With the advancement in new technology in the B2B market, organizations are adopting new ways of doing business. From remote monitoring to security management, there are multiple productivity-enhancing tools for businesses. If you do not leverage this solution, you are putting your clients and businesses on the back foot.
Gone are the days when businesses used to worry about unknown financial variables and waited for reviews to settle checks and invoices. Businesses bring automation to their processes by integrating their online store with QuickBooks. This QuickBooks eCommerce integration will eliminate most of the uncertainties and redundancies.
Quickbooks is a bookkeeping software module designed by Intuit. This software application assists the business to manage sales and expenses and to monitor daily exchange reports. It helps you to create client receipts, guest customer order invoices, create reports for planning, tax filing, and many more.
Also, integrating QuickBooks provides complete penetration into the performance of the business and where it needs to be improved. It shares all the information concerning sales orders, expenses, and invoicing. Businesses can prevent duplicate data entry by connecting with QuickBooks. They can also increase productivity and drive more insight for better forecasting.
In brief, it is an accounting software that helps small businesses to manage their financial reports. This blog will provide you with an overview of why implementing QuickBooks eCommerce integration is significant for every business.
Reasons to implement QuickBooks Ecommerce Integration
B2B eCommerce solutions are customer-centric, and payment and stock control play a crucial role in their sales process. It is not only the customers that tend to enjoy the benefit of this integrated eCommerce solution but businesses also get the opportunity to increase their operational efficiency. Managing different information separately can take a lot of your time.
With the help of eCommerce integration, organizations ensure that their inventory, order, customer product, and customer data are consistent and accurate.
According to Retail Systems Research, 70 percent of retailers claim that the eCommerce platforms will become the foundation of sales across desktop, mobile, and stores.
So, it is vital to consolidate data as a single source so that it can be managed effortlessly.
Let’s explore more about the reasons to implement QuickBooks eCommerce integration in detail.
Control Real-Time Inventory
Retailers often find the selection of the precise inventory levels relatively challenging. They have to keep a track of the stock so that they can provide them the items when customers demand them. Monitoring the inventory levels helps them to plan for future inventory orders before everything is out of stock.
Having an order management system integrated with QuickBooks synchronizes the inventory count with your online store. It is updated in either of the systems automatically resulting in having access to the correct stock levels. Whenever a customer orders a particular product, it will automatically be updated in the QuickBooks files.
This way, companies will also be able to show their real-time stock levels to customers while they are purchasing the product. It provides them with the overall control of the real-time inventory.
Several businesses have trouble entering information into financial software. Everything can go wrong when the entry is not done properly into the software. Organizations that use QuickBooks eCommerce ERP integration minimize errors of entering data in financial software.
By integrating order management, inventory control, and financial management with QuickBooks, sales reps tend to handle multiple tasks in fewer steps. They can also track inventory and expenses, create financial reports, and analyze budgets.
Order Management System (OMS)
Order Management System is one of the most complex and significant systems in a B2B business. An OMS with eCommerce ERP integration saves the time of the business owners by automating the data entry process and minimizing the job tasks. It also improves customers’ experience by helping them to view products, place orders, and track their shipments.
OMS allows businesses to customize order forms, monitor customers’ past order history, and track orders, thereby delivering faster service and reducing human error. Organizations having QuickBooks eCommerce integration tend to acquire flexibility and mobility. They can use smartphones or tablets to check sales orders, respond to customers, and monitor inventory levels.
Order Management Systems also serve multiple benefits to the customer. They can ask questions, acquire information about new products, and purchase online from a mobile phone. Therefore, it is very effective in tracking orders and shipments from anywhere around the world.
Improve Customer Experience
B2B customers, using an eCommerce solution make online purchases from anywhere around the world. However, it is only possible when an organization has relevant and up-to-date data. If they are entering data manually in the eCommerce site, it is relatively time-consuming and leads to multiple errors.
QuickBooks integrated eCommerce solution assists the customer in managing their purchases and order history efficiently. It enables them to place orders effortlessly, acquire refunds, check invoices, credit memos, estimates, sales receipts, and a lot more.
Entering data manually can lead to multiple errors and is also very time-consuming. But, when an organization has an eCommerce order system integrated with its accounting tool, it minimizes the need for entering order information manually. It also eliminates the possibility of errors. So, whenever an order is placed on the website, it will be entered into QuickBooks online by default.
Increases Sales Efficiency
Not only the customers but sales reps also acquire multiple benefits because of QuickBooks eCommerce integration. Customers like to purchase products from the organization that is available to answer all their queries and consider them valuable. It only happens when the sales reps have detailed real-time information in their hand.
Since QuickBooks eCommerce integration contains previous customer history and real-time data, it will enable them to make educated selling decisions by suggesting new products. It will result in higher sales for them and higher revenue for the organization.
Also, manually entering the data and searching for it when the customer asks you about the data can take a lot of the time of the sales rep. An organization with eCommerce ERP integration automates the process and imports all the relevant sales-related data into QuickBooks. It saves a lot of time for the sales rep and helps them in indulging in other significant activities.
Today, several businesses are using Quickbooks eCommerce integration to speed up and automate their processes. It helps them in taking bigger and more complex projects that will positively impact their bottom lines.
It enables you to store all the financial and sales data together in a single place. Also, it eliminates the need for updating accounting information manually, thereby improving efficiency in your business and providing better customer services.
By using an eCommerce integrated system, you tend to save your money, time, and effort and improve the customer experience for the long run.