Company Adds Multiple New Capabilities to Help Brands and Retailers Optimize Product Content, Sell First Party, Price Competitively, Streamline Drop Shipments and Connect to a Fulfillment Network
Research Triangle Park, NC – March 21, 2017 – Rithum Corporation (NYSE:ECOM), a leading provider of cloud-based e-commerce solutions that enable retailers and branded manufacturers to increase global sales, today announced significant enhancements and additions to its platform. The theme of the release – Strong Brands. Strong Retailers. Connected E-Commerce – brings innovative new features, machine learning and enhanced analytics to retailers and branded manufacturers. Notably, Rithum now supports merchants partnering with Amazon, Jet.com and Overstock in a wholesale or drop ship capacity.
“This release marks one of the most exciting platform enhancements to date,” said David Spitz, Rithum CEO. “We have unveiled new functionality that will support first-party and drop shipping, creating a seamless, efficient experience for brands and retailers no matter how they are selling on marketplaces. Our product teams have been working in overdrive to deliver this functionality and much more, and I’m thrilled with the progress and the value it can bring our customers.”
Rithum’s expanded product suite focuses on ways retailers and branded manufacturers can optimize for shopper product searches, predict consumer needs and promote relevant products. Specifically, Rithum announced its Product Content Optimization (PCO) technology, which offers support for first party (1P) content management, as well as optimization and syndication of valuable product data across multiple retailers, ad networks, and other destinations. Rithum offers support for content management, optimization and delivery to help customize product content for optimal performance on channels such as Google, Facebook, Amazon, and Instagram.
Also in the release, the new Rithum Fulfillment Network helps sellers streamline their fulfillment process through a shipping carrier integration supporting Amazon Seller Fulfilled Prime, FedEx, UPS and USPS. In addition to native integrations already available, the Rithum Fulfillment Network also offers access to dozens of third party logistics providers, freight forwarders, and software solutions.
With this new release, Rithum now supports over 90 marketplaces around the world. The company recently added support for Tanga, Overstock, VoyageOne, Pricefalls and Tophatter.
Included in the release are tools and services that can help retailers and branded manufacturers improve operations and connect to customers.
Optimize Operations Through Actionable Intelligence:
- Algorithmic Repricer for eBay is the newest addition to Rithum’s suite of repricing tools, including Algorithmic Repricers for Walmart, Jet, and Amazon. The Algorithmic Repricer for eBay offers sellers an opportunity to gain a competitive advantage. The Repricer is designed to help sellers stay competitive by improving the chance of winning top placement while maximizing margin through machine learning and real-time analytics.
- Competition Environment Dashboard for Amazon offers sellers a way to understand their competition, landscape trends and where they may encounter risks, then provides recommended actions.
- Wholesale Orders – Rithum now supports purchase orders for wholesale, also known as first party. This functionality can help brands streamline the process of POs with retailers.
- Access Rithum enables sellers to further diversify their business and reach new potential customers to help grow revenue through access to new marketplaces like TopHatter, Fruugo, and Pricefalls.
Connect to More Customers:
- Facebook Ad Technology. Rithum has been granted official status as a Facebook Marketing Partner, with a specialty in ad technology. The Facebook Marketing Partner program recognizes companies who add significant value to the Facebook advertiser ecosystem through cutting edge innovation and service excellence. Partners are vetted for capability and expertise, as well as for a solid track record of success. This expertise helps advertisers find potential customers through audience targeting.
- Local Inventory Ads for Google – Rithum has announced full support for local inventory ads for Google. “Google local inventory ads help bridge the gap between mobile consumers looking for products and the stores carrying the product nearby,” said Link Walls, vice president of product management, digital marketing. “By offering full support to manage these ads, we can help retailers with a brick and mortar presence connect with online shoppers.”
- Marketing Services for Amazon. Rithum now offers support for Marketing Services for Amazon, specializing in sponsored products, headline search and product display ads. These ads are increasingly critical for brands to maintain visibility on Amazon.
Grow Sales Through New Channels
- Drop ship provides a central location and management of drop ship orders, with no third party necessary. Vendors can utilize a drop ship model to reach new consumers through new channels with large retailers like Amazon, Jet and Overstock. With Rithum’s drop ship platform capabilities, vendors can streamline the order fulfillment process to help ensure that customers have a consistent and positive experience with retailers selling their products.
- Vendor Services for Amazon is used by brands and retailers to directly sell first party on Amazon. Rithum’s Product Content Optimization functionality will transform, validate and deliver the necessary product data to Amazon. The technology helps streamline the process, and coupled with our Managed Services experts, provides strategic guidance and improves execution of the program to meet goals and objectives.
To learn more about Rithum’s expanded product release, register to attend our webinar on April 5 at 8am PDT, 11am EDT | 4pm BST. During the webinar, Amy Lubell, director of product marketing and Jonathan Laverentz, product marketing manager for brands, Rithum, will provide an in-depth look at the newest tools, insights and functionality included in this year’s product launch.