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For companies doing serious business online, ERP integration for ecommerce has become a necessity in order to remain competitive. According to a study by The Hackett Group, the average cost of manual data entry is $14 per transaction. This may not seem like a significant amount, but when multiplied by the number of transactions that occur on an ecommerce store, the cost quickly adds up. For example, if a business processes 100 transactions per day, manual data entry would cost them $1,400 per day, or $490,000 per year.
In addition to the cost of manual data entry, businesses that do not integrate their ERP and ecommerce systems also experience increased costs related to inventory management. Without integration, businesses must manually update their inventory levels in both systems, leading to discrepancies and stockouts. These discrepancies can result in lost sales and increased costs for expedited shipping to fulfill backorders.
Furthermore, not integrating your ERP with your ecommerce store also leads to decreased efficiency in other areas. For example, customer data must be manually entered into both systems, resulting in duplicative effort and increased risk of errors. Additionally, manual data entry can lead to delays in shipping and invoicing, resulting in decreased customer satisfaction.
For companies that are big enough to see the benefits of workflow automation but without the resources of a large corporation, the costs associated with integration have been a barrier. Now for the good news: Stock2Shop offers a cost pre-built integration service that can sync your ERP with your ecommerce platforms way quicker than a custom-built solution, and at a fraction of the price.
For a small monthly fee, you can remove a great deal of repetitive tasks from your company’s workload. When you consider the significant costs associated with manual data management, as well as the opportunity costs, automating your workflow is a no-brainer.
Not integrating your ERP with your ecommerce store is an unnecessary albatross around your company’s neck, negatively impacting your bottom line. With Stock2Shop, a streamlined online business has never been more accessible, so contact us to find out how you can stay competitive in today’s fast-paced digital market.
Contact us at Stock2Shop to find out more.
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