I remember being so happy the first time one of our customers asked me to help write a job description to find his/her PXM Product Owner to support the company’s vision.  The scope of the PIM has evolved so much since we started the journey, back in 2014. The first key success we had to insist on (and we’ll never stop) is that PIM is a Business tool that helps empower Business people! Bringing together the right people to create a PIM team is the first step toward a successful PIM implementation. And yes, you have to identify the people that are contributors (creating and enriching product data, meaning information, and assets) and people that are consumers (benefiting immediately from high-quality and always up-to-date product data).  And oh, it happens that these two groups are not necessarily always internal people, working for your own organization.  If you are a distributor (no matter B2C, B2B2C, or B2B), all the suppliers you work with are direct contributors as they provide the first level of product information. And if you are a brand, you probably sell your products wholesale, on other distributors’ websites, or on marketplaces. All these business partners need to get empowered and be part of the Product Experience Management you set up.

Use the PXM Maturity Model to scale the PIM Dream Team

To know where to start and define a clear PXM roadmap, it is important to have the PXM Maturity Model in mind:

PXM Adopter

A PXM Adopter establishes a single source of truth as a strong foundation for using product information consistently across channels and markets. This means your team is aware of the complexity of scaling, but are still dealing with outdated processes and a manual way of working (hello, dozens of Excel sheets, but goodbye!). 

PXM Innovator

A PXM Innovator starts to unlock growth with a collaborative model between teams and formalizes a process to make sure attributes and assets are defined to match the product experience that customers expect along the entire buying journey.

PXM Champion

A PXM Champion unlocks growth at scale thanks to a scalable and well-designed platform that involves internal and external stakeholders and aligns with the business strategy. Whenever you’d like to know more about where you are today, just take our free PXM Maturity Assessment, which will guide you through the People, the Process, and the Technology actions you should take as the next steps. 

Follow the Leaders

Forming your PIM Dream Team, identifying stakeholders, and earning their buy-in is a crucial step in the success of a PXM program. And the global vision, the “why we must achieve it”, must be shared very early with every stakeholder, even if they won’t all be involved simultaneously in the project. They will share and thus embodies this vision, knowing perfectly why this matters and what is at stake.  Here are the Fantastic Four that will make your project a success: 

1. It is mandatory to get Executive Sponsorship – sponsors will be responsible for keeping the projects aligned with the organization’s strategy. They evangelize the PXM vision, own the business cases, focus on realization of benefits, and provide dedicated guidance, resources, and oversight.We consider their implication on the overall project from 5 to 10%. 
2. Dedicate a (PXM) Project Manager or Product Owner – (s)he will be responsible for a myriad of things, including:
   • Planning, organizing, and directing the completion of the project 
   • Building and managing project plan 
   • Delegating team responsibilities, tracking day-to-day project action items, and escalating project risks or blockers when needed
   • Embodying the PXM visionAs nothing is better than listening to someone nailing it, here is a sneak peek from our annual summit Unlock, interviewing Royal Canin’s PXM Owner, Sylvain Cavaillé.We consider their implication on the overall project from 25 to 40%. 
3. As  we introduced earlier, the PXM project is firstly a business project made for supporting business people to achieve business goals aligned with the company’s strategy. So, the Functional Administrator is the core of such a project. (S)he is the business owner of the applications and helps optimize and adopt a new way of working, the voice of business users.(S)he typically receives design input from a variety of other business users with product knowledge like Product and Brand Managers, Purchasing teams, Sales Channel Managers, Marketing, eCom, Marketplace, Media, etc.We consider her/his implication on the overall project from 50 to 100%, depending on the project scope.
4. Last but not least, you always need a business-oriented  Technical Administrator who can manage and define the governance of the system architecture. They define and validate the architecture and integrations with other IT systems (e.g., ERP, PLM, E-commerce, DAM, etc.) and maintain integrations post-implementation. We consider their implication over time from 10 to 25%. 

