Why Magento ERP Solution is Vital for an eCommerce Business Success

We are witnessing the growing importance of eCommerce businesses today. More and more people prefer to buy products through online platforms, which has made brick and mortar stores less prominent. Following this, the eCommerce domain holds an extensive amount of data related to products and consumers. And, the need for an efficient system to manage and optimize business processes was never as critical as it is today.

Retailers must opt for seamless integration of their eCommerce website or application with a back end system like an ERP. It interconnects various departments of the business and improves data accuracy and visibility. Toward this, a Magento ERP solution can help companies to run a smooth web-based store, which enables them to provide an excellent shopping experience to customers and lower the operational costs.

Though, What is an ERP?

An ERP (Enterprise Resource Planning) is a system that covers various departments, including inventory, account, order fulfillment, and more. When you connect the ERP system with your digital store, you can collect the information from different departments, analyze the most useful data, and make informed decisions.

Benefits of Magento ERP for an Ecommerce Business

An ERP system helps improve the performance of your eCommerce store while lowering operational costs.

Let’s look at the top benefits of a Magento ERP integration.

Functionality Improvement: Customers can view the real-time information related to available products, order status, shipment details, and more on the storefront. It allows them having a smooth buyer journey. As your online store provides improved user experience, your business can attract and retain potential buyers.

Reduce Data Redundancy and Human Error: As mentioned earlier, an ERP software covers the information related to customers, inventory, online orders, payment & shipping data, and more. You can upload such details from the ERP to the eCommerce system in the supported formats. It eliminates the need of re-entering information at multiple places. Thus, it reduces human involvement, data redundancy, and possible errors that might occur at the time of entering data across platforms.

Reduce Inventory Cost: All the information related to orders, shipments, and more reflects in the ERP system directly. With the real-time updates of such web transactions, the inventory levels get updated also. It allows your staff to manage the purchase in a streamlined way, which eventually reduces the inventory management cost.

Optimize Data and Improve Process Visibility: A custom ERP dashboard displays real-time data related to finance, sales, purchase, users, and more. It collects torrents of information from various resources and mines the data to forecast user demands and market trends. It allows generating reports of cash flow, balance sheet, and more in the easy-to-understand graphical formats. As a result, you can quickly identify the bottlenecks and make informed decisions for your business.

Where can ERP be used?

From product planning to inventory control & management, and from HR operations to marketing strategies, you can use ERP systems to improve the overall productivity of your eCommerce business.

Retail Systems

Merchants can benefit from ERP to maximize the revenue of their retail businesses. The real-time updates about the product stock, user demand, market trends, and more help to run the web store smoothly. A few examples of such efficient ERP systems include Microsoft Dynamics ERP, Epicor, and NetSuite.

Ecommerce Integrations

The seamless integration of Magento eCommerce with an ERP system removes the need for entering the data manually. Besides, it improves inventory synchronization and eliminates data duplication. Apart from it, a platform like Magento offers plenty of features that suits every eCommerce business's needs.

Top Packages for a Magento ERP Solution

SAP: SAP on-premise ERP software is available in over 35 languages. It supports many small to medium businesses as well as large enterprises across the world today. Merchants can reap its benefits for their real-time business situations and that too in their native language.

Epicor: Epicor has a robust analytics system. The integration of Epicor and Magento helps to get real-time updates about the inventory level, product availability, price changes, and other aspects of an order fulfillment process. As a result, merchants can run their eCommerce stores smoothly and increase business revenue in a quick time.

NetSuite: It is a cloud-based ERP solution. When you implement the NetSuite ERP system in your Magento store, you get a more insightful, faster reporting mechanism. It enables you to manage the product data, customer information, and shipment details efficiently, and make well-informed decisions.

Conclusion

A Magento ERP solution helps to build a centralized eCommerce system that focuses on operational usability. It enables you to streamline business workflows, reduce human involvement in performing mundane tasks, ensure real-time information availability, and have a scope of expanding the system in the future.

While not all the Magento ERP systems suit your business needs, a reliable technology partner can help you to identify and develop the right solution. Find the right partner, a best-fit technology, and a correct way to maximize your eCommerce business growth.

Hi, I am Dorothy and I write technology related articles