10 Must-Have Features of ERP for E-commerce Development

This blog offers crucial insights on essential ERP for e-commerce development features that E-commerce businesses can leverage to seek growth and revenue. These features not only will give them an edge over the competitors but will also boost efficiency.

Enterprise Resource planning is quite an essential tool for e-commerce organizations to leverage benefits and features in specific ways. As it can help businesses increase productivity, make operations efficient, and deliver consumer satisfaction, the ERP could bring both growth and revenue. The ERP software also helps streamline and align various departments like- Accounts, Supply Chain, Inventory, Sales, CRM, etc. by offering extensive ability and efficiency to minimize costs while smoothly ensuring business operations. To remain competitive in the market, it becomes crucial for businesses to seek features that help gain holistic control and reporting related to the business processes and environment.

Why ERP For E-commerce Development?

The eCommerce development with ERP helps integrate aspects of e-commerce and resource planning on a designated common platform to ensure that business processes go well across the organization. It synchronizes the data across different platforms, channels, and departments to enable reporting and tracking of business processes. As a technology framework backs an E-Commerce platform, specific tasks, and actions can be automated as per the business’s needs and requirements to boost efficiency. From inventory tracking to managing or processing orders, the ERP can handle all aspects of the E-Commerce platform.

10 Must-Have Features of ERP for E-commerce Development

Here are some of the best features that ERP for E-commerce Development should have to boost efficiency and productivity:

1. Supply Chain Management – In the E-Commerce B2B or B2C segment, ERP plays a crucial role as it provides real-time insight into orders, sales, historical business data, and future business forecasting. Good ERP software ensures businesses meet demand efficiently. Supply chain management also helps create links between online and offline channels with clients and vendors/sellers.
2. Inventory or Product Management – Inventory Management ensures products are adequately available to consumers, providing a real-time record of stock and streamlining order fulfillment.
3. Customer Relationship Management – CRM helps businesses maintain customer satisfaction, track purchases, manage returns, and address concerns efficiently. ERP integration ensures businesses provide exceptional after-sales support.
4. Sales Consolidation & Revenue Tracking – E-commerce businesses manage orders and payments from multiple channels. ERP offers accurate revenue tracking and consolidated financial reporting.
5. Logistics Tracking – ERP keeps a real-time record of inventory, shipments, and deliveries, ensuring businesses can track logistics efficiently.
6. Accounting Dashboard – The ERP software reduces the workload of financial management, automating invoices, payments, and expenses.
7. Data Analysis and Reporting – ERP provides real-time data analysis, report automation, and alert systems for better decision-making.
8. Data Encryption & Security – ERP ensures data encryption to protect business and customer information, enhancing security and trust.
9. Sales, Discounts, Campaign & Performance Tracking – ERP provides a dedicated dashboard for pricing strategies, sales tracking, and marketing campaign analysis.
10. Automation of Processes – ERP automates crucial tasks like order management, vendor rating analysis, stock management, and logistics to improve efficiency.

These 10 must-have features of ERP for eCommerce companies will help your business gain more efficiency and productivity to become competitive in the market.