Is Salsify a SaaS?

Salsify's product experience management (PXM) platform has only been in business since March 2018. The firm is recognized as a leader in the PIM industry. Its platform is widely used by firms all over the world. Given these facts, it's easy to automatically choose Salsify if you need a good PIM management tool. However, it's important to understand how Salsify and other, similar platforms work so you can find the tools that are the best fit for your business.

What Is a PIM?

PIM stands for product information management. You can use the term to refer to any organizational plan a company uses to manage product information. However, it often refers to software designed to act as a single "source of truth" for all product information.

PIM software can store product SKUs, prices, features, benefits, dimensions, and product functionality information. Users can apply tags to find and filter this information as needed. What's more, most PIM programs also come with digital asset management (DAM) functionality. This means that companies can store images, video files, and text attachments along with other forms of product information. As most PIM platforms are SaaS (software as a service) platforms, authorized employees can access them from anywhere in the world. This ensures the platform remains accurate as it's updated in real-time. It also gives employees access to up-to-date information 24/7, reducing employee errors and improving customer service.

What Is an Example of a PIM?

There are many PIM platforms on the market. Some of the best-known ones include Plytix, Syndigo, Inriver, Akeneo, Catsy, Pimcore, and Lumavate. Each PIM platform offers product information management solutions that enable you to store and access data securely and easily. Other features, amenities, and benefits vary depending on your chosen platform. 

Many PIM tools not only help you store your product information, but also share relevant information with sales partners and your target audience. For instance, many platforms integrate with e-commerce sites and your website to automatically update product pages as needed. Many platforms enable you to give consumers custom product recommendations based on the product they are currently looking at and/or have purchased in the past. Other great features include form builders and integrations with commonly used software programs such as Salesforce.

Lumavate stands out from other PIM systems because it includes not only PIM and DAM functionality but also a comprehensive digital experience platform (DXP). You can use it to create a company website, as well as microsites for individual products and product lines. It can create and automatically update your company's online product catalog. You can also use Lumavate's tools to promote events as well as physical goods. The platform has dozens of integrations that save you time and hassle. Lumavate also adds new features every two weeks to keep your business a step ahead of the competition.

Is Salsify a SaaS?

Not all PIM platforms are offered as a SaaS. Some older PIM programs run on your network and thus cannot be accessed remotely. They're not only difficult to work with if you have multiple branch offices, but also not 100 percent secure. If an IT breakdown, natural disaster, or cyberattack damages your IT system, you lose access to valuable product information, perhaps permanently.

The Salsify PIM and Salsify DAM platforms are both SaaS-based solutions. These programs can be accessed online, which makes it easy for your employees to keep the PIM up to date and use the information in the PIM to improve consumer experiences with your products. Other SaaS benefits include flexibility, scalability, a high level of security, and easy access.

Lumavate uses a cloud-based SaaS solution. It offers all the benefits of a SaaS along with regular product releases, affordable price plans, and reliable disaster recovery.

What Is Similar to Salsify?

Salsify is by no means the only platform that offers PIM, DAM, and PXM services. Some of the many Salsify competitors include Lumavate, Catsy, Akeneo, Plytix, and Pimcore. Most of these platforms offer both PIM and DAM services in one package and provide a PXM platform as a separate service. Many of these platforms are comprehensive and provide multiple tools and features to help you save time, stay organized, and promote your business. 

Lumavate is one of the few PIM providers that includes PIM, DAM, and DXP features in its product experience management (PXM) platform. What's more, Lumavate has a faster onboarding time than most other PIM providers. Many non-SaaS and even SaaS platforms require you to provide detailed business information before you receive a price quote, after which you have to wait for the company's technicians to get the system up and running for your firm. With Lumavate, however, you only need to pick the price plan of your choice and pay for it. Once you do so, you have immediate access to the platform and all the included tools and amenities. Changing price plans to add new features takes only a few clicks. This makes it easy for you to add new features and services to your PIM plan as needed.

Are you looking for a platform that includes product information management, digital asset management, and product experience management services? Would you like to use a PIM platform that includes multiple integrations and the ability to send highly targeted text messages? Lumavate offers the features and amenities you need to generate brand awareness and create positive product experiences for consumers of all ages and walks of life. It has tools that help you not only sell goods but also keep consumers coming back to your store. What's more, the platform is up to 75 percent more cost-effective than other, similar PIM programs. Get in touch with us today to find out more about what we offer or to schedule a free product demonstration at your convenience.