Shopify Inc., an e-commerce platform traditionally used by small to midsize businesses, is making a new play for larger enterprises.
Shopify, based in Ottawa, launched an ERP integration service with Acumatica, Infor, Microsoft Dynamics 365 Business Central and Oracle NetSuite, as well as Brightpearl, a retail-focused inventory and distribution vendor.
The Shopify Global ERP Program enables ERP vendors to build direct integrations from their ERP systems into the Shopify platform. Acumatica, Infor, Oracle NetSuite and Brightpearl have already built integrations, which are now available in the Shopify App Store. Integration for Microsoft Dynamics 365 Business Central is expected to be available in early 2022, according to Shopify.
Shopify has been steadily growing since it was founded in 2006. The company’s total revenue in 2020 was $2.9 billion, an 86% increase over 2019, according to its end-of-year financial results. Shopify is working with 1.7 million businesses worldwide, according to its website. Its push to attract larger customers is being spurred by the business trend to move from legacy systems and become more flexible and data-driven, according to Mark Bergen, vice president of revenue at Shopify.
“We want to become the e-commerce operating system for our customers,” Bergen said. “Smaller companies use it to develop an e-commerce presence and scale up their business, while large businesses like Heinz are using it to go direct to consumer, quickly launch sites, test, iterate and find new ways of getting in the market.”
Shopify is seeing more interest from larger businesses, particularly traditional retailers and consumer packaged goods companies that use on-premises infrastructure and more legacy systems, because of the COVID-19 pandemic, which brought a new wave of interest in e-commerce, he said.
“They need to find new and more nimble ways to move into markets,” Bergen said. “Many very traditional retailers are saying they need to find faster ways of implementing and moving into e-commerce markets.”
The Shopify Global ERP program enables businesses to integrate their ERP systems directly into the Shopify e-commerce platform using vendor-built apps. These apps, which are certified by Shopify, eliminate the need to build integrations using third-party tools, which saves on time and costs, Bergen explained.
“This simplifies life for the merchant because they’re no longer maintaining third-party connectors, there’s fewer customizations and lower cost,” he said. “But they also have more trust in the data because it’s being maintained by the merchants themselves.”
The data flow between the ERPs and Shopify will be two-way, as Shopify can receive ERP data relating to inventory, SKU (stockkeeping unit) counts and pricing changes. The Shopify platform can send ERP systems up-to-the minute data on KPIs such as customer experience and sales, Bergen said.
More than 10,000 companies currently use Shopify Plus, Shopify’s e-commerce platform for larger companies, he said. This includes sustainable shoe-maker Allbirds and athletic apparel maker Gymshark, both of which have started and scaled their e-commerce sites on Shopify, as well as large brands Heinz, Schwinn Bicycle Co. and Lord & Taylor, which are implementing smaller-scale sites.
J.Lindeberg, a sportswear retailer and wholesaler based in Stockholm, expects that the integration of Shopify with its Microsoft Dynamics 365 Business Central will help the company deal with growth and rapidly changing markets, according to David Morgan, senior director of e-commerce at J.Lindeberg.
Connecting the Microsoft Dynamics 365 Business Central ERP with J.Lindeberg’s Shopify e-commerce storefront will improve data-driven decision-making for the company, Morgan said.
“Selling apparel brings challenges with the volume of SKUs that we deal with,” he said. “Integrating [Shopify] with our ERP has helped alleviate issues surrounding inventory updates, item creation and third-party warehouse communication for order fulfillment.”
The ERP collaboration makes sense for Shopify, said Jordan Jewell, research director for digital commerce at IDC. But he said he also found the move surprising because Shopify has not previously shown much awareness for what larger enterprises need.
“Shopify has mainly been very much focused on smaller businesses, and the vast majority of their customers are quite small companies,” Jewell said. “SMBs don’t need an ERP; they typically use QuickBooks. But this move shows that they made an effort to build closer partnerships with those five providers. The ERP vendors built the integration apps themselves and there’s not anything groundbreaking at this point, but this does show that Shopify has made an effort and taken steps to help companies [with more complex ERP integrations].”
