Vital Tips to Increase Your Online Sales Amid Fathers’ Day!

Vital Tips to Increase Your Online Sales Amid Fathers' Day!

Fathers' day is celebrated in many countries of the world on the third Sunday of June every year. This year, it falls on June 19th, and amid this day, eCommerce websites have started a buzz around to make the most of this day. Like any other Indian festival, this day is equivalently essential; after all, it is the day to show your affection towards your Father. The significance of this day is relatively high in Indian paternal society. So why not take advantage of this day to upsurge your online sales. Although, this is such a date that many eCommerce sellers must have prepared for, which has intensified competition. All have their unique strategy to attract more customers and increase their sales.

That's why it is crucial to have considerable competitive ideas to take advantage of this day efficiently. In this regard, you need to update your inventory, accelerate your shipping and delivery system, and be prepared for the returns as well. To get the requisite benefits of this particular day, you can take the help of several eCommerce order management software such as eVanik OWS. It can help you in processing your orders smoothly along with other operational activities in a seamless manner during this occasion. In this blog, we have mentioned some of the vital tips that can help you increase your sales during the Fathers' Day celebration.

Significant Tips to Enhance Sales Amid Fathers' Day Celebrations

We all behold the heroic image of our Fathers, which automatically raises Fathers Day's importance. Fathers are the ones who devote their everything to the betterment of their children. So this day is considered a payback day for Fathers. As an online seller, you can convince the customers to make the best purchase for their birth giver. It is that time of the year when you can sell Father-centric products and increase your sales abruptly.

Create a Buzz of Urgency

It is easy to create a buzz of urgency amid Father's day celebrations. You need to remind your customers that the day is fast approaching. You can start with the promotions early to encourage customers to get into the mindset and prepare their orders as early as possible. You can promote several products on your social media pages under the label best gifts for fathers. Promote your products in such a way that they will be out of stock soon as many customers have their eyes on them. You must have seen these tactics on Myntra during the sales season. They have a unique feature that shows an accurate number of customers viewing the specific product at a time. Use such tactics to create the urgency of placing an order as soon as possible. It can work magically on customers, and they may place their orders. You can also run special offers throughout the weeks leading up to Fathers' Day. This gives customers enough time to make a purchase. It is a unique way to attract customers and increase your sales.

Always Keep a Check on Your Inventory

If you want to make most of this day to upsurge your sales, you must stock up your inventory. As an eCommerce seller, it is essential to be aware of your inventory to accelerate order processing and satisfy your customers. You must understand that you are not the only one who is trying to capitalize on this event. Various other sellers are there in the queue. That is why you need to always keep a check on your inventory to ensure whether you can fulfill the demand of your customers or not. Poor inventory management can minimize the chance of generating ample revenue. It can lead you to the situation of Oos (out-of-stock). Suppose if a customer experiences this situation while placing an order, it can break their trust in you. They can even run to your competitors to buy the same product. However, it is not an easy task to keep an eye on your inventories across channels. To automate this process, you can take the help of some inventory management software such as eVanik. It provides you the automation to view your inventories in a single dashboard and manage them effortlessly. It notifies you every single time a product gets out of stock. Hence, there is no chance you can miss out on this aspect.

Showcase Your Products as the Best Gifts

Be it Father or any other relationship, deciding on a gift for loved ones is always a task. It automatically allows you to offer your products as the best gift. To attract the customer's attention, you can choose several products such as a wallet, personalized pen, coffee mugs, perfumes, personalized diary, personalized bar set, etc., to sell. Now add an attractive description and title mentioning the best gift for Fathers' Day. In the fast-paced world, customers are running out of time, and in the lack of time, there is a probability that they can buy your products in the first place. Offering them customized or personalized gift items are keys to making most of the Fathers' Day celebrations 2022.

Offer Faster Delivery Than Ever

The enormous eCommerce business has become more competitive for sellers, especially during special days. It demands faster and more efficient delivery. That is why being an online seller, you need to find compelling ways to execute the faster delivery. The promise of a speedy delivery can convince your customers to buy your products without a doubt. Now the real challenge for you is to fulfill the orders by the promised time. To minimize this hustle, you can take the help of order management software. It can select the warehouse or some other destination right after placing an order. It also has the feature of extracting the order details and previous history to mandate the process of order fulfillment. You can keep an eye on every movement of orders after shipment and update your customers at their locations. In such a way, you can deliver the orders at the promised time and add more happy customers to your list.