Obviously, this list is not one-size-fits-all. Every organization is different, and you’ll likely have to adapt these practices based on the internal organization of your company, or whether your PIM tool is utilized for only one brand or multiple brands/subsidaries. But this should work as a great starting point for your team. Empowering teams with Akeneo PXM Studio is our mission, and we follow our customers closely on their path to PXM Maturity.  We have dedicated one of our annual awards to that topic. The Leadership Award category aims at rewarding organizations that have been able to grow with their teams.  You can discover this year’s winner’s history, Azelis, a 20 year old group that elaborates and markets specialty chemicals in animal nutrition, food & health, personal and home care, and pharma market segments.  I’m looking forward to hearing from new positions created in the PXM world! If you have any questions about building your own PIM Dream Team, our team of in-house PXM advisors is here and happy to help!

One of our customers (Head of CX in brand apparel) recently shared this statistic with me: 50% of customers come to your website because they already know what they want to purchase, and 50% of others come to get inspired.
Social media success (Instagram, Pinterest, and, more recently, Tik Tok) has set the path. Being inspired is now a must-have, and shoppers will be engaged with brands they share values and inspiration with. Engagement is the new loyalty. This is what TikTok marketing-based company Revolution Beauty Digital Director, Sally Minto, perfectly described in a recent conversation.

To inspire and engage your customers, there is nothing more effective than offering services before (only) selling products. Everybody appreciates a personalized and insightful experience. There is no better feeling than buying the right product(s) for your needs.

How can you offer value to your customers? Here are 5 great examples from our customers at Akeneo.

From the now classic Usage Finder… with a focus on education

To ease the product research process, you can offer the relevant filters on your website to make the search experience easier and the process more visually appealing.

Below is a great example from one of our customers, Made.com: when you buy a sofa or any piece of large furniture, the most important first step is to ensure that you find one that will fit into your room. The Sofasizer enables you to drag to the maximum size allowed by your space and instantaneously display only the relevant sofas.
You’ll be more willing to buy when you save time and are sure the products you’re browsing are the right size for your space.

And if you need help on what to pay attention to when you buy a specific piece of furniture, Made.com has prepared some Guides for every important product category. They guide you with measurements and questions to ask before buying a product. Once you know what to look for, the brand suggests the most appropriate shopping list.

Educating your clients is one of the best ways to increase customer loyalty and retention. It gives them a feeling of being cared for and supports their informed decisions. Additionally, it allows you to stay up-to-date on the latest trends in your industry so you can offer them the best service possible.

It is even more true when it comes to the Cosmetics and Food Industries – people really want to be aware of what they eat and use for their skin.
Belco is a coffee sourcer that sells directly to coffee roasters and upholds sustainable, environmentally-friendly coffee culture, showcasing its extensive farming know-how and land identity.

Their enhanced filtering capabilities allow their B2B users to filter based on the aromatic family of the coffee you’re looking for (floral, fruity, malty, milky, roasty, spicy, etc.), certification or origin, and each matching coffee is introduced with the farmer, and producer who cultivates it. This transparent process helps customers learn about their coffee beans’ history and source, humanizing everyone in the process and making it easy for Belco to communicate and share their values with their shoppers.

To the Emotional Finders…

Whether you’re building a product recommendation quiz or a virtual consultation for consumers to find their right style or fit, quizzes help brands engage with their target audience in more meaningful ways.

Through a well thought-out series of questions, brands can improve their retargeting and personalization strategies to acquire new customers and keep every visitor returning for content and products relevant to their needs.

And remember, quizzes aren’t just fun for your customers; they help provide valuable information for brands, making the shopping experience at your eCommerce store, on your App, or in store, better for the customer—while increasing your sales.

Let’s start with the Beauty industry. Sephora offers a quiz to find the perfect product for the lips. From the type of lipstick finish to the benefits and the composition of the makeup to the kind of brand (“hot” vs “best sellers”), you’ll get a selection of products that match 100% with your desired product. This reconciles both the usage and the inspiration and is a near-guarantee to selling a product.

And the more expensive and important the product, the more customers will want to be sure of their investment.
Beds are a good example as you don’t change them every month. This quiz from a US-based company, Sleep Number, takes care of several people’s considerations (you and your partner) to suggest the best mattress.

