Vancouver, BC – Venzee Technologies Inc. (TSX-V: VENZ) (the “Corporation” or “Venzee”) is pleased to announce that Trans Globe Lighting, a leading manufacturer of residential lighting to retailers including Walmart, Amazon, and The Home Depot, is expanding its use of Venzee to support its 100+ additional retailers.
Using artificial intelligence, Venzee transforms product information from suppliers and manufacturers into the requirements of retailers, eliminating a labor intensive process. Recent research has shown that 94% of spreadsheets contain errors after deployment, a problem solved using Venzee’s platform (source: Supply Chain DIVE).
Peter Mackay, CEO of Venzee, commented, “Venzee represents substantial return on investment for both vendors and retailers by removing an unnecessary step from their product workflow. By removing this step, Venzee eliminates human error, reduces human resources, and increases margins which is critical for e-commerce businesses to be successful.”
“We’re thrilled to be expanding our relationship with Trans Globe Lighting, who have utilized our platform not only to update some of their largest retailers, but to sync with their supply chain in China. They’re a great example of a forward-thinking brand in the residential lighting space”, added Mr. Mackay.
Venzee provides high value customized SaaS (software-as-a-service) solutions to tier-1 enterprise clients around the world. Additionally, it accommodates the budgets of smaller retailers, with pricing starting from US$49 per month for paying members.
According to Statista, in 2016, the global e-commerce industry achieved estimated US$1.8 trillion dollars in sales, and is expected to grow to US$4.5 trillion by 2021. As e-commerce sales continue to grow at staggering rates, the need for better delivery of product information for businesses is now solved with the Venzee software solution.
About Trans Globe Lighting
Trans Globe Lighting is proud to be a leading manufacturer of residential lighting, lamps and home décor since 1986. Born from the hopes and aspirations of two entrepreneurial spirits, Trans Globe Lighting is a true testament to the American dream. Trans Globe Lighting’s mission from the start was exceeding the industry standard in value, style and selection. Today that mission remains stronger than ever. For more information on Trans Globe lighting, visit the corporate website at https://www.tglighting.com
Venzee is a SaaS company that launched in 2014 to help e-commerce vendors and retailers easily share product information in a US$23 trillion retail industry (source: Statista). Traditionally, this was done using spreadsheets which created a labor-intensive process that delayed products from reaching the marketplace. Venzee’s technology, leveraging artificial intelligence to streamline product information management, allows thousands of vendors and retailers to seamlessly share information, avoiding delays and getting products to market faster than ever. The Company graduated from notable startup accelerator program 500 Startups and is already powering some of the biggest brands in the world.
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