Venzee

Venzee provides clean data to retailers and companies that use the blockchain. Find out how it works today in our review.

What Is Venzee?

Venzee is a startup that recently branched into the blockchain industry. To date, Venzee has been helping customers clean up their retail supply chain data to share with large vendors. Now, Venzee wants to provide clean data to companies working with blockchain.

Today, the retail industry is filled with companies using inefficient spreadsheets to store supply chain data. That’s why Venzee initially targeted the industry. Now, the company is trying to solve a key problem in the world of blockchain: the blockchain stores immutable, permanent data. However, the data you get from the blockchain is only as good as the data you put into the blockchain. You need clean data. That’s the next problem Venzee wants to solve.

Venzee’s blockchain technology, Mesh, is currently available in private beta. It’s scheduled for release before the end of Q2 2018.

How Does Venzee Work?

Venzee sees the problem as a “data transformation” problem. Their platform allows users to take spreadsheet data and immediately convert it into data that’s usable for big names like Amazon and Walmart.

In other words, Venzee transforms the data from each retailer’s spreadsheet-based system into a more transferable and useable system. That’s how Venzee is changing the retail industry – it’s automating the process of converting old systems into new systems.

When you think about it from that perspective, it’s clear to see why Venzee saw an opportunity in blockchain. It’s just a fancy new type of database – except in this case, the data is immutable and irrefutable. That can be a good thing when you put 100% accurate data into the system – but it’s a very bad thing when you input bad data.

Venzee’s blockchain solution is called Mesh. Mesh is a data transformation tool for blockchain technology. It can work for a retail supply chain company, or it can work with any company using the blockchain. If you need to transform data from your current system into the blockchain, then Mesh can help.

Mesh transfers data using a three step process:

  • Phase 1) The data is validated
  • Phase 2) The data is transformed to work in the new format
  • Phase 3) The data is transferred to the blockchain

Venzee Benefits

Venzee aims to deliver benefits to the three key members of the retail space, including suppliers/manufacturers, big retail, and independent retailers.

Benefits For Suppliers And Manufacturers

Venzee helps suppliers and manufacturers by aligning all information into a single system:

  • Today, suppliers and manufacturers often struggle to convey data to retailers; the data systems used by suppliers and manufacturers aren’t the same systems used by retailers, which leads to error-prone manual entry or data transfer
  • Suppliers and manufacturers can switch to Venzee for free; free membership includes a branded portal
  • Today’s process delays revenue, increases costs, and creates a labor-intensive process
  • Supports product imports into Amazon, Houzz, Jet, Magento, Shopify, Walmart, Wayfair, and other systems used by major retailers

Benefits For Big Retail

90% of vendors today perform data entry into a big retailer’s portal to abide by various requirements; this process is often labor intensive and error-prone:

  • Venzee provides a unique, branded product channel to big retailers
  • Big retailers can send vendors this product channel, making it easy for data to be transferred
  • The branded product channel can be quickly deployed, and wraps a simple user vendor experience around the requirements of your systems
  • Increased speed to market
  • Images that meet your unique requirements

Benefits For Independent Retailers

Today, independent retailers often download or receive spreadsheets from vendors that don’t meet their system requirements:

  • Independent retailers spend too much time and money converting vendor data into a more usable format
  • Venzee helps retailers automate this process to lower costs and increase revenue
  • Content-rich and error-free experience
  • Put your back office on autopilot

Venzee Pricing

Venzee is built for companies of all sizes. The company offers four different subscription levels, including:

Starter (Free)

  • 1 active product feed to any supported platforms or marketplace
  • 100 SKUs
  • 1 user
  • Real-time notifications
  • Automatic backups
  • Live chat

Basic ($119 Per Month)

  • 5 active product feeds to any Venzee supported platforms or marketplaces
  • Unlimited SKUs
  • 3 users
  • Daily feed updates
  • Real-time notifications
  • Automatic backups
  • Live chat and email support

Plus ($319 Per Month)

  • 10 active product feeds to any Venzee supported platforms or marketplaces
  • Unlimited SKUs
  • 5 users
  • Hourly feed updates
  • Real-time notifications
  • Automatic backups
  • Live chat and email support

Premium ($489 Per Month)

  • 15 active product feeds to any Venzee supported platforms or marketplaces
  • Unlimited SKUs
  • Feeds update every 15 minutes
  • Real-time notifications
  • Automatic backups
  • Phone, live chat, and email support

All prices are per month, based on an annual subscription.

About Venzee

Venzee’s “About Us” page describe the team as “a friendly bunch who have worked at companies including Amazon, Google, Ubisoft, Apple, Zynga, Epicor, and Mashery.” They’re a distributed team based around the world.

Venzee was founded in January 2014 by Kate Hiscox, Marco Sylvestre, and Xin Huang.

Venzee Conclusion

Venzee is a data transformation tool built on the blockchain. The company, founded in 2014, has always made it easy for retailers to import data into the same platforms used by Amazon, Walmart, Shopify, and Magento. With their new Venzee Mesh blockchain software, however, the company is allowing companies to record data on the immutable blockchain.

Venzee’s Mesh is currently in private beta. It’s expected to launch in early 2018. To learn more about the platform, visit online today at Venzee.com.

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