E-bidding The New Global Business Trend

Internet technology has become an intrinsic part of business enterprises across the world. Traditional business models have been replaced by online business proceedings with its high-tech tools and features. The rise of internet technology happened as business owners realized the potential of the Internet in enhancing the speed, efficiency and accuracy of their business operations and how they facilitate smooth and flawless business proceedings.

One such promising new-age business trend is E-Bidding. With more and more e-commerce websites getting deployed on the World Wide Web, the concept of e-bidding in soaring high.

What is E-Bidding?
E-bidding, also known as online bidding and e-auctions is a rising trend in the corporate circles across the globe. E-bidding is the concept wherein an online marketplace or website allows buyers to post their requirements in real time bidding events and potential suppliers and service providers can compete to sell their products or services to the buyer.

E-biddings are especially beneficial in scenarios where clients have accurately specified requirements and need the best and cost effective services to satiate them. Apart from the cost factor, clients can also consider the timeliness and quality of deliverables as a deciding factor to choose service providers and product suppliers.

E-bidding is a highly popular trend and is being used by several industries to buy and sell products and professional services at profitable rates and further profitable business endeavors.

The Process of E-Bidding
E-bidding revolves around the concept of sale and purchase of products and services online at profitable prices. Buyers generally post their requirements in online marketplaces and B2B websites and place Request for Bids. Potential suppliers and service providers can view these posts and submit competitive Bids for the same. In turn, buyers can review the bids and select one that is most cost effective. However, money is not the only criteria in selecting the vendor. Rather, buyers can browse through portfolios of potential vendors, trace their experience and expertise of the industry and then select the one that best qualifies for their requirements.

Business Advantages of E-Bidding
E-bidding offers a plethora of advantages to businesses and industries. It allows businesses to procure quality and cost effective services for their processes and thus helps them expand their profit margins. Likewise, suppliers and service providers can offer their products and services at best rates and reap benefits as well.

Here are some valuable business advantages of bidding online.

Access to Large Databases
B2B websites generally contain extensive databases of buyers and service providers. This increases and widens the network of the companies and individuals who register themselves on the website and connects them to a large pool of industry audiences. While buyers can browse through the database to find suitable service providers for their projects, service providers, in turn can apply to several posted projects and acquire new leads for their businesses.

Access to Worldwide Business Leads
E-bidding brings together buyers and service providers from all over the world. All the members of a B2B website have access to a worldwide audience. This means they can transgress geographical boundaries and time zone differences to hire professional services of offshore service providers and suppliers.

Access to Worldwide Business Leads
E-bidding brings together buyers and service providers from all over the world. All the members of a B2B website thus have access to a worldwide audience. This means buyers can transgress geographical boundaries and overcome time zone differences to hire professional services from offshore service providers and suppliers.

Comparison of Biddings
E-biddings allow buyers to monitor biddings and compare the different bids that are submitted. After they have reviewed all the bids, they can evaluate potential service providers and choose the best out of the lot.

Established Credibility
E-biddings is a critical procedure on trusted and established B2B websites. So all the members of the database are reliable and trust-worthy. This is because, these websites validate the identity of all the registered members and thoroughly check the details specified by them. This enhances the sanctity of online business proceedings.

Reduced Paperwork
Since all the proceedings are done online and all the information is stored electronically, there are no hassles about paperwork. The information can be easily and steadily processed and put to further use. Unlike scrapes of paper that needs to be reviewed manually, online data can be processed electronically by automated programs and softwares. Moreover, there is no additional costs regarding postage, photocopying and so on.

Time Savings
Because of online processing of information and other operations, e-bidding saves businesses a great deal of time and effort. Unlike tender systems, one doesn’t have to individually sort through applications to choose the right service provider and even the suppliers don’t have to send out forms and applications. E-bidding makes it easier to submit and review forms easily over the internet.

Secure Bidding Environment
E-commerce websites have strict security measures and privacy policies that ensures the safety of your data. Moreover, you can also be sure that all your cash transactions would be processed safely and securely.

Standardized Procurement Process
B2B websites allow buyers to specify the desired qualifications of vendors and service providers that they wish to seek. Thus, buyers can define parameters such as number of years of experience, type of expertise, ISO certifications and so on. And only service providers that fulfill these specified pre-conditions can apply or bid for the posted project. This highly standardizes the procurement process and delivers only relevant options to the client.

