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7 ways to automate your eCommerce store & derive improved results

tagalys
|
April 1, 2023
|
Min read

How do I make my eCommerce business successful? At some point, we’ve all pondered over this question.When you observe successful eCommerce stores, you will notice that it is strategy and scalability that get a small-time business out from a garage and onto the global stage. As your venture thrives and expands, you would need to incorporate several changes to boost production while cutting down costs. One of the easiest ways to maintain scalability and profitability, especially in the long run, is automation.Automation in e-commerce streamlines your standard workflows and improves business efficiency. Most importantly, it frees up valuable resources so that you can dedicate them to core business processes. Here are seven automation ideas that eCommerce stores must embrace to register success:

Customer Experience and Support

At present, CX or Customer Experience reigns supreme and can make or break a store. Hence, the first step should be to incorporate website automation for shaping CX. Whether it is to run campaigns to reward and attract your loyal customers or use chatbots to address customer queries, automation should be your first line of defense.

Product Cataloging

eCommerce
Source

Managing product catalog can be difficult when you have a vast and extensive line of products. Further, the catalog is subject to changes in price, availability, specifications, etc.. Fortunately, stores can manage it seamlessly through eCommerce merchandising automation. A reliable tool can smartly manage listings and make intelligent product recommendations, making it a dual-edged sword that every eCommerce store must have!

Send Abandoned Cart reminders

Not everything that makes it to the cart will make it past checkout. Use automated systems to send cart abandonment push notifications or emails and encourage them to go ahead with the purchase. Moreover, when such campaigns receive a positive response, you can use campaign-specific product positioning to upsell other goods too!

Merchandising for sales automation

eCommerce
Source

Naturally, as an eCommerce store, your primary purpose is to register sales. And according to a San Diego State University market research, businesses can effectively employ eCommerce merchandising to bump up their sales. An effective eCommerce merchandising strategy can improve efficiency, respond dynamically to marketing campaigns, sort products for maximum optimization, and more!

Automating payment options

Your payment process is the fine line between an abandoned cart and a successful purchase. eCommerce automation at this final stage could reward you handsomely. Use automation to make the payment process enjoyable and hassle-free. Does your customer have a preference for a specific payment gateway? Make it the default payment option and facilitate one-click payment to automate the checkout experience!

Audit & Inventory Management

eCommerce
Source

Much like product cataloging and listing, managing inventory can be tedious and time-consuming as eCommerce stores grow and mature. You can automate this area through inventory management tools that capture and sync data across platforms using a centralized data repository.

Purchase Order automation

Based on the inputs from inventory management tools, eCommerce stores can set triggers for issuing purchase orders when the items are running out of stock. As a result, your suppliers will keep you well-stocked even at the peak of high volume sales!

Wrapping it up

eCommerce automation is the golden Midas’ touch that differentiates a successful store from a struggling counterpart.Upon perusing over the seven ways to automate your eCommerce store, as listed above, you will notice that a dynamic merchandising solution addresses multiple areas in a single stroke! From helping your marketing campaigns to increasing revenue through sales,eCommerce merchandising solutions, such as Tagalys, can help you reach all your goals!References:https://www.bigcommerce.com/https://blog.hubstaff.comhttps://www.netohq.com/blog/ecommerce-automation-10-ways-to-scale-up

The Evolution of KYC

KYC is a fundamental regulatory requirement aimed at preventing money laundering, fraud, and identity theft. Historically, KYC involved manual verification processes that required customers to submit physical documents, leading to delays and potential errors. The advent of digital KYC has transformed this space, enabling faster, more accurate, and seamless verification processes.

Image courtesy of Vlada Karpovich via Pexels

Vision and Approach

Neokred is at the forefront of this digital transformation, offering cutting-edge solutions that simplify and streamline KYC procedures. Their approach is rooted in leveraging advanced technologies such as artificial intelligence (AI), machine learning (ML), and blockchain to create a secure, efficient, and user-friendly KYC process.

“In a world older and more complete than ours they move finished and complete, gifted with extensions of the senses we have lost or never attained, living by voices we shall never hear.”

