Empower Technology Business with Cloudfy's B2B Ecommerce Platform https://www.cloudfy.com/tag/ecommerce-for-technology-industry/ B2B Solution to Simplify, Save & Scale Thu, 18 Jul 2024 11:14:03 +0000 en-US hourly 1 https://www.cloudfy.com/app/uploads/favicon.jpg Empower Technology Business with Cloudfy's B2B Ecommerce Platform https://www.cloudfy.com/tag/ecommerce-for-technology-industry/ 32 32 Top 3 ERP Solutions for the Technology Industry https://www.cloudfy.com/articles/top-3-erp-solutions-for-the-technology-industry/ Wed, 17 Jul 2024 13:21:23 +0000 https://www.cloudfy.com/?p=56115 You are already familiar with enterprise resource planning (ERP) giants like SAP’s S/4HANA which is the successor to SAP ECC, Oracle NetSuite and Microsoft Dynamics. They are popular across many different business sectors and offer an impressive selection of features. … Read More

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You are already familiar with enterprise resource planning (ERP) giants like SAP’s S/4HANA which is the successor to SAP ECC, Oracle NetSuite and Microsoft Dynamics.

They are popular across many different business sectors and offer an impressive selection of features. In some cases, you can take a modular approach so you can choose what you need when you need it. However, you might need to sign up for bundles with more functionality than you currently need. You’ll want to review your business requirements to decide whether these options meet the needs of your technology business.

You might also feel that choosing a mainstream solution will simplify integration with your business to business (B2B) ecommerce platform and other business systems.

However, missed deadlines, overrun budgets and unmet goals are common shortcomings in ERP implementation projects. Choosing the right ERP solution for your business is the first essential step to avoid these problems.

A purpose designed B2B ecommerce platform like Cloudfy comes with a powerful application programming interface (API) for customization. You’re free to choose the best in breed ERP solution for your technology business. You can still benefit from B2B ERP-ecommerce integration to take your sales to the next level.

Before you choose an ERP system here are some less well-known options we’ve looked at that you might also consider.

Cloudfy is a B2B ecommerce solution purpose designed for complex operations in the technology industry. It offers robust B2B and direct to consumer (D2C) features to meet your online sales needs.

With data directly from your ERP system you can simplify and scale your online sales. Your seamless customer self-service portal provides end to end order visibility. Pricing, warehouse management, payments, and personalized customer experiences are all simplified. You’ll minimize manual data entry so you can streamline and simplify processes and automate workflows. Accuracy is improved so you’ll have more satisfied customers too.

As a software as a service (SaaS) solution you’ll always be at the forefront of technology with regular updates in the cloud. You can easily scale to meet peak sales demand and it can grow with your business.

B2B ERP Systems for Technology Industry

Which ERP is best for my technology business?

The best solution for your business depends on your customers’ needs and your requirements for functionality, customizations and integrations. It will also depend on your company’s size, budget, future needs and plans for growth. Here we take a look at three ERP options you might not have considered for your technology business.

Epicor

As with many ERP systems you’ll find Epicor offers robust tools for financial control and customer relationship management (CRM). It also provides production and materials (MRP/BOM) and supply chain management tools. You can choose cloud-based or on-premises solutions that are proving popular with mid-sized companies in the manufacturing and technology sectors. The no or low code approach means it’s flexible and it has a simple, intuitive browser-based user interface.

Epicor ERP System

Make-to-order (MTO), engineer-to-order (ETO), configure-to-order (CTO) options make Epicor attractive for rapidly expanding and emerging technology businesses. It’s scalable and modular so you can speed up implementation to support business growth and expansion. Its features include 2D and 3D visual configurations, real-time production and process monitoring, and quality and compliance management. Supply chain and maintenance management and integrated field service automation are also available.

One of the attractions of Epicor is its ease of use, even for infrequent users. It also includes embedded help and training courses, videos, and a training curriculum.

Acumatica

Acumatica also delivers key ERP elements like financial management and CRM alongside production and materials (MRP/BOM) and supply chain management. It’s a cloud-based ERP solution with advanced financial features to handle deferred and recurring revenue, project accounting, contract management, and asset depreciation. It also supports multilingual translations, localized business practices, multicurrency, international accounting and taxes.

