hardware standpoint, ongoing innovations in Tensilica IP and architecture are critical for continued momentum with leading smartphone manufacturers and providers of IoT systems and next-generation connected vehicles”

Kudan is an industry leader in visual odometry and an early implementer of SLAM algorithms. SLAM is a technique used by many camera or sensor-based systems to identify one’s position and orientation in an environment with high precision. While fairly complex, SLAM is implemented in many household products, including robot vacuum cleaners and AR/VR devices, and in more complex systems, such as self-driving vehicles and self-navigating drones. Kudan’s proprietary SLAM implementation on the Tensilica Vision Q7 DSP yielded a 10X performance improvement for the front-end feature extraction stages, translating to a nearly 15% speedup of the overall SLAM pipeline compared to CPU-based implementations.

“We’re very excited about our partnership with Cadence and the opportunity to work with the Tensilica platform to accelerate Kudan’s SLAM pipeline,” said Juan Wee, CEO at Kudan USA. “Cadence’s Tensilica Vision DSPs provide specialized instructions that optimize various stages of the SLAM algorithm, delivering significant gains with power savings to the end customer. We look forward to improving the accessibility and adoption of our SLAM solution together.”

In most systems with image or video functionality, the set of ISP functions is well established and typically provided as a hardware block, resulting in high-performance throughput but no flexibility or adaptability to current conditions. Visionary.ai’s novel approach uses AI to replace traditional “hardwired” ISP functions, enabling high-quality videos to be produced in real-time, even in the most challenging lighting conditions. Visionary.ai’s efficient AI-ISP enables customers to implement a camera pipeline with resolutions greater than full HD while operating at over 30fps on the Tensilica NNA110 accelerator.

“At Visionary.ai, we have developed a method of using AI to dramatically improve image quality in real time, particularly in the most challenging lighting conditions,” said Oren Debbi, CEO of Visionary.ai. “For this technology to reach its true potential, there is a need for fast and efficient neural network computations. Joining Cadence’s Tensilica ecosystem will help ensure that our customers have a very competitive solution that runs on some of the most efficient vision and AI platforms out of the box.”

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ProShip to Offer Flexible Server Management Tool: The Parcel Config App

ProShip_Logo

The new add-on app will offer ProShip customers a convenient way to configure and maintain their servers

ProShip, Inc., a well-trusted leader in automated multi-carrier shipping software solutions, is excited to announce the official release of their new Parcel Config App to existing and prospective customers. As the needs of ProShip customers evolve and progress, ProShip is committed to offering tools and solutions that can scale with them and help them become more self-sufficient in managing the complexities of parcel and LTL shipping. The Parcel Config App is an add-on to the ProShip shipping solution that allows customers to remotely configure and maintain their ProShip server from a simple, browser-based app without the help of IT resources.

The Parcel Config App is comprised of a user-friendly interface that allows for the completion of tasks that were once only possible on a remote desktop session. Operations and logistics teams can easily manage the configuration internally, without using valuable IT hours or transportation budget.

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Within the Parcel Config App, customers can gain access to a long list of maintenance tasks including but not limited to:

  • Setting up, configuring and altering new or existing shipping locations, such as stores and warehouses
  • Changing rate shop groups in real-time by adding and removing carrier services
  • Adding, removing, and altering scheduled jobs (manifest automation, batch routines, etc.)
  • Updating carrier rate, zone, routing, accessorial, and time in transit files

“ProShip is thrilled to introduce this customer-centric parcel configuration tool as a complement to our best-in-class shipping platform. The Parcel Config App is part of ProShip’s larger strategy to enable customers to securely self-serve where appropriate,” says Justin Cramer, Co-Founder at ProShip. “Adding this app to ProShip’s already robust multi-carrier shipping software will lead to more flexibility, additional efficiencies and quicker reaction times for our customers, allowing them to gain an extra advantage on shippers not using a ProShip solution.”

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The addition of the Parcel Config App is a direct result of customer feedback, and we plan to continue focusing our efforts on building secure tools to accentuate our core competencies to keep ProShip multi-carrier shipping software the top parcel shipping solution on the market for enterprise shippers.

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G2 Recognizes Deltek as an ERP Leader for the Tenth Consecutive Quarter

The project-based ERP leader ranked above competitors including Unanet, Unit4 and JAMIS

Deltek, the leading global provider of software and solutions for project-based businesses, has been recognized as a Leader in G2’s Quarterly ERP Grid® Report for Project-Based ERP for the tenth consecutive quarter. G2 is a trusted buyer discovery platform that publishes reviews on software and services. Rankings are based on customer reviews gathered from user communities, online sources and social networks.

