Monday, December 21, 2020

The Benefits Of an Integrated Ecommerce Experience

 


The way companies and customers do business has been revolutionized by ecommerce. Customers from around the world can connect with your business and make a purchase with just a couple of clicks.

Those online orders, however, will potentially put a burden on your company without an integrated ecommerce solution. It can become expensive and unmanageable to manually pass orders from your online store into your back-end accounting system.

For brands, utilizing an integrated ecommerce marketing platform that increases sales and scales rapidly is the greatest accelerator to success.

Your brand could be stuck relying on different marketing technologies without a consolidated platform, resulting in siloed data, hard time management, and missed opportunities for interaction.

A disconnected marketing tech stack leads to disconnected consumer interactions, making lifetime value more difficult to expand.

Your brand will streamline operations with an integrated platform and concentrate on what matters most: delivering unified and high-converting customer experiences.

What is ecommerce integration?

The world of   is big. A whole host of considerations and challenges come with such scale and complexity. The dynamics of ecommerce itself is one of those.

Setting up an efficient online store will mean setting up a large range of products, all of which need to function in accordance with each other to meet the needs of a modern customer while shopping.

This means, from a business point of view, juggling behind the scenes a seemingly infinite array of applications, platforms, and systems to fulfill such demands. It’s not always easy.

That’s where the integration of ecommerce comes in. Integration could be thought of as an extremely well-built road network that links each and every one of your systems.

The online store and other online sales platforms are basically connected to the back-end systems (such as an ERP platform, warehouse management system, finance software, etc.).

This helps everything communicate seamlessly and bi-directionally, ensuring that data and information can move freely and automatically and be used.

This eliminates the need to separately enter data manually into various systems, making back-end business processes much more successful as well as significantly reducing the potential for errors and problems.

Ecommerce API integration issues

Ecommerce stores offer feature-rich platforms for many businesses that provide mobile, scalable solutions designed to better leverage online sales channels.

Following their deployment, most businesses frequently experience a substantial increase in traffic, conversion rate, and annual revenue rise. While this is fantastic news for the business, it can also cause new difficulties.

As every organization would know, coping with administrative tasks simply detracts from the intended target.  .

Therefore, ecommerce processes and workflow must be continuously monitored and reviewed, since these will help raise revenue streams and working capital if upgraded.

The main cause of this is repetitive data processing between systems – the rekeying of data to and from an ecommerce platform to other systems and apps. It is simply poor management of time and a waste of money.

A sudden rise in demand can quickly overwhelm employees and stretch resources, leading to errors and a bad customer experience, if the online store is not completely integrated with existing systems and the admin is reliant on manual processes.

When client orders enter back-office operations and trigger out-of-stocks, backlogs, and duplicate entries, problems will arise.

Production of orders can also be impacted, resulting in cash flow and turnover disruptions, and as a result, customer relationships can suffer.

The benefits of integrating ecommerce

1. Improved after-sales service

With the opportunity to have everything in one conveniently accessible system, it is substantially easier to manage any concerns that might occur before a customer’s purchase.

This is where an integrated CRM becomes incredibly useful, as critical aspects of these platforms are instances such as RMA requests and other after-sales services.

The decreased uncertainty from getting all in one place would also undoubtedly have a positive impact on your consumer experience, which implies happier and more satisfied customers all across.

2. Synchronize Customer Records and Inventory

When an order is placed online, inventory is automatically redirected and decremented in the back-office accounting or inventory system. The same applies to customer data.

3. Intuitive, streamlined, and automated system management

Automation is one of the key elements of ecommerce integration. Once ecommerce processes are automated, a positive impact is evident across a variety of parameters in the business.

As each and every process becomes simplified and decreases the need for high human intervention, internal efficiency can also see a substantial boost.

Integration, for instance, offers seamless compatibility between payment gateways, systems for shipping and logistics, and omnichannel sales feed.

This is extremely helpful not just for customers who are able to see and interact exactly as they need with your company, but also for back-office employees who frequently access accounting or inventory systems.

4. Efficient omnichannel sales management

Since everything is optimized and designed to function in harmony with each other in an integrated ecommerce platform, it is easy to handle multiple channels.

An omnichannel business can benefit from the same automated system much like a single channel sales process, which means that each and every bit of data and information is correct across the board without having to fiddle with duplicate data.

5. Automation Cost Savings

Integrating ERP with your ecommerce store ensures that sales orders transition smoothly in minutes from your website to your warehouse.

With reduced labor and maintenance costs, reducing the time and logistical burden of manual data transfer goes straight to your bottom line.

