#Vtex

[fmarkets]

VTEX Shatters Records with $353.8 Million in Gross Merchandise Volume on Black Friday2. https://csimarket.com/stocks/news.php?code=VTEX&date=2024-02-28154653&utm_source=dlvr.it&utm_medium=tumblr

[oyecommerz]

VTEX to Shopify Migration Service: Everything You Need to Know

E-commerce businesses are constantly evolving to meet customer demands and stay ahead of competitors. If you are considering migrating from VTEX to Shopify, you're taking a step towards scalability, flexibility, and growth. This blog will guide you through the process, benefits, and considerations of a VTEX to Shopify migration, ensuring a seamless transition for your business.

Why Migrate from VTEX to Shopify?

1. Shopify’s User-Friendly Interface

Shopify offers a simple, intuitive interface that makes store management easy, even for non-technical users. This reduces dependency on developers and allows businesses to focus on growth.

2. Wide Range of Customization Options

With Shopify, you can access a rich ecosystem of apps and themes, enabling you to create a tailored experience for your customers.

3. Scalability for Growing Businesses

Shopify is designed to grow with your business. Whether you're handling a few products or thousands, Shopify’s infrastructure can accommodate your needs seamlessly.

4. Cost-Effectiveness

Shopify offers transparent pricing with no hidden costs. Unlike VTEX, Shopify’s plans are straightforward and budget-friendly, making it a preferred choice for businesses looking to optimize their operational costs.

Key Benefits of Choosing Shopify

1. Global Reach

Shopify supports multiple currencies and languages, allowing you to cater to international audiences effortlessly.

2. Robust SEO and Marketing Tools

With built-in SEO features and integrations with marketing platforms, Shopify empowers you to drive more traffic and boost sales.

3. Reliable Support and Community

Shopify provides 24/7 customer support and has a thriving community of developers and merchants for additional guidance.

4. Advanced Analytics and Reporting

Access detailed analytics to make informed decisions and track your store's performance.

Challenges in VTEX to Shopify Migration

While migrating from VTEX to Shopify has immense benefits, it comes with challenges that need careful planning.

1. Data Migration

Ensuring accurate migration of customer data, product catalogs, and order history is critical.

2. Custom Features

Some features available on VTEX may require third-party apps or custom development on Shopify.

3. SEO Retention

Preserving your SEO rankings during the migration process is vital to maintain visibility.

4. Team Training

Your team may need training to adapt to Shopify’s interface and tools.

Steps for a Successful VTEX to Shopify Migration

Step 1: Pre-Migration Analysis

Conduct a comprehensive audit of your VTEX store. Identify essential data, features, and customizations to be migrated.

Step 2: Data Backup and Mapping

Backup all data and map it for compatibility with Shopify’s system.

Step 3: Theme and App Selection

Choose a Shopify theme that aligns with your branding and install necessary apps for additional functionality.

Step 4: Data Migration

Use tools like LitExtension or hire a professional service to migrate products, customers, orders, and other data to Shopify.

Step 5: Testing

Thoroughly test your new Shopify store to ensure everything works as expected.

Step 6: SEO Optimization

Redirect old URLs to new ones and optimize meta tags to preserve SEO rankings.

Step 7: Go Live

Launch your Shopify store and monitor its performance to address any issues promptly.

Why Choose OyeCommerz for VTEX to Shopify Migration?

OyeCommerz specializes in seamless e-commerce migrations. Here's why businesses trust us:

Expertise: Our team has extensive experience in VTEX to Shopify migrations.

End-to-End Support: From planning to post-launch support, we handle every aspect of the migration process.

Customized Solutions: We tailor the migration to suit your unique business needs.

SEO-Friendly Migration: We ensure your SEO rankings and online visibility remain intact.

Cost-Effective Services: Get quality services at competitive pricing.

Take the Next Step Towards E-commerce Excellence

Ready to unlock the full potential of your online store? Let OyeCommerz handle your VTEX to Shopify migration.

Contact us today for a free consultation and take the first step towards a scalable, user-friendly, and high-performing e-commerce platform.