And this is not relevant for human needs only! All pet owners want to offer the best for their loyal companions. This is why Royal Canin wants to ensure every pet gets the food he or she deserves.

The quiz delivers a personalized outcome to the user, making the entire shopping experience engaging and fruitful. You can then go on to link the recommended products to your website and complete the sales cycle.

Remember, the primary goal behind the best product recommendations should always be to provide the best value to the customers.

Ready to offer the best product experience to your customers?

Wait a minute! Even if that kind of service can look easy to deliver, this requires that every single product you sell has a high quality of product information so that every single piece of data can be used as a filter, a tag, a possible answer to a quiz question, and can then be displayed as a possible result.
And this is possible only when you get a mix of the right people involved, the right optimized processes, and the right dedicated tools to support your product experience strategy. A user-friendly PIM, like Akeneo PIM, empowers every stakeholder to collaborate around the product information to ensure that the (e)merchandising team can easily offer the best product experience thanks to accurate information enriched by the product or marketing teams.

Now you know how to delight the 50% of customers coming to get inspired!

 

The Tour de France wrapped up last week, and it’s become more clear than ever before that competition is thriving and setting yourself up for success is a long process that starts at the beginning. But with the 2,000-mile race and the finish line in the rearview mirror, it’s a good time to reflect on the entire ecosystem of folks and organizations working behind the athletes to give them the right tools and equipment needed to win. One such organization is AGU, a Dutch company that has been making cycle clothing since 1966. With over 25,000 products in both B2B and B2C eCommerce, AGU is a global leader in the cycling industry with strong brand awareness, and has been involved with the Tour de France since the early 90’s. In fact, this year, they embarked on a joint initiative with Team Jumbo-Visma to unveil the Masterpiece Ride-Up Shop, a mobile shop driven by a bicycle through the center of Copenhagen, the starting point of the Tour de France. But where AGU excels in cycling wear and expertise, they struggled with a problem known all too well by organizations across the industry; creating a truly omnichannel business experience for both their B2B and B2C customers. Expanding into new markets and territories was an arduous, manual process that simply wasn’t scalable. Without a central repository of product information, AGU had no way of knowing if their product data was complete, consistent, or correct, let alone compelling. Despite their years of expertise and knowledge in the cycling industry, some consumers (specifically B2B consumers) didn’t know whether they could trust the information they were seeing about any given product on any given channel, meaning they were more hesitant to purchase. A breakdown of trust between yourself and your customers is never what you want, so AGU set out to find a PIM solution that would help streamline their product information, regardless of the channel or region. With a focus on accelerating market launches in new territories, AGU wanted to enhance the product experience on their website and facilitate sales through new marketplaces in a scalable way. And just as the Tour de France cyclists turn to the experts to provide them with the right bikes, helmets, and clothing to win the race, AGU wanted to partner with experts in the PIM space to ensure they were implementing the best technology and process. Enter Akeneo. With enhanced processes in place to enrich more products,  launch new channels and markets more efficiently, and collaborate with both internal and external teams, AGU’s online business in markets outside of the Netherlands outperformed their online business in their home market. They were able to successful launch on several big-name online retailers such as Amazon and bol.com (biggest online retailer in the Netherlands). Plus, the Akeneo PIM interface is simple enough to use that no technical training is required; so no matter who joins the AGU team or what their background is, they’ll be able to jump right in. Perhaps most importantly, the customer experience for AGU consumers has vastly improved; with better attributes, more accurate data, improved filters, and up-to-date research on both the B2C and B2B sides, customers are no longer left guessing whether or not the product information they’re receiving is accurate and they’ve been able to restore that brand trust that they’ve held on to since 1966. Now a fully global company with locales across the world and a scalable process for adding new channels whenever they need to, AGU has been able to set themselves up for success regardless of where the future pedals them towards.  So with the 2022 Tour de France wrapped up and the 2023 race already in sight, it’s important to keep in mind all the people, processes, and technologies that are working behind the scenes to keep the wheels turning. AGU is able to continue equipping their cyclists with the best-in-class sportswear, with product information powered by Akeneo.