Conclusion

Thus, these tips can help you increase your sales during the Father's day celebrations. To apply these tips accurately, you can take the help of order management software such as eVanik. It automates the entire process and diminishes the chance of failure. Apart from this, you must select some unique products to sell on Fathers' Day. Customers always are in favor of buying something different, and offering them as per their demand can undoubtedly help you increase your sales. This particular day is about to fall, so gear up and make a compelling strategy.

Multichannel Order Management System Features for eComm

Required Features of Multichannel Order Management System for eComm Business!

The rapid growth of your business can be challenging because growth comes with challenges. Attaining a suitable support system in place can make eCommerce operations more manageable than ever. Multi-channel order management is one of the requisite support systems that can help your babu business flourish in the highly competitive online business world.

This support system is how retailers keep all of their orders and inventory control from multiple eCommerce channels under one panel. Multi-channel order management solution helps streamline ordering, fulfillment, shipping, pricing, warehouse management, and many other processes across eCommerce channels. It would be a real pain to keep track of online orders and inventory from each marketplace separately without a multi-channel order management system, especially when there are so many selling platforms available. However, there is various multi-channel order management software available there, but you need to select a robust one to maintain the accuracy of your eCommerce business. This blog is based on the information you need regarding the required features of MOM. Before acquiring one, let’s find out what features you need to look out for in a multi-channel order management system.

Obligatory Features of Multichannel Order Management System

Selling your products on various eCommerce platforms is imperative to earning desired profits. But along with multi-channel selling, your business requires an advanced multi-channel order management system with enormous features. Let’s find out what are those key features that should be there in a multi-channel order management system.

Hassle-Free Integration with Multichannel

Every multi-channel management system should connect to all the eCommerce websites on which you are selling your products. Seamless integration ensures a seamless workflow of eCommerce business. It helps you manage the order from every channel in one panel. It can help in enhancing the workflow of order processing. Individually handling the orders of each website is time-consuming and can include several errors. But taking the help of an incredible multi-channel order management system can provide you the compelling facility of managing the orders from several websites in one place. It streamlines the checkout process for customers as well.

Impeccable Inventory Management

Poor inventory management can abrupt your online sales pattern across multiple eCommerce platforms. It is one of the compelling challenges of the order management process. It could be problematic for you to manage and forecast the inventories of various platforms single-handedly. There are chances you may experience the situation of overstocking and out-of-stock products. You may run out of stock when you need it the most. It can affect the trust of your customers and ultimately affect your sales. Your inventory should always be up to date to never miss a chance to provide a tremendous shopping experience to your customers. In this manner, you can take the help of a multi-channel order management system. Some software, such as eVanik, works as a multi-channel order management system and automates the entire process of managing your inventory in an impeccable manner.

Automated Order Fulfillment Option

Delivering orders to your valuable customer should be the fastest and most error-free process, and it requires an automated order fulfillment option for that. A multi-channel order management system should be able to automate order fulfillment based on the workflow of your eCommerce business. For instance, it should be able to automatically process the fulfillment process right after a customer places an order. Multi-channel order management software such eVanik can help you with efficient order fulfillment.

Easy Integration with Multi-Channels

East integration is an essential feature of any multi-channel order management system for eCommerce. As a seller, you will definitely sell your products on multiple marketplaces to let your business survive. So it is essential that your Mom can get integrate with all the eCommerce channels you are associated with. Integration can help you gather the essential information and data from all your selling channels. You can effortlessly manage your multiple orders, inventories, payments, shipping, ad returns through an integrated order management system. Software like eVanik provides you with this excellent facility of integration with multi-channels.

Minimizes the Risk of Human Errors

In the process of managing the orders, you may experience some problems that may appear due to human errors. If you are still managing your orders manually, you may experience several errors in managing your orders and inventories. Errors may occur in the process of order picking, packaging, and shipping as well. Thus, a multi-channel order management system should have an advanced automation feature that can automate your entire system and minimize the risk of human errors. The automated system eradicates the manual work and manages the orders and other aspects of online business. In this way, it can help you never dissatisfy your customers as well.

