According to the sources, E-Commerce sales are expected to exceed $740 billion by 2023.
So, it is high time for E-Commerce store owners to play a significant role in handling E-Commerce and other online enterprises more strategically and arranging them with greater accuracy.
Everything should be defined and noted clearly, whether to keep track of finances, accounting, risk management, or handling data management in the manufacturing and distributing process.
So to organize everything, an E-Commerce store must have its high hand on
- A perfectly working E-Commerce Website,
- A seamlessly interacting Cloud ERP solution.
An E-Commerce website, on the one hand, engages the customers. In contrast, an ERP solution, on the other hand, manages omni-channel orders, inventory, picking-packing-shipping, returns, customer support, accounting, and more.
A perfect ERP will help you future-proof your E-Commerce business by supporting complex pricing and reducing human error in processing. Besides, it also assists you in reacting quickly to modifications, simplifying your system, and keeping your store secure in this fast-paced digital era.
In this article, I will discuss the best ERP systems for your E-Commerce store that will enhance the overall results in your organization.
Let’s dive right in..!!
#1 Price Management
A perfect ERP helps you to tailor your response to the customers. Like product information management, one can control the product pricing in an ERP system with price management.
#2 Better online interactions
The increased level of consumer engagement results in a better online experience for your customers. The ERP solution, for example, may manage your online presence by letting customers know when the manufacturing process begins, when the product is boxed up, and when the item is delivered out.
#3 Access to important information
When it comes to access, ERP helps you to get real-time access to crucial data collected from the E-Commerce site where the information is placed when customers interact with your E-store. This information is utilized to develop actionable reports and forecasts for different strategies.
#4 Transparency of the process.
Transparency in every process improves the process itself. With the ERP system, you can develop reports showing how well your business, sales, returns, and inventory are performing. You can track the overall work and evaluate your company’s profitability.
#5 Enhanced Productivity
The usage of ERP in the organization by every employee enhances productivity. Automating responsibilities like tracking inventory deductions during fulfillment or creating an automated process for a purchase order request further boosts productivity and ultimately shows better results.
6 Best ERP Solutions for E-Commerce Business
Get the list of best ERP Solution for Your E-Commerce business –
When it comes to strategic ERP solutions for E-Commerce, Microsoft will lead the game that fits businesses of all sizes. Microsoft ERP software is built on the Microsoft Dynamics 365 Platform and comprises six different products. Microsoft AX, SL, CRM, NAV, GP, and RMS.
For those distributors or manufacturers working in the E-Commerce sector seeking functional support, Microsoft ERP provides them with Microsoft Dynamics and makes their working smoother.
Microsoft AX provides financial management and operations for both large and medium-sized businesses. Together with this, it also comes with amazing solutions for supply chain management, financial controlling, production planning, purchasing, sales, and marketing that help in the long run to make the whole process easier to manage.
It also includes other solutions for purchasing, supply chain management, production planning and control, financial controlling, mobility and service, sales, and marketing to make the complete process easier to handle.
For small and medium-sized businesses, Sage works like wonders. It provides cutting-edge technology for easy automation of all backend services required for E-Commerce and internet businesses. And this allows the business owners to focus on improving their business strategy instead of other areas.
Suppose you are new in the market or have introduced a startup in the online world. In that case, Sage will help you expand your business quickly and easily with its three different products ideal for varied reasons and solution-based marketing.
Sage also incorporates customer relationship management, business intelligence, and human resources tracking and completion.
It comes with an X3 ERP software system for mid-sized and small businesses new to the market. With web-based software like X3, each service can be processed quickly and easily on mobile devices. The Sage is easily customizable based on the user’s function and preferences, allowing them to enable additional growth in a simple and orderly manner.
If you are into the E-Commerce business, I am sure you would have heard about Magento. Magento is one of the most popular free and open-source ERP systems.
To effectively set up an E-Commerce or online store platform, Magento helps you work with all the essential tools needed to make the whole process smoother.
With the help of this E-Commerce ERP, customers can establish categories and landing pages. Besides, it also assists the users in easy and appropriate processing of shipment and order approval, along with the continuous generation of sales and website growth reports.
If you have Magento, then you can assume that the functionality of your online store is going to increase because Magento provides the power of plugins to your store. There are no specific skills required to handle this. The company’s growth is enhanced by the continual stock update and improved visibility through the external plugins.
#4: Oracle Netsuite
Oracle Netsuite is also one of the well-managed ERP solutions for E-Commerce in 2022. It is popular for its dependable functionality and long-term value, allowing E-Commerce store owners to work in a more precise manner and smooth operations of their enterprises.
With the automated processes in functional areas, which are the most important field for online business, E-Commerce store owners can swiftly manage their Revenue, finance, order and inventory, billing, and CRM.
I admire its Finance Management solution, which helps online businesses finance and accounting, revenue recognition, planning reporting, worldwide accounting, billing, risk, and compliance.
Brightpearl is specially designed for small-scale E-Commerce merchants. It comes with a multichannel sales strategy that helps E-Commerce store owners to skyrocket their sales. It is a cloud-based ERP web application that effortlessly interfaces with E-Commerce platforms and systems.
If you are facing difficulties with CRM, inventory, and order management systems, stick to Brightpearl, it lets you cut all the corners. Besides, It gathers, stores, and backs up data from all of the organization’s physical locations. Later on, this data is then utilized to make key business decisions, such as matching a company’s marketing efforts to its customers’ buying habits. It saves your money and enhances the business by increasing its market reach.
If you are looking for true and tested software for your online store, stick with Brightpearl. It is supported by some of the world’s most well-known E-Commerce platforms, like Shopify, Big Commerce, and Amazon.
SAP is also one of the most trusted ERP solutions for E-Commerce stores. It is developed by the German company SAP SE. It is incredibly effective in offering E-Commerce solutions, so if you are new to the market, you can initiate your E-Store journey with this.
SAP always thrives on the role that retail digitization continues to play in the E-Commerce industry’s growth. This allows E-Commerce stores to classify customer behaviors intelligently, discover trends, and streamline processes, allowing them to grow and scale more easily and effectively.
It smoothly maintains the data on transaction levels, procures customer details, delivery tracking, vendor details, and gives information about the inventory levels. These things enhance the visibility of the inventory in the store and fasten the process by providing continuous data.
Another compelling characteristic of SAP is that everything is housed on a single platform, making navigation and data access simple and manageable. Its powerful visualization platform comes in handy, especially when creating self-explanatory reports.
E-Commerce platforms nowadays use ERP software due to their efficient and effective services.
A perfect ERP solution for your E-Commerce store helps you control the backend system, which ultimately lowers the costs you might bear for getting individual services and lets you develop a profitable strategy for your online store.
So, if you are also thinking of opening your online store, choose any of the above-listed ERP software and save your future.