One of only two
vendors to achieve gold medals for ‘Total Cost of Ownership’ in both Paradigm
B2B 2024 reports, VTEX reinforces its value proposition.
Mumbai, India : VTEX (NYSE: VTEX),
the composable and complete commerce platform for premier brands and retailers,
has been recognized with medals in all 24 categories by industry analyst
firm Paradigm B2B in its annual Combine Reports (Enterprise and Midmarket Editions).
Informed by leading B2B ecommerce practitioners, VTEX received a total
of eleven gold medals in both analyses – three more than in 2023. These
include medals for ‘Ability to Execute’ and two
gold medals for ‘Total Cost of Ownership’ in both
Enterprise and Midmarket editions, making VTEX one of only two
commerce platforms to achieve this distinction.
The
24 medals awarded to VTEX across all categories in the 2024 Paradigm
B2B Combine Report solidify several major B2B milestones in recent
years:
VTEX secured many of the largest legacy-to-modern
commerce platform migrations from global B2B brands such as Briggs &
Stratton, CAE, Colgate,
Mazda, Stanley Black
& Decker, Whirlpool, and
many others.
Within
its platform, VTEX allows enterprise brands to unlock the ability to lower the
technical maintenance burdens while keeping the flexibility necessary for any
digital commerce experience —all of this with incredibly fast
times-to-value.
According
to Paradigm B2B Combine, VTEX is particularly well-suited for
enterprise B2B companies looking for a modularized eCommerce, OMS, and
Marketplace solution with strong promotions capability in a flexible,
multi-tenant SaaS environment.
"After migrating from our legacy ecommerce
platform to VTEX, we saw a 40% revenue growth the first year, followed by
additional 20% growth over the next two years," said
Krizia Labayen, Ecommerce and Marketing Director at bisco
Industries. The switch to VTEX allowed bisco industries to
create a B2B marketplace, which reduced lead times, expanded product offerings,
and enhanced pricing and inventory transparency with suppliers. Today, bisco
industries has grown its customer base and elevated its brand recognition,
driving international growth and delivering personalized service globally.
"Enterprise companies are recognizing the
value proposition of VTEX with our seamless integration of B2B, B2C, and
marketplace capabilities on one platform. Serving 2,600 global brands across 43
countries at an unparalleled cost of ownership, VTEX’s composable and complete
architecture has been proven to enhance efficiency and deliver superior
experiences, resulting in a notable return on investment," said Santiago
Naranjo, Chief Revenue Officer (CRO) at VTEX. "The
Paradigm B2B Combine report underscores VTEX's commitment to advancing
innovation in the unified commerce landscape."
The
analyst firm, Paradigm B2B, highlighted VTEX’s strengths in
customer service, OMS, out-of-the-box marketplace, promotions, and its
impressive release and upgrade cycle, contributing significantly to
the medal breakdown for the 2024 Paradigm Combine Report:
Enterprise
5
Gold:Customer Service & Support; Integrations, Operations &
Infrastructure; Marketplaces; Promotions Management; and Total Cost of
Ownership.
3 Silver:
Ability to Execute, Transaction Management, and Vision & Strategy.
4 Bronze:
Content & Data Management, Sales & Channel Enablement, Partner
Ecosystem, and Site Search.
Midmarket
6
Gold: Ability to Execute; Customer Service & Support; Total Cost of
Ownership; Integrations, Operations & Infrastructure; Marketplaces; and
Promotions Management.
2 Silver:
Transaction Management, and Vision & Strategy.
4 Bronze:
Partner Ecosystem, Content & Data Management, Sales & Channel
Enablement, and Site Search.
For more information and to read a free copy of the
Paradigm B2B Combine report, click here.
About VTEX
VTEX (NYSE: VTEX)
is the composable and complete commerce platform that delivers more efficiency
and less maintenance to organizations seeking to make smarter IT investments
and modernize their tech stack. Through our pragmatic composability approach,
we empower brands, distributors, and retailers with unparalleled flexibility
and comprehensive solutions, enabling them to invest solely in what provides a
clear business advantage and boosts profitability. VTEX is trusted by 2,600
global B2C and B2B clients, including Carrefour, Colgate, Motorola, Sony,
Stanley Black & Decker, and Whirlpool, having 3,500 active online stores
across 43 countries (as of FY ended on December 31, 2023). For more
information, visit www.vtex.com.
Contact: vtex@candour.co.in