Best Magento ERP Extensions To Optimize Your Business

Handling many tasks like orders, inventory, and customer information can be overwhelming and lead to mistakes.

This is where Enterprise Resource Planning (ERP) systems come in. These tools integrate smoothly with your Magento store, helping you improve essential business tasks.

Within the Magento platform, you can simplify purchasing, automate order processing, manage stock, sync data across channels, and provide excellent customer experiences.

What is Magento?

Magento is an open-source e-commerce platform designed explicitly for building e-commerce websites.

Its source code is available under the Open Software License. Adobe Inc. acquired Magento in May 2018 for $1.68 billion.

What is ERP?

ERP is a software solution designed to integrate and manage a company’s core business processes:

• Product planning
• Procurement
• Order fulfillment
• Customer relationship management
• Finance and Accounting
• human resources, and more.

ERP systems allow businesses to streamline operations, boost efficiency, and enhance collaboration across departments. By automating and integrating essential processes, ERP helps organizations optimize resource allocation, cut costs, and make informed decisions based on real-time data.

With its comprehensive features and functionalities, ERP is a tool for achieving operational excellence and boosting growth in today’s competitive market.

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Best Magento ERP Extensions To Optimize Your Business

1. Oracle ERP Integration

Magento Oracle ERP Integration automates order management by syncing between platforms, inventory levels, order statuses, and shipping details.

By integrating Magento with an ERP system, you can centralize order fulfilment and eliminate the need for manual data entry. This reduces the risk of errors and saves valuable time, allowing for more efficient and streamlined operations.

The extension scales with your store, maintaining efficient operations as your business expands. It helps you simplify processes, improve efficiency, and manage all aspects of order fulfilment from a single platform.

Details:

Creating Custom Integration: Experts build scripts or middleware from scratch to connect Magento with Oracle, providing complete control.

• 14 years in the Market
• 200+ e-commerce specialists
• 92% customers NPS
• 500 Project launched

Features:

• Automate business processes to reduce errors and save time.
• Improve inventory management and avoid stock issues.
• Personalise customer support with customer data and order history.
• Gain valuable insights from performance data.
• Automate tasks to enhance resource allocation and process efficiency.

Pros: 

• Efficiently remove redundant and duplicate data.
• Automatically synchronize newly placed orders.
• Ensure real-time data transfer with solid security measures.
• Enable smooth, automatic data transfer between Magento and Oracle ERP.

2. SAP Business One

SAP is an ERP system that integrates all company modules, enabling inter-departmental communication and managing operations across various business functions like Finance, CRM, Process Management, Service Management, Stock Management, and Supply Chain.

Netable’s SAP Integration extension directly syncs SAP Business Partners, Stock Item Data, Sales Orders, and Service Calls with your Magento 2 website.

It supports daily operations and manages business growth complexities, making it suitable for B2B and B2C sites.

The extension eliminates data discrepancies and inconsistencies, while automated cron processes ensure real-time updates. Thus, you and your customers have access to the latest critical business data.

Price: $17,000.00

Available Options (Edition): 

1. Adobe Commerce (cloud)
2. Magento Open Source

Current Version: 1.0.4

Details:

• 21 years in the Market
• 24+ ERP Integration Completed
• 100+ Magento Websites in AWS
• 364+ Website Launched

Features:

Stock Item or Product Sync

• Synchronize simple, configurable, and grouped product types.
• Optimize queries to sync 10,000 product data in 10 minutes (Tested in production).
• Require customization for multi-store support.
• Customize mapping of product attributes with SAP parameters.
• Configure synchronization with CRON.
• Customize the ability to receive daily event and exception reports via email.

Pricing Sync: 

• Synchronize various pricing policies, such as tier price and customer group pricing.
• Support multiple stores seamlessly.
• Fetch prices in real-time.

Business partner or Customer Sync:

• Enable two-way synchronization of customers.
• Optimize queries to sync 30,000 customers in 15 minutes.
• Ensure complete synchronization of customer data, including billing and shipping addresses.
• Assign customers to different groups based on SAP-defined customer groups.

Service Call & Equipment Card Sync:

• Ensure real-time synchronization of service calls.
• Facilitate real-time synchronization of equipment cards.
• Automatically update Magento status when SAP status changes.
• Enable on-the-fly customer creation in SAP when new customers request new service calls.

Pros: 

• SAP manages every aspect of your business, providing all the necessary tools for smoother operations.
• Have finance, HR, supply chain management, e-commerce, and beyond functionality.
• The company provides trusted software that quickly connects with other apps, uses the latest technologies & can be quickly deployed in the cloud or with ERP support.

3. Magestore’s Magento ERP

Magestore’s Magento ERP solution integrates seamlessly with Magento stores without needing connectors or back-end logins.

It centralizes and synchronizes sales data across departments, streamlining business operations.

As a progressive web app (PWA) ERP, it allows front-end management of back-office tasks, including real-time inventory data syncing.

