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Case Study - Konica Minolta
B2B commerce solution for multinational manufacturer of business and industrial imaging products.
Industry
Manufacturing
Use Case
B2B Replatform, Multi-Geo
Products
Elastic Path Product Experience Manager, Elastic Path Payments
We want to give customers digital experiences they didn’t expect and delight them in ways they didn’t expect to be delighted. In order to do that, we need flexibility, we need good partnership, and we need the technology infrastructure to constantly evolve. We get that with Elastic Path.Velinda Cox Senior Vice President, eCommerce
We want to give customers digital experiences they didn’t expect and delight them in ways they didn’t expect to be delighted. In order to do that, we need flexibility, we need good partnership, and we need the technology infrastructure to constantly evolve. We get that with Elastic Path.
Konica Minolta Business Solutions U.S.A., Inc. (Konica Minolta) has a mission of reshaping and revolutionizing the workplace. The company is a multinational manufacturer of business and industrial imaging products, such as printers and copiers, and supports customers’ digital transformations through its business technology portfolio, which include IT services, intelligent information management, video security solutions and managed print services, as well as office technology and industrial and commercial print solutions. Konica Minolta’s broader business includes healthcare solutions, such as ultrasound and radiography, and optical technologies that measure color and light.
Konica Minolta’s business is global and storied, with representation in 150 countries worldwide. The company’s roots go back to 1873; its 2022 revenue exceeded $8.4 billion.
The business of selling printers, copiers, and office technology was once as traditional as any. Ordering office supplies meant in-person visits and one-to-one communication between a Konica Minolta sales representative and a client. Demands of the market have changed, and customers want options for how they interact with their vendors. Konica Minolta aims to deliver options – both physical and virtual – to meet the needs of its clients and allow them to do business with them anytime, anywhere.
All industries are now required to deliver digital options for purchasing, driving the growth of digital commerce and creating the directive for all manufacturers to incorporate digital buying capabilities. Konica Minolta is building omnichannel experiences fueled with the MACH architecture approach of Elastic Path.
In fact, Konica Minolta has entirely transformed its B2B commerce experience. In the past, the company didn’t have a B2B digital commerce solution. But in the midst and aftermath of the COVID pandemic, buyers came to expect the ability to do business online. To serve its customers, Konica Minolta needed to provide strong online buying experiences to meet the transformed requirements of the business buying audience of today.
Velinda Cox, senior vice president of eCommerce at Konica Minolta, said that launching a digital B2B commerce solution at Konica Minolta came with challenges. In particular, Konica Minolta’s digital needs are made more complex by the large, global, multi-industry nature of its offerings.
“Konica Minolta has grown over time in different geographies with different architectures,” Velinda said. “As a global organization, we have the same objectives, but different ways of supporting it with our commerce technology.”
For Konica Minolta, an effective digital commerce approach doesn’t just mean delivering one single experience. It means delivering unique experiences for what specific markets demand, across geographies and industries and business cultures.
Velinda said that she and her team decided that meeting these business requirements would entail a commerce architecture that:
Konica Minolta only had to ask: What commerce architecture supports these requirements? The answer: composable commerce.
“Going composable gives us the ability to plug-and-play solutions into the commerce platform – and give customers in different places and parts of the buyer’s journey the experiences they deserve,” Velinda said.
For Konica Minolta, adoption and understanding were critical for change management to enable transformation success.
After all, Konica Minolta is a massive, diversified business, with customers and employees and business lines across the globe. Adopting a new technology meant making a strong case that it would benefit the company and its customers.
Velinda said that as she and her team proposed composable commerce to executives and leaders across the organization, they highlighted three points:
“Ultimately, it was about showing how composable commerce would provide a tangibly better experience for customers,” Velinda said.
With the company behind a composable commerce approach, Konica Minolta needed to determine who to partner with to power their commerce solution.
Any partner of Konica Minolta needed to deliver on specific priorities:
Konica Minolta’s requirements and priorities led them to one eCommerce partner: Elastic Path.
