The eCommerce industry has bloomed into an ever-evolving, dynamic, and opportunistic sector where one can easily find a strong foothold, provided the actions and decisions align with the goals. Whether you already have an online commerce store or planning to start one, your success will depend on the calls you make, especially the way you manage your online business in this fiercely hypercompetitive industry. Every day, more than ten online stores are listed but only a few make it to the top list. And if you opt for Shopee to start your online wholesale commerce shop, the challenges will come multifold. Being one of the most competitive and popular e-commerce platforms, it comes with quite several impressive features to boost your sales and revenues. 

However, taking your online commerce business to the next level will require Shopee wholesale ERP integration. Also known as Enterprise Resource Planning software, it not only helps you to allocate your resources properly but also provides a centralized dashboard for controlling and monitoring core business workflows. From streamlining inventory management to providing real-time and accurate insights about sales and revenues, ERP software can transform the dynamics of your wholesale business, giving it the necessary competitive edge.

So, if you are still a novice in this arena and haven’t yet considered ERP integration with your Shopee store, the following discussion will certainly enlighten you. Here, we have highlighted the benefits a wholesale business can harness by integrating its e-commerce store with ERP software like FOYCOM. 

Seamless Order Management

In a traditional business infrastructure, order details are manually updated in the system, owing to which several human errors are introduced, like misspelled customer names, missing product details, inaccurate billing, and many more. Additionally, the inefficient workflows introduce delays in order confirmation and processing, which further prevents businesses from delivering customer orders within the stipulated time. This is where ERP integration with the Shopee store comes into the picture. With this software, the entire process of order management can be streamlined further for higher efficiency and improved deliverables. Following are the two major benefits the ERP software brings for order management.

● Centralized Dashboard:

Once Shopee and the ERP software are integrated, all the order details are uploaded from the commerce platform to ERP’s centralized dashboard with accurate information. Since the process is automated, no manual intervention is needed, thereby reducing human errors.

● Real-time Updates:

If any change is made to the order on the Shopee platform, the corresponding details will be updated on the ERP software and vice versa. As a result, data will be synchronized on both platforms, ensuring minimal error and better control over the inventory.

Enhanced Inventory Management

One of the major challenges that most wholesale businesses encounter is inventory management. Often, there exists a sheer absence of synchronization in stock levels between the e-commerce store and the inventory software. As a result, they don’t have accurate insights about the inventory, resulting in overselling or depleted stocks, especially during peak times. Similarly, with no real-time view of the inventory, false order confirmation or cancellation can also happen, which indirectly hampers the sales and customer experience. That’s why Shopee wholesale ERP integration is necessary as it will help:

● Automated Data Synchronization:

The inventory details at the online commerce platform’s end will be synchronized with the ERP’s database in a scheduled manner. As a result, businesses can have real-time views of the product stocks, preventing understocking or overstocking with ease.

● Efficient Stock Replenishment:

The ERP software like FOYCOM fetches sales information and create triggers for automatic stock replenishment based on the products which are ordered the most. This way, you not only can meet customer demands during peak cycles but also eliminate the dependency on manual order placement with the vendors for new stocks.

Improved Data Accuracy

Since data is the backbone of today’s world, any error or mismatch in the system information sets can lead to huge consequences for your wholesale business. For example, if the shipping address is not in sync across the platforms, the order might get dispatched to the wrong address or the billing information could have the incorrect information. Similarly, any change done to the product database needs to be updated manually on the Shopee platform also, which leaves room for human errors.

To eliminate these hassles and enhance data accuracy throughout the business workflow, integrating the Shopee commerce platform with an ERP software like FOYCOM is essential. It facilitates automatic data synchronization between both platforms, thereby reducing the chances of human errors or missed data. Furthermore, diverse information sets, like product details, customer data, pricing models, and others will have consistency on both platforms for better communication and end-to-end transparency. 

