Nexxus Group provides state-of-the-art solutions to streamline your operations
By Kevin Doyle
How did the Nexxus Group® come about? The decision to revise our web site in September 2017 provided us with the perfect opportunity to tell our story.
The seed for what became the Nexxus Group was planted by an embattled New England grocery retailer who posed the question: “Can you help us manage our overwhelming newspaper billing issues?” Shortly thereafter a platform to convert sales from traditional invoicing to Scan Based Trading (SBT) was developed. The Nexxus Group® was born.
Co-founders Jim Rao and Rino Vitolo established the company in 2003 in response to that specific request. The Nexxus Group® has grown exponentially since that time. Today, under the direction of CEO Mark Landgren and President Russ Fant, the company provides its industry-best SBT services for more than 90 retail partners at more than 71,000 locations in the United States, Canada and Puerto Rico.
Fant took “a leap of faith” when he left the publications industry to join Nexxus Group in 2007.
“When I first heard what Nexxus was doing in the publications industry I knew that they had an idea that had the great potential to change the way retailers managed that category. It has been an incredible journey over the past 10 years. To see where we are now, the categories and suppliers that we support and the company that we have all built together is an amazing thing. I am very proud of the company I work for and the people I get to work with every day,” he said.
Nexxus Group’s Beverly, MA Team and Charlotte, NC Team (lower right)
With our reputation as a client-focused partner firmly established, more than 50 retailers came on board from 2005-2013. Adding a steady list of industry leaders in the big-box, convenience store and drug store sectors helped to build Nexxus Group as a leader in the SBT sphere. That growth has continued, augmented by our enhanced services across multiple retail categories.
We now work with the Number One market leaders in grocery, mass merchant, drug, convenience, discount and coffee channels as well as national CPG suppliers. The company supports more than 6,000 distributors and manufacturing partners in categories such as Bakery, Dairy, Propane, Flowers, Books, Snacks, Novelties, Magazines, Books and Newspapers.
What Nexxus Group Does
The Nexxus Group has changed how retailers buy products to stock their shelves and how they pay for that inventory. When a customer decides on a purchase the store clerk scans the product. The Nexxus magic happens when the laser hits the bar code. The retailer pays Nexxus Group and we pay the vendor responsible for product delivery – a seamless process.
Nexxus is responsible for coordinating with and reimbursing thousands of global, national and local vendors who deliver their products to our clients across North America. SBT’s many benefits include reduced invoice discrepancies, improved data management, tighter shrink control and lowered inventory cost.
The NexxHub™ Advantage
We introduced our NexxHub™ online platform in 2016. It further enhances our industry best SBT services, providing state-of-the-art features and analysis such as:
- Automated operation reports that provide key metrics for the day-to-day operations of an SBT business
- Clear and concise financial information that tracks the revenue for each product sold through SBT
- Actionable daily sales data, presented by SKU, by store, and by day to support effective business decisions
- Access to analytics and business intelligence to create actionable information from the data
The new NexxHub user interface makes it easy to manage multiple price changes across networks of retailers. The introduction of consolidated sales reports, sorted across customized time periods for multiple retailers, is a proven time-saver for our SBT suppliers.
Placing more product and getting access to more stores are all part of the new NexxHub platform. It’s easy to add products to existing stores, as well as locate new product placement opportunities. The platform also delivers real-time actionable email notifications for store openings and re-openings, construction closings, and delivery gaps. These features are designed to help grow and manage SBT businesses.
“NexxHub is a giant leap toward improving profitability and transparency of the management of SBT programs. It simplifies access to the critical information vendors and retailers need to improve their business’ profitability,” says Chief Information Officer John Lara.
While technology is central to NexxHub platform, we have assembled a top-notch Operations team and expert Account Specialists. Their goal is to provide you with specialized assistance and support every step of the way.
Nexxus Group Looks Ahead
As online retailing continues to apply pressure to the retail sector, SBT will continue to evolve and grow. Nexxus Group will remain a vital factor in the equation moving forward.
About Nexxus Group®
Established in 2003, The Nexxus Group provides the industry’s leading full-service Scan Based Trading (SBT) suite and is a trusted business solutions and services partner at more than 71,000 locations for more than 90 retailers in the United States, Canada and Puerto Rico. We deliver innovative, cost effective SBT solutions for the Number One market leaders in grocery, mass merchant, drug, convenience, discount, airport and coffee as well as national CPG suppliers. We support retailers and more than 6,000 distributors and manufacturing partners in categories such as bakery, dairy, propane, flowers, snacks, novelties, magazines, books and newspapers.
For more information visit The Nexxus Group
Kevin Doyle, Web Content Editor / 1.978.993.7044 / email@example.com