Acumatica ERP System

Flexible consumption-based licensing supports collaboration between employees and third parties through access to information and systems. Its open API supports connectivity, big data analytics, robotics, artificial intelligence, machine learning, and the Internet of Things (IoT). It also includes rapid development tools to support evolving business needs.

Users can access certified industry and business applications from the marketplace and free online training is available from its own ‘Open University’.

Syspro

Syspro offers a suite of financial, production and materials (MRP/BOM) management tools particularly suitable for multi-site or multinational operations. It also includes supply chain and CRM solutions. On-premises, software as a service and hybrid deployment options make it a flexible choice for technology companies.

Syspro ERP System

Syspro functionality includes manufacturing operations management (MOM), inventory optimization and management, distribution and procurement. Its low-code or no code approach supports customization and extensibility for growing businesses. You can also tailor your solution with out-of-the-box integrations, connectors, and business process automation tools.

Online training is available through ‘LearnIt’ and the company also provides classroom and on-site training.

ERP comparisons

Each of these solutions offers the core ERP functions you would expect, so your choice will depend on your requirements.

Epicor is a good choice if your business values flexibility and is focussed on data-driven decision-making and customer service. It’s ease of use helps you streamline implementation.

If you’re looking for a complete view of your international operations it’s worth looking closely at Acumatica’s connectivity options. If you have a broad network of business partners it’s consumption-based licensing might also interest you.

Syspro prioritizes customization and extensibility and offers flexibility for businesses that want a long-term business partner to support growth. If data visibility, analysis and informed decision-making are priorities for your business Syspro is worth considering.

B2B ecommerce and ERP integration for sales in the technology industry with Cloudfy

Whatever ERP solution you choose for your technology business, Cloudfy can unlock the power of seamless integration. It’s a one-stop-shop solution for streamlining your business operations, improving efficiency and enhancing customer experiences.

Whether you choose one of the ERP giants or a more industry-specific option we understand integration is a complex task. That’s why our expert team handles it all for you. You can focus on growing your business while we take care of the technicalities.

We’ll simplify importing and exporting data between your cloud-based or on-premises ERP solution and B2B ecommerce platform. You can maintain accurate and up-to-date product information, inventory levels, pricing, customer data, and order details. You’ll minimize manual data entry throughout your operations and deliver reliable and accurate customer service.

Find out how to simplify, save and scale B2B operations in the technology industry with Cloudfy and ERP integration. Contact us today.

Frequently Asked Questions

ERP systems help you respond more quickly to market changes, which is important in the fast-moving technology sector. An ERP system is designed to streamline management of your business finances and resources. When you implement an ERP system you’ll have real-time analytics to improve your decision making and support business growth. With integrated project management and control you can improve customer engagement and deliver seamless customer experiences.

The technology industry is part of the transformation landscape for all businesses. Innovation and change are part of your everyday operations. This means you must be ready to respond to change at the right time and in the right way.

An ERP system collects and analyzes business data from across your organization in real-time to provide operational and market insights. This helps you to reduce costs, integrate processes and improve communications. Better access to data builds stronger relationships with your customers and suppliers. Your business becomes more agile so you can keep pace with your customers’ needs and expectations.

You can also streamline supply chain management processes including procurement, production planning, scheduling and inventory management. You’ll reduce lead times, improve quality, and minimize costs.

Popular approaches to ERP implementation range from a single company-wide launch to a step-by-step approach according to your business needs. You might choose a solution in the cloud, an on-premises option or go for a hybrid approach.

The first step is to analyze what your business needs from its ERP system, now and in the future. This helps you choose the right ERP solution and the best implementation approach. You’ll also need to take into account your current IT infrastructure and in-house expertise. To keep everything on track you’ll also want effective quality control, key performance indicators (KPIs), and regular reporting.