E-bidding helps obtain not just cost-effective services but also the ones that offer best value. It should be used as a strategic procurement tool by businesses to acquire valuable services for themselves and widen their profit margins.

Disclaimer : Sabra Easterday is the owner and founder of MatchB2B. Sabra is also a lawyer with a special interest in business issues and e-marketplaces. Notwithstanding that Sabra Easterday is a lawyer, nothing in this article and no services of MatchB2B or its website are legal services and no attorney-client relationship exists between any reader of this article or user, customer or potential customer of MatchB2B, and MatchB2B, its website or Sabra Easterday.

Choosing An Erp System For Freight Forwarding And Logistics Business

The complex nature of the shipping and logistics industry combined with the fierce competition that exists in this sector brings unique challenges to the small and medium-sized operators. This makes it imperative that freight forwarding firms, non-vessel operating common carriers (NVOCCs), custom house agents, international freight brokers, shipping agents and cargo agents streamline their multifarious business operations to remain competitive. Deploying the right ERP system dedicated to logistics and freight forwarding can help firms efficiently realign and scale up their activities whilst being adaptable to the rapidly changing regulatory environment.

Whilst an ERP framework can go a long way in helping you integrate diverse business and operational functions, choosing an ideal freight forwarding software that allows you to manage, access, and share information coming from and going into various departments is not easy. Before planning and deploying an ERP system, it is important that businesses analyse their potential keeping the following factors in mind:-

Integration of all operational and accounting elements within a single platform

The most important factor to consider is the degree of integration your ERP allows. For instance, a small and medium-sized freight forwarding agent who uses different applications to manage functions, including freight management, customs brokerage, documentation, container tracking, shipment tracking and compliance services would benefit more if all the applications are integrated into a single master application based on Tally ERP 9 platform. This customised Tally solution makes the operation more efficient, cost effective and provides the owner with real-time visibility of in-bound/out-bound shipments and their corresponding payables/receivables.

Avoiding duplication due to centralization of multi-branch tasks

The second parameter to consider is to what extent the ERP system allows the centralization of key multi-branch tasks. Consider each branch of a multi-location shipping agency using a separate business accounting application. This will result in disconnected pools of data independent to each other causing unnecessary delay, disruption and data re-keying whereas the business owner needs real-time business and operations data monitoring. On the other hand, if the same agency decides to partner with a Tally services provider and deploy a centralized software application, it has a greater predictability of its operations. Since this scenario allows the master application to read, write and edit data to and fro from each of the branch offices, it helps business owners track shipment-wise payment, performance, profitability and outstanding details.

Enhanced financial control and greater visibility

The ERP system that you choose to implement should provide a greater financial control by cross-integrating data from operational tasks and data from actual transactions. The system should allow the owner to calculate the expected profit per shipment and then compare it to the shipment’s actual cost and profit (using the data from transactions, receivables, payables and brokerage expenses). This helps the owner to track each jobs profitability which in turn can help them to focus on future shipments/jobs that have a greater profitability ratio.

Quick information access, report generation, and data archiving

Information reporting, data archiving and data storage are all important aspects of the logistics and shipping business. The ERP system should be able to generate and archive reports, including balance sheets, shipping-related MIS reports, packing lists, purchase orders and multiple invoices for different chain partners and quotations. Furthermore, cargo documents, including Cargo Arrival Advice (CAA), Cargo Arrival Notice (CAN), Delivery Order (DO) and House Bill of Lading (HBL) should be directly generated from the application. This helps business owners not only to retrieve but send these documents directly from the system to the logistical chain partners.

Government Business Financing In Canada Canadian Govt Loans Deliver

Government business financing in Canada – While many entrepreneurs have heard of Canadian govt loans they have not fully understood his business finance offering. Let’s ‘ unbox ‘ the program and discuss the merits and applicability of this loan to your business – and that applies to start ups, franchises… in fact any business tha is under the pre-requisite 5 Million in revenues. Let’s dig in

Established by the federal gov’t many years ago the Small Business Financing program is dedicated to helping new , young, and growing businesses access the financing they might otherwise not receive.

