According to the latest statistics, Shopify is the largest e-commerce platform accounting for $319 billion in activities of the global economies. If your online business operates using Shopify technology, you will be enlightened to know just how helpful Celigo and NetSuite integrations can be in handling complex behind-the-scenes functions. From managing the processing of your payments to accounting for various transactions within your business, these integrations can make your business admin tasks and responsibilities easier and less complicated.
While Shopify is a reliable online shopping tech that sets businesses up for smooth and secure online transacting, it simply cannot take away the business administration and financial responsibility. Integrating with Celigo and Netsuite is becoming a gamechanger for many Shopify merchants as it remedies several pain points.
Celigo is the integration platform as a service (iPaaS) that allows IT and line of business teams to automate standard and custom business processes, enabling an entire organization to be more agile. NetSuite is the accounting software suite for enterprise resource planning. It helps e-commerce stores manage inventory and track financials.
Common e-Commerce businesses issues these integrations solve
1. Updating inventory
Electronically purchasing and selling products or services is what we know today as e-commerce and the latest trend for small businesses and large corporations, public and private. When e-commerce started evolving, it helped retailers and e-commerce businesses with multiple locations easily maintain inventory by automatically updating product availability. Presently drop-shipping is contributing to various issues that may lead to inaccurate recordings of inventory and accounts payable and receivable. This requires highly intelligent automation, that can help your business gain an accurate, real-time understanding of its numbers. Thanks to integrations between Shopify storefronts, Celigo automation, and Netsuite accounting software, this is now possible.
2. Understanding the traffic trends of websites
Another pain point for a seller is improving the shopping experience and receiving customer leads to your online retail store. To accomplish this, you must understand website traffic and the latest trends, including SEO (Search Engine Optimization), content marketing, social media forums, and other digital marketing strategies. This is where Celigo shines – by leveraging AI, Celigo its users to build custom integrations, mappings, and automatization to optimize business processes and shopper experiences.
3. Verifying COD (Cash on Delivery) and fake orders
An inability to verify cash on delivery (COD) and fraudulent orders without an efficient application designed to validate these purchases, can be detrimental to small businesses or startup e-commerce stores.
With Celigo Netsuite and Shopify integrations, you can have a powerful management system for security, data privacy, and fraud protection.
4. Product returns and refunds
Returning merchandise for refunds is much quicker, easier, and low cost for online customers utilizing Celigo, Shopify, and Netsuite applications. Returning a product sometimes is inevitable for shoppers, most merchants issue refunds to customers after receiving products and processing the return order to verify that the product hasn’t been damaged prior to its return etc. This often comes with the headache of financial recording of reversals, which later might show up as a declining revenue, skewed inventory numbers and added costs etc. Integrations with the above software alleviate the headache of verifying COD and fake orders, updating products and inventory, and accounting for product returns and refunds. These are automated within the integration. Within Shopify, there are limitations to what you can do, but with the support of Celigo Netsuite, businesses can reduce those issues for smoother processes.
How Celigo and NetSuite integrations minimize Shopify pain points
Using Netsuite relies on Celigo to connect your applications and automate business transactions which are vital for automated processes, and financial recording within a business. Celigo Shopify works with front- and back-office apps that are configurable, deplorable, and maintainable, which includes the following features:
- Development of real-time integration, custom connectors, and flow designer that aid seamless financial flow for vendor payments, and customer returns. This means Shopify sellers will have an accurate, real-time financial understanding of their business.
- Management, including data mapping, routing, monitoring, notification, and data transformation helps Shopify sellers better understand the user experience and improve on the strengths of their online store.
- Security that comprises data encryption, security standards, and protocol for communications ensures Shopify sellers offer their shoppers the highest integrity and data safety when shopping on their platform.
- Integration with EDI (electronic data interchange), managed file transfers, and data virtualization allows Shopify to quickly send information to another partner – whether it be a vendor or creditor, electronically. This helps with business-to-business communication but also enables better record-keeping within a business.
Retailers and stores selling online products or services must account for all purchases and receipts of payments to keep business liquidity and follow IRS requirements. Accurate financial reporting is beneficial for preparing your tax returns. Accounts receivable and accounts payable are significant functions within any business and this is no different in the e-commerce space. Celigo integration is beneficial for automatically processing transactions, payments, and receipts between your vendors, customers, banks, and Netsuite. For the e-commerce industry, the SASB (Sustainability Accounting Standards Board) provides sustainability accounting standards for use by publicly-listed companies in the US.
E-commerce accountants at Fusion CPA strive to help businesses manage tax liabilities and aid Shopify sellers with tax planning, and other accounting services. We provide a free accounting diagnostic assessment on your business and help with software integrations that can benefit your business. Schedule a discovery call to learn more about Netsuite, Celigo, and Shopify integrations to benefit your business.
__________________________________________________________
This blog article is not intended to be the rendering of legal, accounting, tax advice or other professional services. Articles are based on current or proposed tax rules at the time they are written and older posts are not updated for tax rule changes. We expressly disclaim all liability in regard to actions taken or not taken based on the contents of this blog as well as the use or interpretation of this information. Information provided on this website is not all-inclusive and such information should not be relied upon as being all-inclusive.
