What is eCommerce software?

E-commerce software is the backend of an enterprise’s online store. It empowers enterprise owners to simply create a website to sell products or services, manage stock, accept and process payments, and deal with success. This software is often cloud-based and helps third-party apps, making it doable to integrate accounting, customer administration and stock software into the solution. The concept behind an e-commerce solution is to make it simple for anybody to begin promoting online, whether you’ve ten products or 100.

Key takeaway: E-commerce software is the engine of an online store, working behind the scenes to handle orders, stock, funds and transportation.

What does eCommerce software do?

E-commerce software is designed to handle all elements of operating an online store from one dashboard. These e-commerce platforms have developed over time, offering enterprise owners lots of worthwhile options. Here is a take a look at 5 of them.

  1. Manage products: An enormous advantage of using e-commerce software is the convenience in which you’ll add and remove products from your online store. The Odoo E Commerce software is designed to manage SKUs — together with sizes, colours and portions — updating obtainable portions mechanically as orders are available in and products are shipped out. There’s also the power to get a deep view of how products are selling and what inventory looks like for the year or a moment in time.
  2. Built-in order administration: The quickest method to lose a customer is to take too long to get the product into their palms, which is why environment-friendly order processing and delivery is important. Odoo E Commerce software tracks and manages orders from once they’re placed to once they land on the shopper’s door.
  3. Handles the details for you: Whether you should calculate taxes, print a delivery label, or monitor an order, e-commerce software is up to the task. The software is built to deal with all elements of operating an online store, together with notifying clients of the order’s status.
  4. It speeds up checkout: Speed is of the essence when promoting merchandise online. If a buyer has to undergo a sluggish and clunky check-out course of, they’re extra prone to abandon the sale. Most cloud-based e-commerce software program has streamlined checkout types that make it as straightforward as doable for patrons to finish their purchases.
  5. Built-in advertising and marketing and search engine marketing instruments: Many e-commerce software program purposes have been developed with SEO and social media in thoughts. Developers know the higher an enterprise reveals up in search, the higher its gross sales might be. To assist small business owners many e-commerce software has built-in search engine optimization and advertising and marketing instruments, rising the probability your product will present up larger in search.

Key takeaway: E-commerce software contains an online store, stock and order administration, speedier checkout, and access to advertising and search engine optimization.

Types of e-commerce software

When it comes to e-commerce software, there are numerous vendors but only two types of software: on-premises and software as a service or SaaS.

  • On-premises: On-premises is an e-commerce software that’s installed in your servers and managed on-site. Typically, you will buy a license for the software upfront and pay for annual updates, although some vendors provide updates and upkeep packages for an additional payment.
  • SaaS: This is a software program that is hosted in the cloud as an alternative to the retailer’s location. All updates, fixes and new releases are done mechanically. Instead of buying a license for the software, you pay a subscription payment to use it. Most have month-to-month plans, but many offer a reduction in case you subscribe annually. SaaS is enticing to companies because it tends to be cheaper upfront and fewer time consuming to arrange and maintain.
Author's Bio: 

Business solution-centric Odoo Consultant and IT professional with about 11+ years of experience spanning Odoo delivery, Sales, pre-sales, Odoo product development, Odoo business consulting, outsourcing & ADM services in leadership positions.

• Has headed Practices for Enterprise Solutions ( SAP, Baan & Odoo )

• Experience across domains likeSales and Marketing, Logistics, Manufacturing, Retail, Chemical, Automotive maped to Odoo

• Extensive experience in large program delivery & business process transformation consulting (Odoo Consultant) for multiple programs

• Demonstrated experience in designing new product & service offerings and executing global Go-To-Market strategies for new offerings for new market penetration

• Proven leadership skills with balanced focus on people, processes & technology

• Pioneered the use of ERP systems in various Processing Industry

• Worked as Process Heads of Marketing, Sales, Purchase, HR, ERP Project deliveries and also worked as Business Heads for many companies like IBM, JKT, Denave India, FCS and presently at Apagen