Automation in Workflow

Automation is changing the world frequently. No work in the eCommerce business can get done without the help of automation. It is a crucial requirement of any multi-channel order management system. It should be able to automate the workflow of your eCommerce business efficiently. It takes over the time-consuming operations of online business and allows you to focus more on those aspects that need a human touch. You can effectively manage the workflow automation on your various eCommerce platforms to build a seamless omnichannel customer experience. The enormous integration of workflow automation in your order management software diminishes errors and accelerates order processing. It assures speedy order fulfillment with accuracy to your valuable customers.

Conclusion

Thus, now you get to understand what are the required essential features for the multi-channel order management system. It must have the above features because there is no use for a multi-channel order management system for your eCommerce business without them. Advanced Mom software is the need for a modern-era eCommerce business. It can help you provide your customers with the fastest, most customized, and error-free online shopping experience. As an online seller, you constantly need to focus on the speedy delivery of products to the preferred locations of your customers. You need an advanced multi-channel order management system to execute this entire process effectively. This type of software must have step-by-step integration ability with multiple selling channels. In this modern tech-friendly industry, you need to manage your orders robustly to fulfill your customer’s requirements as fast as possible. The incredible features of a multi-channel order management system can let you survive in this competitive market. With the help of this compelling software, you can be able to provide an outstanding shopping experience to your customers. Ultimately, it helps add more value and profit to your eCommerce business. Hence, you can take the help of eCommerce order management software such as eVanik to add more profits to your business.

Considerable Elements of Multiple Warehouse Management System!

Considerable Elements of Multiple Warehouse Management System!

The eCommerce industry is evolving immensely, but some aspects of this business have not yet changed, and one of them is inventory. As a modern-era seller, you may find it challenging to manage the inventory, but sellers have been dealing with this since the origin of this enormous business. If we talk about the global eCommerce sales, it was around 4.9 trillion USD and is expected to reach 6.6 trillion by 2024. From groceries to medicines, everything is sold online today. Customers are also learning t buy various products online; they expect variety, good products, and quality service.

The market demand is growing exponentially, and that is why you need to establish new marketing and sales channels. Competition is exceptionally high, and you can’t afford to lose a single customer. To let your business survive in this competitive world, you need to make a robust presence in the eCommerce market. To initiate that successfully you need to set up multiple warehouses. It can accelerate the order processing and help you in generating more profits. This blog has mentioned some of the considerable elements that you need to keep in mind while selecting a multiple warehouse management system.

Substantial Factors of Multiple Warehouse Management System

If you are going to opt for multiple warehouse management, you will undeniably require a warehouse management system that helps you automate the several essential aspects of WMS. However, before selecting one for you, it is vital to consider some of the compelling factors about this system.

Centralization of WMS

Centralization is one of the most important factors of multiple warehouse management. It effectively automates the inventory flow across various warehouses and enables you to manage the orders of multiple eCommerce channels with superb efficiency. That is why a multi-warehouse management system should have the exceptional feature of centralization that can manage your inventory in a well-organized manner. It can save you from excessive and out-of-stock situations. The centralized control can allow you to route your stocks from overstocked to stock-out locations. It ensures minimum delays in orders and cancellations because of the tremendous operational efficiency.

Real-Time Updates

To keep yourself updated on all the happenings of the warehouse network, you need real-time updates. Specifically, you need this update to manage your inventories across multiple warehouses. It will help if you keep a vulture eye on which product categories are in stock and what are not. This practice is required essentially during the festival season. Real-time updates can enable you to generate customizable reports to analyze the status of your inventory stocked at various warehouse locations. A multi-warehouse management system can help you to achieve this quickly. Multichannel order management software such as eVanik can let you manage the inventories across multiple warehouses. It effectively works as a multiple warehouse management system.

Shipping integration

Shipping and logistics are part of your eCommerce business that requires a substantial operational cost. Multiple warehouse management can work effectively if your system integrates with the shipping part. In the process of doing so, you can take advantage of their existing logistic network and shipping efficiencies without over-extending your resources.
Moreover, strategic integration between warehouse and shipping sources can rapidly accelerate your order fulfillment process and reduce information duplication within the system.

Liability of Quality Control

The products you stocked up in the multiple warehouses are prone to damage, theft, and desuetude. In any circumstances, if you deliver such products to your customers, they would be forced to return the product and can even leave a negative review for you. To escape such a situation, you need to thoroughly check the quality control level of the warehouses whether they maintain the health of your inventories or not. With advanced barcode-based inventory management, this can be implemented easily in multiple warehouses and too on a minimum additional cost. In this way, you can efficiently save a lot on returns and make your customers happy and delightful.

