Series A financing for ReverseLogix 20M

ReverseLogix 20M If you are a B2B or B2C company that deals with returns, you may be interested in learning about Reverselogix’s recent $20 million Series A financing. The platform is designed to help you manage your delivery operations, with the help of AI and machine learning. As a result, you’ll be able to make the process more efficient.

ReverseLogix 20M Series A Financing is a platform for managing end-to-end delivery operations

ReverseLogix, the maker of the REVERSELOGIX 20M Series, is a California-based company founded in 2014 that provides a cloud-based platform that manages end-to-end delivery operations. The system connects every point in the return lifecycle, from inventory optimization to repairs.

Adaptable SaaS platform

It is a highly configurable and adaptable SaaS platform and is designed to help companies recapture lost costs and streamline the process. In fact, the system is already used by some of the largest players in the reverse logistics space.

Support Businesses to Consumer

ReverseLogix is the only provider of an end-to-end reverse logistics platform that supports business-to-consumer and business-to-business customers. These customers can use the system to streamline the returns process while ensuring that customer satisfaction is never compromised.

Most Important Benefits

One of the most important benefits of using the reverse logistics process is that it improves visibility, and reduces the operational cost of delivering goods to customers. While it’s true that a return will inevitably happen, better technology will make the process less expensive, faster, and easier to manage.

ReverseLogix uses artificial intelligence and machine learning to optimize the returns process and minimize the number of returns it manages. Therefore, it can save its customers up to 20% on the underlying value of their purchases.
Other benefits of the reverse logistics system include the ability to maintain a customs-compliant process, and a reduction in operational costs. By implementing the system, DHL can deliver customized solutions to meet its customers’ needs. A significant part of the reverse logistics process is automated workflows, which will allow employees to follow a set of rules to expedite the process.
Although ReverseLogix is the first to claim this award, it isn’t the only software solution in this space. Companies are increasingly looking for the best-of-breed technology solutions to boost visibility, enhance efficiency, and improve customer experience. However, it is the ReverseLogix 20M series, a proprietary cloud-based platform, that is making its mark on the industry.
With the funds it has raised so far, ReverseLogix plans to accelerate its global growth and introduce new features and functionality. This includes integrating its SaaS technology with other systems, including those from leading contract logistics providers.

AI and machine learning to automate and optimise the process

The ReverseLogix Corporation has raised $20 million in its first external funding round from Cambridge Capital. This fund will help the company to expand its capabilities. It will also help it deliver a turnkey, modular SaaS platform for reverse logistics.

The platform for cloud computing developed by ReverseLogix

The ReverseLogix cloud technology platform automates reverse logistics for e-commerce brands. The system manages all aspects of reverse logistics including inventory optimisation, repair management and returns initiation. By utilising AI, the system can enhance visibility, reduce operational costs and increase customer satisfaction.

Manual process Benefits

Currently, the reverse logistics process is a manual process. Using AI and machine learning, it can be automated. Companies can use the data for performance optimisation, risk management, insight discovery and cost optimisation.

In addition to increasing efficiency, AI-driven robotic process automation can eliminate errors and provide additional accuracy. The system also allows industrial companies to maximize resources and improve profitability.
As a leading cloud-based returns management platform, ReverseLogix serves the needs of large companies and small businesses alike. Some of its customers include Cole Haan, Electrolux, and BNSF Logistics.
With the funding, the company plans to expand its customer base and build a robust cloud technology platform.

2. Several types of AI

Several types of AI are applied to targeted solutions, While the process looks different for each organization, it can be beneficial to integrate artificial intelligence into the supply chain.

Artificial Intelligence Through AGL

AGL, a leading electric utility in Australia, is a prime example of how the supply chain can benefit from artificial intelligence and machine learning. By using its virtual power plant, AGL can train thousands of machine learning models in less than a third of the time typically needed.

To date, AGL has developed thousands of machine learning models to improve forecasting and help customers save energy and money. In the future, it plans to connect more of its assets beyond solar batteries to the grid and add more data sets for improved forecasting.

Digitalisation Strategy

A digitalisation strategy can boost operational performance and margins in good and bad times. It also enables companies to be more customer-focused and achieve increased visibility.

