Cloud-based platform is key driver in powering unique
end-to-end scalability meeting the dynamically changing needs of
the retail industry
MONTREAL, May 13, 2020 /PRNewswire/ -- Tecsys Inc. (TSX:
TCS), an industry-leading supply chain management and omnichannel
commerce software company, today announces an unprecedented
benchmark for the month of April in which processing volumes are up
10x over the same period last year, doubling peak order volumes
reached on Black Friday. Despite the downturn in pureplay
e-commerce projections amid the COVID-19 pandemic, many of Tecsys'
midsize and multinational retailers and brand owners are posting
broadscale gains.
Tecsys' retail order management software is the all-in-one SaaS
platform that powers multi-channel and omnichannel commerce for
some of the world's most preeminent brands including transnational
apparel and accessory brands, global digital asset giants and one
of EMEA's leading luxury cosmetics retailers. Its software enables
seamless transaction capture, processing and distribution across
digital and in-store channels, giving retailers a single provider
for end-to-end distribution management functionality capable of
routing complex order management combinations.
"The technology stack that powers today's modern retail
distribution is at the epicenter of a thriving omnichannel
operation," says Peter Brereton,
president and chief executive officer at Tecsys. "We are
systematically demonstrating that the combination of a flexible
cloud-native retail software and the robustness of an end-to-end
supply chain partner with deep ties to high-volume warehouse
operations is an indispensable value-add in times of channel
growth."
The fast-growing omnichannel commerce global market has leapt
ahead several years and is widely speculated to uphold greater
market share once the restrictions on conventional shopping
channels are lifted. As unresponsive single channel retailers
experience bottlenecks in their order and distribution routing,
omnichannel retailers are better equipped to adapt to customer
demand and buying patterns.
Even as the U.S. Commerce Department cited overall retail sales
for March 2020 fell 8.7%, making it
the worst month since 1992, retailers offering multiple fulfillment
options like curbside and click-and-collect have a clear
competitive advantage over those whose single fulfillment channel
is facing disruption.
"This pandemic has shifted buying patterns and proven to be a
boon for growth- and future-minded retailers," explains
Laurie McGrath, chief marketing
officer at Tecsys. "One of our multinational brands has already
surpassed their 2019 transaction volume by 25%, and we're only in
May. They're handling millions of transactions without breaking a
sweat. It's a preview of a new era in connected
commerce."
"Comparing these first few months of 2020 to Black Friday
doesn't quite capture the skyrocketing digital commerce we're
seeing," explains Steven Berkovitz,
chief platform officer at Tecsys. "But through it, we're making
sure that there are no hurdles to customer fulfillment. As
logistics providers face shipment delays and logjams, our retailers
can massively scale their online business, pivot to curbside or
ship-from-store, and they can do it without missing a beat for
their customers. That's retail without borders, and that's where
Tecsys delivers."
About Tecsys
Tecsys is a global provider of supply chain solutions that equip
the borderless enterprise for growth. Organizations thrive when
they have the software, technology and expertise to drive
operational greatness and deliver on their brand promise. Spanning
healthcare, retail, service parts, third-party logistics, and
general wholesale high-volume distribution industries, Tecsys
delivers dynamic and powerful solutions for warehouse management,
distribution and transportation management, supply management at
point of use, retail order management, as well as complete
financial management and analytics solutions. Tecsys' shares are
listed on the Toronto Stock Exchange under the ticker symbol TCS.
For more information on Tecsys, visit www.tecsys.com.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/tecsys-powers-prominent-global-retail-brands-to-eclipse-2019-average-order-volumes-10x-continuing-to-double-black-friday-numbers-daily-301058641.html
SOURCE Tecsys Inc.