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From Typing Errors to Failed Deliveries: The Power of Real-Time Address Verification with Loqate

Failed deliveries are more than just an inconvenience; they’re a revenue drain and a reputational risk for businesses. The culprit? Inaccurate address data. Typing errors, incomplete addresses, or outdated records can wreak havoc on operations, leading to increased costs, unhappy customers, and lost opportunities. 

That’s where Loqate’s real-time address verification comes in. By validating, correcting, and enriching address data at the point of entry, Loqate ensures businesses operate with the highest levels of accuracy and efficiency. From retail to fintech, companies around the globe rely on Loqate to transform data errors into opportunities for seamless, reliable operations.

The Hidden Costs of Inaccurate Address Data

Before diving into the solution, let’s understand the scope of the problem:

    • Operational Inefficiencies: Failed deliveries result in restocking, re-shipping, and customer service costs.
    • Customer Dissatisfaction: Late or missed deliveries damage brand reputation and erode trust.
    • Revenue Loss: Businesses lose out on sales when customers abandon carts due to a poor checkout experience or delayed shipments.
    • Compliance Risks: In industries like fintech, incorrect address data can lead to regulatory non-compliance and increased fraud exposure.

Without accurate address data, businesses can’t effectively meet customer expectations or operational demands.

How Loqate’s Real-Time Address Verification Works

Loqate’s address verification solution is a powerful, AI-driven tool that ensures precision and reliability in real-time. Here’s how it helps:

    1. Real-Time Validation: Instantly verifies addresses as customers type, reducing errors at the point of entry.
    2. Global Coverage: Covers 250+ countries and territories, ensuring accuracy regardless of location.
    3. Sub-Premise Level Precision: Handles even the most granular address details, ensuring every delivery lands in the right place.
    4. AI-Powered Autocorrection: Detects and corrects typos, incomplete fields, and formatting inconsistencies instantly.
    5. Easy Integration: Plug-and-play APIs ensure minimal effort to integrate with existing systems.

With Loqate, businesses not only reduce errors but also create frictionless customer experiences that build loyalty.

Key Benefits for Businesses

Retail:

    • Improve delivery rates by up to 20% with accurate address data.
    • Reduce cart abandonment with seamless, type-ahead address suggestions during checkout.
    • Minimize returns and re-shipments due to failed deliveries, saving operational costs.

Fintech: 

    • Enhance KYC (Know Your Customer) processes by validating addresses during onboarding.
    • Mitigate fraud risks with precise address verification.
    • Ensure compliance with global regulations like GDPR and AML standards.

Logistics:

    • Optimize delivery routes with geocoded address data.
    • Streamline last-mile logistics, reducing delays and costs.
    • Solve cross-border shipping challenges with standardized global address formats.

Real-World Proof Points

How Huel cut failed deliveries by 99% with Loqate: Huel struggled with a 10% failed delivery rate due to incomplete or incorrect addresses entered on their Shopify Plus checkout which was putting pressure on customer service teams and impacting their bottom line.

Scentsy Saves 85% in carrier fees and enhances global operations with Loqate: Before Loqate, Scentsy struggled with substantial number of undeliverable parcels, costly corrections, and logistical disruptions.

How DIY tool maker Cricut reduces customer address entry errors by 82% with Loqate: Cricut looked to Loqate to Improve the quality of address data entering internal systems to reduce time spent manually verifying address data.

Why Real-Time Matters

In today’s fast-paced business environment, speed and accuracy are paramount. Real-time address verification doesn’t just prevent errors — it proactively solves them before they impact your operations or customers. For businesses scaling globally or managing high transaction volumes, this capability is a game-changer.

From reducing failed deliveries to enhancing customer experiences, Loqate’s real-time address verification empowers businesses to operate with precision and confidence. Accurate data isn’t just about efficiency — it’s about building trust, improving revenue, and staying competitive in a data-driven world.