6. Fewer Errors

It’s easy to lose focus and transpose numbers, enter the wrong amount, enter the wrong shipping address, or even lose track of a stack of orders entirely while employees are manually re-keying web orders into the system.

You’ll minimize manual data entry and reduce the number of data entry errors with integrated ecommerce. It’s the same quick, reliable, consistent, and error-free process every single time, regardless of whether you process 1 or 1,000 orders.

Goals of an Integrated System

The aim of an integrated solution is to maximize the opportunity for your sales and reduce your operational costs. By reusing product data in many different operations, a well-designed solution would allow you to more effectively incorporate new products.

In your online, call center or physical operations, you should have easy access to all customer history and data.

This would have a positive effect on your top line by enabling you to reference previous sales and probably up-sell from an automated system.

You’ll introduce operational efficiencies by integrating data systems. For example, you can minimize costs and have real-time access to your finances if order management is directly connected to accounting and you do not need to manually post user or summary order information.

If you support multichannel operations, getting product data centralized would allow you to use it in streams, on your website, in your call center, and in your physical stores.

Finally, it can create a more effective workflow by providing higher levels of integration. Ideally, data can be unified and for many allocation and back-office operations, you should implement automation.


Source: Integrated eCommerce

Thursday, December 17, 2020

Your Complete Guide to This Year’s Dreamforce

 


The ultimate Salesforce event of the year is just around the corner and the buzz is all over the physical and virtual world. If you’re looking forward to this spectacular event, this guide will help you navigate your way through Salesforce’s highlight of the year – Dreamforce.

What is Dreamforce?

As an annual four-day event that allows the entire Salesforce community to come together, Dreamforce aims to celebrate Trailblazers from all across the world. It is an event that allows one to share their own success story and learn from others.

When does Dreamforce take place?

Normally, Dreamforce is held during the fall, between the months of September and November. For the year 2019, Dreamforce is scheduled to take place from the 19th to the 22nd of November.

Where is Dreamforce held?

Dreamforce is held in San Francisco, California. The event is held at multiple venues such as Moscone Center, Salesforce Tower, Marriott Marquis, InterContinental, Palace Hotel, Hilton Union Square, Park Central, Hotel Nikko, City View at Metreon, and Westin St. Francis, among others.

Who attends Dreamforce?

Loads and loads of people! Dreamforce saw over 170,000 registered attendees from all over the world across every industry and business field in the year 2018. The event is mainly for Trailblazers in any company, regardless of whether it’s a startup of four or a Fortune 500 member. Dreamforce has something amazing to offer to them all.

Besides the massive number of on-ground attendees, the event is usually watched live via Salesforce Live or Twitter by over 13 million viewers.

Cost of Attending Dreamforce

When it comes to attending Dreamforce, the best way to snag a good deal on the registration fee is to apply as soon as possible. The price of the Full Conference Pass for the year 2019 ranged from $1,599 to $2,299. You even have the opportunity of experiencing Dreamforce using a free expo pass (the registrations for which will soon go live).

Registration for Dreamforce

Though the Full Conference Passes for Dreamforce 2019 have been sold out, one can easily register using a valid code. And if you do not even have a valid code, you still have the opportunity to experience Dreamforce in all its glory via a free Expo pass (to be released soon). A further fourth option is also available at your disposal—tuning in virtually via the Salesforce LIVE broadcast.

What can you expect at Dreamforce?

One thing is for sure – Of the four days at Dreamforce, you can never expect to find a dull moment. Dreamforce offers a myriad of opportunities to its attendees:

  • Opportunity to learn

The lifeblood of the event is learning in a manner that is both insightful and fun. With over 2,700 keynote and breakout sessions, training and certification opportunities, chances to get a hands-on experience of new technology and products, test-driving thousands of customer success solutions, the opportunity to gain an intimate understanding of Salesforce products at demo stations, and a whole lot more, Dreamforce never falls short of rendering a one-of-a-kind learning experience.

  • Opportunity to be inspired

At Dreamforce, take part in engaging and thought-provoking discussions by various reputed industry leaders, pioneers, and luminaries. Some of the noteworthy sessions of Salesforce 2018 include the discussion on the climate crisis by former Vice President Al Gore and that on ethics of Artificial Intelligence (AI) delivered by Tristan Harris.

  • Opportunity to give back

“Joys shared get multiplied whereas sorrows shared get divided,” and this is an adage Salesforce lives by. Amazing things only take place when we give back to the community that has poured so much into us. At Dreamforce, you also have the opportunity to make a difference in the lives of the people who need it the most by partnering with several non-profit organizations. You can volunteer for either packing backpacks with local school supplies or kits for victims of natural disasters, participating in a book drive, and much more.

