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33. Achieving Elasticity in Ecommerce Through Cloud-Based ERP’s

Episode 33

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Ecommerce is on the brink of another revolution; cloud computing. In the last decade, cloud computing has skyrocketed to large-scale e-commerce. E-commerce did not exist before the 1990s, although today, B2C online business is a $1 trillion business worldwide and growing fast.

Integrating cloud technology in your e-commerce business will be the best way to navigate this massive wave. An ERP provides a flexible software architecture that will mitigate these disruptions as and when they arrive.

Designed for rapid innovation and growth while enforcing an architecture for logistical efficiency. With recent developments in cloud technology and its increasing integration in ERP software, its functionality has grown exponentially.

Chaitanya 00:15
Hello, and welcome to another episode of Driven e-commerce at work. Ten Minute Tuesdays, I'm your host Chai. And on today's episode, I wanted to shed some light on ERPs and how they are accelerating the e-commerce industry at scale.

Chaitanya 00:34
So let's get right into it. People say you need an ERP system. What is this really? Well, as you probably know, it stands for Enterprise Resource Plan. But that's still quite complicated, right? Simply put, if you're running a small to medium sized business, or a multinational corporation, and you're looking for a computer system for your company that will give you the information you need. Well, you will need an ERP. An ERP system is a single software that handles all of your business requirements. It manages your calculations invoicing and accounting. If you also have an inventory or a real estate business, or need to keep a track of your customer contacts, most ERP systems are configured to handle all of that as well in one system under one dashboard. That's it. That's all what people are talking about. Having one system that handles all of your processing needs rather than having a bunch of different specialized applications is the main focus of an ERP. But ERPs have been in the industry for almost well over a decade now.

Chaitanya 01:41
So why all of a sudden it's a game changer in the e-commerce industry. Well, products and business models are evolving and legacy ERPS cannot catch up. replacing them are cloudy ERPS, and they are the secret sauce to e-commerce success today. Let me explain why. New Business Models facilitate innovative products and services. Remember how businesses so to the end customers directly, they are now opting for subscription based services requiring a completely new architecture to manage revenue services, customers and inventory. As more businesses and customers move online, more data is generated each second and thus it needs to be managed. But legacy ERPs would not allow for any tech enhancement required for your business to go on to the next level. An ERP platform like epicor, p21, or Magento is designed for flexibility and adaptability, allowing fast configuration of new business processes and facilitating innovation. Another important aspect of an cloudy ERP is its functionality. You might think it's impractical to change your existing ERP. But cloudy ERPs include extensive integration points and application programs interfaces, known as API's to ensure that your existing legacy data flows freely between New cloud apps and your old systems.

Chaitanya 03:07
So you don't have to install new hardware or software or train for weeks to get your workforce up to speed. And perhaps the last most crucial aspect of having a cloud based eirp is its ability to connect hold stakeholders inside and outside the company. A cloud ERP is designed to let information flow from one point to another at any time in your business infrastructure. Everything is under one single dashboard. Employees can see end to end management of all the business processes and its products such as check in check out sales, marketing and operations. This transparency on all verticals inside your businesses will keep processes up to date and accelerate the pace of ongoing projects to completion. So a cloud based ERP transforms continually to get rid of technological obsolescence. To ensure that your business is time proof, and you can scale on all verticals, investing in a cloud ERP is the way ahead. That's all

Chaitanya 04:22
I hope you enjoyed this episode. This episode was brought to you by Cloras. Cloras is an integration platform built for B2B distributors, a leader in Epicor Profit 21 integration. If you want to learn more about integrations and ERPs go visit our website@cloras.com that is www.cloras.com and you can find all the resources such as blogs and podcasts under learn tab to help you get up to speed on the subject of ERPs and their integration in your business. We also host a masterclass with e-commerce industry experts and hope that you Join us. For more industry insights, you can sign up to our newsletter for weekly updates on e-commerce trends, and subscribe to the show on Apple podcasts and Spotify. See you guys on the next episode. Until then, have a productive week and stay safe.

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