Building Sophisticated Transaction Models

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With so many options provided by different platforms, how can a company ensure it is choosing the best option? Boris Lokschin, Co-founder and CEO of Spryker Systems, has nearly 20 years’ experience building commerce technologies, and claims it’s best to create a tech stack that provides options for the customer rather than relying on preset models. Listen to hear more about Spryker Systems and how the company created stability for sophisticated transactional business models in today’s ever-changing market.

Tune in to learn:

  • How digital transformation has changed the industry (04:38) 
  • Why Spryker’s buyers started to change (11:42) 
  • About the evolution of commerce engines  (17:25) 
  • What happens when the market flips (31:47) 

To view the episode transcript, please click here: Episode Transcript

About the Guest:

From Linked In BIO: With almost two decades of building commerce technology businesses behind him, Boris Lokschin  is undoubtedly an expert in digital commerce and digital transformation. Boris was at the forefront of the cloudification and Open Source movements of the commerce tech industry and even offered software-as-a-service solutions before it even was a recognised industry term. He has a deep understanding of the diverse organizational, methodological and complex technological needs multinational corporations and traditional businesses face amid ongoing digitization developments. Boris sold both of his previous businesses, the last one to NASDAQ listed CGI Inc.

Boris is convinced by the vast potential of technology to enable companies to build digital transactional capabilities beyond the traditional thinking and transform businesses and whole industries. Since its founding in 2014, Spryker has empowered 150+ companies such as ALDI, Toyota, Siemens, HILTI or RICOH around B2B, Enterprise Marketplaces, IoT and Unified Commerce. Spryker received $130 million in recent Series C funding led by US investor TCV (AirBnB, Netflix) at the end of 2020 at a company valuation exceeding $500 million, which makes Spryker the fastest-growing enterprise commerce software company worldwide.”

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Episode 432