{"id":430634,"date":"2021-02-08T09:03:31","date_gmt":"2021-02-08T14:03:31","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=430634"},"modified":"2021-02-08T09:03:31","modified_gmt":"2021-02-08T14:03:31","slug":"compatio-launches-knowledge-based-commerce-suite-that-accelerates-online-purchases","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/compatio-launches-knowledge-based-commerce-suite-that-accelerates-online-purchases\/","title":{"rendered":"Compatio Launches Knowledge-based Commerce Suite that Accelerates Online Purchases"},"content":{"rendered":"
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\n Early Customers Gain ROI of More Than 500%, Also Announces New Funding, Available for Virtual Meetings at CABDA 2021<\/em>\n <\/p>\n

SPRINGFIELD, Mo., Feb. 08, 2021 (GLOBE NEWSWIRE) — Compatio, founded to transform the way people shop for complex products online, today launched its Knowledge-based Commerce Suite. The Suite helps retailers streamline the purchase process for complex outdoor products, i.e., products that include multiple components, such as bicycles and ski rack systems. Compatio also announced today a See Round of $1.5 million in financing, bringing total investment in the company to $2.4 million.<\/p>\n

\n Compatio will exhibit at the virtual CABDA Expo, the nation\u2019s fastest-growing bicycle retail event on February 10-11, 2021. To schedule a demo, please click <\/em>
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\n . To learn more about Compatio\u2019s new suite, click <\/em>
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\u201cCompatio\u2019s solutions and algorithms have streamlined our user experience,\u201d said Joe Dilschneider, owner of Madison River Fishing Company, an early Compatio customer, which has enjoyed a remarkable 501% ROI on its Compatio investment. \u201cEvery Compatio plugin is working well, anything new they create for our platform that will improve the user experience I\u2019m interested in.\u201d<\/p>\n

Fueling the performance of Compatio\u2019s eCommerce plugins is the company\u2019s Product Graph\u00ae, a proprietary graph database that understands product usage and complex relationships. It includes a precision taxonomy and powerful logic system composed of curated rules and machine learning. The Product Graph\u00ae efficiently manages hundreds of millions of valid product combinations with virtually no maintenance required by the retailer. All Compatio knowledge-commerce products also include CompatioScore\u2122, a proprietary algorithm to rate compatibility for optimal recommendations.<\/p>\n

Compatio is announcing the first three eCommerce plugins of the Suite: Expert Recommender System (XRS), Smart Bundler and Expert Cross-Seller, with more plugins to be introduced in Q1 2021.<\/p>\n