One of the important benefits of an ERP system is that all your important data is in one place. However, data conversion from multiple existing systems is often one of the biggest challenges. You’ll need to merge and deduplicate your records and check them carefully. If you choose in on-premises solution you’ll need to consider purchasing new servers and workstations alongside connectivity and security. You shouldn’t underestimate the importance of explaining the benefits of change, user training and organization-wide adoption.

Yes, you can centralize data and processes in your ERP system. This reduces manual data entry and minimizes repetitive administrative activities. Automation and integration improve business workflows, reduce errors, and speed up decision-making. Overall, you’ll make much better use of your resources.

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Future Proofing your B2B Ecommerce Strategy in the Technology Industry https://www.cloudfy.com/articles/future-proofing-your-b2b-ecommerce-strategy-in-the-technology-industry/ Wed, 10 Jul 2024 14:21:40 +0000 https://www.cloudfy.com/?p=56020 The technology industry has always been at the forefront of major business innovations. It advances new developments and changes operations across almost every business sector. Very few people who now use services in the cloud would look back fondly to … Read More

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The technology industry has always been at the forefront of major business innovations. It advances new developments and changes operations across almost every business sector.

Very few people who now use services in the cloud would look back fondly to the days of on-premises mainframe computers. Artificial intelligence (AI), the Internet of Things (IoT), robotics and process automation have all driven improvement.

This year global spending on technology is expected to reach US$5trillion. Despite this outlook the sector must still address challenging market conditions.

Cloudfy is purpose designed to meet the needs of complex business to business (B2B) sales. It empowers manufacturers, distributors and wholesalers to thrive online.

For almost a decade the team at Cloudfy has refined the platform’s extensive pre-built features, integrations and extensions to meet B2B ecommerce needs for the technology industry.

Because Cloudfy is a software as a service (SaaS) solution it’s all available for a monthly subscription without hidden fees. Unlike other ecommerce platforms, Cloudfy is a one-stop-shop for B2B online sales. You don’t need to look for third-party solutions to meet your unique requirements. All your needs are met from custom development and site set up to hosting and security.

Technology Industry Challenges Overcoming Innovation Barriers and Navigating Cybersecurity Risks

Technology industry challenges

Both innovation and disruption are unavoidable in the fast-moving technology sector. However, many business owners are uncertain about how they can make best use of their limited funding and resources.

Global tensions and regulatory challenges have made investors and stakeholders uncertain. Adoption of emerging technologies has slowed and some businesses are looking for ways to save money and scale their operations. However, there are some significant trends.

Artificial intelligence

The impact of artificial intelligence or AI is changing the technology industry. AI can drive automation, personalization, and predictive analytics. Its influence is felt everywhere from customer service chatbots to autonomous vehicles. Industry sectors including manufacturing, healthcare and finance have grasped AI’s potential. Most importantly, AI can generate valuable insights from very large data sets. It can identify trends and correlations and support data-driven decisions in uncertain times.

Cyber security

Cybercrime is rife and the threat is increasing. Around the world it’s expected to cost US$9.2trillion this year. Data breaches, ransomware attacks and supply chain disruptions all cause major problems. However, many companies still underestimate the importance of cyber security. Any touchpoint with the internet represents a potential risk. Robust security solutions are a requirement across the technology industry. Measures include detection, prevention and automatic measures to ensure good security practices.

Investment

As well as AI and cyber security, distributed processing using edge computing is attracting investment. Users can analyze data closer to its source using smart sensors and local servers instead of centralized data centres. Processing is faster so real-time decision making improves. Companies can save money and reduce security risks too.

Resilience

Around the world business owners and leaders must understand rapidly evolving and complex technologies to make strategic investment choices. Technology providers need to help by providing useful information to help make the business case.

Technology industry B2B ecommerce strategy

Your technology industry B2B ecommerce strategy

More than half of enterprises plan to increase their technology spending on solutions from connectivity to end-user devices. However, despite prospects for significantly increased sales across the technology industry there are still major challenges. Here are just some of the areas where a well-defined B2B ecommerce strategy can help future proof your business.

Customer experience

Many businesses have been cautious about their technology investments but they’re still searching for reliable information to help their decision-making. Your website isn’t just a place to showcase your product range. B2B buyers want to find key technical data, request quotes and purchase easily online.