The uniqueness of loan is that the majority of the loan is ‘ guaranteed’ to Canadian banks which offer the financing. At the end of the day it’s the govt commitment to encourage Canadian banks to lend to new and smaller businesses. Naturally one of he benefits to the government is the overall economic stimulus in employment, taxes, etc.

In recent years upwards of 7000++ businesses access the loan annually – for billions of dollars. The accessibility of the loan is augmented by the fact that Canadian ‘ bricks and mortar’ branches are on every main street in Canada. (Truth be told the challenge is not finding the right bank, it’s finding the right banker).

The ability to get approved for a govt small business loan in Canada provides realistic access to capital for businesses who otherwise cannot qualify for ‘ traditional ‘ loans. Yet the actual offering of the program is just that – a traditional term loan at attractive rates, great amortizations, and even the ability to pre-pay without penalty.

Many businesses who utilize the loan are either new, or in some cases purchases of businesses, including the very popular ‘ franchise ‘ segment.

The requirements of the loan are pretty basic – the owner must have reasonable good personal credit history, and must be able to contribute a minimum of 10% or more of permanent capital to the financing in question. The loan can only be used to finance 3 separate asset categories – equipment, leasehold improvements, and real estate. (The latter, real estate is rarely used in our experience as commercial mtges are more suited to this type of finance need).

As important to understand what the loan does to is what it doesn’t offer. You cannot use proceeds to refinance existing loans or for working capital/line of credit needs.

Other key aspects of getting approved include a good business plan, a cash flow forecast, and basic info on your business location, previous business experience, etc.

If you’re looking to ‘ unbox ‘ government business financing in Canada seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist in making Canadian govt loans a realistic part of your new or existing business venture.

Stan Prokop

Business Brokerages How Do They Aid In Selling Your Business

Advertising a business for sale in sunshine coast by the proprietor or via a business broker in sunshine coast on a business broker journal network does offer several clear benefits for you, the seller. Let us discuss the benefits of every approach.

How are business brokerages able to aid me in selling my business?

In the event of you not being comfortable handling the job of doing the sale yourself, a business broker in brisbane possibly will be worth the sum you will shell out. The businesses for sale sunshine coast must be approached with a great deal more formality compared to the sale of house. Making use of a broker provides you with an expert who is able to aid you in preparing your business for sale, finding a buyer who would be paying top dollar, and negotiating the particulars.

1.) Bearing the load: selling of your business does require a great deal of attention and time, two things which you possibly will not be able to keep while carrying on with the everyday operational necessities of having to run your business. Passing the selling, bargaining and closing accountabilities to a business broker is going to let you concentrate on your business.

2.) Discretion: when registering a business for vending by owner, the landlord discloses that his enterprises for sale, consequently having an effect on the association with the community and likely employees, buyers, suppliers and added associates. A high-quality business broker is able to promote a corporation for sale in a manner that shields the identity of the owner and successfully screen prospective buyers to make certain that theyre competent and serious on purchasing.

3.) Close more rapidly: with the business broker working around the clock on the sale, possibilities are that the deal is going to be completed a great deal sooner and for a greater price. To locate a business broker in your neighborhood, click find a broker.

4.) Consumer interaction: in the event of business brokerages selling businesses, the owners caught up are very infrequently able to have a word with would-be purchasers. Being able to have a word directly with somebody will provide you with an idea of whether he really wants the business and the way in which he could run it and thus stay in contact with your broker on a regular basis for keep yourself informed on all prospect-associated conversations.

Regardless of you selling your business by yourself or using business brokerages, promoting on the business broker journal network is able to help you collect the biggest number of profitable offers inside the shortest possible time, guaranteeing a win-win circumstance for you as well as your buyer.

Smart Features Of Business Broadband

As broadband speaks to the measure of data that could be exchanged through a rapid internet connection, business internet broadband with higher data transmission empowers get to and exchange of considerably more data and data, an extremely urgent element in today’s period of corporate rivalry. The criticalness of internet broadband for businesses can’t be undermined. With mechanically exceptional online apparatuses, the long haul business objectives and systems best suited for development and extension might be dead set.