Streamlined Financial Processes

Managing the business finances isn’t an easy process for a wholesale business. It not only involves creating a dynamic pricing model based on the market statistics but also demands accurate reporting and analytics. However, with the conventional finance models, wholesale businesses can’t cater to this expectation and streamline the financial and accounting workflows. This is why your business needs Shopee integration with ERP software as it will not only boost the financial model performance but also bridge the gaps between your sales and revenue platforms.

● Automated Invoice Generation

The ERP software will pull order details from the Shopee platform and automatically generate invoices, ensuring streamlined accounting and accurate billing information.

● Centralized Financial Reporting

Also, once the financial datasets from the Shopee platform get integrated with the ERP software, you can gain access to unified and comprehensive financial data reports and analytics for better decision-making and accurate forecasting.

Enhanced Customer Experience

For every business, both retail and wholesale commerce, providing an omnichannel experience to the customers is of the topmost priority. However, following the conventional techniques and practices, it’s not possible to enhance the CX and meet the consumer demands due to rigid workflows and lack of flexibility. This is why integrating ERP software with the Shopee commerce platform is necessary. It will help in better order detail visibility, accurate inventory tracking, and faster order fulfillment. Your teams won’t have to wait for the data to get updated or deal with manual updates that could introduce human errors. Additionally, your customer management team can gain unhindered access to past order histories and customer information from the ERP software, thereby streamlining communication.

Advanced Analytics & Insights

One of the major benefits of integrating ERP software like FOYCOM with the Shopee platform is access to advanced analytical and reporting tools. You can easily leverage these to generate accurate and precise reports about sales, revenues, customer preferences, and many more. Furthermore, forecasting sales trends, inventory turnover, and customer expectations will become easier post the integration of the two systems. What’s more, wholesale commerce businesses can leverage these advanced analytical insights to make better decisions by drawing comprehensive data reports from ERP and the Shopee platforms.

Scalability & Flexibility

It’s essential for every wholesale business to adapt quickly to emerging market trends and dynamically changing customer preferences and actions. However, the rigid conventional workflows lack the flexibility for on-the-go scaling, requiring extensive changes and transformations at a granular level. It will not only slow the business workflows but also create cohesion amongst your employees. So, it’s better to opt for ERP software like FOYCOM as the integration will allow you to scale your business workflows on the go without any manual change at an extensive level. Additionally, you will be able to customize the ERP modules to suit your specific business requirements and ensure the workflows can be integrated without any compatibility issues.

Cost Efficiency

Once the Shopee platform is integrated with ERP software, it will be easier for your business to cut down the operational costs. For example, you won’t have to employ human resources for manual tasks like data entries since the ERP software will automate these workflows. Additionally, it will also enhance workflow efficiency, ensuring you can utilize your business funds properly without any inaccurate allocation. Since inventory and order management processes will be streamlined and automated post the integration, the chances of human errors and delayed order processing will be eliminated. It will further help prevent monetary losses due to overstocking, inaccurate order packaging, and many more such unexpected events.

Enhanced Security & Compliance

With ERP and Shopee integration, data transfers between these two platforms can be made more secure to ensure that confidential details are not exposed to cyber threats and other types of data issues. Additionally, it will be easier for the business to adhere to the stringent industry regulations and governance protocols related to inventory and financial work processes.

Implementation & Support

Last but not least, you can seek help from specialists to facilitate the integration of the ERP software with the Shopee platform based on your custom business requirements and goals. This way you won’t have to worry about streamlining the business workflows and enhancing the process efficiency. Additionally, you can also leverage the ongoing support and maintenance services to ensure any real-time system issue can be analyzed and fixed on time before your business workflows get impacted.

Conclusion

In this discussion, we have highlighted the major benefits your business can gain with Shopee wholesale ERP integration, including access to advanced analytics, streamlined order processing, and efficient inventory management. So, it’s your call whether or not to opt for the integration of these two platforms for better business efficiency and performance or not. If you need further help in understanding the benefits of ERP integration for your business or design custom integration solutions, reach out to our expert consultants now.