Returns & Refund Management

Products returns and refunds are an imminent part of the eCommerce business. If it gets avoided can drastically reduce sales and impact the overall performance of your online business. To resolve this significant problem, you need a supportive hand. eCommerce order management software such as eVanik can work as a multi-warehouse inventory management system and provide a return reconciliation facility. An ideal WMS must have a systematic log facility to manage every return and refund the customers accordingly. Throughout this process, you can also be able to receive the customers’ shipping behavior insights that can help you in eradicating the returns in the future.

Apart from these crucial factors here, we have mentioned several quick points that can easily make you understand what you should consider while choosing a multiple warehouse management system.

  • It should provide real-time insight into your inventory and product availability.
    Should be able to manage and monitor the eCommerce order fulfillment process, from the manufacturers to the distribution center.
  • It should be able to forecast the inventory and send alert notifications in case of Oos(Out-of-stock).
  • It should have streamlined the eCommerce fulfillment process and made your eCommerce operations more effective and effortless.
  • WMS must have the integration ability with your internal system.

Based on these practical elements, you can choose any multiple warehouse management software. Warehouse management software must have the above facility because these are essential for the success of your online business.

Conclusion

In the end, it has been clear that you should excellently manage your multiple warehouse network by considering the above factors before selecting any multiple warehouse inventory management software. Via intelligent automation, notification, and integration, you can use such software to scale up your eCommerce business as well as consistently satisfy your customers. If your goal is business expansion, you must go ahead with the multiple warehouse management system. It can help you appropriately manage the overall business but also helps you in increasing your customer base. All these factors ultimately will help you in generating significant revenue. eCommerce order management software such as eVanik can skillfully provide you the multiple warehouse management facility. It can let your business grow in many terms and automates almost every aspect of your online business.

Key Factors to Intensify Your Multi-channel Sales Strategy!

Key Factors to Intensify Your Multi-channel Sales Strategy!

The eCommerce industry is open to selling diversified products, and automatically it helps upsurge the sales drastically. The extensive growth of the eCommerce industry with a solid customer base provides sellers an immense opportunity to expand their sales. The primary key factor to increasing online sales depends on product quality, presentation of the products, and campaigns. Advertising and campaigns are compelling ways to intensify sales on various eCommerce channels.

Undeniably, you are on this platform to attain good revenue by selling products of your choice. So you need to focus more on the factors that can intensify your multi-channel sales strategy in many ways. You need to apply some advanced techniques that can attract more eyes and eventually help in upsurging your sales. To ensure a good amount of sales conversion, you need to execute the order fulfillment process really well. In this manner, you can also take the help of some advanced eCommerce sellers software such as eVanik. In this blog, we have mentioned some of the essential factors that can help you intensify your multi-channel sales strategy.

These Factors can Help You Intensify Multi-Channel Sales Strategy.

It will be difficult for you to survive in this industry by selling your products on one particular eCommerce channel as a seller. That is why it is important to use the multi-selling strategy. However, it is not that easy to earn the expected profit via the multi-channel sales strategy. You need to pay more attention to all the critical factors that can help you increase sales.

Measure the Performance of eCommerce Platform

In this factor, you need to deal with eCommerce channel-wise sales in an excellent way to manage the sales metrics more effectively. In terms of sales management, you must look into the data collection and understand the strategy that works to upsurge the sales in the eCommerce marketplaces in a gigantic manner. Several deals that you need to be compared with other sales are generated several orders, generated revenue, and customer base. These factors can quickly help you measure the sales performance of multi-channel eCommerce websites. It is one of the tremendous ways to select the best channels for your online business.

Try to Minimize the Cart Abandonment Rate

Once you get to resolve the cart abandonment rate is an extensive way you will be able to accelerate the sales on various eCommerce platforms. However, cart abandonment is a serious problem that every seller faces these days. But you need not get upset about it as it can be the choice of your customer due to several reasons. All you can do is try to reverse the cart abandonment rate into the sales conversion by sending a notification about it to your customers. You can even offer them an excellent deal to get convinced to complete the purchase. Apart from this, you can even generate a pop-up message requesting your customers to complete the purchase. These tactics can help minimize the cart abandonment rate and automatically increase your sales revenue.

