Conexiom Releases its Electrical Distribution State of the Industry Special Report for 2022

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Oct 12, 2022, 11:11 ET

Findings reveal that customer excellence is a crucial focus throughout the industry

VANCOUVER, BC, Oct. 12, 2022 /PRNewswire/ -- Conexiom, the only platform that delivers 100% data accuracy from the most complex business documents, today released its special edition report on the electrical distribution industry. Key findings reveal that 75% of electrical distributor decision-makers reported that more than half of their company processes documents manually, despite 100% reporting they have invested in digital transformation and automation for front and back-office processes.

The electrical distribution industry is highly competitive and complex. The pain-point for many electrical distributors is that their customer service representatives (CSRs) are spending time manually entering purchase orders and not meeting their service level agreements for same-day quote response. Additionally, this industry has a unique challenge around contractors' requests for special pricing agreements, as these require manual processing of hundreds of lines of data, which unfortunately takes time away from the CSRs to focus on their customers. 100% of electrical industry CSRs reported, in Conexiom's Special Report, the ability to provide prompt and accurate customer service is their biggest pain point in the next 12 months.

Conexiom customer, Rexel Canada, leveraged the Conexiom Platform for Sales Order Automation and saw immediate ROI by simply automating its documents. "We started out by automating the orders of 20 of our customers, then made jumps to 100 and 250. Now, we're at 600. I receive a monthly report that shows how many hours of time we save through order automation. It makes me feel good because we are now in the range of thousands of hours saved that can be reallocated. It has allowed us to do tons of other things that help generate money for the company," said Rick Pozniak, Rexel's Director of Digital Solutions.

According to the Special Report customer excellence was a top priority:

50% of IT decision makers in the electrical distribution industry reported the ability to fill customer orders or stock products and raw materials as their biggest pain point in the next 12 months.
33% of company owners in the electrical distribution industry reported the ability to provide prompt and accurate customer service as a current or anticipated pain point related to hiring for their company.
50% of decision makers in the electrical distribution industry said working alongside digital technology, like automation, has made their job more interesting while 25% said it has improved customer experience.

The World Economic Forum reports that digital transformation could unlock $1.3 Trillion of value for the electricity sector. As the leader in electrical distribution automation, Conexiom's proven technology has been a value-add for electrical distributors by reducing the cost to serve while also freeing up resources to provide superior customer experience, which in turn helps strengthen customer relationships and increase market share.

"In today's complex business environment, you can't afford to stay stagnant. Instead, you need to embrace agility, accelerate digital transformation, and automate manual document processes to remain competitive," said Ray Grady, CEO and President of Conexiom. "The results of our special edition report for electrical distributors prove that this industry needs to free up employees' time by eliminating manual data entry so they can focus on what matters most – serving their customers."

Over two decades, 80% of the Top 20 distributors in North America process orders with Conexiom because it is the only platform that leverages proprietary Touchless Automation technology. A detailed summary of the results of the survey can be found at Conexiom.

About Conexiom

Conexiom is the only platform that leverages proprietary Touchless Automation technology to ensure that it delivers automation with 100% accuracy, transformed with predetermined business rules and logic, and delivered directly to any ERP. Conexiom streamlines the processing of emailed purchase orders, AP invoices, and order acknowledge. Manufacturers and distributors across the globe, such as Genpak, Rexel Canada, and Werner Electric, trust Conexiom to create resilient operations that scale, drive growth, reduce costs, and build frictionless relationships with their customers and suppliers.

Conexiom is based in Vancouver, British Columbia, and has offices in Kitchener, Ontario; London, England; Munich, Germany; and Chicago, Illinois. Visit Conexiom.com.

Contact:
Korina Kennedy
925-348-7333
[email protected]

SOURCE Conexiom Inc