Deltek received a “Leader” designation across several categories in G2’s Spring Reports for multiple products including Deltek Ajera, Deltek Costpoint and Deltek Vantagepoint. Deltek solutions were also recognized for having the highest user adoption, best meeting requirements, and being the easiest to set up for small businesses. Also notable this quarter, Deltek’s GovWin IQ solution was ranked the sole leader in G2’s Government Procurement Grid.

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“G2 rankings are fueled by real users of solutions, which makes this recognition even more meaningful for us, validating our commitment as technology innovators. We’re incredibly proud to see so many of our solutions continuing to lead the way in the ERP space,” said Brian Daniell, Chief Customer Officer at Deltek. “Thank you to our customers for not only leaving reviews, but also for your continued partnership with Deltek!”

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Customer reviews highlighted that Deltek Costpoint is “very flexible” and “very intuitive” and that the solution provides government contracting firms with everything they need, including excellent support. Deltek Costpoint, the gold standard for government contractors that need to stay compliant with government accounting and cybersecurity standards, is the industry’s leading solution that delivers more innovation and greater intelligence through an all-in-one system across the project lifecycle.

Better software means better projects. Deltek is the leading global provider of enterprise software and information solutions for project-based businesses. More than 30,000 organizations and millions of users in over 80 countries around the world rely on Deltek for superior levels of project intelligence, management and collaboration. Our industry-focused expertise powers project success by helping firms achieve performance that maximizes productivity and revenue.

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Binarly Unveils Next-Gen Firmware Protection Transparency Platform, Revolutionizing Device Supply Chain Security

Binarly announced the general release of the Binarly Transparency Platform, delivering unprecedented transparency for device supply chains enabling device manufacturers and endpoint protection products to comprehensively analyze both firmware and hardware to identify vulnerabilities, misconfigurations, and malicious code implantation.

The Binarly Transparency Platform is designed to identify vulnerabilities and malicious threats in code, seamlessly integrating as a security component of an SDLC or CI-CD pipeline or further down the supply chain. The platform takes security to the next level by adding dangerous misconfiguration checking at the device level, ensuring that organizations can effectively monitor and mitigate risks throughout the entire lifecycle of their devices.

At the core of the Transparency Platform is a Vulnerability Analysis engine that leverages deep code inspection to detect vulnerabilities within analyzed firmware images. This powerful tool provides organizations with crucial insight into the existence of known vulnerabilities, allowing them to address potential threats before they can be exploited.

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“The capabilities built into the Binarly Transparency Platform are already helping customers reduce the number of security risks coming from threats below the operating system. Our technology is designed to proactively detect new threats and identify vulnerabilities and more importantly, make these discoveries actionable for defenders”

Binarly Transparency Platform capabilities:

Firmware Similarity Analysis — Enables developers and security analysts to perform binary-level comparisons of firmware images, swiftly detecting any modifications, deletions, or potential threats caused by either unintentional errors or deliberate attacks.

Deep Vulnerability Analysis — Uses deep code analysis and AI/ML to uncover previously unknown vulnerabilities within known classes. Identifies vulnerable code patterns in firmware binaries, exposing coding errors and improper service usage. Binarly Transparency Platform pinpoints firmware-specific vulnerabilities, offering risk scoring to help security teams prioritize and expedite security updates.

SBOM and Dependency Analysis — The Binarly Transparency Platform takes a Zero Trust approach to SBOMs by thoroughly examining firmware images to reveal all components within the code. This allows the platform to construct a dependency graph and identify third-party dependencies, not solely relying on hashes but reconstructing the truth from the binary code.

The capabilities built into the Binarly Transparency Platform are already helping customers reduce the number of security risks coming from threats below the operating system. Our technology is designed to proactively detect new threats and identify vulnerabilities and more importantly, make these discoveries actionable for defenders,” said Binarly Chief Executive Officer Alex Matrosov.

Over the past year, we have been working closely with our development partners and customers, who have already started to experience significant benefits from the platform’s capabilities:

Feedback from customers and users:

“Binarly has a unique approach to securing firmware, built by some of the most innovative minds in the space. They have decades of experience in understanding and researching the problem from the hardware on up, paired with a modern and scalable approach to bringing the value of securing firmware to any organization. The visibility and control they offer is second to none.”
Ryan Permeh – Partner, Syn Ventures

“We value the work that Binarly is doing to help make firmware more secure and appreciate their professionalism while working with us to report these issues in a timely manner. Their AI-powered approach to identifying threats is proving to be a valuable tool to help provide stronger firmware security.”
Tim Lewis – CTO, Insyde

“Binarly’s binary code analysis is extremely effective in finding vulnerabilities in upstream libraries, where source access may not be possible. When Binarly found unknown vulnerabilities in our BIOS, they provided detailed information including where the vulnerability was and the impact associated with it. They then worked directly with our BIOS vendor to fix the vulnerabilities upstream.”
Kieran Levin – Lead System Architect, Framework Computer

“At AMI, we take firmware security seriously, which is why we’re excited to collaborate with Binarly on securing the supply chain. By working together, AMI is best positioned to ensure that our clients’ firmware is protected from potential threats, giving them peace of mind and the ability to focus on what they do best – creating innovative solutions that drive their business forward.”
Brian Mullen – Senior Manager of Software Security, AMI

The Binarly Transparency Platform incorporates decades of experience from the Binarly Research team, which using the pre-release of this platform has consistently exposed repeatable failures in various types of UEFI firmware. In one year, the team disclosed 228 high-impact vulnerabilities and collaborated with multiple parties to assist the industry in mitigating risk from the vast amount of firmware vulnerabilities.