Monitor the Customers' Experience

To intensify your multi-channel sales strategy, you need to monitor the overall shopping experience of your customers effectively. Not just on one platform, but you need to monitor the customers' experience on multiple platforms. For example, if you are selling your products on Amazon and Myntra, do not just monitor the customers' experience on Amazon only but the Myntras'. This tactic can quickly help you understand your customers' demands and shopping behavior. Based on that, you can efficiently sell your products according to their shopping behavior, and it will help you attract more customers. In the end, more customers lead to more sales.

Multi-channel Inventory Management

Inventories are the most crucial factor in an eCommerce business. Agile inventory management can lead you toward a successful online business. However, it can be challenging to manage the multi-channel sales inventory. But without enforcing that, you can not be able to intensify your multi-channel sales strategy. That is why you need to take the help of an advanced eCommerce inventory management software. It can help you in managing your inventories across multiple channels. It will keep you updated on what product is available and what is not all over the eCommerce website. It will never let you face the situation of stock unavailability and thus helps in intensifying the multi-channel sales strategy.

Multi-Channel Data Centralization

One of the essential factors is that managing the data through a single panel is way more accessible than managing the multiple dashboards for multiple eCommerce platforms. Individually logging into various platforms and managing their data could be a frustrating task. But with the help of centralized data software, you can easily monitor the multi-channel data in a single panel. It will save your time and energy and let you focus more on your business strategy. Through a multi-channel data centralization facility, you will be able to manage the multi-channel inventory under one roof. Data centralization can help you make decisions based on real-time data information. In this way, it can also let you intensify the multi-sales strategy.

It is also vital to choose the right eCommerce platforms to execute the multi-channel sales strategy robustly in this varied process. There are many eCommerce websites available today, and you simply can not sell your products on every eCommerce channel; that's why it is crucial to choose the right ones. However, Amazon, Flipkart, Myntra, Ajio, and Meesho are some of the best options for selling your products. You can effectively sell your products on these platforms without any hassle, and in return, it can provide you with decent revenue.

Conclusion

Multi-channel sales strategy works when you have those techniques that can help you manage sales across multiple eCommerce platforms. However, for the success of this process, you can take the help of eCommerce seller software such as eVanik. It can help you in executing the multi-channel sales strategies successfully. Managing the data of multiple eCommerce platforms can enable you to implement various sales strategies. By using them technically, you will be able to generate handsome revenue from every channel. However, it is not an easy task to attain that, but a little push and good management can help you reach your goal.

Enormous Ways to Choose the Best Oder Management Software!

Enormous Ways to Choose the Best Oder Management Software!

In the eCommerce industry order management system is essential for sellers to manage their orders expertly. One of the essential eCommerce business processes effectively helps in order fulfillment. It automates and streamlines the overall online order management process for you. Best order management software provides accurate inventory data in real-time and saves you from the horrific situation of Oos (Out of stock). OMS is vital to get a comprehensive database of your customers, including a detailed record of their returns and refunds.

The order management system productively keeps track of all your online orders and manages the inventory accordingly. Although if you are not using a compelling order management software, you may experience significant errors in the process of order fulfillment. Executing this process manually can lead you to the level of delivering disappointment to your valuable customers. Customers' expectations are pretty high, and they can't accept any errors from your end. To ensure that you select a robust order management software such as eVanik, never disappoint them in that terms. However, in this particular blog, we have mentioned some of the enormous ways to select an impeccable OMS for your eCommerce business.

Considerable Ways of Selecting a Tremendous OMS

In this fast-paced eCommerce business, online order management software is designed to abruptly fulfill orders among the various eCommerce channels you are selling your products. Your online business can not sustain itself without integrated order management software in this competitive industry. It is important for you to stop your customers from thinking that your service is slow, outdated, or not up to the mark as others are. To save yourself from getting into this situation, you need to add advanced order management software to your business. It will enhance your customers' experience and prove to be a cherry on the cake. There is numerous order management software available in the market, and it could be difficult for you to identify the right one for your business. However, here we are mentioning some considerable ways that can help you select the right OMS according to the nature and requirements of your business.

Smooth Integration with Internal System

It will help if you consider an essential aspect before choosing an order management software for your online business. It must have the integration feature and should integrate with your internal system. However, some OMS can significantly integrate with your accounting, inventory, and shipping management. Easy integration assures that OMS will work efficiently and seamlessly. It also eradicates the risk of human errors and business failure. That's why you must consider this feature before subscribing to any order management software. OMS like eVanik has a specific integration feature with your internal system so that you can go for it.