Capable of managing both B2B and B2C returns

There is no denying that eCommerce has taken over the world, and with it has come to a plethora of product returns. While this is great news for the consumer, B2B enterprises are faced with a number of unique challenges. Whether it’s managing a large volume of returns from multiple eCommerce sites or ensuring a smooth return process, the demands placed on your supply chain can be daunting. Fortunately, there are companies like ReverseLogix that can assist you in navigating the treacherous waters.

Manage your Return Cycle

ReverseLogix is a SaaS company that specializes in providing a returns management system that is designed to meet the needs of both manufacturers and third-party logistics providers. The company’s customer list is impressive, including some of the biggest names in the industry. From high-end luxury car makers to mid-range automotive suppliers, ReverseLogix can help you with all aspects of the return cycle.

Reduce your Operational Costs

To make the most of your reverse logistics activities, you’ll need to implement the appropriate technology. By combining a suite of products, you can improve visibility, speed, and accuracy. Using an all-in-one solution will ensure that you can reduce your operational costs while keeping your supply chain compliant.

Best Solution For Every Situation

While there is no single best solution for every situation, ReverseLogix’s suite of products can provide your business with the tools to tackle the challenges that confront every enterprise. From inventory optimisation to warehouse management to automated repairs, ReverseLogix can help you streamline your business’s return process. Using the best returns management software can enable your operations to operate efficiently and effectively while saving you money in the process.

For Example

For example, one of ReverseLogix’s customers could save $700,000 in lost inventory alone. This is a feat that was made possible by the company’s state-of-the-art technology.

Other Notable Features

Other notable features include a comprehensive ‘best-in-class’ support infrastructure and an industry-leading ROI. With more than 200 customers in more than 30 countries, ReverseLogix is positioned to help your enterprise conquer the return cycle. You can rely on the company’s innovative solutions to streamline your operations while allowing you to concentrate on delivering the optimum level of customer service.

Raises $20 million in Series A financing

ReverseLogix is a cloud-based platform that automates end-to-end reverse logistics for e-commerce brands, manufacturers, and third-party logistics providers. It helps companies manage repairs, inventory optimization, and returns processing across their reverse supply chain. With its modular SaaS platform, ReverseLogix provides customers with the ability to increase efficiency and visibility, streamline returns and repair processes, and optimize inventory for optimal performance.

Reverse Logistics Industry

The company is gaining traction in the reverse logistics industry, which is expected to grow to a trillion-dollar global market in the coming years. In fact, a quarter of all eCommerce orders in the US are returned. That means returns cost eCommerce businesses up to 20 per cent of the value of the goods they sell.

ReverseLogix’s software

ReverseLogix’s software uses machine learning to automate the reverse logistics process. This can reduce operational costs and enhance the customer experience, which in turn can increase sales. As a result, the company is poised to capture a significant share of the market.

Mercury-led investors

ReverseLogix has already received funding from Mercury-led investors, White Rose Ventures, and Ben Franklin Technology Partners. The company also recently landed $20 million in Series A financing from Cambridge Capital. These new investments will help the company expand its API offerings and expand its sales model.

ReverseLogix’s customers

ReverseLogix’s customers include some of the world’s leading brands. Their list of customers includes Workday, Oracle, Boeing, Zoho, Kraft Heinz, and Microsoft. Managing returns is a complex process that involves multiple parties, including manufacturers, e-commerce platforms, and retailers. ReverseLogix manages all aspects of the reverse logistics ecosystem through its modular SaaS platform, from last-mile delivery to the proper location.

ReverseLogix’s modular platform

Customers can use its machine learning capabilities to maximize returns and repair management, increase visibility and customer satisfaction, and improve operational efficiency.

Variety of Other Technologies

By deploying artificial intelligence and a variety of other technologies, ReverseLogix is able to automate and optimize the entire reverse logistics process. This, in turn, can significantly reduce the operating costs of its customers.

Conclusion

ReverseLogix is a new and innovative technology platform that helps businesses manage their reverse logistics processes. This solution enables e-commerce firms, manufacturers and third-party logistics providers to process returns, inventory optimization and repairs. It also provides automated backups, remote assistance, and more.