Key Features of Digital KYC Solution

  • AI-Driven Verification
    Neokred uses sophisticated AI algorithms to verify customer identities in real-time. By analyzing patterns and detecting anomalies, AI ensures that only genuine documents are accepted, significantly reducing the risk of fraud.
  • Seamless User Experience
    The platform is designed with the end-user in mind, offering an intuitive interface that guides customers through the verification process effortlessly. Users can upload documents, capture selfies, and complete verification steps from the comfort of their homes.
  • Blockchain Security
    Blockchain technology enhances the security of KYC data by creating an immutable ledger that is resistant to tampering. This ensures that customer data is protected and can be audited with transparency.

Success Stories

Neokred is at the forefront of this digital transformation, offering cutting-edge solutions that simplify and streamline KYC procedures. Their approach is rooted in leveraging advanced technologies such as artificial intelligence (AI), machine learning (ML), and blockchain to create a secure, efficient, and user-friendly KYC process.

Conclusion

Digital KYC solution represents a significant leap forward in the way businesses approach identity verification. By harnessing the power of AI, blockchain, and seamless integration, not only simplifies the KYC process but also enhances security and compliance. For businesses looking to stay ahead in a competitive market, embracing innovation could be the key to unlocking greater efficiency, cost savings, and customer satisfaction.

Share it with the world!

How do I make my eCommerce business successful? At some point, we’ve all pondered over this question.When you observe successful eCommerce stores, you will notice that it is strategy and scalability that get a small-time business out from a garage and onto the global stage. As your venture thrives and expands, you would need to incorporate several changes to boost production while cutting down costs. One of the easiest ways to maintain scalability and profitability, especially in the long run, is automation.Automation in e-commerce streamlines your standard workflows and improves business efficiency. Most importantly, it frees up valuable resources so that you can dedicate them to core business processes. Here are seven automation ideas that eCommerce stores must embrace to register success:

Customer Experience and Support

At present, CX or Customer Experience reigns supreme and can make or break a store. Hence, the first step should be to incorporate website automation for shaping CX. Whether it is to run campaigns to reward and attract your loyal customers or use chatbots to address customer queries, automation should be your first line of defense.

Product Cataloging

eCommerce
Source

Managing product catalog can be difficult when you have a vast and extensive line of products. Further, the catalog is subject to changes in price, availability, specifications, etc.. Fortunately, stores can manage it seamlessly through eCommerce merchandising automation. A reliable tool can smartly manage listings and make intelligent product recommendations, making it a dual-edged sword that every eCommerce store must have!

Send Abandoned Cart reminders

Not everything that makes it to the cart will make it past checkout. Use automated systems to send cart abandonment push notifications or emails and encourage them to go ahead with the purchase. Moreover, when such campaigns receive a positive response, you can use campaign-specific product positioning to upsell other goods too!

Merchandising for sales automation

eCommerce
Source

Naturally, as an eCommerce store, your primary purpose is to register sales. And according to a San Diego State University market research, businesses can effectively employ eCommerce merchandising to bump up their sales. An effective eCommerce merchandising strategy can improve efficiency, respond dynamically to marketing campaigns, sort products for maximum optimization, and more!

Automating payment options

Your payment process is the fine line between an abandoned cart and a successful purchase. eCommerce automation at this final stage could reward you handsomely. Use automation to make the payment process enjoyable and hassle-free. Does your customer have a preference for a specific payment gateway? Make it the default payment option and facilitate one-click payment to automate the checkout experience!

Audit & Inventory Management

eCommerce
Source

Much like product cataloging and listing, managing inventory can be tedious and time-consuming as eCommerce stores grow and mature. You can automate this area through inventory management tools that capture and sync data across platforms using a centralized data repository.

Purchase Order automation

Based on the inputs from inventory management tools, eCommerce stores can set triggers for issuing purchase orders when the items are running out of stock. As a result, your suppliers will keep you well-stocked even at the peak of high volume sales!

Wrapping it up

eCommerce automation is the golden Midas’ touch that differentiates a successful store from a struggling counterpart.Upon perusing over the seven ways to automate your eCommerce store, as listed above, you will notice that a dynamic merchandising solution addresses multiple areas in a single stroke! From helping your marketing campaigns to increasing revenue through sales,eCommerce merchandising solutions, such as Tagalys, can help you reach all your goals!References:https://www.bigcommerce.com/https://blog.hubstaff.comhttps://www.netohq.com/blog/ecommerce-automation-10-ways-to-scale-up

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