The word e-commerce or electronic commerce means trading of products or services with the help of electronic medic like the internet. Basically, E-commerce uses the WWW World Wide Web) domain to maintain its transaction life cycle. Plus, it also gives access to varieties of technologies like mobile devices, social media, e-mails, and telephones.
E-commerce websites can be done with various technologies such as Electronic transfer of funds, internet marketing, mobile commencing, EDI, managing systems for inventories, and automated collection of data. But generally, the main components of the e-commerce websites like financing and payments aspects and exchange of data are considered.
Ecommerce is one of the most effective and efficient processes to continue a business and to communicate with other organizations or customers. For this physical presence location for any business is not mandatory. Like the traditional business, you don’t need to hire a person to manage all of your transaction records. It will be done automatically by the website or the applications that you can develop according to the requirements of your business. Moreover, you will be able to expand the business over various countries, without leasing any physical location in that country.
To more about E-commerce and its solutions and integrating the solutions with other business ideas, please continue the blog.
What is an E-commerce Platform?
E-commerce platforms are website or applications which helps a business to manage their sales, marketing and transaction operations. There are powerful e-commerce website development platforms present in the market. That helps to develop powerful e-commerce websites with common business tools. So that the business can centralize its operation and independently run it on its terms.
The E-commerce platform has a huge impact on the success, stability, and scalability of the business. It doesn’t matter you are building a business from the scratch or you are selling homemade products or expanding any established business. You need enterprise level-solutions that can be provided by an E-commerce platform.
What are the E-commerce solutions present in the market?
The e-commerce solutions can be divided into 3 major divisions depending on the requirements of your business, such as
This type of e-commerce platform solution is best for IT organizations or business owners who want full control of their business environments. This is because here the platform can alter all the aspects of the codes used to develop the website.
In the case of open-source solutions, the hosting of the server can be done through cloud or on-premise. As the software needs manual installations throughout every node present on the board.
For some of the organization choosing the open-source solution can be difficult. As it needs more technical knowledge and expensive to implement and maintain which be a burden in some business. The organizations usually opt for the cloud hosting part of the open-source solutions the on-premise part. Because owing the on-premise part can cost 6 times more than any other solution present in the market.
Here are some of the factors that your brand will be responsible for if you choose open-source solutions,
- Manual patching and updating the website with the help of the platform provider.
- Any kind of security issues that can affect the user or organization's data.
- Integration of additional applications like ESP, ERP, CMS, and CRM.
- Developing new tools and features on-site needs promotion engines and drag and drop developers.
Using this platform solution can slow down your business process, which may give a better edge to your competitors. And the results will be not good in this competitive market.
SaaS (Software as a service)
SaaS (Software as a service) solutions help website development companies to run their online business with much less complexity. Instead of developing each and every feature like open-source solutions. You can just rent the platform and the features present in it. By choosing this solution, you will be able to deploy your website or applications faster in an effective and affordable way.
Moreover, aspects like hosting, PCI compliances, updates and security, and even management of your software. All of these will be handled by the SaaS service provider.
Also, the marketing of your e-commerce brands will be handled by the experts of the SaaS organizations. The only drawbacks of these solutions are less flexibility and customization options. They're also the APIs present in the platforms that solve this issue to some extent along with non-proprietary coding during the UX development process. The SaaS solutions follow all the above-mentioned criteria it is also known as open SaaS.
It is a part of SaaS solutions where the shopping cart is separated from the Content Management System. For high-end brands, this solution uses DXP (Design Experience Platform) like Bloomreach and Adobe Experience Manager. Along with other CMS (Content Management System) like WordPress for separate shopping cart solutions.
Read the blog- What are the different types of eCommerce Solutions in 2021?
The hosting environment for this solution is also the cloud. But the need for monolithic technologies for innovation and speed makes it more costly than SaaS solutions. Here are some of the solutions that headless commerce uses in order to decouple the shopping cart, such as
- OMS (Order Management System)- deals with the management of the inventory of the business.
- ESP (Email Service Provider)- helps in communicating with organizations via emails.
- POS (Point of Sales)- It manages the payment and transaction processes
- PIM (Product Information Management)- helps in increase of sales through various sales channels
- ERP (Enterprise Resource Planning)- deals with the data collection and processing aspects of the business.
The best example of an e-commerce brand that follows headless commerce solutions is IKEA furniture. In this website, all the components are created in the form of microservice, which all together form a final project. This solution is the reason for the presence of microservice in today’s market.
What are the features that an e-commerce platform should contain?