Despite what many tech-savvy articles and advice columns may have to say, you may not necessarily have to choose between being product-centric and customer-centric. The truth is much more convoluted than a black-or-white choice between focusing on your product and focusing on your customer base, and the reality of this omnichannel world we live in is that the two are not mutually exclusive. You can be both. In fact, you should be both; in order to be truly customer-centric, you have to be product-centric because the product experience has a direct impact on the customer experience. Think about it: if your product is terrible, it doesn’t matter how well you treat customers in other ways. They’ll still have a bad experience with your brand and they won’t want to do business with you again. And even if your product is good but your service is lacking—even if you get the order right but make customers wait for it—that also leaves them less than thrilled with their experience and canvassing the market for something better. Someone better. In order to stay competitive in today’s ever-changing market, your team can’t afford to be focusing solely on the customer experience or the product experience. It takes a dedicated, blended approach of the two simply because they influence each other so heavily; you can’t have a customer-centric organization without focusing on the product because the product experience is such a big part of the customer experience. 

In the traditional sense, what does it mean to be “customer-centric”?

Companies that are customer-centric are focused on the customer experience, which means they help to connect the right product to the right person at the right time in an enjoyable way. Customer-centric companies also think about their products or services as part of a larger ecosystem: what do we need to put into this environment so it works? A great example of this approach is Amazon Prime Air. Amazon saw a problem with delivery times and created a solution by developing drones that deliver packages as quickly as 30 minutes after ordering them online. This type of solution requires thinking about multiple stages of interaction between consumers and businesses (eCommerce platform, fulfillment center logistics software) instead of just focusing on shipping costs or warehouse inventory levels alone.

In the traditional sense, what does it mean to be “product-centric”?

When we talk about being “product-centric,” we’re talking about companies that focus on their products above all else. It’s easy to see why companies would choose this approach: they want their products to always be as good as possible so that customers keep coming back for more. This is especially important when it comes to technology companies like Apple and Google who release new versions of their products every year or two. In this method, organizations focus their attention on building and bringing products to the market rather than the customers that purchase their products. The strategy of a product-centric company differs from a customer-centric company in that a company centered on their product is going to build their customer base on how much value the product itself brings, and will rely heavily on the product’s core features and functionality to sell. Product-centric organizations measure success by looking at the quality of the product itself—they use metrics such as bugs per release and time spent fixing issues as indicators for both internal development teams as well as external stakeholders/investors who may be interested in funding future projects based on previous successes.

The Intersection

There are many who believe you have to choose between being a product-centric organization or a customer-centric organization, and it’s understandable why. With different measurements of success and different organizational-wide goals, it can seem daunting to try to find a middle ground. But what happens when your company gets so focused on your own products that you forget about your customers? That’s when you end up with things like high prices, limited support options, annoying security updates and even poor user experiences (like when Microsoft Word decided it wanted to change its default font). Or what happens when you pay too much attention to just the customer experience, and let the product itself fall to the wayside? That’s when your organization gets hit with buggy products, low customer retention and satisfaction rates, and a plummet in brand trust. The secret sauce is a multidisciplinary approach of product-customer centricity that is focused on the product, as well as its customers. It is a holistic way of thinking that takes into account all aspects of a product’s lifecycle – its creation, development, and delivery to customers across multiple channels and touchpoints. Consumers have a vast array of product assortments at the tip of their fingertips, which means they can shop for anything, anywhere, and at any time.  The sheer amount of choice that exists in the market means that if you give a consumer the chance to check out your competitor, they’re going to take it. According to a 2022 Akeneo survey, two-thirds of consumers would stop buying from a brand, or go for an alternative product, due to one bad product experience on any channel. By focusing on creating a product that caters to the customer’s needs, you end up creating an environment of trust and transparency because you’ve kept their needs top of mind. 

There’s no good customer experience without a compelling product experience.

