Plano’s Systum has been placed at the top of a new Best Distribution Software list by FinancesOnline, an independent reviewing platform.
Systum provides a cloud-based, all-in-one inventory management system to its customers through a subscription-based platform. The business management platform provides integrations with major global companies, including Amazon, eBay, Facebook, and Google Analytics, among others.
FinancesOnline’s recognition of Systum is due to its ability to aid small to medium-sized businesses (SMBs) by combining business operations into a unified platform.
The platform is uniquely designed around a customer’s journey, which provides SMBs with enterprise-class functionality that makes it easy to track and manage the entire value chain. That kind of functionality is typically only available to mega corporations with multi-million dollar IT budgets, according to John Metcalf, Systum’s vice president of marketing.
“There is an estimated $1 trillion market available to SMBs in the wholesale and distribution vertical, yet they have little chance of capturing share because they are managing their businesses using multiple, disconnected technology platforms,” Metcalf says. “This disconnected approach causes process gaps, order inaccuracies, and doesn’t allow for a complete view of customer purchase data.”
Among the reasons why a company should pick Systum, according to FinancesOnline, includes its multichannel sales, CEO dashboard, multi-platform data analysis, quick e-commerce setup, and drop ship capabilities. The CEO dashboard, for example, gives businesses an overall view of their value chain, which can help owners make quicker and better decisions.
“The Systum platform breaks-down silos within a business and provides real-time data and business intelligence,” Dean Mansfield, Systum’s CEO, says in a statement. “This allows SMBs to dramatically improve operational efficiency and enables seamless, customer-centric digital experiences that rival Amazon and eBay.”
Systum has seen its software work for clients who have reported an 80 percent increase in employee productivity, increased service capacity, and two- to three-times growth in revenue, Metcalf says.
“We have a client named Heavenly Hounds that sells pet nutritional supplements. After installing our software, they were able to go from selling small orders to only Main Street retailers to now adding national retailers to their client list,” he told Dallas Innovates. “The company has grown 2X since installing our software.”
There’s a huge, acute need for Systum’s solution—according to Metcalf, there are 312,000 wholesale and distribution companies in the U.S. that generate $1-20 million in annual revenue, and all fall within its overall target segment.
Last year, Systum received an accolade from Logistics Tech Outlook as a Top 10 Inventory Management Solution.
This latest ranking comes after a productive summer for Systum, during which it announced it had raised $10.7 million during its funding round.
Systum’s North Texas origins
After Systum’s founders saw a gap in business management software offerings for SMBs, they decided to do something about it. Thus, Metcalf says, Systum was born.
“We know that what we’ve created will help SMBs compete in the data-driven digital world of eCommerce, and now the industry is taking note,” Mansfield says. “While it’s validating to receive this kind of recognition, the real pay-off comes in seeing our clients achieve dramatic growth. Up to 3X within a year of implementing our software.”
Product development started in 2016 and Systum began selling its software the following year. The company currently has 50 employees with plans to expand its development team and continue refining and improving its product.
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