This blog is about the best ERP for eCommerce businesses. But before that, let’s familiarize ourselves with what ERP actually is. ERP is a powerful corporate technology solution designed for manufacturing and distribution firms. It is also required for finance, accounting, risk management, and other business functions across industries. ERP is becoming more vital than ever to online businesses and sellers. Online competition is fierce, and to stand out, businesses must unify their multiple processes, regardless of department or vertical.
When you fully utilize an ERP and link it with your eCommerce platform, you may eliminate information and process silos, resulting in a unified data hub. You’ll find that everything is more organized, and your entire order process will become more efficient, with increased company reach and streamlined, future-ready operations.
Top 6 ERP Solutions for eCommerce
Here are some of the best ERP for eCommerce businesses explicitly designed for eCommerce wholesalers. These ERP solutions can seamlessly connect to your systems, optimizing your organization’s workflows.
Sage X3
One of the best ERP for eCommerce business is Sage X3. Sage X3 is an excellent cloud-based ERP software for manufacturing, wholesale distribution, and service operations. It also provides on-premise ERP solutions to manage fundamental business functions such as inventories, sales, customer support, and finances.
Sage X3 provides production, supply chain, and financial management solutions that promote collaboration, efficiency, flexibility, and valuable insights into corporate processes. It improves the workplace by providing individualized access to pertinent data, allowing the sales, marketing, and customer support teams to operate more accurately. It facilitates cash flow management, procurement, and business purchases.
Sage X3 also aids in financial management through general ledger, cost accounting, and budgeting. It enables faster and simpler workspaces at a lower cost.
SAP
Who doesn’t know SAP – a leading and best ERP for eCommerce? SAP offers enterprises S/4HANA next-generation ERP software with comprehensive capabilities across various industries, including manufacturing, services, retail, wholesale distribution, and more. S/4HANA provides customer relationship management, finance, human capital, and product lifecycle management applications. Its retail solutions include SAP Intelligent Returns Management, SAP S/4HANA Retail for merchandise management, and SAP Commerce Cloud.
The SAP company Suite’s ERP system, ECC, is the foundation of a wider group of modules that handle more common company processes such as supply chain management (SCM) and product lifecycle management (PLM).
The Business Suite has been extensively redesigned to work with SAP HANA’s in-memory database technology. SAP promises that S/4HANA will simplify and ultimately replace SAP ECC. It combines the advantages of HANA’s in-memory processing and real-time data access with a subscription-based SaaS approach.
SAP Business ByDesign, which was originally designed for small and medium-sized businesses, is a SaaS ERP solution that today serves the SAP product line’s midmarket segment.
Acumatica
Acumatica offers cloud and browser-based business management software for small and medium-sized organizations. With its retail and e-commerce capabilities, businesses may use an omnichannel solution to manage inventory levels, retain consumers, automate business processes, manage orders, connect storefront and back offices, and remain adaptable. The company also has an extensive network of global partners and additional applications that consumers can include in Acumatica’s products to increase their capabilities.
Acumatica ERP integration tools have an intuitive user interface that allows them to integrate with current systems and boost efficiencies simply. It facilitates cooperation with modern and cross-module processes while also providing access across all cloud-powered devices. Acumatica offers an off-the-shelf solution with a variety of customization options to address industry-specific needs across enterprises. All these factors contribute to Acumatica being among the best ERP for eCommerce.
Intact
Intact Software is recognized for its adaptable Intact iQ ERP solution for small and medium-sized organizations. Intact’s iQ ERP software offers e-commerce businesses an end-to-end retail solution with inventory management, CRM, business analytics, order processing, financials, EPOS, and other e-commerce features. The ERP solution’s cloud features allow it to be used on different mobile devices and incorporate an email platform and SMS messaging functionality.
Dynamics 365
Dynamics 365 – another best ERP for eCommerce – combining complete enterprise resource planning features with familiar Office 365 programs in a single cloud-based service. If you own a small or medium-sized business, it can assist you in managing your finances. If your company grows more extensive, you can better manage your operations and boost your pace of conducting business. The platform’s retail and e-commerce technologies can assist firms with their goods, post-purchase, fulfillment, and retail management needs. Dynamics 365 also provides users with insights to help them make data-driven decisions that improve business performance.
NetSuite
Netsuite – dominating the list of best ERP for eCommerce business – is a global provider of cloud-based services to firms in over 20 industries that need assistance expanding, scaling, and responding to changes in their industry of choice. The solution is web-based and works with a variety of Internet browsers. Its retail-specific solution suite comprises financial administration, accounting, order management, an in-store point-of-sale (POS) system, CRM, inventory management, e-commerce experience management, and a consolidated customer, order, and inventory data source.
Accounting software enhances AR, automates AP, simplifies tax administration, and provides organizations with a comprehensive view of cash flows and financial health. Automated inventory management keeps inventory costs low while meeting client delivery objectives by providing sophisticated tools for managing replenishment, finding reorder points, tracking inventory across several locations, and maximizing safety stock.
Advanced capabilities such as wave management, carton packaging, cycle count planning, real-time inventory updates, and shipping system connections help to streamline warehouse operations by directing putaway and pickup duties via RF devices.
Benefits of Choosing the Best ERP for eCommerce Business
Omnichannel Capability
One of the primary benefits of ERP integration for online firms is the consolidation of sales data from many geographies. Omnichannel capability is a key consideration when looking for a solution, especially if your company conducts sales in many locations.
Organizing sales data, especially when it comes from multiple platforms, can be difficult. ERPs aggregate data to accelerate insight generation. Incorporating all relevant data points improves the accuracy of an automated system.
Operational Productivity
The ability of ERP software to increase operational productivity by combining various activities and automating data exchange is widely known. Some ERP software can also automate tasks such as bank reconciliation and shipment notice sending.
By increasing productivity, businesses can do more activities in the same amount of time and generate more work. Furthermore, automation solutions can improve procedure efficiency by saving time on document spot checks and human error repair.
Revenue Generation
Every organization is constantly seeking new methods to generate revenue. ERP solutions can help eCommerce businesses make more money in various ways, including explicit cash-in-hand benefits and implicit revenue advantages through increased efficiencies, automation, and so on.
According to Nucleus Research, every dollar invested in an ERP system yields an average return of $7.23. A solid ERP eCommerce connection may result in revenue increases that far outweigh the initial setup expenditures.
Customer Relationship
CRM functionality is a frequent element in ERP systems, whether built-in or as an add-on module. These features enable e-commerce enterprises to access a consolidated client data database, allowing your salespeople to tailor sales leads based on sales history, demographics, and so on.
Some ERP software automates the process of tracking shipments and notifying users when cargo arrives at its destination. Optimizing these activities can help your company make a better first impression on customers, increasing your client retention percentage.
Conclusion
Choosing the best ERP for eCommerce businesses is quite a challenge. A strong ERP system may be the foundation of your eCommerce business, streamlining processes, increasing productivity, and providing vital insights to help you make data-driven decisions. Never settle for less than the best!
Folio3 is a leading NetSuite implementation partner with a track record of helping organizations achieve outstanding results. If you want to maximize the chances of success of your company’s NetSuite implementation, consider bringing us on board to support your in-house team. Be confident because we have the expertise and experience for NetSuite integration with many clients.
You can contact us and check out our resources at Folio3.