The three most important features that make business broadband so mainstream are:

Connection Speed: Business internet broadband associations are generally high velocity associations as contrasted with a standard dial up association. Furthermore, diverse speed extents with changing expense alternatives are accessible, permitting the client to exchange no less than twenty times more data at any given time. Such a speed is exceptionally successful for a business in the accompanying ways:

Larger file transfer in matter of seconds

Cost powerful as enormous documents could be sent over the net as opposed to being couriered or faxed

Security issues took care of with quick upgrades and programming redesigns

Fast transfer of immense film documents, pictures and representation

Virtual gathering progressively conceivable.

Enables sound and feature conferencing, therefore decreasing phone costs

Installation of online security Cameras.

Round the Clock Connectivity: A broadband connection permits fast network to the net at whatever point the workstation or computer is exchanged on. Dissimilar to the dial up connection, this peculiarity encourages the business by staying constantly connection with the customers. With round the clock network, the internet serves as an included to a great degree huge estimated hard drive with endless data storage.

Business internet broadband arrangements are generally chargeable at a settled rate for boundless utilization, henceforth business clients can profit without bringing about additional expenses for included data utilization. Likewise, steady connection guarantees continuous data stream alongside:

Elimination of postponement in accepting and answering to critical business messages

Permanent round the clock integration to all the workplace extensions. Change in any office setup might be upgraded immediately

Remote servers guarantee safe data storage and get to whenever and from anyplace, be it office, home or amid travel

Use of internet for ease or free voice calls

Serves as a Standalone Connection: Business internet broadband requires

Establishment of a modem much the same as a standard dial up connection, the main contrast having the capacity to make calls all the while as utilizing the internet. A handier focal point is the profit of identifying with clients while taking them through the website pages for particular data they need. Additionally, it spares expense of additional phone line introduced for internet connection. The business broadband connection likewise allows the utilization of more than one machine for the single connection line.

For more information about Business Landline and Business Phone Line also please visit us.

The Top 7 Business Social Networks Of 2014

Are you still looking for a job? Think about creating your own. There are a lot of business social networks to help you connect with other entrepreneurs and get the business ideas off the ground.

Here are the top 7 business networking sites and apps. Each helps entrepreneurs succeed by providing them with the guidance, tools and resources they need to start a business and gain exposure.

1. StartupNation

Most social networks for business neglect the content aspect that makes StartupNation so useful. With articles, forums, blogs, on-demand seminars, and podcasts, entrepreneurs will be better prepared for their ventures and have the resources required to make better business networking decisions.

There are a wide range of topics being discussed on StartupNation right now, including business planning, marketing and web-based business. The site also offers a series of competitions, such as an elevator pitch business networking competition. If youre an entrepreneur or hope to become one, this site is definitely one you cant miss out on.

2. LinkedIn

Its difficult to leave LinkedIn off of any business social network list because its so useful for anyone whos either searching for a job, is trying to network with like-minded individuals, or starting a business. LinkedIn offers many resources for entrepreneurs, such as groups, including the very popular On Startups group that has over 54,000 members.

Entrepreneurs on LinkedIn should brand themselves properly so they can attract the right kind of business opportunities, and perform searches to find service providers or partners. As an entrepreneur, you should also be looking to participate in LinkedIn Answers, events and business networks to spruce up your profile and become a valuable member to your LinkedIn network.

3. Entrepreneur Connect

Entrepreneur Media, the company that produces Entrepreneur Magazine, started a business social network years ago specifically for small business networking. Like all business social networks, you have the opportunity to create your own profile, explore the community and network. Unlike most social business networks, this one frowns upon too much self-promotion and applauds idea sharing.

You can use this business social network to connect to service providers, suppliers, advisers and colleagues. Just like LinkedIn and Facebook, there are business groups that you can join or create. Another cool feature is that youre able to start your own blog and possibly have it appear on the main page of the business social network.

4. Biznik

This isnt another LinkedIn clone. Instead, Biznik brands itself as a business social network that doesnt suck. The Biznik community is composed of freelancers, CEOs, and the self-employed. Like the other business social networks, this is a place for you to share ideas, instead of posting your resume. It is mandatory for all members to use real names and provide real data, and Biznik editors actually review all profiles to ensure compliance with that policy.