That’s been the Akeneo motto for years. If you want to be customer-centric, you need to begin with a deep understanding of your product and how it affects the lives of your customers—from how they interact with the product to how they view your business as an entity. In order to pull this off, you need to align all aspects of your customer experience around the customer’s unique needs and expectations—and that starts with your product. Ultimately, your product is the backbone of your business. It doesn’t matter what kind of customer experience you can showcase if your product experience doesn’t live up. The market is more competitive than ever in this omnichannel world, and opting to invest in product experience as much as in customer experience can give your organization that competitive advantage and more flexible and scalable growth possibilities.  

With the push of a button, the Vaimo PIM Connector converts your Akeneo PIM data model into a commercetools project where product data will be available within minutes. The Vaimo PIM Connector is ready-to-use for your storefront, social media, dashboards, and any applications in your existing and future composable landscape. Akeneo is excited to announce the launch of the Vaimo Product Information Management (PIM) Connector for Akeneo and commercetools. The first in a series of MACH (Microservices, API, Cloud-Native, and Headless) services currently being developed by Vaimo, the Vaimo PIM Connector aims to grant product migration at the push of a button. As opposed to spending valuable time updating product information, Akeneo and commercetools users can now integrate with little manual effort. Watch our recent webinar with Vaimo and commercetools for a first-hand experience of the Vaimo PIM Connector. 

Features and Benefits

• Leverage the easy-to-use UI and automation in Akeneo to populate large and complex product catalogs quickly and easily. Directly sync these to commercetools as product types, products, categories, and attributes.
• Use localization features in Akeneo for conversion of measurements or translation of content to be passed to each store front in the commercetools environment. This allows you to easily expand where you can sell your products around the world.
• Save time and effort by bulk updating or using multi-select features in Akeneo and then populating those changes in commercetools.
• Tailor the way product data is passed to sales channels to suit their specific requirements using Akeneo’s channels feature. 
• Set up specific user roles down to a category level, and set approval flows and processes in order to protect the integrity of ecommerce environments and prevent costly errors.
• Gain actionable insights into the quality of product data and where it needs to be improved to boost conversions on commercetools sites and any other sales channels.
• Take data from any source, including other ecommerce platforms, enrich it in Akeneo, and publish directly to commercetools to make replatforming simple and to get the site to market faster.

Find us on the commercetools marketplace here.

The results are in! G2’s Summer 2022 Grid Report are released, and our customers have once again named us a leader in Product Information Management. Not only that, but for Catalog Management as well! We’re both thrilled and humbled to be the leading PIM platform for another quarter, and as more and more software tools emerge, we’re validated by our customers’ needs and the market’s need for solutions that effectively build product experiences.  The Summer 2022 report shows that we are also Leaders in a few other categories, Easiest to Use and Highest User Adoption. 

G2 is one of the largest software marketplace and services review platforms, used by 2,000 companies and more than 5 million buyers each month. Users ranked Akeneo a leader in both the G2 Enterprise Grid and Mid-Market reports for Product Information Management and Catalog Management. The G2 Grid Report represents the voice of real software users, rating products algorithmically based on data sourced from G2 user product reviews and data aggregated from online sources and social networks.

Here are a few quick words some of our customers shared:  “Akeneo helps speeding up time to market as we can implement automatic rules and easily import product data” “Akeneo PIM A user-friendly solution that helps put product people in charge of information and have a single source of truth for product information for the benefit of your entire digital ecosystem.” “Akeneo has a user-friendly interface, easy export-import wizards and reports, a powerful tool for the enrichment team. The Akeneo team is very communicative and support partners very skilled.” Thank you to our customers for once again making us a leader. Check out more reviews on our G2 page.  Not a customer yet? Schedule your custom Akeneo demo today. 