Conclusion

Migrating from VTEX to Shopify is a strategic move for businesses looking to enhance their operations and customer experiences. With the right partner, like OyeCommerz, you can overcome migration challenges and reap the benefits of Shopify’s robust ecosystem.

Make the switch today and empower your business for long-term success.

[sociedadnoticias]

La experiencia de compra y un check out optimizado: VTEX

El éxito en el comercio digital va más allá de la oferta de productos: la experiencia de compra se ha convertido en un diferenciador Por Deyanira Vázquez | Reportera En un entorno de consumo digital en constante evolución, las expectativas de los consumidores continúan creciendo. La calidad del producto sigue siendo importante, pero ya no es el único factor decisivo. Hoy en día, la experiencia de…

[norteenlinea]

Getnet se integra con VTEX para potenciar el eCommerce

http://dlvr.it/TFKnry

[industrynewsupdates]

Credit Bureau Services Procurement Intelligence: Key Trends and Insights

The credit bureau services market is expected to grow at a CAGR of 12.6% from 2024 to 2030. The market for credit bureaus is expected to grow in the next few years due to the rising demand for credit cards. Credit card benefits, such as unlimited reward points with usage, insurance protection, discounts, and cashback, help increase credit scores. Further, credit card issuers provide credit bureaus with details about cardholder activity that help them confirm each customer's credit ratings, which serve as the foundation for loan applications.

As per the U.S. Federal Reserve Bank report, 82% of adults had a credit card in 2023, and 36% of adults applied for some type of credit in 2023. The adults with a minimum income of USD 100,000 held a credit card in the U.S. in 2023. The rate of credit card applications remained robust throughout 2023 in the U.S.; it reached 29% in October 2023. Due to these factors, the usage of credit cards has increased, which in turn has led to an expansion in the market for credit bureaus.

A credit bureau acquires and maintains track of a variety of credit-related insights on users and organizations, such as loans taken, overdraft facilities, and credit card usage. Increasingly, credit bureaus are partnering or collaborating with fintech companies to provide custom data analytics due to increasing demand for credit from new-to-credit (NTC) consumers. For instance, in 2023, credit bureaus witnessed more pronounced changes in the consumer credit market. As per the TransUnion report, the demand for auto and home equity loans has been steadily increasing since 2023. However, with increasing preference for credit products, the delinquency levels for personal loans and credit cards also rose in 2023.

According to TransUnion’s 2023 Consumer Pulse study, 26% of Americans planned to seek a credit instrument in 2024. Of those, 53% wanted a credit card, 23% wanted a car lease or loan and 22% wanted a personal loan. Credit limits increased by 26% in 2023, as per Equifax estimates. The share of NTC customers dropped from 17% in September 2022 to 14% in September 2023. Despite this drop, consumption-led demand continues to drive the demand for credit globally. In India, between July to September 2023, in the MSME sector, NTC customers accounted for 46% of the credit demand. They are expected to drive growth notably.

The North American region accounts for the largest category share due to an increase in the number of people looking for credit products like loans and credit cards amidst rising consumer awareness of the importance of maintaining a good credit score and routinely checking credit reports. In most places, there are primarily three major credit bureaus in the world - Equifax, Experian, and TransUnion. However, a few medium-sized private credit bureaus are also present in a few countries apart from these three giant players.

Order your copy of the Credit Bureau Services Procurement Intelligence Report, 2024 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

Companies are concentrating their efforts on introducing cutting-edge technologies to strengthen their position in the industry. Blockchain technology enables instantaneous and transparent transaction initiation and execution amongst many parties. For instance:

• In May 2024, Equifax collaborated with the commerce platform, VTEX, to help prevent fraud for merchants worldwide. VTEX’s platform will utilize Equifax’s robust fraud prevention and detection capabilities and “Kount Payment Fraud” solution in this partnership. This will help both B2C and B2B merchants secure their business while providing enhanced customer solutions.