  • Opportunity to have fun

With all of the above, how can one leave fun out of the mix? Dreamforce offers many opportunities to have fun such as e-connecting with both online and offline friends, taking selfies with Astro and the gang, exploring the beautiful city of San Francisco, and socializing via several power breakfasts, lunches, meetups, and parties (especially the ultimate party of Dreamfest).


Source: Dreamforce

Tuesday, December 15, 2020

Manufacturers’ Guide to Magnify B2B Ecommerce Success

 


With online B2B sales expected to surpass $1 trillion in the United States next year, many of the 250,000-plus U.S. manufacturers are moving quickly into this selling avenue.

In these highly prolific circumstances, it is said that about 40% of manufacturers already have an e-commerce site.

According to a recent survey of more than 140 manufacturers, out of those who don’t already have an e-commerce site, 69% of them are expected to launch one within 2 years.

Not only that, 55% are planning to go live within one year and 34% will do it in six months’ time.

Why are manufacturers so excited about selling online? What are the best practices that must be performed?

Going forward in the article, we will be answering these extremely important questions. We’ll also try to shed light on magnifying the B2B e-commerce possibility from a manufacturer’s point of view. Keep reading to learn more.

Why Online

There’s a lot to be said about selling online, but does it really stand tall on the claims? Let’s find out.

Here are some key benefits of selling online.

Increasing Sales

One major advantage of selling online is a huge business opportunity and tremendous selling capacity that it creates.

As per the survey, 71% of executives believe they saw a major hike in their selling capacity after going online. They also termed the move as a “gamechanger” for them.

Decline of Retail Stores

Even after trying the retail business model repetitively, several manufacturers believed they could not extract similar results when compared with online sales.

This massive decline on the part of retail stores has also led manufacturers to shift towards the online business model. When done right, the online approach can prove to be extremely successful.

Sell Directly to Consumers

When manufacturers realized that they could directly perform business with consumers rather than using a mediating channel, there was no turning back.

This not only helps them to mitigate the mediators, but it also helps to clarify communication with consumers which obviously benefits business in a broader way.

The Best Practices

Smooth and successful movement of a B2B e-commerce business is a tricky and challenging process. A website is always the entry point for e-commerce businesses, and it must efficiently handle complex transactions that can include detailed quotations, custom pricing, and product specifications.

Manufacturers that already have a successful e-commerce site offered some insight on the best practices they followed that benefitted their venture.

They emphasized the key points that should be kept under consideration in building the site and designing the e-commerce strategy.

  • Benchmarking the competition

  • Developing clear and concise strategic goals and objectives

  • Thinking through the technology and channel integration details

  • Tailoring the website to the needs of the customers

The Best Practice report will give a detailed explanation of how manufacturers can expand their business. Some key features of the Best Practice report are listed below.

  • A detailed overview of how manufacturers designed and sustain successful B2B e-commerce sites

  • Detailed survey results from 142 manufacturers by B2BecNews on their business, technology and design priorities for B2B e-commerce

  • In-depth case studies on how manufacturers overcame challenges and developed a successful ROI in areas such as business strategy, customer service, design, marketing, and social media, systems integration and technology

  • Specific best practice tips and strategies from leading B2B e-commerce business, design, and technology analysts that managers of all types can use within their organization

You can get your copy at https://www.digitalcommerce360.com/product/manufacturing-b2b-e-commerce/

Case Study

Proto Labs Inc., based in suburban Minneapolis, bills itself as the world’s fastest manufacturer of custom prototypes and on-demand production parts. Proto Labs provides several types of custom manufacturing that customers can order online.

Two years ago, Proto Labs developed an e-commerce site where customers could place orders for all of these manufacturing services, replacing a former setup that operated separate websites for each service.

Proto Labs builds, buys, and acquires both e-commerce technologies and other manufacturers that further its mission to be a manufacturer that uses e-commerce for faster product design and development, faster product prototyping and on-demand custom manufacturing, CEO Vicki Holt says.

As part of its ongoing focus on digital manufacturing and e-commerce, Proto Labs has a new company tagline: “Manufacturing. Accelerated.” The company’s top priority for 2018 is to “continue to evolve our sales approach and engagement with our customers to drive revenue growth,” Holt says.

Proto Labs sees itself as well out front among U.S. manufacturers in the race to become more digital and commerce-enabled. “Manufacturing is just getting started,” Holt says.

Conclusion

To all the manufacturers who are still operating through any channel except the Internet, reconsider your decision and start moving towards the online way of doing business. Follow the best practices while doing so, in order to help guarantee your own success.

2019?


Source: Magnify B2B Ecommerce Success