Magento is counted upon for being best eCommerce platform in the market due to its ability to deliver required tools for the success of a business. Although, it is used by a number of organizations, it mainly focuses on online sales. In order to effectively manage other business processes; such as human resource, production, purchase, inventory, accounts, services, etc., an organization requires an ERP system. Before choosing any ERP Software program for your business, it is essential to know what ERP will work best for your business. Depending upon the size of your organization and actual requirements of your business, it becomes easy to analyze what ERP system you should integrate Magento with; in order to successfully manage all business aspects. If you are planning on to use some ERP software for improved data integration to empower your business; consider below mentioned factors first.
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The size of your organization
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Current accounting system you’re using and the reasons to switch from it
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The features of ERP software you would want to use through integrating it with existing Magento
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If you have EDI (electronic data interchange) sales or other wholesale operations, manufacturing, etc.
ERP, being a business management software, comes in the form of a number of integrated apps that assist organizations in managing all in-house aspects from product planning to sales & marketing. Thus, when integrated with Magento, it offers an edge to meet everyday business processes without hassles that eventually helps in increased revenue. With a flexible API (application programming interface), Magento successfully integrates with a variety of ERP packages that are listed in following segment.
NetSuite
NetSuite comes across as the highest ranked ERP solution provider to serve over 20,000 organizations in more than 100 countries. Providing a real-time visibility, it does more than just tradition account execution for your organization. Along with providing following functions, it also provides flexibility in configuring, customizing and upgrading operations and adds to your business efficiency.
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Enhances the workforce productivity with its better data visibility
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50%+ acceleration in order-to-cash
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50% slash in financial closure
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Cost-effective in automatic product upgrade
MS Dynamics NAV
Originally launched as an accounting application by Microsoft, NAV has extra technical features as compared to other ERP systems and comes with certain complexities. Also, it is a part of two different sections, of which one is for enterprise organizations and the other is for small to mid-sized organizations.
It supports below cited functions for your business through integration:
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Finance management
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Supply chain management
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Customer Relationship Management (CRM)
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Distribution
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Manufactured goods
SAP Business One
If you run a small or mid-sized business, SAP Business One is best for you to manage your entire business at an affordable price. It’s superiority reflects from maximized business efficiency it offers through different functions. Further, it caters to different business functions with sorted modules and meets tailored requirements as a user friendly ERP system. Following are its significant solutions helpful for your business:
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Manages complete sales flow, including quotation, order, invoice & delivery.
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By maintaining master data inventory and tracking entire warehouse details, it helps in avoiding the ‘out of stock’ scene to successfully fulfill the customer demands.
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Maintains employees’ details in HR data.
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Keeps a track of generated leads.
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Diverse core settings in administration section improves overall customer satisfaction.
Above are some ideal ERP systems that can help generate profit for your organization, while integrated with Magento eCommerce. However, contact inoday if you require expert’s help for choosing right ERP system for your business. Our experts analyze each factor before providing you with most suited integration solution for your organization.
