| John Burson edited Thursday, September 21, 2023 |
Subscribe |
Many businesses traditionally relied on antiquated platforms like fax, phone, email, and handwritten orders to conduct business. The methods were slow and error prone calling for the emergence of more accurate e-commerce platforms like NuORDER that has improved sales by over 17%, reduced costs, and helped businesses to make sales 33% faster than before.
SaaS-based B2B e-commerce platforms provide businesses with a holistic solution that is continuously managed and updated. Here’s is a clear elaboration of critical components of the modern B2B e-commerce platform and their benefits:
1) Enabling Sales
B2B commerce platforms provide useful tools for sales teams to acquire more buyers, increase average order value and revenue, and retain existing clients through marketing automation, digitization, and personalization.
- Customized Linesheets
E-commerce solutions provide flexible tools for creating graphic line sheets in minutes hence saving time you would spend designing, drafting, and printing such materials. Additionally, your sales teams can easily change and update line sheets in line with buyer’s preferences.
- Flexible Costs
After spending a long time building special relationships with your buyers, a B2B e-commerce solution provides a tool for customizing your pricing for specific buyers without affecting the general price tags for other buyers.
- Online Ordering
Sales reps usually facilitate most wholesale purchases but other purchases and restocking can always be automated through self-service platforms. Provide your clients with online purchasing experience 24/7 to reduce delays and save costs.
2) Marketing
- Email Marketing Campaigns
Modern B2B eCommerce solutions provide options for email marketing for creating and sending promotional emails to buyers. You can use the tool to push out customized line sheets, notify buyers of new merchandise, and enhance your sales.
- Merchandizing
Branding and merchandising your product is necessary for exposing your brand and improving sales. A B2B e-commerce platform allows you to create a unique online experience with merchandising capabilities through custom imagery, descriptions, banners, and layouts.
3) Mobile Applications
Mobile applications allow sales reps to have a fast and flexible alternative to tons of printed catalogs. They can view inventory, search products, create line sheets, and dispatch proposals on the go.
4) Tradeshow Platforms
- Offline Tradeshows
Most tradeshows do not have access to the internet. B2B solutions provide mobile apps that enable offline access and automatic updates once you restore the connectivity.
- Barcode Scanning Capabilities
When the mobile app is linked to a barcode scanner, your sales reps get a powerful tradeshow solution by replacing handwritten orders, highlighting products, and page flipping.
5) Report Generation
A B2B Commerce solution boosts better decision making by generating common reports on buyers, inventory, and sales.
6) Integration with ERP
When you integrate your B2B commerce platform with ERP, you can significantly improve efficiencies within your business. The automation allows automatic order entry and real time inventory updates hence reducing order entry errors by up to 99% and eliminating handwritten typos.
US Immigration: Big increase in EB–5 visa fees proposed
The DHS proposed changing the fees for some immigration and naturalization benefit requests, including the EB-5 and H-1B visa programs.
Questions for the EB-5 Market in 2024 (and Our Bold Predictions)
Navigating the EB-5 landscape in 2024 is like forecasting the stock market – unpredictable yet crucial! The 11 burning questions and bold predictions for this year's market are out.
India Seems to Want to Lose its Millionaires and High-Tech Workers in Eb5 Race
India Seems to Want to Lose its Millionaires and High-Tech Workers in Eb5 Race
Exciting Update for Indian EB-5 Golden Visa Applicants
The EB-5 program or the US golden visa, provides a special road for overseas investors to seek permanent residency and Green Cards in the US.
EB-5 Visa Fraud! Investors seeking permanent residency in the US cheated
Under the EB-5 Immigrant Investor Program, investors are eligible for permanent residency status in America.
Fee increase for EB-5
A significant announcement by the United States Citizenship and Immigration Services on January 31, 2024
Using Loans or Gifts for EB-5
Explore the feasibility of financing your EB-5 investment through loans or gifts, understanding the USCIS's source of funds analysis, and ensuring your funds are lawfully obtained. Learn the requirements for using personal assets as collateral or receiving a bona fide gift for your EB-5 journey
Paperfree Concierge
Get dedicated service, from finding the right information to complex investment challenges.