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Which is the best merchandising solution for Magento, Shopify, and BigCommerce eCommerce?

Shane

April 1, 2023

Min read

The Evolution of KYC

KYC is a fundamental regulatory requirement aimed at preventing money laundering, fraud, and identity theft. Historically, KYC involved manual verification processes that required customers to submit physical documents, leading to delays and potential errors. The advent of digital KYC has transformed this space, enabling faster, more accurate, and seamless verification processes.

Image courtesy of Vlada Karpovich via Pexels

Vision and Approach

Neokred is at the forefront of this digital transformation, offering cutting-edge solutions that simplify and streamline KYC procedures. Their approach is rooted in leveraging advanced technologies such as artificial intelligence (AI), machine learning (ML), and blockchain to create a secure, efficient, and user-friendly KYC process.

“In a world older and more complete than ours they move finished and complete, gifted with extensions of the senses we have lost or never attained, living by voices we shall never hear.”

Key Features of Digital KYC Solution

AI-Driven Verification
Neokred uses sophisticated AI algorithms to verify customer identities in real-time. By analyzing patterns and detecting anomalies, AI ensures that only genuine documents are accepted, significantly reducing the risk of fraud.
Seamless User Experience
The platform is designed with the end-user in mind, offering an intuitive interface that guides customers through the verification process effortlessly. Users can upload documents, capture selfies, and complete verification steps from the comfort of their homes.
Blockchain Security
Blockchain technology enhances the security of KYC data by creating an immutable ledger that is resistant to tampering. This ensures that customer data is protected and can be audited with transparency.

Success Stories

Conclusion

Digital KYC solution represents a significant leap forward in the way businesses approach identity verification. By harnessing the power of AI, blockchain, and seamless integration, not only simplifies the KYC process but also enhances security and compliance. For businesses looking to stay ahead in a competitive market, embracing innovation could be the key to unlocking greater efficiency, cost savings, and customer satisfaction.

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The fast-paced digitalization is accelerating the eCommerce growth rapidly in recent years. Statista says in 2019, retail e-commerce sales worldwide amounted to 3.53 trillion US dollars and e-retail revenues are projected to grow to 6.54 trillion US dollars in 2022. A lot of offline brands are turning omnipresent and launching their online stores every day.

The availability of global dropshipping options has expanded the retailer’s services all across the world. Thus an online shopper has plenty of retailer options to purchase a product. All he/she has to do is to type in a query in a search engine and tens of thousands of results pop up.

Hence a lot of retailers focus on their SEO (Search Engine Optimization) to drive traffic to their stores. While most retailers succeed in bringing traffic to their store, they fail in effectively converting them into buyers. This increases customer acquisition costs and reduces the store’s profitability.

Why Merchandising is important in eCommerce?

Online Merchandising helps retailers to increase visitor engagement and thereby improving sales. It is the art & science of determining what products to display at a retail store and the same is required at the online store.

Over 80% of your visitors drop off after 3 scrolls at any product listing page. Hence the top 100 products on any listing page influence your sales. Merchandising comes in handy to display the products in the desired order that is more likely to sell.

Challenges/Limitations in eCommerce platforms

The eCommerce platforms like Magento, Shopify, and BigCommerce by default do not offer or offers only limited merchandising options to the retailers. Creating and managing listing pages in these platforms are completely manual, time-consuming, tiring, and not data-driven. As a result, the pages remain static and reduces the CTR (Click-Through-Rate). Merchandising extensions and apps make the activity easier, productive, and helps in conversion improvement.

What to look out for in a merchandising solution provider?

Choosing the best merchandising solution for your eCommerce store is crucial since it directly influences your revenue numbers. We recommend you consider the below points while selecting a merchandising solution

Features
Pricing
Integration/Onboarding support
Customer support

Comparison of various merchandising solution providers and their features*

	Tagalys	Klevu	Nextopia	SearchSpring	Attraqt	UNBXD
Data Driven Sorting (Trending)	✓	✓	✓	✓	✓	✓
Smart Categories	✓	**	**	**	**	**
Product Sequencing	✓	**	**	x	**	**
Global Boosting	✓	✓	**	✓	✓	✓
Collections Boosting (Local)	✓	✓	**	✓	✓	✓
Global Sort Options	✓	**	**	✓	**	**
Product Performance Metrics (7/14/30 days)	✓	**	**	✓	**	**
Reporting with Drill Down	✓	**	**	**	**	**
Additional Analytics Fields	✓	**	**	**	**	**
Scheduling Promotions (Pinned Product Boosts)	✓	**	✓	✓	**	**
Drag and Drop	✓	**	✓	✓	**	**
Performance Segmentation	✓	**	**	✓	**	**
Flexible Pinning	✓	**	**	**	**	**
Merchandising Draft and Unpublished Products	✓	**	**	**	**	**

Tagalys

Tagalys is a predictive online merchandising engine that optimizes the store for the highest conversion. Tagalys also saves retailers over 60% of their time, giving them the opportunity to invest their time in other activities.

Rated 4.8/5.0 at G2, Tagalys provides value-based pricing to its customers. It is based on visitors & not hits. Also, Tagalys provides excellent service in terms of onboarding & customer support that has been rated almost 10/10 across all reviews. Value-based pricing, with excellent conversion, increases customer ROI.

So what are you waiting for?

Schedule a demo and start your 28-day free trial today!

Other solutions from Tagalys include eCommerce Search and eCommerce Product Recommendations. The data-driven features have helped online retailers increase conversion, automate merchandising, increasing their productivity by over 60%, and quashing human errors.

Check out our G2 reviews to know why eCommerce retailers around the world love Tagalys

Sign up for a free 28-day trial of Tagalys and we take care of the rest! You can also schedule a demo here to know more about Tagalys.