MINNEAPOLIS, May 01, 2017 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (Nasdaq:SPSC), a leader in retail cloud services, announced the release
of Expanded Insights, the latest capability to its Performance Analytics demand planning solution. Expanded Insights automatically
combines retail point-of-sale and inventory data with external information such as social conversations and sentiment, promotional
activity, and economic trends across all channels for increased retail business intelligence.
In today’s constantly evolving retail landscape, brands are orchestrating digital engagement across all channels and require
complete visibility into the sell-through performance and demand of all retail channels. Retailers and brands now depend on moving
beyond traditional data sources to gain a comprehensive view of their business to offer the seamless shopping experience today’s
consumers demand. Legacy solutions focus only on in-store POS data and thus do not provide suppliers the meaningful insight they
need to win across all of their retail channels.
With Expanded Insights, users can share data and key insights throughout their entire organization via shareable, easy-to-read
dashboards. Additionally, it ensures decisions are being made with the most accurate information possible by using a data-scrubbing
capability that cleanses incorrect, incomplete and duplicate data and standardizes improperly formatted data across all data
sources. It also provides the ability to blend that data (including planning/forecast data, social engagement, marketing, and
competitive pricing data, geography and more) with retail point-of-sale data from the SPS retail network, giving brands a unified
view of their business, both online and in-store.
“Actionable insight is power in today’s fast-paced retailing era,” said Peter Zaballos, chief marketing officer and senior vice
president, SPS Commerce. “With a comprehensive view of demand, brands can better react to the rapidly changing market and emerging
consumer needs across all retail channels. Analytics Expanded Insights delivers visibility that enables trading partners to easily
and quickly make fact-based, data-driven decisions that increase profitability and maximize sales.”
“Expanded Insights gives Crocs visibility we’ve never had before into our sales and forecasting,” said Philippe Libert, senior
director of demand management, Crocs. “With the analysis from Expanded Insights, our planners can better identify trends and
other factors that impact sell through rates across all of our channels.”
Expanded Insights also:
- Levels the retail playing field for small and mid-market companies. Many smaller and mid-market companies
don’t have the resources available to have a multi-million dollar big data system, along with a group of analysts to support it.
Thus, they are unable to get an in depth, extensive view of their business. With Expanded Insights, this view becomes affordable,
giving smaller companies the data they need to go head-to-head with competitors of all sizes.
- Eliminates manually generated analysis. Many suppliers still use Excel spreadsheets and other outdated,
time-intensive, manual methods for collecting and analyzing retail business intelligence, making it impossible for them to
respond to sales spikes, product promotions and more in a timely manner. By connecting external data with point-of-sale data from
the SPS retail network, Expanded Insights users can rapidly perform complex multi-sourced analyses without manual effort. Now
organizations can spend time analyzing the business not assembling time intensive reports.
- Fosters agility. Prior to e-commerce and its immediate access to sales, several days would pass before
companies could respond to sales performance. With the wealth of data provided by Expanded Insights, companies can quickly react
to meet their promotional goals by using the data to assess if additional discounts are needed and, if so, whether in physical
stores or across ecommerce channels or both.
“Digital influence continues to drive transaction volumes and Analytics Expanded Insights gives us invaluable agility and
insight across multiple channels so we can pinpoint trends and advise our retail partners on their inventory mix,” said Ted Li,
senior vice president of Americas, Quiksilver. “Having disparate data sources merged into one location assists us in helping our
retailers keep pace with consumer demands, industry trends and the competition.”
Sage Kuttler of Callaway Golf, agrees: “Analytics Expanded Insights gives us unprecedented visibility into our sales to ensure
we’re supplying the right product mix to the right markets and geographies at the right time, something especially helpful for the
seasonal nature of golf. And with broader, more accurate data, we can more effectively track sales and inventory trends to uncover
new sales opportunities.”
About SPS Commerce
SPS Commerce perfects the power of trading partner relationships with the industry’s most broadly adopted retail cloud services
platform. As a leader in cloud-based supply chain management solutions, we provide proven integrations and comprehensive retail
performance analytics to thousands of customers worldwide. SPS Commerce has achieved 65 consecutive quarters of revenue growth and
is headquartered in Minneapolis. For additional information, please contact SPS Commerce at 866-245-8100 or visit www.spscommerce.com.
SPS COMMERCE, SPS, SPS logo, RETAIL UNIVERSE, 1=INFINITY logo, AS THE NETWORK GROWS, SO DOES YOUR OPPORTUNITY, INFINITE RETAIL
POWER, RETAIL UNIVERSE are marks of SPS Commerce, Inc. and registered in the U.S. Patent and Trademark Office. RSX, In:fluence, and
others are further marks of SPS Commerce, Inc. These marks may be registered or otherwise protected in other
countries.
Contacts: Ali Finer SPS Commerce 866-245-8100 abfiner@spscommerce.com