Effortless Inventory Management

Inventory management is a vital part of the eCommerce business. That's why you must look for such an order management system that should have the animated feature of managing your inventories. It should have the ability to manage the multi-channel inventory under one panel. Oms should work in such a way that you never get into a situation of out of stock. It must have the feature of automatically adjusting the inventory on multiple eCommerce platforms while you sell your products. An effective order management software can minimizes the risk of customer dissatisfaction by organizing your inventory correctly.

Sturdy Shipping Management

How much time your customer will receive your product depends on the impactful shipping management. It will help if you always look forward to constructing a robust shipping management system. As soon as your order volume increases, it will get frustrating for you to handle all the shipping requirements manually. That is why you need ultimate order management software that can help reconcile the shipping issues and accelerate the order fulfillment process skillfully.

Ability to Provide MultiChannel Management

The order management system you select should have the ability to integrate all your eCommerce channels into one user interface. That will provide you with a clear insight of data and the total number of orders and reduce mistakes by providing all the vital information you require in one accessible place based on real-time data. You should always consider an order management system that provides multi eCommerce channel management facilities. Monitoring the sales orders of various eComm platforms through one panel can make your life easier and also diminish the chances of errors. eCommerce order management software such as eVanik has the ability to provide multi-channel management in one single panel. It lets you smoothly handle the operations of the eCommerce business through one window.

Upswing the Scalability

Ever since the pandemic, this glorious industry has opened the door to opportunities for sellers. However, It is not always possible to keep upgrading to the latest version of order management software. Thus, while selecting an OMS for your eCommerce business, you must consider the long-term requirements. It will help if you go with such order management software that can upswing your order volumes with time. So, an advanced order management system can help your online business get flexibility and scalability.

Return Reconciliation

Since returns and refunds have become an integral part of the online business, you must consider an order management software that contains the feature of return reconciliation. If your business faces return every day, it can be difficult for you to keep track of those returned orders and update your inventory according to that. Advanced OMS software such as eVanik provides the uttermost feature of return reconciliation.

Apart from these enormous ways, the first thing you need to do while selecting an order management software is to identify the requirements of your online business. Once you figure out which aspects of the eCommerce process your business is lacking, you can start looking for the solutions. In this manner, you will be able you select the best order management for your online business.

Conclusion

Thus, many software is available in the market for eCommerce order management. But you need to select the best one for your eCommerce business; the right order management system for you could be the one that eliminates almost every manual process and saves your precious time. First of all, you should determine which part of your business you need to automate and invest in software that can effectively fulfill your requirements. Remember that order management software is the uttermost need of today's eCommerce industry. To provide your customers with the fastest, error-free, and customized order fulfillment experience, you must have one impeccable OMS. In this manner, eCommerce order management software such as eVanik can provide you with the ultimate services and help your business snowball.

Why Do You Require Accounting Software for eCommerce Business!

Why Do You Require Accounting Software for eCommerce Business!

While dealing in the eCommerce industry, you need to take care of your finances and manage your accounts successfully. Always keep in mind that you end up selling products online to earn some profits, and to keep that profit on track, you need effective accounting software for your eCommerce business. Keeping up on the books can be time-consuming and exhausting without dedicated eComm accounting software. If you are selling your products all over India, you have to track the taxes for every state, and it can be a full-time job by itself.

Mistakes and errors in accounting and taxes can negatively affect your business. If you think you can earn profits after skipping this step, let me tell you that you’re living in denial. There is no shortcut to generating revenue by skipping the accounting process. You have to go through this if you associate with any online or offline business. To maintain the perfect accuracy in accounts, you need to speed up your business’s accounting system. In this particular blog, we have mentioned the requirement of accounting software for an eCommerce business.

Significance of Accounting Software for eCommerce Business

The traditional way of doing the accounting part increases the chance of significant errors. That is why you need to take the help of integrated accounting software, as it is the only solution to all the manual accounting and financial issues of an eCommerce business. This industry is emerging rapidly. That’s why you need to be as quick and accurate as possible. Accounting software such as eVanik OWS takes over all the responsibilities right from reconciling payments and tally integration. Apart from that, it also provides the solution for inventory management, omnichannel order processing, and so on.

