London, 12 May 2015 – Intershop today introduces Commerce Suite Instant, a special offering provided jointly with partners. Commerce Suite Instant is aimed at B2B businesses in the UK with an annual turnover of under £50 million. The complete B2B commerce solution comes in ‘shop in a box’ style and provides a fast path to market for organisations that want to deliver a superior e-commerce experience to B2B buyers, who increasingly prefer the speed and convenience of ordering online.
Commerce Suite Instant combines the Intershop Commerce Suite platform with an attractive storefront, which is custom designed by an Intershop partner. Following setup, the monthly subscription of £9-15K per month, depending on requirements, includes hosting, maintenance, disaster recovery, backup and support. The platform offers all the features of a comprehensive multi-channel commerce platform, including intuitive order processes, online payments, self-service options, tailored promotions, and easy product and order management. In addition, it meets B2B specific requirements with built-in quote management and order approval, simplified processes for repeat and bulk orders, and the option to create customer specific product catalogues and pricing. Forrester Research has predicted that B2B e-commerce sales will exceed 1.1 trillion US Dollars by 2020 [Death of a (B2B) Salesman, Forrester, April 2015], a jump of 40% on Forrester’s previous forecast. The growth is largely driven by ‘channel-shifting’ B2B buyers who are buying more online than through phone or other offline channels. “For B2B organisations, self-service e-commerce offers a huge opportunity to cut the cost of serving customers - by as much as 90% according to Forrester,” commented Matthew Diss, Managing Director UK & Ireland, Intershop. “In a survey of B2B executives, 56% said they have customers they can only serve profitably online [The Case for Channel-Shifting Customers Online, Forrester, December 2014]. But at the same time B2B organisations are struggling to deliver the seamless shopping experience that users have come to expect. That’s why we have put together our Instant solution. It can help B2B organisations have a fully featured, powerful e-commerce platform up and running in less than three months.”
Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is an independent, internationally leading provider of omnichannel commerce solutions. The latter are available as cloud-based commerce-as-a-service solutions or as licensed models and combine the expertise from over 25 years of software development for online commerce. Upon request, Intershop orchestrates the entire omnichannel commerce process chain – from the design of online channels to the implementation of software to fulfillment. Around the globe more than 300 enterprise customers run Intershop solutions Customers include large corporations such as HP, BMW, Würth and Deutsche Telekom as well as medium-sized enterprises. Intershop operates in Europe, the USA and the Asia-Pacific region.
This news release contains forward-looking statements regarding future events or the future financial and operational performance of Intershop. Actual events or performance may differ materially from those contained or implied in such forward-looking statements. Risks and uncertainties that could lead to such difference could include, among other things: Intershop's limited operating history, the unpredictability of future revenues and expenses and potential fluctuations in revenues and operating results, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.