15 Jan GrandCanals Named an IDC Innovator for Geospatial Traceability and Analytics in Supply Chain 2018
GrandCanals Named an IDC Innovator for Geospatial Traceability and Analytics in Supply Chain 2018
Los Gatos, Calif., January 16, 2018 — GrandCanals, the leader in analytics-driven fulfillment, today announced that the company has been named an IDC Innovator for Geospatial Traceability and Analytics in Supply Chain. The report, IDC Innovators: Geospatial Traceability and Analytics in Supply Chain, 2018 (IDC #US43316517), profiles four emerging technology vendors that have built tools to address geospatial traceability and analytics within the supply chain. The IDC Innovators research document examines providers with revenue of less than $100 million with a product, service, or business model with a specific use case.
“It is an honor to be recognized as an IDC Innovator. This accomplishment caps a year of incredible growth and market validation for GrandCanals. In 2017, we released several new applications and experienced significant increases in the number of customers and in revenue. This growth resulted in a greater than 400% increase in fulfillment data under management which drives our AI and data science algorithms to higher levels of accuracy and efficiency,” said Doug Jones, CEO, GrandCanals. “Our growth is fueled by the realization that fulfillment is now core to the online customer experience. Companies require an analytics-driven approach to fulfillment that optimizes the customer experience and thus, customer lifetime value.”
In May 2017, GrandCanals announced the release of the Fulfillment Intelligence Cloud version 3.0 along with $4.8M in funding. Fulfillment Intelligence Cloud 3.0 is purposely built for improving direct-to-customer fulfillment. Key features of the Fulfillment Intelligence Cloud include powerful fulfillment analytics and modeling with FD-AI™, GrandCanals’ artificial intelligence technology for fulfillment data analysis and FD-Mapper™, GrandCanals’ fulfillment and carrier data normalization technology. These features and more help companies optimize their fulfillment strategy by automatically balancing the cost and performance of their fulfillment networks.
In August 2017, GrandCanals announced the general availability of the Fulfillment Intelligence Cloud version 3.5. This updated version includes several significant enhancements to TurboRFP which simplifies the creation of RFPs, automatically compares multiple rounds of carrier proposals, and manages the entire RFP process. TurboRFP was created to streamline the RFP process and obtain fulfillment savings of 20% on average.
In June 2017, GrandCanals launched the Fulfillment Intelligence Cloud for 3PLs. The solution is the first purpose-built analytics platform that helps third-party logistics (3PLs) providers manage and optimize their fulfillment and shipping across small-parcel, less-than-truckload (LTL) and truckload. Further, 3PLs can extend the solution and provide the intelligence derived from the Fulfillment Intelligence Cloud to their customers as a strategic, value-added service.
About IDC Innovators
IDC Innovators reports present a set of vendors – under $100 million in revenue at time of selection – chosen by an IDC analyst within a specific market that offer an innovative new technology, a groundbreaking approach to an existing issue, and/or an interesting new business model. It is not an exhaustive evaluation of all companies in a segment or a comparative ranking of the companies. Vendors in the process of being acquired by a larger company may be included in the report provided the acquisition is not finalized at the time of publication of the report. Vendors funded by venture capital firms may also be included in the report even if the venture capital firm has a financial stake in the vendor’s company. IDC INNOVATOR and IDC INNOVATORS are trademarks of International Data Group, Inc.
For more information about IDC Innovators research, please contact Karen Moser at firstname.lastname@example.org.
Based in the Silicon Valley, GrandCanals is the market leader in analytics-driven fulfillment. The company’s flagship product, the Fulfillment Intelligence Cloud, is the world’s first cloud-based analytics platform purpose-built to optimize fulfillment and delivery. GrandCanals helps companies increase sales, fulfill with confidence, and delight their customers by improving their delivery experience. As a result, GrandCanals helps businesses of all sizes profitably meet customer expectations in a rapidly transforming eCommerce world. For more information go to www.grandcanals.com and follow GrandCanals on Twitter and LinkedIn.