Even so, the Shopify-ERP integrations are being used for fairly simple use cases, he said. For example, Heinz and Staples are using the integrations for limited purposes, such as setting up an e-commerce site in a particular country or region. Other customers such as Allbirds have moved beyond SMB status, but they have a much more limited product range than enterprises that are running highly complex e-commerce sites with hundreds of millions of SKUs.
Shopify’s out-of-the-box functionality makes it possible for companies to get less complex sites up and running quickly, so the ERP integration may help in these cases, Jewell said. But additional ERP implementations will contain more complicated business rules, business logic, processes and finance requirements.
“These integrations may help a little bit with reducing complexity, but once you’re getting into the true enterprise space, you often need a systems integrator or a value-added reseller to build those deep integrations,” he said. “There aren’t a lot of cases where large enterprises are putting their whole e-commerce on Shopify, but there are instances where they’re putting one store on Shopify. So this program may help those companies in the lower mid-market that may have graduated beyond QuickBooks but are not using an SAP or Oracle.”
Jim O’Donnell is a TechTarget news writer who covers ERP and other enterprise applications for SearchSAP and SearchERP.
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HR Recruitment Software impress.ai Now on SAP Store – Inside SAP Magazine
By being on SAP Store, the HR recruitment software impress.ai has the opportunity to reach customers looking for SAP-validated solutions that fit their business needs on a global scale. Aside from becoming part of a digital marketplace that delivers simplified and connected digital customer experience, impress.ai can now take part in SAP’s commitment to sustainability as the German software pledged to plant a tree for each solution purchased through the SAP Store.
Sydney-based Ideatory Australia Pty. Ltd., fully-owned by SAP PartnerEdge program partner Ideatory Pty. Ltd., recently announced that its AI-powered recruiting solution impress.ai is now available in SAP Store. The software for recruiting and HR integrates with SAP SuccessFactors to provide on-demand automation workflows and chatbots that users can access from within the Applicant Tracking System (ATS).
CEO and Co-Founder of impress.ai Sudhanshu Ahuja shared that the company’s objective is to integrate the recruiting platform with all its customers’ existing technology stacks, including SAP SuccessFactors Recruiting, to manage high-volume recruitment needs. He further explained:
“This integration can help companies dramatically improve their hiring efficiencies and effectiveness, while simultaneously improving candidate experience. It’s a joyous moment for us to have impress.ai available on SAP Store for businesses using SAP solutions.”
A no-code, self-service platform, impress.ai automates the recruitment process, with the capability to standardise hiring processes across all recruiters, regionally and globally.
In today’s fast-evolving work environment, HR relies on recruitment platforms to ensure fair hiring and onboarding of the right talent who could seamlessly adapt to the organisation’s culture and branding.
impress.ai supports many organisations’ drive for fair hiring globally by delivering enterprise-ready seamless processes through a software-as-a-Service (SaaS) recruitment automation platform and multilingual, conversational AI technology. Harnessing the power of AI chatbots, the platform can create seamless autonomous interview experiences for candidates, answering queries as accurately as possible while simultaneously delivering competency assessments.
The system improves hiring diversity by masking potential biasing information like name, email, picture, and address while still displaying comprehensive job-related information. impress.ai ensures the candidates are evaluated purely based on a combination of factors related to the requirements of the role.
impress.ai works seamlessly with SAP SuccessFactors Recruiting, an end-to-end recruiting software– from sourcing to engaging and hiring the best talent with line-of-site analytics to provide intelligence and guidance along the entire recruitment process. Ideatory Australia Pty. Ltd.’s HR recruitment software also integrates with SAP cloud solutions using standard SAP-approved interfaces and APIs.
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Some of impress.ai’s biggest clients include Accenture, DBS Bank, and Singtel.
For SAP project management, our own TRP platform, InsideSAP Careers, not only helps organisations optimise internal talents but also the sustainability of SAP projects. Know more about Green Recruitment Strategy here.