• In March 2024, TransUnion introduced its new platform called “OneTru” for managing, analyzing and providing data-related insights about customers. The platform unifies separate data and analytical resources designed for fraud prevention, credit risk, and marketing and then consolidates them into a single unified integrated layer. This strategy enables TransUnion to provide a more accurate, comprehensive and compliant picture of customers, regardless of the use case.

Credit bureaus possess high bargaining power primarily due to their unique position as information aggregators and providers in the financial landscape. They collect and maintain detailed credit histories of individuals and businesses, which are crucial for lenders and other financial institutions to assess creditworthiness. This information asymmetry gives credit bureaus significant leverage when negotiating with clients, including banks, credit card companies, and other financial entities. Additionally, regulatory barriers and limited competition in the industry contribute to their strong bargaining position. As a result, credit bureaus can influence market dynamics and often dictate terms that favor their interests.

The credit bureau services industry is highly consolidated in nature. Globally, more than 50% - 60% of the market is dominated by three players - Experian, Equifax, and TransUnion. The concentrated industry structure of credit bureau services can be attributed to several factors. First, the nature of the industry requires a high level of trust, accuracy, and regulatory compliance. This leads to a preference for established players with proven track records. Additionally, the entry barriers are relatively high due to the complexity of the services, the need for extensive data management systems, and the regulatory environment. As a result, a few dominant players tend to dominate the market, creating a concentrated industry structure.

The major cost components are salaries of professionals, IT and infrastructure, operational and administrative expenses, legal and marketing. Credit bureaus and IT technology play a vital role in maintaining accurate and efficient credit reporting systems. The importance of investing in IT technology lies in its ability to streamline processes, reduce errors, and enhance security measures. This, in turn, ensures that consumers receive fair credit assessments and financial institutions can make informed decisions. While the cost of implementing and updating IT systems may be significant, the benefits of improved data management, faster access to information, and better risk management far outweigh the expenses.

The category is based on a subscription pricing model, where a full report can be generated with credit scores depending upon the subscription period. The subscription plan could be for one year, 6 months, monthly, or one time as per company requirement. For instance, TransUnion CIBIL, an India-based credit information company, charges Rs 550 for credit report with a credit score. The element affecting the cost structure for credit bureau services is labor cost and software cost used in this industry. Credit bureau services come with various features, such as identity theft insurance and card activity alerts which require investment in software and acquiring labor.

Countries such as the United States, Canada, the United Kingdom, India, and Australia are preferred business destinations for these services. People in these countries give significant importance to credit scores which determine their financial competency and self-esteem. One of the essential sourcing practices for this category is engaging and negotiating with more than one supplier to acquire a holistic package of services. For instance, different credit bureau companies are providing a different set of services with credit report services. Experian can provide services such as credit scores and reports along with offering loans. In contrast, CRIF High Mark can offer credit scores and reports along with analytics services such as the deduplication platform. Therefore, businesses are required to negotiate and source the appropriate suppliers to get a whole sum report at affordable prices. Other sourcing practices considered in the category are competitor pricing strategies evaluation and payment terms.

Browse through Grand View Research’s collection of procurement intelligence studies:

• Payment Processing Solutions Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

• Cash-in-Transit Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Credit Bureau Services Procurement Intelligence Report Scope

• Growth Rate: CAGR of 12.6% from 2024 to 2030

• Pricing growth Outlook: 3% - 5% (Annually)

• Pricing Models: Subscription pricing model

• Supplier Selection Scope: Cost and pricing, Past engagements, Productivity, Geographical presence

• Supplier Selection Criteria: Individual and Commercial Credit Report Services, Microfinance Credit Information Report, Credit Report Verification Services, Additional services (Loan Report, Score Simulator, Membership Access), operational capabilities and others

• Report Coverage: Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Key companies 

• CRIF High Mark Credit Information Services Pvt. Ltd

• Equifax Inc., Experian PLC

• Innovis (CBC Companies)

• TransUnion LLC

• Credit Bureau Malaysia Sdn. Bhd.

• Qatar Credit Bureau

• The Saudi Credit Bureau (SIMAH)

• Credit Bureau Singapore

• National Credit Bureau Company Limited (Credit Bureau)

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.

