Unlock the Power of ERP to enhance your E- commerce
Fast businesses need faster solution. Solution which not only eases the complexity of business, but also provides mobility. Explore the power of ERP to enhance business that’s not just fast but vivid that is e-commerce. Detail in the blog.
ERP integrated e-commerce is the most popular e-commerce solution for organizations looking to manage businesses more efficiently. With digital revolution, the customers have more choices, more windows to buy.
In such a situation, to get more market share, organizations must fulfil the orders as soon as possible. This is possible only when they have a clear view of inventory, a managed system to handle all orders, shipping, and payment. An ERP ecommerce integration provides you all.
In this blog, we will discuss everything in detail, but before that a glimpse of what you will read here.
Type of ERP:
ERP can be classified based on integration and deployment. Based on integration, an ERP can be categorized in three types:
Generalist ERP-
Standard systems used to automate financial management or procurement process in an organization.
Modular ERP-
ERPs which use various components on need basis, where in each module can be independently implemented and operated as per the business functions.
ERP suite -
It combines multiple modules into a single, integrated package, covering all elements of the business.
Based on deployment, ERP can be categorized in three types:
On-premises:
This is a traditional ERP software, where the database resides on an onsite server and hardware.?IT staff of the organization which has got it implemented are responsible for its maintenance.
Cloud:
With business moving very fast, this is a new trend. It is provided as a service. It is hosted on vendor’s servers. ?
In this case, the software and its data are managed centrally at a remote data centre (internet “cloud”) by the ERP vendor and accessed by customers through a Web browser.
Hybrid:
It is a mix of the two ERP – on-premises & cloud. It provides flexibility of using cloud and retaining its on-site ERP resources.
What is an eCommerce Integration?
ECommerce integration is the process of connecting your ecommerce platform to the ERP you have.
The process is so performed that there is a real-time synchronization between the two systems. The integration is aimed towards improving accuracy and minimizing silos in the process.
How Can ERP Integrated with eCommerce enhance your business:
Ecommerce business is very fast, timeless, and location irrelevant. This fast business process needs a faster and smarter integration with system which can handle huge volume of data, can record data of consumers choice, book the purchase, and send the same purchase order to the concerned department for initializing delivery. Based on cash-on-delivery, easy instalment, pre-paid mode, the complexity just adds up.
Here comes the importance of a seamless integration of ERP with the e-commerce platform. With this integration, businesses can optimize the resources, speedup the processes and maintain a real-time database of both – inventory and orders.
There are many ways by which an ERP integrated with ecommerce can enhance the e-commerce business, some of which are:
Consolidation of departments: An ERP integration for ecommerce can consolidate and unite various business functions such as sales orders, customer data, inventory, delivery, order to supplier, order tracking etc.
This consolidation helps you to keep a bird-eye-view over each process.
Automation - With all the departments consolidated, various processes are automated.?
Automatic data feeding of sales order, purchase orders, inventory etc makes it error-free and consumes less time. Moreover, it will be updated real-time, leaving no room for confusion and chaos.
Cost control – Having an integrated ERP system with ecommerce will save cost. An ERP can offer your near instant shipping comparison, allowing you to pick the most affordable one.
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Alongside, you can batch your orders together to improve efficiency and save cost.
Correct financial perspective – The ERP can be a bridge, connecting e-commerce platform and finances.
With the help of this integration, you can pull out right financial reports, plan your procurement, manage returns, make strategies for future and gauge trends, and needs of the customer.
The integration will provide macro as well as micro perspective over your financial and transactional status, based on your selected parameter. It can provide you updated balance-sheets, cash-flow status, profits / loss on real-time basis.
The right ERP solution enables you to apply applicable tax automatically.?This will help you to give a better financial report.
Beter customer experience – To be at the top of customer’s mind, you must deliver the product as soon as possible.
Along with this your shipping partners must have information of delivery, which is possible only with the integrated system, as the complete network is integrated and updated on real-time basis.?
The integrated system empowers you to see into the inventory and beyond giving you in-depth visibility.
Less manpower and more upselling -??The integration can automatically take customer shipping detail and turn that into labels. This reduces human made errors in entering shipping address and other important details. Also, this requires less manpower to involve.
The CRM system of your ERP can show the historical data of your customer’s choice, preference. You can show the related products and deals to the customers for upselling.
Abide by the compliance – An ERP can help your ecommerce business to abide by the compliance laws. It helps organizations to follow regional, national, and international?regulatory mandates.
Especially in food, pharmaceutical, chemical, paint industries compliance like FDA, cGMP, audit traceability and many more are followed automatically by using an ERP.
More business growth - An integrated ERP system will provide you better insights of business. Based on the reports and analysis, you can make better business decision and improve?business growth.
With expansion multi-channel wise or vertical wise, the integration can be a one stop solution for managing all departments and channels.
FAQS:
How can I ensure a successful e-commerce and ERP integration?
Here are some tips to make sure that ecommerce and ERP integration is successful:
Can ecommerce and ERP integration be customized for unique business needs?
Yes. It can be customized.
What data can be synchronized between e-commerce and ERP systems?
Data typically synchronized includes product information, inventory levels, sales orders, shipping details, pricing, customer data,?and payment information.
There are some integrations which can also involve syncing tax information and tracking numbers.
Which ecommerce platform can be integrated?
Almost all the popular ecommerce platforms like Shopify, WooCommerce, Amazon, Flipkart, etc, and even your customized/homegrown solutions can be integrated with an ERP.
Final Thought:
Businesses today need fast, reliable, and new age ERP software which not only integrate with e-commerce platforms but also provide a seamless integration with their financial systems.
BatchMaster ERP is such an ERP which brings along all the benefits of ERP integration with e-commerce. It also provides a smooth integration with Sage, Tally, Microsoft Dynamics 365 Business Central, QuickBooks etc.
The software is available on cloud, on-premises, or hybrid type, giving you options to choose the best suited one for your business.
To make your e-commerce business flourish more, and expand more, join hands with the latest, join hands with the experts, join hands with BatchMaster ERP for ecommerce. To explore innumerable advantages this integration can bring for your business, please don’t think for a minute, click here right now.
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