The Clarity in Financial Report

To have clarity on finances and visualize the bookkeeping, you need to have a chart or graphs. Accounting software for eCommerce businesses provides you the clarity to understand your business’s financial statements in real time. With a single click, you can get insights about all the individual orders and other expenses. This type of accounting clarity lets you consider your finances at any second rather than consulting with multiple accountants or waiting until the end of the month. It can help you learn essential information about your customers’ spending habits.

Hassle-Free Integration

Most eCommerce sellers use tally to manage their accounting part. Accounting software such as eVanik easily gets integrated with your tally prime and makes managing your accounts much more effortless. It provides you with a matching tool where you can match your sales tax report with the data integrated into tally prime. While using the accounting software, it won’t require you to install any third-party module in your tally prime because it is already integrated with tally prime through API. Apart from that, it minimizes the requirement of downloading or uploading any excel CSV (comma-separated values) files from various eCommerce marketplace seller panels.

Accuracy in Bookkeeping

It doesn’t matter how good you or your team are at doing the maths manually in the eCommerce business. We are human, and humans are prone to error compared to computers. You have to understand that integrated payment processing is more accurate in any individual transaction. To maintain accuracy in bookkeeping, you need to take advantage of any accounting software. It can also screen the errors across informational categories to maintain overall accuracy. To maintain the cash flow and grow your business, you must provide accurate bills to your customer on time. The best accounting software lets you automate the invoicing as well. You can also send follow-up reminders, create recurring invoices, and accept digital payments directly from the invoices.

Integration with eCommerce Platforms

If you sell products on various eCommerce platforms, you require accounting software for eCommerce businesses that integrates easily with multiple eCommerce channels. Entering every transaction and other expenses manually includes significant errors, which is time-consuming. However, the software integrates smoothly with various eCommerce channels to provide accurate financial information and data. The software that integrates with your banking system is something that all businesses find convenient for themselves. If you are dealing in the eCommerce business and selling products on various platforms, compelling accounting software with an integration feature is something crucial you should look for.

Three Tremendous Types of Accounting Software

Cloud-Based Accounting Software

This type of software totally relies on the cloud to keep all of your financial data in one place and provide you access to operate it from your computer and smartphones as well. Undoubtedly, it is convenient to access, but on the other hand, it does open up your data to potential hacking on the cloud. So, while choosing such software, you will have to check out the security they provide.

Cloud and Desktop-Based Software

This kind of software allows you to keep some information on the cloud and other essential information on your desktop. It can be much beneficial when you want to have some reports accessible online, but you don’t automatically want all of your business’s financial data on the cloud.

Desktop-Based Software

Desktop-based accounting software keeps all of your data rigidly on the desktop. Until or unless you export it and share it in some other way, you will not be able to access it on any available cloud networks. If you don’t want to take any risks while having your information hacked on a cloud, it will be an efficient and secure choice.

Conclusion

If you want to manage your online business’s finance efficiently, you must use accounting software for an eCommerce business. It will provide you with an instant overview of your profits and expenses, which ultimately helps you plan and fix a budget for your business. Besides this, accounting software allows you to analyze your financial data. This can make you streamline the whole eCommerce process, manage the inventory and develop intelligent pricing strategies. All of it can help you to stay competitive in the market. So, if you are convinced that you should use accounting software for your online business, why not consider the eVanik OWS. It provides you with all the essential services required for your online business. It provides you with the excellent feature of tally prime integration, Zoho books integration, Aligns books integration, and Quick books integration. Apart from accounting, it helps manage the inventory and provides the payment, shipping, and returns reconciliation benefits.

Importance of MultiChannel Inventory Management

Importance of MultiChannel Inventory Management

MultiChannel Inventory Management

Multichannel inventory management becomes important for online sellers  who often get confronted with the problem of managing a common / centralized inventory across various channels including their own website, offline store and e-commerce marketplaces. The buyer journey and preference especially on e-commerce marketplaces is largely unknown to the sellers and the need to be optimally stocked up on all channels is the key requirement to win the sales race. Loss of orders due to stock outs and over ordering due to inventory not updated on-time, everytime can lead to serious business disasters.  Sellers would tend to spend more money on the inventory carrying cost than the amount spent on buying the inventory itself. Also the stock which a seller is carrying has depreciation and devaluation risk due to obsolescence or expiry dates. Hence the need to optimize stocks through a robust multichannel inventory management system is essential. Timely reordering and getting on-time stock alerts is also one of the important parameters when building your inventory management system.

