All businesses have one goal ⏤ to grow. But going big can also make you go broke. From hiring more staff to acquiring additional physical resources, growing your online business can be a costly affair. Investing in business growth is also a risk as it does not guarantee success. In today’s consolidated and saturated market, scaling your business requires streamlined business solutions.
If you want to grow fast in an ultra-competitive business climate, you must be able to increase revenue while maintaining or lowering your overhead costs. Below, we’ll explain how the VTEX Commerce Platform generates streamlined business solutions with minimal effort and resources.
Increase business productivity
Like other modern businesses, your IT system is probably drowning in apps. Today’s companies are using up to 200 applications to perform daily operations. If you believe more apps equal greater business productivity, think again. The time wasted on toggling between multiple applications could be costing your business 32 days of productive work per employee, per year.
To streamline your business solutions, get a fully integrated digital commerce platform that combines all essential business functions into one solution. With the VTEX ecommerce, marketplace and order management system, you can reduce the inefficiency costs of running multiple applications and focus on what you do best: selling products.
Eliminate costly integration problems
When you operate multiple business applications, integrating them into one seamless system can be a challenge. Software integration problems can cause data transmission failure across your sales channels, resulting in costly business errors. Lost orders, wrong product information and selling out-of-stock items are costing businesses $500K-$1M USD in annual revenue losses.
A fully connected commerce platform can streamline your business solutions and eliminate the data silos that are costing you significant revenue. Once all your business processes rely on one system, you get a single version of the truth. This gives you real-time visibility into all your business operations, helping you reduce embarrassing and costly customer service mistakes.
When Worldwide Golf Shops (WGS) adopted our complete commerce platform, it was able to cut costs and reduce the burden on its IT team. By connecting its Retail Pro® system with VTEX, the golf retailer has scaled its business without significant CAPEX investment. Check out this case study to learn how VTEX has been helping WGS improve its online store.
Expand your product mix
If you’re looking for ways to create streamlined business solutions, offering new products and services from third-party (3P) sellers can help you expand with little to no risk. A broad product assortment strategy increases your sales opportunities and helps you make more money. Expanding your product mix by 10 percent could help you generate 12 percent more sales.
You don’t need to build cumbersome business relationships or buy the new inventory to sell 3P items. With the VTEX ecommerce marketplace management system, you can easily build an online marketplace and connect with 2500+ sellers in over 32 countries to form dropship partnerships. Customers buy 3P products from your website and the dropship supplier handles order fulfillment. Adopting a marketplace model is a quick, easy and low-risk solution to streamline and scale your business without the burden of inventory management.
Create omnichannel shopping experiences
Consumers demand an uninterrupted shopping experience across all your touchpoints. They want to check out your products on Instagram, add an item to their shopping cart on your website/mobile app and then try the product in-store before finalizing a purchase. Consumers that use multiple channels to shop spend up to 10 percent more than single-channel customers.
Scale your business by creating streamlined business solutions that offer your customers an omnichannel shopping experience. An omnichannel retail strategy is impossible with multiple software as integration issues create data silos and isolated sales channels. A fully integrated ecommerce marketplace management platform unifies all your sales channels into one system to create a seamless shopping experience for customers.
Reduce total cost of ownership
Investing in modern enterprise solutions is essential for scaling your business, but those technologies do not come cheap. Streamlining your business solutions while employing fewer applications can reduce your company’s operating costs.
Once you implement a complete ecommerce platform that combines all of your needed business functions, you can get rid of multiple business software to reduce your IT expenses. For instance, by adopting our end-to-end ecommerce, marketplace and OMS solution, SONY Corporation was able to decrease its total cost of ownership by 60 percent.
Streamline your business solutions with VTEX
Modern business technologies help support your operations. But when you have too much of a good thing, those technologies impede rather than support business growth. With a fully-integrated ecommerce marketplace management platform, you get one system for all your operations, lowering costs and boosting profits. Contact us now to learn how VTEX can scale your business.