Asia Pacific Compensation Software Market Will Grow By 10.8% 2020 Growth Statistics, Revenue Estimates, COVID-19 Impact, Industry Size, Global Share, Emerging Trends, Top Leading Players with Development Strategies and Forecast 2030 – UK Parents – UK Parents Lounge
Asia Pacific compensation software market will grow by 10.8% annually with a total addressable market cap of $3,725.6 million over 2020-2030 owing to the rising adoption of automated and digital HR technology amongst organizations.
Highlighted with 32 tables and 47 figures, this 116-page report “Asia Pacific Compensation Software Market 2020-2030 by Offering (Service, Solution), Deployment Mode (Cloud, On Premises), End User, Industry Vertical, and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Asia Pacific compensation software market and all its sub-segments through extensively detailed classifications.
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Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2015-2019 and provides forecast from 2020 till 2030 with 2019 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
– Market Structure
– Growth Drivers
– Restraints and Challenges
– Emerging Product Trends & Market Opportunities
– Porters Fiver Forces
The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify Asia Pacific compensation software market in every aspect of the classification from perspectives of Offering, Deployment Mode, End User, Industry Vertical, and Country.
According to Statista, as of 2021 data, the United States held over ~36% of the global market share for information and communication technology (ICT). With a market share of 16%, the EU ranked second, followed by 12%, China ranked third. In addition, according to forecasts, the ICT market will reach more than US$ 6 trillion in 2021 and almost US$ 7 trillion by 2023. In today’s society, continuous growth is another reminder of how ubiquitous and crucial technology has become. Over the next few years, traditional tech spending will be driven mainly by big data and analytics, mobile, social, and cloud computing.
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This report analyzes the global primary production, consumption, and fastest-growing countries in the Information and Communications Technology(ICT) market. Also included in the report are prominent and prominent players in the global Information and Communications Technology Market (ICT).
Based on Offering
– Managed Services
– Professional Services (further segmented into Design and Implementation, Consulting, Training and Education, Support and Maintenance)
Based on Deployment Mode
– Cloud-Based Product
– On-Premises Product
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Based on End-User
– Large Enterprises
– Educational Organizations
– Government Institutions
Based on Industry Vertical
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– Other Verticals
Geographically, the following national/local markets are fully investigated:
– South Korea
– Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
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The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Specifically, potential risks associated with investing in Asia Pacific compensation software market are assayed quantitatively and qualitatively through GMDs Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.
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Table Of Content:
1 Introduction 6
1.1 Industry Definition and Research Scope 6
1.1.1 Industry Definition 6
1.1.2 Research Scope 7
1.2 Research Methodology 10
1.2.1 Overview of Market Research Methodology 10
1.2.2 Market Assumption 11
1.2.3 Secondary Data 11
1.2.4 Primary Data 11
1.2.5 Data Filtration and Model Design 13
1.2.6 Market Size/Share Estimation 14
1.2.7 Research Limitations 15
1.3 Executive Summary 16
2 Market Overview and Dynamics 19
2.1 Market Size and Forecast 19
2.1.1 Impact of COVID-19 on the Market 21
2.2 Major Growth Drivers 23
2.3 Market Restraints and Challenges 26
2.4 Emerging Opportunities and Market Trends 29
2.5 Porters Fiver Forces Analysis 33
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What is the goal of the report?
The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes.
During the forecast period, the report analyzes the growth rate, market size, and market valuation.
The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
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This market report shows the projected market size for the Multi-Cloud Management Market at the end of the forecast period. The report also examines the historical and current market sizes.
On the basis of various indicators, the charts present the year-over-year growth (%) and compound annual growth rate (CAGR) for the given forecast period.
The report includes an overview of the market, its geographical scope, its segmentation, and the financial performance of key players.
The report examines the current state of the industry and the potential growth opportunities in North America, Asia Pacific, Europe, Latin America, and the Middle East, and Africa.
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This report covers aspects of the regional analysis market.
The report includes data about North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
This report analyzes current and future market trends by region, providing information on product usage and consumption.
Reports on the market include the growth rate of every region, based on their countries over the forecast period.
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The report analyzes companies across the globe in detail.
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Market reports provide information regarding recent developments, mergers, and acquisitions involving key players.
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This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
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