As I write this, family vacation time is almost here. It’s been 3 years since the last one abroad, and we realized there were lots of new things we needed for the trip. For me, it’s a new camera bag. Choices abound for these, across styles and features and price points. But which one should I get, as quickly as possible? Here’s how I came to a decision on one:

• I checked out the websites of the brands I was already familiar with, many times over
• I used a couple of search engines to see if there were any brands I hadn’t heard of yet. For the new brands, I checked out their websites too, many times over
• I also browsed reviews, images, info, availability and pricing on Amazon, eBay and some of my favorite camera gear retailers
• One evening, I popped into my local Target store to see if they had any inventory in stock that I could touch, try on and compare to (they didn’t)
• I swiped through my social media feeds to see who else had bags from my shortlist, how they looked in real life, and how they were being used by those beautiful influencers
• I read over countless reviews by photography experts I trust
• I might have even clicked on an ad I saw while reading the news in my browser

I counted at least 15 individual touchpoints to come to a conclusion on a single product that I now really like and can’t wait to use. That doesn’t include the retargeting ads and “you forgot something!” emails I saw along the way. Yes, like the other 90% of shoppers out there, I am a 100% bonafide omnichannel shopper. Was I led by the brands to follow a particular customer journey? Absolutely not! My stops at these points and channels were totally random and at my convenience. My decision was based on that warm, satisfying feeling that I had all the information I needed to make a solid decision that I wouldn’t regret later. What happened here is that the brand I purchased from [sorry, I won’t tell you which one here, you will just have to catch me at a live or online event and ask me directly] had done the work to ensure their brand values and style, alongside information and assets about their products, was shared and leveraged widely across all those different channels I was on. They didn’t come chasing me by tracking my every step (maybe a little, but that’s OK). Nor did they blatantly try to drive me to a particular place to buy (I ended up buying from one of those retailers I visited). Instead, wherever I went, I had a consistent, informative and enjoyable product experience with them, whether that was on their owned properties or someone else’s they didn’t control. Brands like this one don’t look at each channel and touchpoint as separate strategies for selling and marketing their products. If that were the case, any one of those owned or unowned channels and touchpoints would have been a disappointment. Information missing. No images to see what the bag could carry. Unconvincing descriptions and reviews. We’ve all seen those bad product experiences somewhere. And all it takes is one bad product experience for me to not buy from that brand and go elsewhere. Or not be satisfied with my purchase once I receive it, inconveniencing me with expensive returns and no bag to carry all that camera gear in. When approaches to bringing product information and content to life in the market are siloed, the chances of mistakes slipping through are that much greater. So clearly what’s needed is a single, holistic and comprehensive strategy to activate a brand or retailer’s product story across any channel or market that I, you or our fellow shoppers see, explore and buy from. It should support and drive their company goals and objectives, while meeting or exceeding the experience expectations shoppers have. It needs to be built on a strong and scalable foundation of the complete product record that encapsulates everything the shopper needs to make informed and satisfying decisions. It also needs to enable the brand or retailer to learn and adapt from what works and doesn’t work, and quickly launch into new markets and channels without having to recreate everything. This single approach to having a product story win on any channel is what we call Product Activation. “But isn’t that just product content syndication?” you might ask. Actually, it’s so much more than that. Product Activation brings together many different types of technologies and approaches for each of the channels you need to be on:

• It needs a means to be able to reliably and scalably connect with and publish rich product data and assets to your owned properties, so your e-commerce sites, point-of-sales systems and people, and maybe your commerce-enabled apps, all have a consistent set of the latest and greatest information about your products in multiple locales for your international customers.
• Yes, product content syndication and feed management are parts of Product Activation, so you have the pipework necessary to automate the publishing of your product data and assets to those unowned 1st-party retailers, 3rd-party marketplaces and marketing channels like ads, search and email. You need a way to be able to tell a consistent and compelling product story across all of these, even with their specific and sometimes ever-changing requirements.
• For those unowned channels that don’t have automation endpoints like APIs, you need a method to be able to filter and transform your existing product record to their requirements as flat files like CSV or spreadsheets easily right from with your PIM, without you having to change your internal product catalog structure.
• And don’t forget that people need to activate your product story too, whether they are your long-tail retail partners selling your products in that cool college town, or maybe your sales and service teams helping customers make informed decisions to buy from you, or influencers telling your story to their followers. They all need the means to make sure they have the latest, consistent and relevant product information from you too.

