White Paper
Retail B2B Data Exchange
The retail industry faces many challenges related to the vast amounts of information that must be processed, including data related to customer transactions, inventory management, sales forecasting, product shipments, and more.
Complicating matters is the fact that such data is often stored in a number of systems, including point of sale (POS), inventory management, and customer relationship management (CRM) systems. These separate silos of data make it challenging to access and integrate the data, resulting in incomplete or inaccurate insights into the retail process. The fact that data from these different systems is also often stored in different formats makes it even more difficult to combine and analyze.
Plus, though the availability of real-time data is crucial for decision-making, many retail systems fail to update in real-time, leading to data latency and costly-inaccuracies.
Finally, retailers must ensure the security and privacy of customer data, which adds to the challenges of integrating data among various systems while maintaining compliance with data protection regulations. Those retailers might also use third-party systems, such as payment gateways, logistics providers, or social media platforms, which compounds the difficulties of integrating their data.
Regardless of these challenges, integrating all that data efficiently and accurately is crucial to streamlining the various retail processes and ensuring early payment discounts can be achieved, supplier and payment data is up-to-date, and supply chain chargebacks are detected and supported in an accurate, timely manner.
Three Areas of Value from Adeptia
Adeptia’s AI-powered retail data integration solution provides significant value to retailers in three areas:
- Empowering companies to attain early payment discounts with faster and more accurate data exchanges
- Speeding supplier and business partner data integration by 80 percent
- Minimizing supply chain chargebacks
