Our change log tracking for Thirdwatch: Reduce RTO with AI has recorded all the changes in its app listing on the Shopify App Store.
Read MoreThirdwatch: Reduce RTO with AI
Identify incorrect addresses & fraud orders and reduce RTO
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Description
Thirdwatch is an AI-powered offering that enables ecommerce online sellers to successfully deliver more orders and reduce Return-To-Origin (RTO) losses. Thirdwatch also enables Shopify store owners to successfully detect fraud orders thus reducing fraud losses.
#### How does Thirdwatch help boost revenue?
1. Detect incomplete addresses, speak to your customers and update the address before shipping the orders. This will help you in delivering more orders successfully.
2. Identify orders which have a high probability of RTO. With every RTO order, you incur forward and return logistics cost along with blocked inventory costs. You can now take an informed decision on whether or not to cancel such orders thus reducing your RTO losses.
3. Detect fraudulent orders so that you can cancel them before shipping thus saving money.
#### How does Thirdwatch work?
Once the App is installed, the AI powered solution captures 200+ parameters from the store and leverages various machine learning and graph search algorithms to flag an order with a high risk of RTO. Thirdwatch also provides risk reasons like Incorrect address, historically high RTO %, incorrect email ID/mobile number, impulse purchase patterns etc with every flagged order. This enables you to either cancel or take corrective actions so that orders are successfully delivered.
Some of the parametres that Thirdwatch captures from the store and works on are shipping Address Profile, Device Fingerprint, IP Address, Buyer's history and navigation behaviour etc
#### The power of the Thirdwatch Dashboard
* Review red flagged orders in detail along with the risk reasons and then approve or reject the order.
* Add more rules that suits your business such as flagging orders from first time customers or Cash on delivery above a certain amount etc.
* With dashboard analytics, get insights into your business’s shipping patterns, fraud patterns, RTO patterns etc so that you know how you are reducing costs and where you can save more
#### Introducing Order Confirmations
With Thirdwatch you can also send automated messages via WhatsApp/SMS to the buyers of the red flagged orders to get an additional layer of confirmation before you can approve the orders and ship them. You can also convert Cash on Delivery orders into prepaid orders by sending your customers payment links on Thirdwatch. This will additionally help you in increasing your prepaid orders thus reducing the probability of RTO. What’s more, you can directly give discounts to your users via payment links to incentivize them to make the payment upfront.
#### Simple Installation
You can go live in less than 2 minutes!
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