Boost Your B2B Market Growth with the Dedicated Magento 2 Enterprise Module
Businesses are shifting from offline to online at a faster pace than ever. The increased presence of digital commerce across all the spheres has highly influenced the relations between businesses and end users as well as between the companies.
Although B2C e-commerce is developing faster, Magento B2B websites are going to shape the future of e-commerce in the coming years. While different marketplaces are working with companies to explore new opportunities, there are dozens of new B2B e-commerce websites emerging worldwide. According to a research from Frost and Sullivan, B2B e-commerce sales is expected to reach $6.7 trillion by 2020, which will be 27% of all B2B sales.
When it comes to business to business e-commerce, most people think whether Magento and its newer versions qualify to meet the B2B needs. The difference between selling online to B2B customers is entirely a different scenario than B2C sales. From order placement to customer-specific loyalty programs, there’s a roster of challenges present at every stage of B2B website development and the commitments vary from customer to customer and so forth.
However, Magento has been making a unified approach with enhanced B2B functionalities from time and again by exploring the consumerization of B2B e-commerce and massive opportunities for Magento b2b marketplace. The newest offering by Magento is the dedicated enterprise module to increase the B2B capabilities of your online business.
Today, the B2B merchants want convenient, seamless, customized and self-service options, which B2C companies have long learned and implemented. When developing an online store, the merchants use Magento to get to market faster and serve both B2B and B2C customers.
Our experienced Magento team works directly with B2B companies to develop this robust Magento B2B e-commerce solution which is a flexible, cloud-based e-commerce suite leveraging complete Magento Commerce portfolio, allowing the companies to focus on their businesses rather than building vital B2B functionality from scratch. Here are the key features you can incorporate in your existing Magento store and delight your B2B customers:
1. Improved Bulk Ordering
Vendors get a robust order interface through which they can quickly upload a list of SKUs, copy previous orders, use requisition lists, and boost recurring purchases with swift re-orders. They can also streamline bulk orders by bulk pricing tiers, per unit costs and discounts based on the order size range.
2. Multi-Channel support
Using custom branding to manage multiple online brands in different geographies, including both B2B and B2C portals.
3. Master Inventory Management
This gives you the ability to track inventory across multiple warehouse locations and make it easy for your business clients to manage their inventory, from drop-shipping to scheduled deliveries.
4. Seamless Business System Integrations
Magento is the most flexible ecommerce platform which seamlessly integrates with your existing backend systems. The Magento global community of developers includes many e-commerce-specific extensions and customized systems, giving you a faster promotions at the lowest Total Cost of Ownership.
5. Custom Catalogs and Price lists
With Magento B2B module, vendors can build custom product catalogs and pricing lists for specific B2B customers or customer groups.
6. Robust Account Management
Vendors can easily manage your client accounts by setting roles and permissions, and creating tiered users and customers. Moreover, vendors can add and delete users, view detailed order histories, create groups and allow different groups of customers to buy certain products.
7. Order Quotes & Price Negotiations
You get a built-in workflow for requesting order quotes and business to business price negotiations.
So, are you ready to move to B2B? We are here to help you integrate and use Magento’s newest B2B module. Contact us to get more information about this solution and our other B2B website development and Magento services.