5. Cofoundr

The Cofoundr business social network is made up of idea makers, entrepreneurs, programmers, web designers, investors, freelancers and executives. The primary purpose of joining this network is to start a new web venture. Unlike most of the business networking sites already listed here, Cofoundr is a strictly private network, which means that you cant view member profiles before you register for an account.

Membership requires having a valid university or work email address, which means high schools students and younger arent allowed. The first thing you have to do is sign up, then specify your abilities and the people you are trying to business network with and finally, post your idea on the bulletin board or in the forum.

6. Perfect Business

If you want to meet thousands of serious entrepreneurs, experts and investors from a variety of industries, then Perfect Business might be the business networking site for you. The type of people youll find are potential business partners, potential clients and advisers. Additionally, the site has leading business partners like Entrepreneur and Virgin Money.

From business social networking to a video center where you can learn from successful entrepreneurs, a business plan builder and even an investor center, youll have most of the resources you need to start a business.

7. CityHour

Much more than a contact manager, CityHour social networking app easily syncs with your LinkedIn and Facebook accounts to instantly transform a collection of static digital contacts into an actionable network full of new people and opportunities. So whether you are looking to jumpstart new business efforts, explore career opportunities or create new partnerships,

with CityHour youre just a few taps away from a meeting that could change your life.

Oh, did we mention that its absolutely free?

Buy Social Media Followers Make You Small Business Popular

Buying fans and followers in the social networking sites is indeed a very good option for expanding and supporting the business. The idea is new but highly effective. You need to make sure that you reap most of the benefits of these new ideas. This concept of Buy Social Media Followers or fans is to make sure that your page and your account becomes famous and gets optimized. Moreover, you can use your social networking sites for advertising your product or your service and make sure that your business prospers. Along with that the pages with more fans and followers are bound to attract more people ensuring better website traffic.

How It Works?

If you are interested to Buy Social Media Likes then you need to know about the procedure. First of all you have to create an account into these social networking sites. After creating the account you have to make sure that you add enough friend and followers to make your account visible. After doing that you can use tour account to advertise your product or service. This way you are advertising your business without making significant expenditure for business promotions. However, the process must be seamless as well as accurate otherwise desired results would not come. If you do not have enough fans and followers you can buy them. For example, buy YouTube Viewers to make your business profile in YouTube highly successful.

Benefits of Buying Followers

Buying social media followers is always beneficial as that makes your business successful over the virtual platform. If you are a small business, it is obvious that you cannot compete with giant fishes in terms of advertising investments or expenditure. However, social media platform is for everyone there is no discrimination. With minimal investments, you can still manage to compete with established brand names at virtual platform. This is why social media is becoming famous these days.

Earning Money from Home

If you are a freelancer or if you are looking for a part time income, social media platforms gives you the opportunity to Earn Money from Home. Being a freelancer, you can work as per your schedule or timings. You even do not need to do it regularly, though more time investment will fetch more money for sure. You can Get Paid For Likes from business merchants, as more likes or followers will draw more potential customers or clients for the businesses. The method is simple though chance for huge income is certainly available.

