VANCOUVER–Venzee Technologies Inc. has completed integration of its Venzee Mesh API content distribution platform with one of its five previously announced Product Information Management (PIM) channel partners and has commenced onboarding manufacturers and distributors of the channel partner.
This well-established PIM company provides digital supply chain solutions to mid-size and enterprise brands and manufacturers globally and has adopted Venzee Mesh to automate the distribution of complete, accurate product content to several retailers, which include Costco, Walmart, Shopify, The Home Depot, eBay, among others. Venzee receives a recurring monthly revenue fee, per customer, per retailer, that the PIM channel partner onboards.
Peter MacKay, president and CEO of Venzee said, “This is a significant milestone for Venzee as it brings our partnership strategy into fruition and allows us to begin onboarding manufacturers and distributors through our channel partners and execute on our revenue model.” MacKay continued, “Venzee’s API enhances our partner’s technology with automated content distribution and functionality that positions their clients to beat out competitors in the digital retail space. We look forward to expanding our base to connect more of the world’s most recognized manufacturers and brands with some of the largest retailers and marketplaces on behalf of our partners and building value for our brand and shareholders.”
Venzee’s automated product content distribution platform optimizes digital supply chains by eliminating the inefficient manual processes that result in unreliable product information, poor customer satisfaction, inaccurate brand representation, and billions of dollars in returns for retailers each year. According to CrowdAnalytix, inaccurate product data costs over $100B per year in online retail due to inaccurate product descriptions, mismatched color/size and product appearing different from the image on the online store.
Through five signed channel partnership agreements, Venzee has access to more than 100,000 brands and manufacturers and is strongly positioned to deliver the most advanced content distribution system in the market that works seamlessly for the entire digital supply chain.
VP of Channel Partnerships John Abrams adds, “These channel partnership agreements not only completely validate our technology, but they also open a pipeline of potential end users that includes some of the largest brands in the world. Our partner relationships ease Venzee’s barrier to entry to becoming an integral part of their supply chains as the leading solution for automated and accurate product content distribution. We are thrilled with our progress and continue work to finalize integrations with our other partners while advancing discussions with prospective channel partners.”
Management anticipates that integration with additional channel partners will be announced shortly.
Venzee is product content distribution solution that eliminates inefficiencies in the digital supply chain by delivering consumer-ready product information to retailers via a peer-to-peer network. Powered by our core technology, Mesh, Venzee automates content exchange workflows that increase margins and accelerate revenue. Through a suite of products, we provide customized solutions for enterprises of all sizes, meeting each client’s desired level of sophistication and automation.