ReverseLogix and Pitney Bowes Launch Partnership for Consolidated Returns Service
Streamlined services will substantially lower return shipping costs for ReverseLogix customers, reduce waste, and refund consumers faster.
BURLINGAME, Calif., Nov. 14, 2023 /PRNewswire/ -- ReverseLogix, a provider of end-to-end returns management systems, announced a partnership with Pitney Bowes, the global shipping and mailing company that provides technology, logistics, and financial services that serves more than 90 percent of the Fortune 500.
Customers using the ReverseLogix end-to-end returns management system (RMS) will experience substantial cost savings on return shipments to their warehouse or facility. By accessing Pitney Bowes' competitive shipping rates directly in the RMS platform, brands can leverage a consolidated returns service that allows consumers to return items to Pitney Bowes' extensive network of national locations or via USPS pickups.
With the ReverseLogix RMS, Pitney Bowes will sort, process, consolidate and ship the returns to each merchant. This streamlined approach will have immediate, positive impacts on the ecosystem of both companies' customers. Through this partnership, Pitney Bowes clients can gain access to new RMS capabilities for rapid deployment.
In the near future, the partnership will expand to allow Pitney Bowes to take advantage of additional returns management capabilities exclusive to the ReverseLogix RMS, providing customers with deeper insights and data across the entire returns process while also protecting brands against return fraud and policy abuse.
Customers using the combined solution will experience the folloing benefits:
Lower shipping costs
Consumer convenience, faster refunds or credits
Improved corporate sustainability through less waste and lower emissions
"According to our recent BOXpoll survey, online return costs for retailers averages 21 percent of the order value. This is driven by growing return rates, increased parcel volume, and higher postal costs," said Gregg Zegras, EVP and President, Global Ecommerce at Pitney Bowes. "Through this partnership we unlock the best shipping rates available for ReverseLogix customers while simultaneously adding a new returns management service for Pitney Bowes. By enabling the ReverseLogix RMS within our network, we will uncover game changing insights into returns trends that we can offer to our customers and partners."
"This partnership is the future of returns management," said Gaurav Saran, CEO of ReverseLogix. "The cost and environmental impacts from rising return volumes are threatening to brands, consumers, and the planet. With Pitney Bowes, we're addressing our customers' biggest concerns while showing the industry how smarter returns management can be done."
About Pitney Bowes
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SOURCE ReverseLogix Corp