Top eCommerce ERP for Online Stores
ERP eCommerce features are revolutionizing the way online stores conduct businesses. Integrating an ERP system into your store helps improve customer retention, productivity and boost sales revenue. Today, we have different ERP software that eCommerce merchants are using in their day-to-day business. Top ERP features eCommerce stores need ERP vendors provide different features for eCommerce stores. With the increasing number of eCommerce ERP software, finding the best system can be daunting. As long as you understand the essentials of your business, you can go a long way in making a decision. Here are a few options to be considered when it comes to ERP eCommerce software. CRM Customer relationship management is an integral aspect of any business. A CRM software would help nurture your leads and turn them into loyal customers. It’s also important to preserve a high rate of customer retention as it costs five times to get and retain a new customer compared to maintaining your previous customers. Let’s compare two online stores. Do you feel safe purchasing from a retailer that fails to provide accurate shipping information? Most likely no. You never want your package to get lost somewhere across the country. Then with an automated CRM, merchants can get access to customer information within a few clicks, resulting in higher quality customer service. Finance Your software solution will operate in a vacuum if you don’t have real-time data. This is why financial management and accounting tools are important features of ERPs. Financial data is paramount to centralizing processing and developing an efficient forecasting model to allow you to plan, reorder, and anticipate delivery. Additionally, you can use financial data to decide which vendors to work with and follow. If your eCommerce business doesn’t have the best ERP software, it is time to consider integrating it into your website. Shipping/Distribution Several eCommerce stores participate in dropshipping – a process where products sold by a company are transferred by a third-party delivery service to the end customers. It allows businesses to offer numerous items without owning a big storage facility. Furthermore, it helps reduce the cost of acquiring a large warehouse to store these items. Product management Another important feature of an ERP eCommerce platform is product management. It is an essential feature that separates it from the brick-and-mortar retail store. The main reason is that it allows merchants to know the real-time number of products available in your store. Therefore, it takes away mistakes caused by the high volume supply, especially during the holiday season. Top eCommerce ERP When it comes to choosing the best eCommerce ERP software for your business, you can never run out of options. There are several reliable ERP software with overwhelming features to choose from for your business. Here are a few we consider efficient in delivering quality results. Fishbowl Fishbowl offers its own ERP system, which combines advanced inventory management software with other solutions for your eCommerce store. It offers features such as wholesale distribution, point of sale equipment, shipping solutions, and a complete accounting package. Acumatica It is a flexible ERP system; it uses a modular process to enable business owners to add new features. Its features include packaging, shipping, customer management, and inventory management. Furthermore, it has six cloud-based solutions for you to choose from depending on your need.
eCommerce ERP Integration and Its Benefits
Today witness a steady rise of eCommerce ERP functionality. Integrating an ERP software into your company’s eCommerce platform can help retain customers, increase productivity, and boost your store’s revenue. This capability is available through different add-ons and modules. In this write-up, you will understand the important role an ERP system plays in your eCommerce store. ECommerce is a modernized way of advertising and selling different products at a time. However, keeping track of your numerous products can be a tedious issue for eCommerce platform owners. Nevertheless, with the integration of an enterprise resource planning system, it is easier than ever to automate the online business process. What is eCommerce ERP? eCommerce ERP is the integration of an enterprise resource planning system with an eCommerce platform to bring together every aspect of the operation. It involves tools that integrate functions such as customer service, HR, logistics, marketing, and customer service with the intention of making every process more efficient. ERP automates an eCommerce platform by taking orders, delivering reports, gathering and storing information. Benefits of eCommerce ERP There are several benefits that eCommerce ERP offers for businesses. Since online merchants always need to conduct operations quickly under a high volume, using a dedicated automation solution can help provide additional benefits. Increased Productivity An enterprise resource planning system accelerates your operational productivity by linking various workflows and automating information exchange. Nowadays, we have ERP programs that allow you to automate functions such as sending shipping notifications and bank reconciliation. Increased productivity means more customers, which drives better financial results. Furthermore, this software eradicates human errors caused by tiredness and less time wastage. Reduce operation and inventory cost Integration of ERP software with e-commerce reduces the time and resources needed for inventory management. It also eliminates duplicate data entry and generates faster order fulfillment. The automation process makes it easier to cut down operational costs during all processes. Sales consolidation More than 38% of shopping is done online, and the numbers are likely to grow due to technology advancements. It is hard to keep track of all sales information and get them on the right place, especially while working on several different platforms. However, ERP enables consolidation of information to make development more insightful. Get started with ERP Technology like artificial intelligence (AI), blockchain, augmented reality (AR) and the Internet of Things (IoT) are all grounded in ERP. A good enterprise resource planning system helps you work more effectively now and capitalize on future opportunities. The rise of ERP will encourage more businesses to digitize their workflow and pave the way for more optimal automation platforms. Altogether, these technologies enable businesses to better perform their functions, elevate their operations to a new standard, and outperform their rivals.
