Staying on top of today’s rapidly changing business environment is no easy task, especially when you’re up against time to launch new products, improve existing ones, and streamline your back-end operations.
Fortunately, cloud-based software providers like Netsuite eCommerce Solutions can help you simplify your eCommerce efforts and reduce your overhead costs, giving you more time to grow your business.
The growing market of SaaS products shows how crucial it is to invest in them. The global SaaS market size is anticipated to go up to $172 billion in 2022.
And that’s not all, and there are more reasons to trust this essential tool for eCommerce stores.
What are SaaS eCommerce Solutions?
SaaS eCommerce is a term that applies to a growing number of products and services that help you maintain and grow your eCommerce business.
The technology helps businesses find, acquire, and retain customers, run their web stores, and make it easier to focus on customer lifetime value.
It is done through robust online automation such as;
- order management
- sales automation
- multi-channel inventory management
- marketing automation
- loyalty programs
- analytics across the entire customer journey
Set Up Your Business Account Quickly
A SaaS eCommerce solution allows you to set up your business in an expedited manner. Once your account is created, you can go live in a matter of days, not months. If you’re in a time crunch to get online quickly and without hassle, choosing one of these solutions will put your mind at ease.
With that said, if your primary concern is getting online immediately without expensive design costs or delays associated with customization, then using a SaaS eCommerce solution will fit perfectly into your plans to launch an efficient website.
Customize Products and Pricing
If you’re looking to build a solid business-to-business (B2B) operation, customization is critical. Enterprise buyers don’t want run-of-the-mill products. They need custom solutions to fit their unique needs and budgets.
A SaaS provider like NetSuite eCommerce Solutions lets you customize products, which will boost your sales while also making your services more attractive to customers. Growing both your top and bottom lines is a win for everyone involved.
Take Advantage of Product Feeds
Using software-as-a-service (SaaS) solutions will make your life easier, but there are other factors to consider as well. For instance, you’ll want to take advantage of product feeds offered by your SaaS provider.
Product feeds are lists or catalogues that contain specific information about items in your system. These lists can be read by search engines and used by 3rd party sites to sell your products.
Streamline Orders and Data Entry
With software as a service (SaaS) eCommerce solutions, you can streamline and automate all sorts of processes related to taking orders and maintaining data. For example, invoice and order management features allow companies to track and manage invoices on a real-time basis, which gives them detailed reports on their revenue.
Access To Latest Technology
Not only do cloud-based eCommerce solutions provide you with access to all your data and applications on any device at any time, but you also have access to the latest technologies in the industry. This software is constantly updated with the latest features that you can utilize in growing your business.
How To Pick The Right SaaS Provider?
No matter how you feel about Software-as-a-Service, there’s no denying that it has revolutionized business IT. Thanks to hosted solutions, small and mid-sized companies can access enterprise software without hiring a full-time employee to manage it. However, selecting a solution tailored specifically to your needs can be difficult with many viable options on offer.
Here are some tips that may work:
- Compare their pricing
- Evaluate the software they provide
- Look at their reputation and experience
- Could you find out how they support customers?
Check for a good customer satisfaction guarantee
The Bottom Line
Investing in a managed eCommerce solution allows your team to focus on what they do best: selling and innovating. SaaS solutions will not only simplify your operations but also scale with your business and allow you to tap into a variety of cost-saving benefits. While setting up and maintaining an eCommerce solution can be time-consuming, numerous advantages will help grow your bottom line. It’s well worth it!