Originally published here in Business Wire

TORONTO--(BUSINESS WIRE)--GroupBy, a SaaS-based B2C and B2B eCommerce product discovery technology leader, has been shortlisted for the 2023 SaaS Awards program, in the Best SaaS Product for eCommerce/eShops category. The company's composable Product Discovery Platform, powered by Google Cloud Discovery AI, is revolutionizing eCommerce by empowering retailers and wholesalers to deliver Google-quality shopping experiences that meet today’s customer expectations and maximize revenue.

Now in its 8^th year, The SaaS Awards continues to celebrate the ultimate SaaS innovations across the globe. Entries were received from North America, Canada, Europe, the Middle East, and Australasia. The program’s categories for 2023 include ‘Bespoke SaaS Solution,’ ‘Best SaaS Product for Business Intelligence or Analytics,’ and ‘Most Agile or Responsive SaaS Solution of the Year,’ among others, covering a broad gamut of industries with innovative SaaS solutions.

“We’re honored to be shortlisted for the Best SaaS Product for eCommerce/eShops category of the SaaS Awards,” said Roland Gossage, GroupBy CEO. “This recognition highlights our continued role as a leading product discovery platform for enterprise retailers and reflects the value we offer our clients through increased revenue, reduced cost of ownership, and improved customer loyalty. We look forward to the finalist announcement later this summer.”

GroupBy’s next-gen eCommerce Search and Product Discovery Platform, powered by Google Cloud Discovery AI, is the only platform on the market fully wrapped around Google’s next-generation Retail Search engine. Created for eCommerce business use cases, this search engine can deliver results that are personalized, buyable and optimized for revenue. GroupBy’s platform builds on this industry-leading search engine, offering all vital product discovery functions (including Data Enrichment, Search, Browse, Recommendations, Merchandising, and Analytics and Reporting) to allow retailers to offer seamless, revenue-optimized digital shopping experiences to their customers all in one place.

Compared to legacy search solutions, brands who have switched to GroupBy’s next-gen platform have generated significant revenue increases of 10 to 15%. In addition, GroupBy’s platform greatly reduces manual interventions such as search tuning, freeing up merchandising teams to work on more important initiatives and lowering the total cost of ownership. GroupBy’s composable architecture seamlessly integrates into retailers’ tech stacks with minimal disruption and can be up in running in as little as 7-12 weeks, minimizing time to market and maximizing ROI.

“Year after year, we are thrilled by the intensity of the competition and innovation showcased in each entry,” shared James Williams, Head of Operations at The SaaS Awards. “The quality of this year’s submissions indicates a thrilling competition ahead in the next stages of the program. The organizations announced today as shortlistees, including GroupBy, embody the remarkable quality and level of innovation achieved this year. Our esteemed panel of judges is delighted to recognize such world-beating SaaS innovators.”

SaaS Awards finalists will be announced on Tuesday, 16 August 2023, with the final winners revealed on 13 September 2023. The program will return in 2024 to continue recognizing international SaaS excellence across various industries. Hundreds of entries were received at The SaaS Awards 2023 from across the globe.

To view the full shortlist, please visit: https://www.cloud-awards.com/2023-saas-awards-shortlist/.