Providing the depth and breadth of content to meet a wide range of procurement needs is essential. It’s your first opportunity to show your customers you understand them and can meet their needs. Prioritizing customer experience will help to satisfy their preferences and expectations.

Compliance

Technology businesses invest a lot of time and money in meeting data protection and privacy regulations and industry-specific requirements. As well as privacy and security there are also international, intellectual property and legal considerations.

It’s complex and evolving all the time, along with the latest innovations in tehcnology. Failures can lead to penalties and fines, so you need to operate with confidence. By integrating your back office systems and your B2B ecommerce platform you can automate key workflows. You’ll minimize errors due to manual data entry and speed up processes. Most importantly, you’ll always have the latest and most accurate information.

Budgets

Finding solutions that meet their needs and fit their budgets is a key part of the B2B buyer’s role. A fast and effective configure, price, quote (CPQ) option on your B2B ecommerce site improves conversion rates. You’ll help your customers to establish their return on investment (ROI) and meet their strategic requirements.

Procurement

Your customers often order the same products again and again, sometimes adding an extensive list of stockkeeping units to their baskets. You can become part of their procurement solution with PunchOut, electronic data interchange (EDI) and easy Excel and email reordering.

Simplicity

Like many other industry sectors, there’s probably strong competition for the brightest and best talent. That’s a risk for your business and it’s costing you time and money. By choosing a B2B ecommerce solution in the cloud you can reduce your reliance on in-house technical expertise. Ease of use means more people can contribute to delivering valuable and useful content that drives sales. You can then focus your resources on other important areas of your business

EuroNetwork is a leading manufacturer and supplier of cable assemblies and wiring. Their products include HDMI cables, wall plates, cable and wire harnesses, custom telecommunications wiring and panel wiring. Their B2B customers include construction companies working on large scale projects. They also sell directly to consumers (D2C) purchasing items for their personal use. Read More 

EuroNetwork case study - Cloudfy B2B ecommerce integration success

Future proofing your technology business with Cloudfy

Global demand for analytics, communication and automation is driving growth in the technology industry. B2B ecommerce solves many of the challenges you face and helps minimize the bottlenecks that can slow business growth.

Cloudfy is easy to use and purpose designed for complex B2B sales. You can simplify and streamline workflows and save time and money with business systems integration. Most importantly, you’ll improve customer experiences by providing high quality product information, specifications and technical data. You’ll deliver fast and efficient solutions to your customers’ procurement needs with automation, reliable inventory information and accurate pricing.

Find out how to future proof the B2B ecommerce strategy for your technology business with Cloudfy. Book a free demonstration today

Frequently Asked Questions

The first important step is to understand your customers’ needs and your business requirements. The next stage is thorough research of the options available to you. You’ll want to know which solutions deliver great customer experiences and fit with your business plans. Integration, timescales, development costs, security and scalability are important considerations. You’ll have a budget in mind, but you must also think about the total cost of ownership, including maintenance, hosting and license fees. If you have specialist requirements you might also have additional costs for customizations or extensions. Above all, you’ll want to choose and implementation partner with a strong track record and commitment to your business success.

 

Ideally you can implement your ecommerce solution quickly and still have flexibility to innovate and change to meet your needs. Simple content management and product information management tools make it easy to create high quality content. Integration with your back office systems keep things running smoothly. You can automate processes, reduce manual data entry errors and share information. Most of all, you can make sure you’re always following the latest ecommerce best practices.

Yes. More and more B2B buyers use smartphones and tablet devices to research products and buy online. Your website needs to perform as well on these devices as it does on a desktop PC. Increasingly, buyers also use online apps for easy reordering, to create favorites lists and to check their account status. A Cloudfy site is responsive on mobile devices and comes with a customer ordering app too.

 

Scalability is an important consideration. You have invested time and money to choose and implement your ecommerce solution. You’ll want to know it can grow with you. A software as a service (SaaS) solution like Cloudfy can scale to meet peak demand. It can also keep pace with growing order volumes. It’s a future proofed solution for your online sales.

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