5 Promising Benefits of Magento ERP Integration

February 03, 2021 Publish By : MAGENTO BIZZ

Are you spending too much time on your eCommerce business process and still not getting the desired efficiency? It’s time you must look to integrate your eCommerce store with Magento ERP integration. 

We know that eCommerce stores make life easy for users, but from a business point of view, managing an online store is not as easy as it sounds, especially when it does not have a Magento ERP integration. 

But first, let’s unbox what ERP is:

What is ERP?

Enterprise Resource Planning, aka the ERP software, is a bundle of different enterprise resource planning applications that focus on the various business areas, including finance, sales, human resources, marketing, and logistics. The modern ERP systems can be deployed in many ways, like a public or private cloud, on-premise, and various hybrid scenarios. 

But when does an eCommerce store need an ERP system?

If you are encountering one or more of the following situations, you need an ERP based Magento integration for your eCommerce store:

1. When you are spending too much time on your day-to-day business operations and tasks like closing books, managing data, and handling resources are stressful. 

2. Your business process is running far away from your control, and you have no static answer for problems like - handling inventory, assessing metrics and KPIs, segregating systems, and cost checking is a challenge.

3. When handling too much data and tons of data sets, every department operates information independently without syncing it, leading to multiple duplicate data entries.

4.  Last but not least, you are unable to scale up your Magento online eCommerce store. 

So, if you too are facing any of the above stressful challenges, it’s time you must get yourself involved with Magento ERP integration. 

Generally, many businesses overlook the need for integrating e-commerce with ERP, and the reasons could be many (high cost, less knowledge, no time, no skill). Still, the kind of benefits Magento 2 integration offers, the investment cost will only provide better ROIs and lead to enhanced customer experience. 

Further, you can better handle data like - shipping & tracking details, order management, and inventory management data. With a well-planned Magento 2 integration, you can automatically pass different departments’ data to your systems, thus saving your time from Excel data entry.  

So, let’s uncover one by one the benefits of Magento integration to an eCommerce store:

1. Dual benefits 

With having the real-time storefront data in ERP, you also get to manage the back-end data effectively. Yes, having a Magento integration offers dual services that indicate that your customers get a seamless experience. They can access data like live inventory, order status, and shipment tracking at the front end. And at the same time, your team can sync operations, sales, finance, and HR processes at the backend.   

2. Saves costs, resources, and time 

With ERP Magento 2 integration, you save costs from all fronts. As the payment and shipment information, online web orders, and customer data get sync in one place, the human dependency reduces, thus saving time and cost, leading to better efficiency. Not only this, but you also save the time of entering and re-entering data, hence reducing the chances of errors. 

3. Data-driven decisions

Through ERP, you can download multiple reports related to sales, inventory, and customer satisfaction. Further, you can also drive trial balance, balance sheet, cash flow, and P/L Statement via an ERP system.  These reports help in profoundly understanding your online business and also lead a way to make data-driven decisions.  

4. Stimulated productivity

As in ERP, interaction streamlines the different business departments’ varied work processes, thus reducing human resources dependency. Further, it also offers the scope of automating repetitive tasks, making the process more agile and systematic. Not only this but with an effective ERP Magento Integration, you can automatically transfer data across different applications. 

5. Consistency

When you integrate an ERP system into your Magento store, all your data stays in one place, thus, ensuring consistency across all data points. This leaves no room for confusion across different teams, and that’s why the chances of errors are farsighted. 

Apart from these significant benefits, integrating ERP with Magento also offers the following value-adding aspects:

  • Simplifies the price and product updates
  • Multiplies the option of adding various online & offline sales channels 
  • Offers better customer experience
  • Eases marketing activities, including eCommerce PPC management

The Parting Note:

Magento eCommerce stores can save a lot of time and maximize efficiency by integrating an ERP system. From automating order entry, effective eCommerce PPC management to tracking ID distribution, ERP integration has multiple benefits. Moreover, ERP integration has proven its worth by taxation management, which is considered one of the most complex workflows for an eCommerce store.

Magento ERP integration is a perfect blend for an eCommerce store looking to optimize its business process. It won't be wrong to say it is like one investment with multiple benefits.

Let us know what benefits you have gained from Magento ERP integration?

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