Aqurate exceeds 1,600,000 orders processed through online stores using its AI algorithm and announces integration with Teamshare

Aqurate, the Artificial Intelligence (AI)-based SaaS platform that increases eCommerce conversions through data interpretation, surpasses 1,600,000 orders processed through online stores using its AI product recommendation algorithm in the first half of the year and announces integration with Teamshare.

“Step by step we are moving forward, and if in the first four months of the year we were talking about the first million orders processed through the online stores that chose our solution, two months later, in the middle of the year, we already see over 1.6 million orders. The quantitative advance is also doubled by an expansion of our presence and we add a valuable partner, Teamshare, to the list of native integrations of the Aqurate Personalize service”, says Vlad Marincaș, CEO and co-founder of Aqurate.

Currently, through the partnership between the two companies, Teamshare users benefit from a 10% discount for the first six months of using the Aqurate Personalize solution, as well as a 30-day period in which they can test the Aqurate platform for free. “We are excited to announce our partnership with Aqurate and the Aqurate Personalize tool on the Teamshare platform. This partnership allows us to bring AI technology to the advantage of our customers by providing them with real-time personalized product recommendations to increase conversion rate, average cart value and customer retention. With the help of Aqurate, we help our clients automate and optimize the buying experience for their customers, generating higher sales,” adds Marius Panait, Managing Partner, Teamshare.

The e-commerce solution provider Teamshare, integrator of online invoicing, stock, management, payment, courier and marketplace systems, currently has more than 500 online stores in its customer list, exceeds 1,000 implemented projects and registers orders of more than 600 of millions of Euros annually.

Aqurate helps collect data that users of online stores interact with and feed it into the product recommendation engine. The AI solution is based on the analysis and interpretation of large volumes of data on customer behavior – purchased products, clicks, products added to the cart and others. It compares similar actions of different users and estimates, through artificial intelligence, what might be of interest to each user.

Aqurate Personalize increases eCommerce revenue by up to 23% with AI-generated product recommendations personalized to each site visitor. The service increases both eCommerce conversion rate and average order value. About Aqurate Aqurate, a SaaS platform based on artificial intelligence that helps eCommerce companies use their data to grow, was founded in 2019 by Vlad Marincaş, Tudor Goicea, Lisardo Erman and Raul Mazilu. The platform has, until now, attracted funding in the amount of approximately 500,000 Euros. More information is available at www.aqurate.ai.

About Teamshare

Teamshare is a provider of complete eCommerce solutions that integrates the systems used by customers in the current operational activity – programs for management, invoicing and stock management (ERP), online payment interfaces, courier services and marketplaces, as well as online marketing platforms . Teamshare brings over 20 years of experience in the eCommerce market. More information is available at www.teamshare.ro.