4 Things to Know About Magento – ERP System Integration

ERP systems are must-have software for companies engaged in sales. These businesses have requirements like processing orders, managing shipping, and organizing returns. ERP systems cover all these needs and more. If the ERP solution and the online store aren’t integrated, data is entered into the system manually. As a result, it may cause duplications and errors caused by human carelessness. By integrating the ERP software with your Magento store, you enable the data to flow from one system to another automatically without causing errors.. But before initiating to integrate these two solutions, there are a few things that you should consider.

1. Make Sure to Choose the Right System

The technology market is rich in ERP systems, and sometimes it isn’t very clear how to navigate the sea of offers. To choose the right software for your Magento web store, first, you should perform an analysis of internal business operations. Then, the analysis will help identify your business’s specific needs, which the ERP system should address. You shouldn’t worry about the software’s compatibility with Magento. The eCommerce platform is highly flexible and customizable. It allows specialists to connect the web store with theoretically any ERP system.  For example, the Magento integration services by Elogic will connect your web store with any software. 

Let’s discuss the three most common solutions integrated with Magento websites:

  • By connecting your Magento web store to Sage ERP, online retailers can streamline your company’s inventory, accounting, and sales.
  • The Magento – Microsoft Dynamics 365 integration enables businesses to manage operations, financial processes, and HR department. 
  • By integrating your Magento eCommerce store with NetSuite, online merchants can run your medium-sized business smoothly and get useful insights due to its BI tools. 

2. Consider Primary ERP Functions

Though ERP systems have similar features, they aren’t identical. Some functions are suitable for physical stores, while others work best for online shops. Hence, before choosing a solution, make sure to check its functionalities. For example, features for inventory management are vital for retailers to meet customer demands and manage financial matters. In addition, Backorder management features allow connecting your Magento web store to the data flows of the company’s warehouses. 

3. Plan Integration Expenses And Consider Hidden Costs

ERP integration can be costly, especially for online businesses with no system in place. Retail companies devote from 0.5% to 2% of their annual income to implement the solution. While budgeting, you should also take into consideration the hidden expenses. For example, the system may need some customizations to connect with Magento. Hence, before initiating the integration project, you should try to assess the expenses. Next, compare them with the benefits and decide whether it’s worth it or not. 

4.   Hire a Professional Magento Implementation Partner

Most retail companies don’t have in-house IT teams and cannot handle the ERP integration with available resources. That’s why they should hire a team of professional consultants and developers. Finding a partner isn’t difficult since Magento is a popular eCommerce platform. So, many companies provide integration services for it. For example, Elogic is a trusted Magento ERP Integration partner. It helps retailers boost their business by streamlining their processes. 

Final Thoughts

If your eCommerce web store and ERP software work independently, you make a double effort to keep them on the same page. The good news is there is a way to streamline your processes by integrating these platforms. As a result, data flows in both directions, and you avoid manual entries and errors caused by it. But the integration process may have hidden costs and unpredicted complications. So, it would be best to hire an experienced Magento – ERP integration company to do the work.

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