In simple words, the opportunity to reach your customers / audiences on their preferred channels at all their journey points is called multi-channel management. While this can be done at a very raw and basic level manually, there are good multi channel ecommerce software available in India and globally to solve this problem.   Most buyers are now using marketplaces like Amazon, Flipkart, Etsy, eBay etc to buy products. Their search behavior is largely dependent on many things like listing quality, product rating etc, but more importantly the availability of the product is the key for them to make the spot decision. As a seller it’s most important to be on that spot all the time.   For a seller it gets harder with more channels and more SKUs to manage as the business keeps growing. This often leads to late orders, penalties, higher return rates and dissatisfied customers. Also, customers really don’t care about the problems or the efforts which sellers face for fulfilling their orders. Their single motto is to get a great shopping experience and be well taken care of.     Overselling is also a key pain area. More than getting penalized for unfulfilled orders, it leads to embarrassment and pain of losing customers. Multichannel inventory and order management software will allow you to create powerful and easy integrations with unlimited channels and give you access to a dashboard from where you can manage and control your inventory and orders centrally.    Agile platforms will start building their own inventory from the first channel that you connect. This could possibly be your best or biggest sales channel. You can use this inventory or modify it to publish it across all your channels. Syncing stock level across your multi channels regardless of how and when they were changed will relieve you from all the problems of managing inventory. A good inventory management software will let you check your stock from anywhere, whether you are at home or even enjoying a vacation with family anywhere in the world.   A lot of sellers try to execute their multichannel order management requirements through spreadsheets like Excel or building custom algorithms in the Excel spreadsheet. But this may not be the right method, as excel is an offline utility and does not have the capability to consume real-time information of orders and inventory coming through various platforms. Real-time inventory synching is crucial to success to get the multichannel inventory and order processing right. Because this delivers strong fulfillment rates, loyal customers and great reputation with marketplaces.    A good multichannel inventory management system will also help you in linking your duplicate SKUs and managing bundles and product combos.    A great tool which connects your products, orders and inventory of all your channels including your marketplace channels, offline store and website is absolutely essential for succeeding and growing your business in a multichannel business environment. This is how a seller can focus more on business and not on inventory.    If you are selling on international marketplaces, one of the advantages of having a multichannel e-commerce order and inventory system is that the seller will have the ability to reach out his products to international customers without needing to invest in physical warehouses.   Due to COVID-19,it has become even more important that you save your valuable time and power up the efficiency of your business. Invest in a good multi channel inventory and order management system for your marketplace and e-commerce business..

Omnichannel Versus Multichannel : In depth Strategic Analysis

Omnichannel Versus Multichannel : In depth Strategic Analysis

Omnichannel Versus Multichannel

Everything existing in this universe has a meaning and when we deep dive to find it, we explore a wider spectrum. Similarly, with an objective to learn more about e-commerce, we landed on its integrated approaches, bringing up the idea of omnichannel and multichannel marketing.

Splitting the words we understood it better.

So, when we talk individually as Omni and channel, Omni is a Latin word that refers to “everywhere or everything” and the channel is “media”. Therefore, omnichannel marketing refers to the marketing process done in every channel holding the same background which means “the channels are integrated”.

On the other hand, comes the multichannel marketing process which is more concerned about the product and promotes a particular product on different channels with any link of one another.

Let’s make it more clear and interesting with infographics. Everything you are looking for about “omnichannel versus multichannel marketing” is now just a glimpse away.

Omnichannel Versus Multichannel : In depth Strategic Analysis

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Still confused, here’s a story to take you to the journey of omnichannel and multichannel marketing with a shopping exorbitant girl “Sneha”.

Let’s go shopping!

Major difference 

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Omnichannel Versus Multichannel4

Since the terms are now comprehensible, let’s take a look at what are do’s and don’t of both these marketing practices.

Challenges you may encounter in Omnichannel and Multichannel

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No matter what we do, we certainly have to face some challenges. But knowing about upcoming challenges can help you reduce the risk and plan for the future.

Do’s And Don’t of both the strategies

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Both these channels are equitable in one or the other way. Now it’s your turn to choose.

Which model to choose?

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