payments in the bag217228f1-3110... · the cambridge satchel company is a british business that...
TRANSCRIPT
www.adyen.com
The Cambridge Satchel Company is a British business that
produces handmade leather goods and satchels based on an
original Oxford and Cambridge satchel design.
The company was founded in 2008, by Julie Deane OBE and
her mother Freda Thomas. By 2011, Cambridge Satchel was
producing and distributing over 3,000 bags a week, to 86
countries worldwide. In 2013 turnover reached ₤13 million and
today The Cambridge Satchel Company sells to 100 countries,
both online and in-store.
Partnering with Adyen
By 2014 The Cambridge Satchel Company was ready to embark
on its global journey. It needed a solution that would enable the
company to scale internationally. User experience was a driving
force, with an aim to provide a unified customer experience
across all channels, including cross channel returns.
The time had come for a digital transformation and so, lead by
a new CTO with over 15 years experience building multichannel
systems to transform businesses, The Cambridge Satchel
Company partnered with Adyen.
A high-speed rollout
Things had to move fast; with two new stores opening in Glasgow
and Edinburgh and Black Friday fast approaching, Adyen had a
4-week window to complete a full integration and go live.
In addition to this, The Cambridge Satchel Company was out of
time to procure more tills for their new stores. As a solution,
Adyen introduced The Cambridge Satchel Company to FiveRun, a
cloud-based omnichannel commerce technology company.
Adyen worked with FiveRun and The Cambridge Satchel Company
to install endless aisle capabilities through a mobile point of sale
(mPOS) solution in their pop-up shops and stores. This meant
that customers were able to order items no longer in stock or not
sold in that store via in-store kiosks. Close collaboration ensured
the company was set-up and ready to go just in time!
Furthermore, as a Salesforce Commerce Cloud partner, Adyen
were able to offer The Cambridge Satchel Company a Commerce
Cloud plugin with minimal integration efforts, saving time and
money.
Payments in the bag The Cambridge Satchel Company
www.adyen.com
The whole project was a resounding success and Black Friday sales
increased by 124% that year.
Chinese payments, with an even bigger share of the fast-growing
mcommerce market, it could not be overlooked. In February 2015
The Cambridge Satchel Company went live with Alipay.
With Adyen’s direct connectivity to Alipay, the company benefits
from an excellent integration for both online and mobile payments.
Transaction data collected a month following the Alipay launch
demonstrated that Alipay accounted for almost double the number
of the transactions of all other payments methods combined, and
within a 3 month period, authorization rates increased by 15% and
checkout conversions by 5%.
Omnichannel
Partnering with Adyen enabled The Cambridge Satchel Company
to effectively manage a seamless solution across all channels
(online, POS and mobile) from a single platform. It also benefits
from a 360-degree view of payment data, with a single customer
record across multiple channels and territories.
Global Expansion
Thanks to its acquiring capabilities, and support of hundreds of
local payment methods, Adyen is able to provide The Cambridge
Satchel Company with a complete solution to accept payments
in any major or emerging ecommerce market. Furthermore,
with local offices across 6 continents, and a deep understanding
of payment landscapes, it was the ideal partner to take The
Cambridge Satchel Company global.
The primary focus was China, and the company launched
with a local website, supporting China UnionPay and major
international credit cards. However, as Alipay accounts for 48% of
Conclusion
Adyen was able to respond to The Cambridge Satchel Company’s
growing needs quickly and efficiently. With a single integration
based on core in-house technology, it manages the company’s
payment flow end-to-end across multiple channels and payment
methods. Looking ahead, Adyen will continue to support The
Cambridge Satchel Company’s growth across channels and
geographies.
“We had seriously strict deadlines. We needed a partner that
we could rely on, and we were not disappointed. Adyen went
above and beyond our expectations to provide a seamless omni-
channel solution, adding value throughout the process
and working with us to improve our end solution.”
Jonny Wooldridge, CTO, The Cambridge Satchel Company
“We are excited to be working together with Adyen who
will continue to support The Cambridge Satchel Company’s
international expansion. We are now discussing our options to
expand into new markets and we are confident that these
will be rolled out successfully with Adyen.”
Jonny Wooldridge, CTO, The Cambridge Satchel Company