When it came to choosing a composable commerce partner, Elastic Path stood out. It felt like Elastic Path wanted to walk the journey with us to create experiences that delight our customers and drive revenue.Velinda Cox Senior Vice President, eCommerce
When it came to choosing a composable commerce partner, Elastic Path stood out. It felt like Elastic Path wanted to walk the journey with us to create experiences that delight our customers and drive revenue.
Elastic Path’s offerings meant that Konica Minolta’s digital commerce priorities could be brought to life:
So far, Konica Minolta’s decision to go with Elastic Path has reaped benefits.
For one, Konica Minolta’s buyers now have a digital storefront that meets their needs. A buyer shopping for computer accessories, for example, can filter by category, brand name, color, material type, screen size, number of USB ports, and other differentiators so that they make a selection that works for their business.
A B2B buyer searching for a specific Konica Minolta product, such as a printer, now experiences an elevated digital product merchandising experience. Products are listed with key features, related services, product materials, and the ability to request a quote and be connected to a Konica Minolta representative.
In this way, Konica Minolta’s digital storefronts are a reflection – and extension – of the best aspects of its premium, white-glove customer experience. Buyers are shown complete, accurate information and can begin bundling additional, related services before confirming their selections with a sales representative. The buying process is streamlined, efficient, and still personal to the buyer’s needs.
Composable commerce means using best-of-breed vendors to power best-in-class commerce experiences. The bedrock of composability, then, is about selecting strong vendors – across tax, search, CRM, CMS, and more – that together bring a digital commerce vision to life.
We know that a composable solution is only as strong as the vendors that comprise it. So, when Velinda and her team partnered with Elastic Path, they gained access to a holistic commerce solution that integrates and partners with Konica Minolta’s preferred vendors.
Konica Minolta’s digital commerce solution comprises the following vendors, all of which integrate or partner with Elastic Path:
In short, Konica Minolta is fulfilling the promise of composable commerce by using multiple vendors for their commerce solution. Elastic Path serves as the connective tissue that powers this approach, ensures a holistic commerce solution, helps the vendors communicate, and keeps efforts pointed toward meeting Konica Minolta’s unique business objectives and needs.
Selecting composable commerce and partnering with Elastic Path are not the end of Konica Minolta’s commerce journey.
In fact, Konica Minolta went composable – and chose Elastic Path – precisely because they consider composable commerce a springboard to continued commerce innovation.
Konica Minolta opted for composable commerce because its customers’ needs had evolved. There’s no reason to think this won’t continue. Fortunately, composable commerce’s adaptability enables future-proofing. When customer needs and expectations change, Konica Minolta’s commerce offerings can, too. Even as digital revenue grows, composable commerce offers the flexibility to continually optimize and refine customer experiences, leading to better and better commerce performance, and a lasting, cost-efficient solution.
Revenue is important. So are bounce rates, page progressions, time spent on our site. Customer experience is the key to everything. We have to prioritize capacity. Where are we going to put the effort to create those experiences? Composable commerce gives us the flexibility and feedback to make those choices.Velinda Cox Senior Vice President, eCommerce
Revenue is important. So are bounce rates, page progressions, time spent on our site. Customer experience is the key to everything. We have to prioritize capacity. Where are we going to put the effort to create those experiences? Composable commerce gives us the flexibility and feedback to make those choices.
Konica Minolta has opted for composable commerce and for Elastic Path in order to offer industry-leading experiences across a customer’s lifecycle.
“It’s not just commerce,” Velinda said. “It’s a virtual infinity loop of experiences we want to bring to customers. It’s more than customers saying, ‘I found something I like, I’m putting it in a shopping cart, and I’m paying for it.’ Our commerce vision is reaching for a place where customers have unique, valuable experiences before, during, and after making a purchase.”
Connect with us today to see how our family of composable products will help you deliver unique commerce experiences.