Every online business presence in the market contains unique features which makes it special among the others. And hiring the best eCommerce application development company can help you maintain these features along with day-to-day challenges. Here are some of the common features of the e-commerce platforms,
- Presence of enhanced SEO or Search Engine Optimization with full customizing ability.
- Launching the web application on the perfect app store with the best built-in services.
- Presence of built-in e-commerce functionalities like catalogs of the products, promotion, and analytics, and even discounts on the prices.
- The website should have non-proprietary languages along with a free and easy-to-use interface.
- The platform should have unlimited storage of APIs along with the mitigation of the PCI compliances.
What are e-commerce integrations and why is it important?
E-commerce integration is the coordination of your online e-commerce business with your inventory and accounting system. This helps you to increase the accessibility of your website and enables the data flow in both ways. So that you don’t have to do a single entry twice.
With the help of ERP, mobile app development agencies are able to integrate their top e-commerce feature into their business model. Now all the necessary information and data are integrated into a single system. As a result, your business process will become more smooth, functional, and efficient.
e-commerce integration works on a single database system. So you will be able to track each and every stage of the product until it reaches the customer from the logistics. This saves a lot of time and effort of the employees and effectively delivers the product to the customers.
Plus, you will be able to increase security, maintenance of the accounting and provide better customer care. ERP can organize your logistics in a simple way so that you can focus on expanding your customer base to great extent.
What are the benefits of E-commerce integration?
There are many advantages of integrating E-commerce solutions in your business. Here are some benefits that are worth mentioning.
Better control on the business
Any business owner wants a better grasp of their business. And with the help of e-commerce integration, you will be able to do so. This is because the aspects like CRM, orders, inventory, manufacture and other essential functionalities will be present in one database. And you will be given full control of the database. So that you will be able to check any product status from one location.
Not only improvement of the internal aspects this e-commerce integration can also improve the revenue of your business. Plus, it saves both of your time and effort because the e-commerce website will be linked with your main website in such a way that the data flow can be done in both ways. That means you don’t have to make entries twice, only once is enough.
Data Redundancy and errors can be avoided
By the process of E-commerce integration, you can avoid potential data redundancy and errors. Hiring Magento developers you will be able to report user data, payment methods, shipment, and new orders simultaneously. Moreover, the ERP systems work on a two-way data flow basis, so that you will be able to check the current status of the product at any time.
This process needs less involvement of humans, which leads to fewer errors. In order to increase the productivity and efficiency of the business process. The users don’t have to perform repetitive functions.
Saving time with the increased productivity
The integration process refrains the manual entry of data every time. Each and every node of the ERP network are connected to a single database. From where the data and the status of a specific product can be extracted.
The system can track all the orders from the receiving end to the delivery end. And can provide you the stats of your today’s business simultaneously. This increases productivity by saving time on the order fulfillment cycle.
Improvement in functionality
Once the integration of the e-commerce solution is done with the main website of your business. It will be helpful for you as well as the people working on the system. In the traditional times, people of each field have to communicate with each other if any error regarding an order shows up. But as the full system is connected with a single database. Everyone who have the access to the database will be able to see the current status of the product.
This is not bounded to the company employees only; the customers are also able to track the current status of their ordered product. Which is a massive plus point in the way to the success of your business.
Enhanced customer care
Customer service is the most important aspect of a business's growth. If you are able to provide the best customer satisfaction to your customers, your brand value will increase day by day. The integration of e-commerce solutions into your business can help you to provide full transparency to your customers about their products.
This transparency of the product’s whereabouts increases the credibility of the business. This is because the customer will trust the product process and increase the chance of attracting new customers.
Increases security on accounting and transactions
This is another important feature of integrating e-commerce solutions to your business. For every organization financial report on the sales figures is mandatory. Without that, you will be not able to understand the present condition of your business and make futures sales strategies.
But the ERP systems can file financial reports along with profit or loss statements, cash flow, and spreadsheets all by themselves. As it is an automated system any kind of human interaction is not needed.
Reduction of Cost
With the automated ERP system integrated into your business, the need of hiring people also decreased. All the tracking, filing, and delivery of products can be done with few clicks. This decreases the cost involved in hiring people to looks after the individual aspects of the organization
You will be able to enjoy all these features when you be successful in hiring the best Magento development company available in the market.
Conclusion- It doesn’t matter you are starting a small business or expanding an established one. E-commerce is the future of business. And integrating E-commerce solutions into your business can take your business further into success. So, it is better to choose the best available website development services which can give you a better edge than other competitors in the present competitive market.