Many businesses are opting to integrate their ERP with Magento, one of the world’s best e-commerce platforms. This partnership made in digital heaven offers a number of significant benefits, from increased revenue to faster accounting processes.
Let’s take a closer look at exactly why you should integrate your ERP with Magento.
An enterprise resource planning (ERP) system manages important data for your business. This data includes pricing, customer details, shipping methods and product information. When you integrate your ERP with Magento, you now have an e-commerce system running with real-time data.
Your customers will no doubt appreciate this more transparent and informed transaction process. And happier customers usually translate to more loyal customers. You also won’t need to spend as much time or money on inventory management.
Another reason for why you should integrate your ERP with Magento is the improved management of your revenue. With Magento, you can keep better track of your earnings with accurate data feeds and detailed transaction data.
This financial transparency also includes real-time financial reports, including cash flow statements, balance sheets and profit/loss statements. It’s all the data you need, automatically generated, to make informed decisions about your business’ long-term goals and critical changes.
By integrating Magento with your ERP, you can speed up the accounting processes for the costs of goods and tax. Using your ERP, you can also set up specific rules and rates in your Magento e-commerce system, simplifying purchases. These flexible and automated operations reduce the chance of human error, saving you considerable time and money.
Finally, all this tax data gets stored in one place, so you no longer need to manually sync data across systems. In fact, it can be integrated with government-compliant accounting software, such as MYOB or Xero. And rest assured that the encrypted connection shared by ERP systems and Magento keeps your data completely anonymous and secure.
Request a free product demo of Qdos, an Australian-owned, cloud-based ERP solution that offers easy Magento integration. Automate your retail and wholesale processes, gain operational and financial transparency and increase business productivity and sales with Qdos. We’re the trusted ERP provider for a range of small and large businesses, including Vinnies, Trembath & Taylor and Wild Cards & Gifts.