Data Transformation and Supply Chain Connectivity (500 Startups)
Earlier this year, the retail industry announced "Forget fulfilment robots and beacon marketing, we have a trillion dollar e-commerce industry running on spreadsheets."
Why? Because 90% of manufacturers across the globe still use spreadsheets to share critical information about their products with their retailers.
For retailers, the process of turning spreadsheets into compatible updates is labor intensive, full of human error and expensive. This is a 30 year old problem that is rapidly turning into a margin eating nightmare and this makes this industry ripe for technology disruption.
Venzee's mantra is simple. No more spreadsheets. By dropping Venzee into the supply chain, the band aids that were spreadsheets are now replaced by system connectivity and process automation. Product information flows, big retail requirements are one-click and productivity is improved. All of the above = improved margins.
Venzee is accelerated by 500 Startups.