With the platform’s general availability, customers can bring these capabilities into their security organizations immediately.

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Evergent Announces Launch of New Product to Help Digital Service Providers Manage Revenue and Royalties

Evergent Revenue & Royalty Management (“ERRM”) Rounds Out Comprehensive Set of Tools for Revenue Management and Optimization

Evergent, the customer lifecycle management and monetization leader for digital service providers, announced the launch of a new product to help enterprises manage revenue and royalties. Evergent Revenue & Royalty Management (ERRM) is a highly targeted tool allowing companies to establish revenue and royalty rules, automate settlements, and analyze transaction and subscriber information in real-time. The platform streamlines setup and workflows and addresses the intricacies that accompany each partner contract. As a result, it enables companies to more efficiently track and collect payment and distribute royalties to partners.

Today’s digital services companies face a complex competitive landscape. Globalization enables brands from every part of the world to expand their footprint and make plays in new regions. Businesses must develop diverse offerings and targeted revenue strategies to carve out their own corners of the market.

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Evergent arms global enterprises with the agility and flexibility necessary to maintain loyalty and increase market share across regions, delivering seamless customer journeys and high-value customer experiences. Digital service companies throughout the world count on Evergent solutions to manage hundreds of millions of customer accounts across geographies, languages and currencies, while providing their products and offerings to maximize revenue from global audiences.

“It’s not enough in today’s competitive landscape to provide customers with compelling services,” said Vijay Sajja, founder and CEO of Evergent. “The world’s leading digital service companies have recognized that they need a comprehensive set of technology solutions to stay ahead of the competition, deepen customer relationships and minimize churn. The launch of our ERRM creates a comprehensive product suite that provides ambitious companies in every part of the world with the tools they need to drive growth and scale across geographies.”

Evergent’s unified product offerings for digital service providers will now include ERRM in addition to the existing Evergent Monetization Platform (EMP). EMP is a multifaceted and fully configurable platform connecting customer data to subscription and billing strategies to deliver customized product and promotion capabilities. The easy-to-use platform provides agility and flexibility, allowing enterprises to monetize more creatively and to incorporate complex billing models that minimize churn. A fully modular, end-to-end platform, EMP also offers seamless integration with external third party tools including identity management, inventory and workflow management, subscriber analytics, and more. EMP is widely deployed across the globe and iconic global brands including DirecTV, FOX, Britbox and the NBA trust EMP for monetization management.

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Nucleus Research Releases 2023 Customer Relationship Management Technology Value Matrix

Leaders in the CRM market include Creatio, Microsoft, Oracle, SugarCRM, and Zoho

The customer relationship management (CRM) market is evolving as technology that was once reserved for large organizations with high volume or complex sales strategies is now more accessible than ever for organizations of all sizes.

Over the last year, Nucleus monitored the trend of organizations across all industries looking to extend the functionality of their CRM technology with verticalized capabilities,” said Research Analyst Cameron Marsh. “The market has reflected this, as leading vendors have made substantial investments heightening the adaptability of their solutions and lowering the barrier to entry for customers looking to customize a solution to specific needs.”

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Customer relationship management is one of the most well-established elements of business technology, and the gaps in functionality that used to create differentiation amongst players in the space have weakened. Now, CRM vendors are striving to differentiate themselves by equipping users with customized capabilities that enable them to provide elevated experiences for their customers. With the availability of low and no-code app development tools, growing third-party ecosystems, and purpose-built CRM offerings, a solution’s ease of extensibility has become a notable factor driving an organization’s selection process.

Leaders in this year’s Value Matrix deliver advanced functionality without sacrificing ease-of-use at scale. They include Creatio, Microsoft, Oracle, SugarCRM, and Zoho.

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The Experts in this year’s Value Matrix are organizations that deliver value to customers with complex use cases through deep functionality and industry-specific capabilities. They include NexJ, Salesforce, SAP, and X2 CRM.

Facilitators in this year’s Value Matrix deliver value through greater ease of use and quick implementation. These include Acumatica, HubSpot, Keap, and Zendesk.

Core Providers deliver core capabilities for those organizations looking for a straightforward solution with quick time-to-value. This year’s Value Matrix Core Providers are Maximizer Software and Pegasystems.

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