ERP for eCommerce: Benefits, Features & Best Integrations

All types of businesses use ERP platforms to manage their activities and processes. ERP eCommerce software solutions are designed to manage day-to-day operations such as accounting, procurement, inventory, or other similar processes.

Managers and businesspeople are increasingly looking at ERP eCommerce integration as the business world becomes more automated. How does this tie into your online business? Find out more about ERP eCommerce Integration and how it can help your business!

What is ERP System?

ERP is also known as Enterprise Resource Planning. It allows you to manage your business and do all of your daily tasks from one location. Your ERP can be used to manage inventory, risk management, and other business operations.

Shopify and Magento are becoming more popular platforms for businesses. GoMage can help you with Magento development.

An eCommerce ERP system does not differ from a regular ERP. It includes all the necessary features to manage an online business. You can also integrate it with other eCommerce tools. You can transform your business into a success and grow your business in the ever-changing internet environment. An ERP system can reduce your administrative and operational costs by approximately 22%.

Top ERP Modules & Features

Different ERP systems offer different features. It is important to choose the right ERP system for eCommerce. These are the features that will make your eCommerce business flourish and should be included in your eCommerce ERP.

Accounting

Finances are the foundation of any for-profit company. To keep track of your accounting processes, you need a solid financial management tool. You should already be using an accounting program and you can integrate it with the best eCommerce ERP software. You can keep your finger on the pulse of finances by keeping track of inventory, knowing when to order more, communicating with vendors and ensuring that your customers pay you on time.

Inventory

It is important to keep track of your inventory so that you can fulfill orders quickly. You can check your inventory in a brick-and-mortar store to see if you have a shortage and place an order for more. You don’t always see that you have enough of something when you shop online. You won’t be worried about running out of product or having to order more than you can actually sell with a top ERP system.

Shipping

Your online business’s success can be determined by the speed and quality of your shipping. An eCommerce ERP software will give you a complete overview of the shipping process in your company. Many companies outsource shipping, losing all control. ERP eCommerce integration can give you a better understanding of how shipping works. Understanding the shipping process will help you identify bottlenecks and fix them quickly.

CRM System

Your business’s relationship with customers is crucial. Brick and mortar stores offer foot traffic, tourists, as well as one-off customers. Online shoppers are less likely to make impulse purchases. Online shoppers are tech-savvy, and they will compare the options before making a final decision. It is important to focus on customer relations management.

Communication is another important aspect to remember. Communication is easy when you own a brick-and-mortar store. Customers can visit the store to return products, try on items, or just chat. An eCommerce business requires you to keep track all customer reviews, respond to emails and messages promptly, and prioritize clients’ needs. If the customer is unable to physically contact you, it might prove more difficult than you thought.

Best ERP Solutions For eCommerce

 

There are many top ERP platforms available online, but which one is best for eCommerce? To help you choose the best ERP for eCommerce, we have compiled a list.

NetSuite

NetSuite by Oracle is a top ERP provider at the moment. After creating an account, you have access to it from any web browser. You don’t need to download any apps. NetSuite provides everything you need for success in online business. NetSuite includes inventory management, accounting management and shipment tracking. It also has an effective CRM capability.

Key features:

• Cloud-based software
• Customizable dashboards
• Accessible from any device
• Sales forecasting

SAP

SAP is undoubtedly one of the most popular cloud ERPs to help grow businesses. This brand is a huge one that has been around for many decades, so you can be sure its products and services will last. It was not originally designed to be an eCommerce ERP. It is actually suitable for all kinds of businesses and different industries. SAP offers all the features you’d expect from a top ERP system in America, including financial management, CRM, product lifecycle management and more.

Key features:

• Analytics and reporting tools
• Controls and features that can be customized
• Forecasting tools

Acumatica

Acumatica is a small business ERP system that’s top-rated. Acumatica allows you to keep track of inventory, order and ship orders, communicate with customers and implement automation in your online business. The integrated eCommerce apps that integrate with Acumatica can be used if the above functions are insufficient.

Key features:

• CRM
• Document management
• Software for accounting
• Reporting tools

Odoo

Odoo offers a unique solution to integrated eCommerce. The platform offers a variety of apps that you can choose from. You can build your own ERP ecosystem by selecting the right applications for your eCommerce store. It’s easy to integrate Odoo into your Magento account! GoMage can provide additional assistance with Magento development. Because of its customizable feature, Odoo is an excellent ERP for eCommerce.

Key features:

• Fully customizable
• Interface that is user-friendly
• Email marketing tools
• Software for accounting

eCommerce ERP  Advantages

Productivity Increase

An ERP system should make your life easier. An eCommerce ERP system should not have 10 tabs open to track your business. Instead, it should provide one tab that contains all the information you require. Your productivity will skyrocket when everything is in one place. Instead of spending your time searching for information and putting it together you can concentrate on activities that bring in profit, such as customer service and marketing.

Consolidation

Multi-channel selling is one of the best ways for brand awareness and sales promotion. Multi-channel selling allows you to reach a larger audience online and can increase your sales significantly. This model has its drawbacks. It can be difficult to track all sales and make effective use of analytics. You can gain valuable insights into your business by consolidating data from all sales channels. You can create a plan for the future of your business with accurate statistics and analysis. Then, focus on the tools that will help you grow.

Visualization

It is important to be able visualize data when working with analytics and statistics. Without context, numbers and figures can be meaningless. You can motivate your employees and colleagues by presenting them in a visual format. This will help you to understand what is working and what isn’t. This allows you to clearly see your company’s problems and challenges and helps you come up with solutions. It can also be motivating to see your numbers grow before your eyes.

Time & Money Savings

This may seem counterintuitive, but the best eCommerce ERP system is a significant investment for some companies. The long-term returns that you get from the software are worth it. You will be able to save a lot of time by automating certain tasks in your business. This will allow you to spend more time on the important tasks that will lead to profits faster than you might think.

Improved Customer Service

Many eCommerce ERP software programs include a CRM system as an optional feature. A CRM system can help you get closer to your customers. You can use the data from analytics to communicate directly with customers. You can personalize your marketing to customers with all of the customer data you have at your disposal. This will allow you to increase sales and customer loyalty. You can notify customers when their packages are about to arrive using tools like shipment tracking. This will help you build trust between the brand and your customers.

Last words

No matter what your eCommerce business model is, whether you are selling products or services, an ERP software for eCommerce can help. The best solution will simplify your work by giving you a clear overview of all processes, analyzing and gathering important data, and keeping everything in one place. Do not hesitate to improve your business toolset by integrating ERP and eCommerce.

source https://www.gomage.com/blog/erp-for-ecommerce/