San Francisco, CA (PRWEB) November 06, 2013
Brightpearl (http://www.brightpearl.com), cloud software and services that enable multi-channel retailers to manage the heart of their business by combining orders, inventory, customer data, accounting and reporting into a single, reliable retail management system, today announced that customers using its Commerce Acceleration Platform have transacted more than $1 billion in gross merchandise value in less than three years since the company started tracking this measure in early 2011 – a record reached before the traditionally high volume fourth quarter. Brightpearl’s milestone is a measure of the success its customers are achieving in leveraging its Commerce Acceleration Platform for multi-channel retailing.
“Brightpearl takes care of all the stuff I used to worry about. Now, my staff and I have more time to focus on new opportunities,” said Dan Brousson, managing director at Onya Innovations, an online retailer of environmentally friendly consumer products. “Since setting up my eBay channel in Brightpearl, my eBay business has more than doubled, while my Amazon and Magento business - which I also run with Brightpearl - continue to grow rapidly, too. I don't use anything else to help me run my business; it's all in Brightpearl.”
While the National Retail Federation predicts single-digit growth in overall retail sales for 2013 , Forrester Research predicts healthy growth (10% CAGR) in online retail sales over the next five years. Multi-channel retailers hold an advantage over single-channel competitors, since they offer shoppers more convenient ways to find, buy and deliver their gifts. However, multi-channel shopping options create greater challenges for retailers to closely coordinate their merchandizing, customer orders, inventory and fulfillment processes, in order to meet customers’ preferences.
“Multi-channel retailing continues to be one of the fastest growing segments of the economy,” said Salman Malik, chief executive officer of Brightpearl. “Our customers are leveraging Brightpearl’s Commerce Acceleration Platform to synchronize orders, inventory, profit insights and cash flows across all of their channels, including their brick-and-mortar stores, their online stores, marketplaces and more. We are excited for our customers to enter the fourth quarter with such excellent momentum.”
Brightpearl exists to help retailers accelerate their growth. Its cloud software and services enable multi-channel retailers to manage the heart of their business by combining orders, inventory, customer data, accounting and reporting into a single, reliable retail management system. Brightpearl’s Commerce Acceleration Platform delivers real time integrated inventory, cash flow, profitability by SKU and channel, customer purchase behavior, and more. With these insights, retailers can focus on what they love: merchandising and growing their business. Brightpearl also offers built-in access to multiple retail channels for growth, via integrations with Magento, eBay, Bigcommerce, Shopify and Amazon. To learn more,visit http://www.brightpearl.com.
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