BURLINGTON, Mass., Dec. 11, 2017 (GLOBE NEWSWIRE) -- Profitect Inc., the leading prescriptive analytics provider for retail, wholesale, and the CPG industry, today announced the company achieved several #1 rankings in the recently published RIS 2017 Software LeaderBoard. The company secured the top ranking among vendors in the categories of Overall Performance, Total Cost of Operations, and Ease of Installation and Integration. The annual RIS Software LeaderBoard evaluates the top retail technology vendors in the industry and creates head-to-head rankings in the form of top-10 lists based on size, areas of functionality, and the highest weight for scoring coming from retailer voting results. There were nearly 650 votes cast by retailers for this year’s LeaderBoard.
“We are honored to be recognized by our customers and RIS Software LeaderBoard,” said Guy Yehiav, CEO, Profitect. “We view these rankings as a declaration that Profitect delivers a solution which limits risk to our customer, while providing the continuous ROI retailers require from their vendor partners. More importantly, our customers are finding tremendous success with real world applications of machine learning and AI for maximizing their profits, in-stock positions, and omni-channel strategies. Our ability to support these goals is evident in 2017’s triple-digit growth for Profitect and we are excited to continue the momentum.”
Profitect was ranked in 19 categories in this year’s Software LeaderBoard, securing a top 5 position in 12 of them. In addition to the three #1 rankings, highlights from other categories include:
- Top Mid-Size Vendors
- Leaders in Technology Innovation
- Top Broad Suite Vendors in in Customer Satisfaction
- Top Apparel Vendors in Customer Satisfaction
- For Retailers with more than $1 Billion in Annual Revenue:
- Top Vendors in Return on Investment
- Top Vendors for Recommendation
- Top Vendors in Quality of Service
- Top Vendors Ease of Administration and Maintenance
The report notes that to provide some insight into why retailers voted the way they did, the best approach is to spotlight retailers in their own words. As such, quotes from two of Profitect’s customers are singled out:
- “Profitect is extremely innovative, flexible and intuitive. Advanced business logic combined with analytics allows taking predictive analytics one step further to prescriptive analytics. Very unique to this vendor.”
- “Profitect is an industry leader providing a platform and service that others cannot compete with. The support and service have been world class.”
Profitect also made the coveted and exclusive RIS LeaderBoard Top 20. The top-20 list is the only ranking in the LeaderBoard that includes all scoring data collected for each vendor, i.e. Customer Satisfaction, Retail Concentration, and Revenue Factor.
“For prescriptive analytics leader Profitect to be listed in nearly 20 categories and achieve three number one rankings is a very impressive feat,” said Joe Skorupa, editorial director of RIS News. “The categories where they came out on top (Overall Performance, Ease of Installation and Integration, and Total Cost of Operations) are also critical and speak to the company’s commitment to its customer base in facilitating the process of working together with a focus on delivering value and results quickly. I congratulate Profitect on this extraordinary showing in this year’s LeaderBoard and look forward to what is to come from this innovative and growing retail technology provider.”
To download a copy of the RIS LeaderBoard report, click here.
About Profitect
Profitect’s award-winning prescriptive analytics solutions eliminate confusion around reports within the world’s most innovative retail and CPG companies by taking their data, identifying opportunities, prescribing easy-to-understand actions, and leveraging workflows and tasks to ensure the right actions are taken when needed. To learn more about Profitect visit: http://www.profitect.com.
Media Contact:
Tania Stockbridge
tania.stockbridge@profitect.com
781-290-0009