Renoworks' improved platform uses
A.I.-powered design and data insights to drive qualified remodeling
leads to building product manufacturer
CALGARY,
AB, April 28, 2022 /CNW/ - Renoworks
Software Inc. (TSXV: RW) ("Renoworks" or "the
Company"), the leading end-to-end visualization and lead
generating platform for the home renovation and new home
construction industry, announces significant lead generation
results with a top building product manufacturer partner. Based on
the deployment of new lead generation platform improvements powered
by the combination of A.I.-powered visualization and data science
insights, the Company increased lead generation rates up to 1300%,
allowing the manufacturer to capture qualified homeowners to
promote and sell goods to.
Delivering Value-Driven Results
with A.I. and Data Insights
Traditionally, building material manufacturers had limited
ability to generate highly qualified remodeling project leads,
relying instead on their dealer and preferred contractor networks
to generate product sales. Manufacturers in other industries have
solved this challenge by leveraging technology to better reach
their end consumer and support their channel partners. However, the
building material industry has lagged in this regard.
Renoworks solves this problem for the manufacturer by providing
it with artificial intelligence-driven visualization technology and
data insights to engage end-consumers, reduce drop-off, and capture
lead information from project-ready homeowners. The manufacturer
can now pass qualified leads to its distribution and contractor
partners to convert into sales opportunities.
Consumers are more willing to give permission to be marketed to
on a Renoworks visualizer because they are aware of the immediate
value. Working with key manufacturer partners, the Company has
demonstrated improvements to opt-in rates when the consumer is
offered an A.I.-generated design of their home featuring the
manufacturer's building products.
Beyond providing building material manufacturers an appealing
and efficient lead acquisition method, Renoworks' AI-powered design
visualization solution has equal application to companies further
down the value chain such as distributors, dealers, and
contractors.
"Renoworks has shown it can compete against traditional
marketing methods by offering homeowners an instantaneous and clear
picture of their home remodeling projects before the work begins in
exchange for their contact information and data," said Renoworks'
CEO Doug Vickerson. "By innovating
our technology and analyzing the data we collect, we are
continually improving the platform to increase lead generation and
product sales for our customers."
Renoworks' platform improvements that include these technologies
and data science offerings will be generally available in the
coming months.
To read more about Renoworks latest data science solutions,
visit: www.renoworks.com
About Renoworks
Renoworks Software Inc. develops and sells unique digital
visualization software and integration solutions for the remodeling
and new home construction industry. Renoworks delivers its
technology to manufacturers, contractors, builders, and retailers
offering solutions to one of the home improvement industry's
greatest challenges: enabling homeowners to review their product
selections in a hyper-realistic, virtual environment before
committing to purchases and construction. Renoworks markets its
technologies as an innovative engagement, sales, and marketing
platform and generates revenues from five main business lines:
Renoworks Enterprise, Renoworks PRO, Renoworks Design Services,
Renoworks FastTrack, and Renoworks API (Application Programming
Interface). For more information, visit www.renoworks.com and
www.renoworkspro.com.
Forward-Looking
Information
Certain statements in this news release, other than
statements of historical fact, are forward-looking information that
involves various risks and uncertainties. Such statements relating
to, among other things, the prospects for the company to enhance
operating results, are necessarily subject to risks and
uncertainties, some of which are significant in scope and nature.
These uncertainties may cause actual results to differ from the
information contained herein. There can be no assurance that such
statements will prove to be accurate. Actual results and future
events could differ materially from those anticipated in such
statements. These and all subsequent written and oral
forward-looking statements are based on the estimates and opinions
of the management on the dates they are made and expressly
qualified in their entirety by this notice. The Company assumes no
obligation to update forward-looking statements should
circumstances or management's estimates or opinions change.
The TSX Venture Exchange does not accept responsibility for
the adequacy or accuracy of this release.
SOURCE RenoWorks Software Inc.