eCommerce & ERP Benefits.
There’s a range of benefits that ecommerce businesses can realize with the successful implementation of an ERP system. Because ecommerce businesses conduct operations quickly and at a high volume, a dedicated solution equipped with automation capabilities and tie-ins to financial information can have outsize benefits.
Sales Consolidation
One of the main benefits of ERP integration for companies that conduct ecommerce operations is the centralisation of sales information from different areas. YGL ERP4.0 functionality is a key aspect to consider when looking for a solution, especially if your company conducts sales in multiple locations (brick and mortar stores, online, catalogs, etc.)
It can be difficult to keep sales information organised, especially when it comes from several disparate platforms. That’s why ERPs consolidate the information to make insight development more efficient. After all, an automated system is made more accurate with the inclusion of all relevant data points.
Increased Productivity
YGL ERP4.0 software is known for its ability to increase operational productivity by connecting various workflows and automating the exchange of information. YGL ERP4.0 system can automate functions such as bank reconciliation and the sending of shipping notifications. By boosting productivity, businesses can conduct more operations in the same amount of time and increase output. YGL system also able to optimise workflows through automation capabilities, which can lead to less time wasted correcting human errors or spot-checking documents.
Revenue Generation
Every business is constantly looking for new methods to generate revenue. The ways in which ERP solutions can aid ecommerce businesses in gaining more profit vary from actual cash in hand to implicit revenue benefits related to increased productivity, automation, etc. Therefore, a successful ERP ecommerce integration can lead to revenue benefits that far outweigh the initial cost of implementation.
Improved Customer Relationships
YGL ERP4.0 systems include CRM functionality either out of the box or as an add-on module. With these capabilities, ecommerce companies can leverage a centralised repository of customer information, which enables your reps to more effectively tailor sales leads based on past sales, demographics, etc. YGL ERP4.0 programs also automate the process of tracking shipments and sending notifications when a product has reached its intended destination. By streamlining these processes, your company can create a more positive impression in a customer’s mind, leading to a greater customer retention rate.
Process Visibility and Management
Process and project visualization are incredibly important when looking at different ERP ecommerce options. Customisable dashboards that contain information related to finances, project status and labour allocation are often available in these systems. By making insights easier to see and putting them into an easy-to-understand graphical format, users can quickly identify bottlenecks and make company decisions to facilitate operations.
- Provide support to manage data of the existing customers, products, sales, accounts, inventory, shipping, etc.
- Better visibility of sales and demand reducing the inventory cost.
- Inform the customers about the whereabouts of their shipment
- Generate better customer, sales & account report.
- Streamlines the whole process of sales from website till delivery
- Reduces human involvement, redundancy & error from manual entry
- Improves the productivity of the whole team
- Automated tax compliance to meet the tax requirement
- Enables single portal product delivery tracking for customers.
- Last but not least, boosts the profit & revenue by allowing users to manage multiple online & offline channels of sales.