Our services include (not limited to):

• Market Intelligence involving – market size and forecast, growth factors, and driving trends

• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships

• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

[telodogratis]

Vtex e Pinterest rivoluzionano il social commerce

(Adnkronos) – La partnership ha come obiettivo espandere le opportunità per i brand globali, migliorando connessioni e conversioni  ​Read More  (Adnkronos) – La partnership ha come obiettivo espandere le opportunità per i brand globali, migliorando connessioni e conversioni  Adnkronos – Tech&Games  tecnologia 

[josuejuniorworld]

Como transformar conversas em vendas com ChatGPT?

Já pensou em utilizar o ChatGPT para atrair, engajar, converter e reter clientes no seu ecommerce? Hoje isso já é possível. Por meio dessa inteligência artificial (IA), você consegue construir uma atmosfera conversacional completa e pode aproveitar o potencial de cada interação para impulsionar as vendas. Quer saber como fazer isso na sua loja virtual da VTEX? Então, continue acompanhando este…

[origiinis]

│╱ ﹫ 𝚁𝙰𝙳𝙸𝙾𝚂𝙰𝙽𝙴 ╲ │ …—… starter.

𝚃𝚁𝚄𝚃𝙷 𝙱𝙴 𝚃𝙾𝙻𝙳, adam was bored. the hint of novelty that hell once reserved, the same innovation he had once been mildly intrigued by had long since been discarded to the farest depths of the fallen angel's mind. now, time seemed to drag. the seconds that amassed to minutes felt extended & gaunt. weighty boots had marched through the corridors of the hotel, pestered the staff & inhabitants, he's done it all and yet he's still so BORED. that truly being the main motive for his presence here in the radio tower, where he had made himself at home. sifting through the very outdated materials around him, moreso the lack of materials. brow arched at the lackluster arrangement.

❝ ...dude, you gotta upgrade your setup or something. 'cuz this shit's just weak. you don't have jack in here. how the fuck are you supposed to keep the viewers up and the vibes right, when you don't even have a soundboard ? ❞

𝙼𝙸𝙽𝙳𝙻𝙴𝚂𝚂, 𝙽𝙾𝚂𝙴𝚈 𝙳𝙸𝙶𝙸𝚃𝚂 are quick to seek out any activity to fiddle with, an anchor in a sense to keep adam from succumbing to pure dullness. with the collection of miscellaneous wires that lay on the desk presented to him, front & center, adam moves to leisurely encircle the composition of cords around his fingers momentarily, before he proceeds with slightly tugging at the equipment.

❝ you should probs hit up vtex or, um, vtek or uhhh.... bro, whatever-the fuck-they're called. hit their line 'cuz you need some better 'quips A.S.A.F.P. ❞

[swingstocktraders]

"First week down and what a start!

“First week down and what a start! Our system delivered a solid 4.5% portfolio gain! Top trades $MRNA +12%, $VTEX +10%, and $AMLX +9%. Despite the market’s rough kickoff, our system still pulled in profits! Here’s to an exciting 2024 ahead! 🚀💰 #trading #2024Outlook” https://www.swingstocktraders.com/performance.html

[techrookies]

Keep IT complexity in check with pragmatic composable commerce

Mariano Gomide de Faria Contributor Mariano Gomide de Faria has over 20 years of experience in digital commerce and is the founder and co-CEO of global enterprise digital commerce platform VTEX. Legacy digital commerce architectures are no longer sustainable in today’s commerce arena. With every component tightly integrated into a monolithic architecture, a legacy platform’s […] © 2023…

[norteenlinea]

VTEX adquiere Weni para mejorar su plataforma composable y completa, ofreciendo una experiencia de cliente orientada por datos e impulsada por IA para marcas y retailers

http://dlvr.it/TDMDDD

[fernandaantognoli]

#retailmedia #ecommerce #data #retail #retailers #2023 #scanning #trendresearch

[aishavass]

[Updated Report] Press Release, August 01, 2023 (Orbis Research) - The Global Retail eCommerce Platf