Top 5 SaaS Solutions That Are a Must Have for Your eCommerce Business
Contributed by TradeGecko.
You’re probably constantly looking for ways to improve your eCommerce store. If you’re considering software as a service (SaaS) products, focus on those that solve your most important needs first. Here are our top picks for SaaS products that will enable your eCommerce company to run more effectively.
1. Get the right eCommerce platform
There are so many spaces online where you can set up shop. Ideally, though, you want a place that allows you to customize the store, integrates various marketing channels, and has simple and inexpensive pricing models. If you’re looking for a platform that is able to do all that, you might be interested in Shopify, a tech startup out of Ottawa, Canada. The company is recognized as one of the best eCommerce platforms for businesses looking to sell online. In addition to all those capabilities, the platform also has software that tracks customer behavior for you. Shopify provides you with the tools to start your eCommerce business, but as you grow, you may find yourself looking for more specialized software to help you scale up your business.
2. Handle accounting tasks quickly and correctly
If money is a headache for your eCommerce business, know you’re not alone. In fact, it’s one of the most common problems for small businesses. That’s why having software like Xero, an online accounting service, is a must. Able to perform invoicing and quotes, bank reconciliation and inventory tracking, Xero presents you with a very clear picture of your current financial health. And that’s vital to making lots of decisions for your business, from whether you need more capital or should hire more workers, to learning where you can cut down costs.
3. Manage your inventory and orders seamlessly
You may have lost track of orders,run out of stock, or improperly issued an invoice in the past. Such mistakes will cause problems for customers, and it’s probably due to data disconnect and inefficient inventory management systems, which cause about 60 percent of such inventory and order issues. To make sure these problems don’t occur again, utilize a connected inventory management solution like TradeGecko. The software manages all your inventory in one neat place, providing end-to-end integration across the supply chain. TradeGecko also lets companies easily create quotes, orders and invoices, as well as sync orders and products across multiple sales channels. All of that not only equals greater operational efficiency and more time to focus on your customer, but also gives you unified data reports to make decision-making easier.
4. Fulfill orders efficiently
While many businesses choose to handle their own logistics at the start in an effort to save money, it’s best to use services that can help you make your shipments run more efficiently, especially if you wish to expand your business. In the end, it will make your logistics operations more cost-effective, as you’ll spend much less time and resources handling orders and shipments. Star ShipIT is fulfillment software that can handle the needs of your growing business unlike any other. The platform integrates with all major eCommerce sites, and even allows you to select your favorite carrier. Even better, you can fulfill orders right from the Star ShipIT app with just a few taps. The automation makes completing orders—and satisfying buyers—a breeze.
5. Prepare for the future with proper forecasting
How do you get your business ready for tomorrow? You predict what the future will bring and prepare accordingly. It’s no surprise big data is very important to business operations, and its role will only continue to increase in the coming years. Lokad is a SaaS product that digs through your data to give you future predictions on inventory quantities and other business needs. That gets rid of the pain of manual calculations, giving you clean and easily digestible insights into how your online store can take the next step.
The Bottom Line
With so many SaaS companies out there catering to eCommerce businesses, it takes is a little research to figure out which ones can help make your online store a success. If you’re looking to optimize your eCommerce business, these five SaaS products are all affordable options that offer plenty of benefits.
TradeGecko offers cloud-based inventory and order management software for modern merchants, with all of your inventory, orders and customers accounted for in one place.