But why do this? It all sounds cool, right? By taking this Product Activation approach across all your routes-to-market, with a consistent and compelling product experience across any of those channels, you will be able to drive higher conversion rates and greater loyalty that comes from omnichannel shopping. But you and your teams will also be able to lower your time-to-activation of those product stories across current and future channels your shopper will be on, enabling you to get to revenue faster than ever before. And many of our customers are applying a Product Activation strategy today. Take Bradfords Building Supplies as an example, a truly omnichannel business that just recently celebrated its 250th anniversary:  

As we head into a period of economic uncertainty, commerce businesses are beginning to wonder what will happen to the shopper behaviors that drastically changed during a pandemic when we all had to go into lockdown, unable to take that vacation abroad with our loved ones. The answer is: no one really knows. But one big thing businesses can control is their product story. And those businesses who are ready with a Product Activation strategy are the ones who will be able to survive and thrive through another unpredictable and tumultuous time. Will that be you? I’m sure it will be. If we can help you find a way through that, please do let us know. In the meantime, let’s see exactly how much photography gear I can get in that bag. After all, there’s no such thing as too many cameras and lenses.

The Wimbledon tennis tournament begins this week, and following his exhilarating win at the French Open, all eyes are on Spanish tennis legend Rafael Nadal. Ranked #4 worldwide in singles by the Association of Tennis Professionals and with 22 grand slam wins in his back pocket, it’s clear that Nadal knows what it takes to win, and knows that the right equipment goes a long way. Rafael Nadal’s association with Babolat, the oldest racquet sports company in the world, goes back to when he was just nine years old and has only grown stronger over the years. His collection of trophies and accolades rest comfortably on top of his Babolat racquet, and he’s even become instrumental in the development and design of new racquets. He credits much of his success to having the right tools at hand, and understands the value of a solid foundation. Success takes dedication, hard work, and discipline, but equipping yourself with the right tools and the right mindset is how you become a champion. As an Akeneo customer and recipient of the 2022 Unlock Expansion Award, we’ve worked with Babolat to develop the best customer experience possible so that everyone, including Rafael Nadal, gets everything they need to succeed. For more information on Akeneo and Babolat, you can check out our customer case study, and don’t forget to tune into the Wimbledon championship this week!  

Drum roll please – Akeneo has been recognized as a gold medalist and leader in the 2022 Product Information Management Data Quadrant report from SoftwareReviews, a division of research and consulting firm Info-Tech Research Group. SoftwareReviews Data Quadrant Awards recognize outstanding vendors in the technology marketplace as evaluated by their users annually. Each product is compared and contrasted with all other products in the category to create a holistic, unbiased view of the product landscape. In the full report, you’ll find data collected from real end-users, meticulously verified for veracity, exhaustively analyzed, and visualized in easy-to-understand charts and graphs.  Akeneo PIM has received a composite score of 8.4, earning us a gold medal and title of “Industry Leaders” within the PIM landscape based on satisfaction with product features, vendor experience, capabilities, and emotional sentiment. We also earned top marks in:

• Plan to Renew (100%)
• Likeliness to Recommend (88%)
• Satisfaction that Cost is Fair Relative to Value (73%)

Akeneo also received a high Emotional Footprint score of +84, a value that is an aggregate of emotional response ratings in the areas of service, negotiation, product impact, conflict resolution, and strategy/innovation. The Emotional Footprint score creates a powerful indicator of overall user feeling toward the vendor and its product from the software users’ point of view.  You can check out the full press release here, or download the 2022 PIM Data Quadrant report now.

