Product Information Management Solutions

PIM systems can contribute detailed product information and manage product data, making it easier for businesses to showcase accurate product information across multiple digital channels. PIM stores all the product information. It is essentially the central repository of product information.

PIM systems centralize and manage product data, ensuring consistency across various channels. They streamline workflows, reduce errors, and improve customer experience. PIM systems often automate workflows, which means your product launches quicker and you accelerate time-to-market. PIM systems help retail businesses by simplifying supplier collaboration. This means that suppliers can update their product information directly and in real-time. PIM systems also accommodate growing products and businesses. Say, your product/service/business scales up, increasing workload and data; PIM systems can ease this process by adjusting to your business needs.

The cost of PIM depends on various factors, such as the number of users of the PIM platform, features & functionality, the level of integration, the level of customization, the volume of data, pricing models, and more. Investing in a PIM system is a strategic decision, giving you long-term benefits. 

Iksula’s PIM system enhances data accuracy by turning advanced analytics into actionable insights. With our AI-powered data quality checks, we ensure manual errors are kept to a minimum or eliminated entirely. This, in turn, ensures that product information remains consistent across multiple channels. Our PIM system centralizes data into a single platform to avoid discrepancies that arise from using multiple data sources. This means product data can be updated easily and in real-time. Our PIM system continuously studies and analyses product performance, customer preferences, and market trends. This helps us create actionable insights that help businesses make informed decisions.

Implementing a PIM system typically takes 4 to 8 months. The implementation period depends on the complexity of the organization and the data presented. PIM implementation happens in phases:

Phase 1: This is the planning phase. This phase typically takes 2 to 4 weeks. Businesses figure out who needs to be added to the project as stakeholders, assess the current method of managing product information, note down what your new PIM system needs, and pick a PIM vendor.

Phase 2: This phase takes 4 to 8 weeks. Businesses plan out how product data will be structured in the system. Once the flow of product information is mapped out, businesses study and analyse how the PIM fits in with existing systems.

Phase 3: This is typically the most time-consuming phase. It can take anywhere from 6 to 12 weeks. Here, organizations clean up existing data and add any missing information, and then run tests to ensure the data has been transferred accurately.

Phase 4: This phase takes 4 to 8 weeks. Here, businesses run tests in their new PIM system to understand if it can handle their volume of data.

Phase 5: This phase takes 2 to 4 weeks. The company’s team will learn to operate the new PIM system. They make user guides with helpful resources. Companies test the new system in real-world scenarios and prepare to go live with the new system.

Phase 6: This phase takes 4 to 8 weeks. This is the final stage. Here, companies implement any necessary adjustments and add features that were not added during launch.

PIM platforms centralize product data. This means the information remains consistent across multiple channels. PIM platforms provide accurate information, be it descriptions, images, or prices, and tailor datasets for each channel. When the information is consistent across various channels, the customer is bound to trust the brand or business more. This ultimately helps to improve brand image and localizes content delivery.

PIM services support faster marketplace onboarding through automated data entry, formatting, and validation. PIM services automate workflow, allowing businesses to guide sellers and check for incorrect or missing information. PIM services can reduce errors in data import, ensuring compliance and smoother product listings across multiple channels.