GK Software AG and prudsys AG form a technology partnership to break the boundaries between online shops and retail stores
As part of a pioneering technology partnership, GK Software, a leading international supplier of in-store solutions for retail trade, is integrating the renowned personalization software prudsys RDE into its GK/Retail POS solution.
The GK omnichannel and clienteling solution is compatible with tablets and enriched by the real-time recommendations of the prudsys RDE. It helps in-store employees reach a new level of customer service. In-store employees can use this application to record purchases and process payment transactions. At the same time it can be used to access the company’s online shop. Based on the customer’s ID presented on site, e.g. an email address, the employee can offer suitable recommendations according to the customer’s previous online purchasing patterns as well as products viewed at the POS. These recommendations are then immediately displayed in a personalized customer area within the checkout system. The prudsys RDE calculates and generates these recommendations on the tablet in real time. Once the customer has decided on a product, the GK application immediately indicates whether the product is available in the store or online. It is also possible to check the inventory on hand for the desired product. Upon request, the item can be delivered to the customer’s door or picked up at the store using the Click & Collect option. By including this information, the customer benefits from superior customer service. At the same time, the probability of purchase is greatly increased.
Michael Jaszczyk, CTO of GK Software: “We see great sales potential in a personalized sales approach in the retail business. Our solution for retailers, combined with the prudsys RDE, provides retailers with the opportunity to individually serve their customers in-store. The combination of a POS solution and a recommendation engine is an important milestone for omnichannel trade thanks to the integration of online and offline channels.”
Silvio Steiger, Head of Business Development at prudsys continues: “With this partnership, we are making room for completely new application scenarios in business, scenarios in which customers and dealers alike will benefit. In addition to personalized product recommendations, our next goal is to provide personalized rebates and coupons in the GK/Retail POS checkout software. These rebates and coupons will be tailored to each customer, strengthening customer loyalty.”
On a daily basis the prudsys Realtime Decisioning Engine (short: prudsys RDE) offers customers a special shopping experience with around 1 billion personalized recommendations in over 200 online shops in 34 countries. With a trade volume of over 8 billion USD from recommendations each year, the real-time analytics system is one of the world’s most successful personalization solutions.
prudsys AG is the holder of numerous patents and is considered the best-of-breed provider for real-time analytics. prudsys consolidates and develops its leading position in this field through cooperation with leading universities and other scientific institutions. prudsys is a member of the DMG and OMG standards committees and thus actively participates in the development of standards in intelligent data analysis.
prudsys organizes the DATA MINING CUP which is well established around the world as a competition for intelligent data analysis and forecasting. Every year since 2000 prudsys has been encouraging thousands students and over 100 universities to develop practical applications in this field.