Introduction

For most successful business initiatives, major investment comes down to potential return vs risk. Product Information Management (PIM) solutions and thus Product Experience Management (PXM) are significant, organization changing, ecommerce driving solutions, but they are also costly investments. The solution licensing and the implementation and enablement process often have separate substantial costs. It is easy to question the value of new software and technology solutions, but for leading providers like Akeneo, who is approaching a decade in business, having a multitude of successful clients helps to speak for investment return. Much of the Return on Investment (ROI) evidence can be broken down into these top four improvements driven by PIM:

1. Speed: Faster Time to Market

A common and accurate attraction to PIM solutions is speed. Faster product information creation, faster data updating, and ultimately faster time to market are primary value drivers. Much of this speed, designed to give teams their time back as well as improve overall efficiencies is due to simplified processes and team visibility. The ability to enter and standardize data across departments in your organizations means less wait time to generate accurate information. Working within a PIM solution also means your content and assets are stored in one location; a single source of truth, rather than siloed on various spreadsheets, servers, and desks. Complete product information no longer needs to be shared with marketing as they are already accessing it and contributing to the completion process. Mobile Technologies Inc.’s Chief Technologies Officer, Travis Hooper shared that “Akeneo has been a game changer, making it possible to use data to simplify new product introduction; succinctly publishing products globally.”. The ability to begin or expand your international ecommerce initiatives without time efficiency loss is a gain from PIM investment. Partnering with Sitation in winning the Akeneo Experience Award 2022, Revalize’s Director of Content Services, Jim Starr says that with the help of the platform “We can take something that used to take hours of time and just run a single rule within that specific data set to say what the product description should be.”  He gets right to the heart of it; “We’ve been able to reduce the time spent manually creating product descriptions.” which brings us to the second improvement.

2. Effort: Reduction in Manual Processes

Less investment and greater return is the goal. It signifies impeccable efficiency, often driven by intelligent advancements. This is a major PIM value when it comes to the effort and processes required for data and content creation as well as updates. Not only do solutions like Akeneo help you do many business functions faster, it helps you do them with a reduction in manual processes. Sitation client, Nationwide Marketing Group, through Chief Digital and Technology Officer, Aaron Bundschuh weighs in on Akeneo’s ease of use, directly contributing to lift reduction, saying “We loved where the focus was on the development roadmap. We are really looking at somebody who is investing in core technology and making it operationally easy to use. It is very aligned with where we are going, as far as the role data plays in our future.” That reduction means you can accomplish the same goals with minimal training and in less touches. That decrease is not only in creation but also in how much backend correction is required. Manual processes are error prone as they often rely on humans with different organizational processes to collaborate. “Working with the premier out of the box functionality of Akeneo allows us to reduce the human process in massive updates and decrease the manual product creation lift by 50%. Not only is that a resource saver, it improves our ability to deliver accurate product data and that is our ultimate value to our customers.”- Jim Starr, Revalize.

3. Cost: Decrease in Operational Expenses

If we pause to examine the powerful effects of increasing speed and reducing effort, we begin to see an exciting contribution to return on PIM investment. This graph demonstrates Revalize’s decrease in cost to enrich product content per sku and we begin to see it very soon after their May 2021 Akeneo adoption. We can see the steady and consistent decline in the number of resources the organization needs to provide to maintain equal productivity, or even improved production rates.  

4. Engagement:  Improved Customer Interaction

Akeneo’s Check Your PX Before You Wreck Your CX sheds some light on the value of driving customer engagement through product data. “In our 2021 Global B2C Survey, we talked to 3,500 consumers from France, Germany, the UK, Australia, China, Canada, and the US. We learned that 50% would pay a premium (10% or more) for a better product experience consisting of more accurate product information.” This survey shares similar results to those of independent surveyors as well as studies conducted by other PIM solution providers. Enriching content and product information through PIM is efficient and can be done systematically. Customer engagement isn’t just about your ecommerce listing but also about how PIM solutions can help create catalogs and connect to customer portals for suppliers or distributors.

Conclusion

Ultimately, the long-term ROI from PIM is everywhere. The reduction in expenses, the increase in product information completion, the conversion driver of a compelling product experience, are among the demonstrable process improvements that exemplify value and return. While solution software is a valuable commitment and investment, what that looks like can be quite different for varying organizations based on several factors. For more information on which Akeneo option might be right for you, check out A CIO’s Guide to Akeneo and reach out to Sitation for guidance through your leap into PIM solutions.