If you are the owner of an ecommerce business, then you will already have fair idea of what goes into the accounting and inventory processes. This involves a lot of information updates, entry and exit of inventory and handling of credits and payments. You most probably also have a team in place to handle the accounts and inventory of your business. This team is adept at taking care of the online catalog and updating inventory and managing finances. Given your excellent product offering, your business sees a sudden boom in demand. There are more customers flocking to your website. There is a sudden pressure that is created on your team who were used to handle a certain speed of workflow and a definite lead time. Because of increased sales, manual data-entry and handling payment and credit is becoming a complicated issue. How do you manage this boost which is good for your business, but is definitely hurting your back-end processes?
You can most definitely go for a team expansion. However, hiring new employees will also add new salaries to your payroll. So what can you do now?
ERP software comes to your help
Implementing ERP software into your business processes will help you manage the increased sales efficiently. The cost associated with it is a one-time affair. Even if you go for a subscription-based format, your expense per month will be lesser than what a new employee’s salary would cost you. ERP accounting software can help you automate the entire process of data flow, thus decreasing the pressure on manual entry.
When you receive new products at your warehouse, you will only need to add its information into the ERP software. This will automatically push the product information to your ecommerce website; thus, eliminating the need for double entry of information. Information includes all details including pricing, descriptions, and quantities among other variables. Once this happens, as and when an order gets placed, the ERP software automatically manages the inventory and updates which product orders need to be placed.
Your ERP accounting software can even check if your customer is within the credit limit before the warehouse picks up the order. You just need to set some criteria that will help them follow up and evaluate orders.
ERP and Ecommerce bring you better profits
When you are bringing your business online, it makes sense to automate your business process as well. After all, we set up ecommerce portals to increase our reach and record better sales. ERP software helps you do just that and helps you check the profits that you had aimed for when you started your ecommerce business.