Pitney Bowes' Technology Powers Ordoro's Order Platform
Premium technology company, Pitney Bowes Inc. PBI, recently announced that its proprietary shipping APIs for USPS postage solutions will now power Ordoro’s multi-channel order platform.
Pitney Bowes’ Shipping API technology – part of its Commerce Cloud platform – has earned a solid reputation among e-commerce platforms for simplifying the entire shipping process as well as fortifying security measures. This technology can perform a range of functions for its clients, such as creation of labels, accessing discounted rates and tracking of packages seamlessly. This, in turn, helps SMB retailers slash operational costs and deliver higher customer satisfaction.
Boosting Shipping and Inventory Management
Ordoro, an e-commerce order and inventory management firm, has been consistently improving its shipping and inventory management for all e-commerce merchants. Pitney Bowes – which has been a key provider of online shipping technology for over a decade – is offering a scalable technology to Ordoro. This will enable it to provide e-commerce solutions for merchants of all sizes.
At present, the e-commerce merchants’ back office operations, including inventory, orders and shipping, are quite complex with ample scope for improvement. Leveraging Pitney Bowes’ shipping APIs technology, Ordoro will aid e-retailers to manage their operations across multiple channels on the same platform.
Pitney Bowes believes that smooth shipping is indispensable for a great e-commerce experience. Going forward, this technology firm foresees multiple retailers turning toward it for its state-of-the-art technology that supports improved delivery. In a bid to improve its overall technology portfolio, the company has signed deals with 11 system integrators to date. Of these, deals with two global technology behemoths, Accenture plc ACN and International Business Machines Corporation IBM deserve special mention. We believe that such efforts will be conducive to the company’s growth in the long run.
Headwinds Mar Near-term Prospects
Despite these positives, Pitney Bowes’ financials have been affected by escalating marketing and ERP implementation expenses. The company expects rising capital expenditure in 2016 related to the ERP program (in areas including process automation of manual procedures, expanding web capabilities for client self-service, and additions of new functionality) will drive operating costs, thereby increasing pressure on margins.
PITNEY BOWES IN Price
PITNEY BOWES IN Price | PITNEY BOWES IN Quote
These apart, foreign currency fluctuations have also been hurting the company’s sales. Strengthening of the U.S. dollar has proved to be a headwind for the company’s e-commerce business by making purchases more expensive and lowering cross-border sales. This Zacks Rank #4 (Sell) expects currency volatility to continue hampering its cross-border businesses.
A better-ranked stock in the industry is Konica Minolta, Inc. KNCAY that holds a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Interested in IPOs? Check out the special edition of Zacks Friday Finish Line below, where Editor Maddy Johnson and Content Writer Ryan McQueeney interview Kathleen Smith of Renaissance Capital about the IPO market in 2016 (see part two here).
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
INTL BUS MACH (IBM): Free Stock Analysis Report
PITNEY BOWES IN (PBI): Free Stock Analysis Report
KONICA MINOLTA (KNCAY): Free Stock Analysis Report
ACCENTURE PLC (ACN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research