The Academy Of Business Strategy – The Closely Guarded Recruitment Secret

The recruitment industry has always been reactive by nature. This is not intended to be a criticism in any way, it is just considered to be convention within the industry. An employer advertises a vacancy, a candidate advertises their CV. Prospective candidates are forwarded onto the employer and prospective vacancies are similarly forwarded onto the candidate. This will invariably result in thousands of candidates applying for each individual vacancy and success is ultimately determined by the efficiency of each individual employer’s recruitment procedure. Candidates are always powerless throughout this process. The introduction of online job boards through the internet has only served to exasperate this problem. They tend to identify success in terms of quantity rather than quality. They will proudly advertise that they have thousands or even millions of candidates registered with them. They will also have hundreds or thousands of vacancies listed too. The implication being of course that if they serve this many customers then they must be good. Having said this, online job boards do provide an important service now within the recruitment industry. They provide portals where both candidates and employers can be introduced to each-other and the service which they provide is far more cost-effective than traditional offline advertising and in most cases they provide a more efficient service too. Unfortunately it does not really do very much to help candidates gain better employment and it is still rather like looking for a needle in a haystack. This is because the service which they provide merely ensures that more and more applicants apply to each individual vacancy. It is also widely accepted within the recruitment industry that any vacancy which we may see advertised is always a peripheral vacancy. What is meant by this is that they tend to be general vacancies which arise from prescriptive change such as expansion, or a merger or acquisition. The very fact that the organization does not have anyone in mind for this vacancy who could be promoted from within tells you that the vacancy is probably a peripheral one. Core vacancies are never advertised. The organization will already have internal candidates in mind for these positions and they are too important to risk employing a candidate who is considered to be an unknown quantity. Consequently core vacancies are always the ones we should be targeting. They are the vacancies which constitute power, influence and life-changing personal benefits. A senior manager or partner at a major financial institution, retail organization or manufacturing company will earn an annual salary amounting to several hundred thousand dollars for their services. A senior Director or Executive Officer at the same company will earn an annual salary amounting to several million dollars for their services. How many jobs do you actually see advertised with annual salaries that exceed 250,000.00 USD? There are traditional recruitment companies who practise what is commonly known as head-hunting, but these still tend to be for peripheral positions. The reality is that anyone who achieves a core vacancy within a major global organization will have developed and implemented a successful career management strategy over a sustainable period of time. It is quite literally the difference between success and failure. Recruitment companies and online job boards alike are already thinking of innovative ways in which they can provide better services. Improving online technology is to some extent gradually enabling them to do this. There are growing improvements in terms of the search engines that are used to pre-qualify candidates for employers and conversely to pre-qualify employers for candidates. However the more recruitment companies or online job boards which choose to move in this direction the more they will have to charge candidates and employers for the services they provide, whereas registration, particularly for candidates has been largely free of charge and candidates have grown accustomed to this of course. It is already clear that those recruitment companies who are starting to charge candidates for the service that they provide, tend to provide much better services. The old adage that “you always get for what you pay” tends to apply here. Ultimately these changes while providing some improvement in the professionalism of recruitment companies and online job boards over time will not change anything at all concerning the type of vacancies advertised. Advertised vacancies will always be peripheral. Candidates who have the most successful careers are always those who are proficient at managing their own career management strategy. It is true that we cannot all aspire to be the CEO of Microsoft, General Motors, HSBC Bank, or Mittal. But we can still ensure that we at least have the opportunity to achieve as much as we can with our careers and we will not achieve this if we are reactive by nature and if we do not take personal responsibility at some point for our own career development. After all an individual’s career development surely constitutes a core activity, not a peripheral one!

Why Should I Have A Premium Business Card For My Business

Premium Business Cards are rated the best business cards of all time. They are durable since the cards are designed and printed with great thickness that allows them to remain useful for long periods before renewal. This means that the cards are convenient, elegant and cheap. If you want a premium quality for your cards, then it will be a great idea if you choose a thickness of 16pt and 17pt, which is 50% to 60% the thickness of a credit card. These cards are of the best quality, and they will impress all your clients. Choose a premium business card today and you see the difference.

Many companies who are involved in printing business cards usually uses the word Premium though the products of their printing services are not actually premium. This makes the search for premium card service very difficult and complicated.

How do I Know My Business Card Is A premium Card?

What determines whether a business card is premium or not is the point thickness. In the world of business cards, there are only four types of cards that differ from one printing company to the other. Some are labeled premium, although they are not actually so. Let us get into details:

14pt Business Card- This card has a thickness that is 20% the thickness of a credit card. It is the standard and lowest priced business card at any online printing today.

15pt Business Card- This is the second-lowest card in card printing industries online. The thickness is 30% that of a credit card. Some illegitimate printing companies regard this as a premium, although it is not really so.

16pt Business Card- This is a premium Business Card. It has a thickness of 50% of the thickness of a credit card. It is worth the title. It is considerably thicker than the 15pt card, and this should help you differentiate when making an order.

17pt Silk Business Card- This is also a premium business card. It is the thickest business card ever and has a thickness of 60% of that of a credit card. It is laminated with a layer of silk to act as a protective cover for the card.

What Are The Benefits Of Silk Business Card?

