Company Research Report: Commerce Vision
Company Overview
Name, Mission of the Company
- Name: Commerce Vision
- Mission: Simplify B2B Commerce to improve efficiency and drive sales online, in the field, and via email with an intelligent suite of software solutions.
When Was the Company Founded and by Whom
- Founded: 2001
- Founder: John Farnea, an ERP expert.
Key People in the Company
- Chief Executive Officer: David Brice
- Chief Customer Officer: Andrew Rogencamp
- Chief Technology & Product Officer: Ben Mostafa
- Chief Revenue Officer: Ben Sharp
- Chief Operating Officer: Jessica Turnbull
- Chief Financial Officer: Charlie Chen
Where is the Company Headquartered
- Location: Brisbane, Australia.
Number of Employees
- No information available.
Revenue of the Company
- No information available.
What is the Company Known For
Commerce Vision is known for being a leader in integrated B2B ecommerce solutions across Australia and New Zealand with deep ERP integration capabilities.
Products
CV Ecommerce
High-Level Description: Fully integrated ecommerce for B2B & B2C.
Key Features:
1. Deep Integration: Seamless integration with ERP & core business systems.
2. Highly Personalised: Branded portals, custom product catalogues, and personalised workflows.
3. User-friendly CMS: No-code drag-and-drop CMS for easy management.
4. PunchOut Capable: Supports enterprise customers with controlled purchasing environments.
5. All-in-One Solution: Comprehensive B2B & B2C functionality out of the box.
6. Scalable & Secure: Handles over $2B in transactions yearly.
Lucy
High-Level Description: Intelligent Sales Order Automation.
Key Features:
1. Automate PO Processing: Instantly processes inbound PDF purchase orders with AI.
2. Accommodates Sales Teams: Manages emailed PDFs from inbox to ERP 24/7.
3. Cost-saving: Reduces cost-to-serve and increases supply chain velocity.
4. Adaptable Learning: Continuously improves processing accuracy.
Opmetrix CRM
High-Level Description: Mobile merchandising & field CRM for sales teams.
Key Features:
1. Route Optimisation: Minimizes travel time and maximizes customer interaction.
2. Specialized CRM: Detailed customer data including sales history and notes.
3. Sales Automation: Direct integration with ERP for accurate order processing.
4. Retail Execution: Live updates on brand strategy execution.
5. B2B Ecommerce: Easy online ordering for customers.
6. Data Analytics: Provides insightful data for decision making.
7. Integration: Links with accounting systems for streamlined operations.
Recent Developments
2022 - Commerce Vision Acquires Opmetrix
Commerce Vision acquired Opmetrix, a world-class Field Sales & Merchandising application, to enhance its mobile sales offerings.
Platform Enhancements
Recent Product Releases:
1. CV Ecommerce:
- Version 2023.4: Auto Invoice Payment feature to assist Accounts Receivable.
- Version 2023.3: Features to assist reps in transforming reluctant web users into online ordering pros.
2. Lucy:
- Continues to enhance AI-based purchase order automation features.
3. Opmetrix CRM:
- Increase in user engagement with enhanced CRM capabilities and data analytics.
Partnerships and Expansions
- Potentia Capital Acquisition: In 2021, Potentia Capital acquired a majority share in Commerce Vision, aiming for transformational growth.
Customer Impact
- Customer Satisfaction: Maintains a 95%+ customer satisfaction rating.
- Transactions: Facilitates over $4B in transactions annually with 3.5M orders per year.