Apart from durability, low price and perfect thickness, ordering for a premium business card grants you the following benefits:
Silk lamination for 17pt silk Business cards makes them look elegant
Durability of the cards due to maximum thicknesses
17pt thickness for silk cards is a unique feature
It has an optional stamping foil feature that allows one to place your own desire foil type such as gold foil, silver foil, or colored foil
You also add a UV gloss layer to the card which makes a pretty separation between the finishes, silk and gloss
During printing, you do not have to budget for a first impression since it is priceless.

Sboeconnect 2.0 Revolutionized Way To Integrate Magento With Sap Business One

Are you a business owner using Magento e-commerce storefront for your online business and SAP Business One as your back office business solution or are you using SAP Business One to streamline your business process and planning to implement an integrated e-commerce storefront?

Do you ever deals with tons of web transactional data that are difficult to track by your back office staffs?

As a key decision maker of your small or midsize business, you always concentrate on growth. But rather you will find yourself dealing with silos of information, flood of customer, order, item, and inventory details that you have to manage. Manage your online business with your back office is the biggest hurdle which is tough and time consuming.

Well, the hurdle is over.

With the advent of SBOeConnect 2.0 all existing integration obstacles are over. With SBOeConnect 2.0 you can effortlessly connect your Magento e-commerce storefront with SAP Business One ERP Business Solution.

The real time integration process, SOA architecture and SOAP Data Exchange Format allows your back office employees a quick access to data, alerts and reports and e-commerce customers to get the most up-to-date information in the web. New adoption of SOA architecture and SOAP Data Exchange format will prevent all kind of data loss issues.

On the other hand using Magento web services API for data transfer will provide real time and smoother data integration between these two platforms.

Whats new in SBOeConnect 2.0?

1.Functional Enhancement which includes support for multiple websites and web stores from within SAP Business One. Simple, configurable, bundled and grouped products can be downloaded from Magento to SAP Business One. Also SAP Business One items can be promoted to Magento for online shopping.

2. Performance Enhancement which includes introduction of Magento web services API for integration in real time. Also many of the previous incomplete functionalities have been resolved like
Automatic creation of a new state if state is not defined in SAP Business One.
Any updates of product information in Magento will automatically reflect in SAP B1.
Download products from Magento to SAP Business One.

3.Adopting Service Oriented Architecture and using SOAP as data exchange format provides a smooth and safe data synchronization and eliminates the chance of any data loss.

4.The entire look & feel of the product has been revamped. This new look will provide the maximum usability to its users and provides an intuitive user experience.

Lets have a look at the main integration points:

1. Customer: – Web customer registration information, billing & shipping addresses will be entered into SAP Business One Business Partner Master Data. Any web updates will be instantly reflected in to SAP Business One.

Similarly new and existing business partners of SAP Business One can selectively be uploaded to the Magento web store and treated like a normal e-commerce customer.

2. Order: – Web orders placed by registered or guest customer will be transformed into SAP Business One Sales Orders. Payment Information, tax code and amount, shipping method and charges, billing & shipping addresses selected or entered in Magento web store, all are available in the newly created SAP Business One Sales Order.

New and existing Open Sales Orders in SAP Business One can be uploaded to Magento web store. When customers log in to their account in the store front, they can view and track the orders.
Complete the sales cycle by generating delivery and A/R Invoice in SAP Business One which will update Magento web order status.

Customer can track the shipment through the tracking id in Store front which is entered by the back office staff

3. Item & Inventory: – Upload SAP Business One items as simple, configurable, bundled and grouped products to multiple web stores and web sites of Magento selectively as per your choice. Attach multiple images, set the display category, set attributes against an item from within SAP Business One. Any update in Item details will be instantly reflected in e-commerce portal, so web customer always gets most updated product information.

On the other hand existing Simple, Configurable, Bundled and Grouped Products of Magento can be downloaded to SAP Business One with associated quantities all at once in a single click.

SBOeConnect provides you a better integration of stock quantity. Stock Quantity updates through web orders in Magento Commerce reflected instantly in SAP Business One. On the other hand any stock updates in SAP Business One will update the available quantity in Magento. So through this integration you can better plan your purchase cycle.

4. Payment and Shipping: – Online Payment in the web will generate Incoming Payment document in SAP Business One through which you have the proper picture of the payment.
Shipping Method selected by the web customer and the shipping charges are synchronized from Magento web store to SAP Business One.