With features like forecasting, purchase order creation, and order tracking, this ERP tool reduces workload and errors while enhancing security with customizable permissions.

Details:

• 10 years of Magento experience
• 10,000+ customers Worldwide
• 50+ Countries have retailers powered by Magestore
• 250+ Retail experts to help you succeed

Features:

• Monitor product status and locations across warehouses.
• Automate purchasing tasks.
• Manage omnichannel orders seamlessly.
• Set user permissions.
• Analyze sales performance with advanced inventory reports.

Pros: 

• Streamlined integration with Magento websites.
• Seamless synchronization of data across different departments.
• User-friendly interface for easy navigation and management.

4. Sage ERP

Sage 300 integration for Magento 2 connects both systems to enable seamless data transfer and automate business processes. This integration streamlines operations, enhances efficiency, and minimizes manual errors by facilitating real-time syncing of customer, order, and product information, along with inventory updates and financial reporting.

Customizable integration options allow businesses to tailor the solution to their needs, resulting in improved order fulfilment, shipping processes, payment processing, and financial reporting.

Ultimately, this integration enhances the customer experience and improves bottom-line results.

Netable’s Sage 300 Integration extension directly syncs Sage 300, Stock Item Data, Sales Orders, and Invoices with your Magento 2 website.

It ensures control over daily operations and manages business growth complexities. The extension eliminates data discrepancies and inconsistencies, making it suitable for B2B and B2C sites.

Automated cron processes provide real-time updates, ensuring you and your customers have access to the latest critical business data.

Price: $12,000.00

Available Options (Edition): 

1. Adobe Commerce (cloud)
2. Magento Open Source

Current Version:1.0.1

Details:

• 43+ years in the Market
• 6.1 million customers worldwide

Features:

• Ensure real-time data synchronization between Sage and Magento 2.
• Automatically update customer, product, and order information.
• Manage and control inventory effectively.
• Generate accurate financial reports and track finances efficiently.
• Support multiple currencies seamlessly.
• Improve order management and streamline fulfilment processes.
• Enhance customer experience with real-time updates on orders.
• Automate invoicing and streamline billing processes.
• Support multiple Magento stores from a single Sage 300 instance.

Pros: 

• Get more sales from existing customers (60-70%).
• Allow users to use the ERP on various mobile platforms like Android, iOS, and Windows.

5. NetSuite

NetSuite is an ERP solution designed for growing businesses, offering modules for Financial Management, CRM, Business Process Management, Supply Chain & Distribution, Job Costing, and Stock Management.

It supports daily operations and simplifies managing business growth complexities.

The platform accommodates large international corporations and smaller companies, making it suitable for diverse operational environments.

Netable’s NetSuite Integration extension synchronizes NetSuite data with your Magento 2 website. It supports B2B and B2C sites and syncs orders, stock, inventory, pricing, customers, and business policies.

This integration ensures timely order fulfilment, accurate product availability, and real-time visibility of order statuses, enhancing business efficiency and productivity.

It eliminates data discrepancies and inconsistencies, updating in real-time to give customers access to the latest critical business data.

Price: $7,000.00

Available Options (Edition): 

1. Adobe Commerce (cloud)
2. Magento Open Source

Current Version: 2.0.2

Features:

Product sync:

• Sync simple product types
• Optimized query to sync  25,000 product data only in 10 mins
• Category Sync (Customization required)
• Multi-store support (Customization required)
• Sync configured with CRON
• Get event and exception reports daily in your email

Inventory Sync: 

• Multiple inventory support (Customization required)
• Multi-store support (Customization required)
• Real-time inventory fetching.
• Receive daily event and exception reports via email.

Customer Sync:

• Two-way synchronization of customers.
• Optimized query: 8000 customers synced in 4 minutes (Tested in production).
• Complete synchronization of customer data, including billing and shipping addresses.
• Assign customers to different groups based on parameters defined in NetSuite.
• Sync credit limit for different customer groups (Customization required)

Order Sync:

• Ensure real-time order synchronization without delay.
• Automatically create customers in NetSuite when new customers place guest orders in Magento.
• Update order status changes in NetSuite.

Pricing Sync

• Synchronize various pricing policies, including tier price and customer group pricing.
• Requires customization for multi-store support.
• Customization is needed for real-time price fetching.
• Receive daily event and exception reports via email.

Pros: 

• Eliminate errors caused by manual data entry.
• Get accurate product information online.
• Map product attribute with NetSuite data (Customization required)

Can Magento be an eCommerce ERP?

Magento includes essential tools to handle customers, products, orders, shipping, and payments.

Some Magento ERP software can even help with product distribution and managing suppliers.

Adding Magento extensions or using Magento’s tools can transform your Magento into a single hub for managing your retail business.

These tools can enhance Magento Store features, allowing you to keep track of all your business tasks and increase your efficiency daily.

Benefits of Integrating Magento with ERP

Efficient Operations

Integrating Magento with an ERP system enhances business efficiency by centralizing data management.

• Automatically update stock levels when orders are processed.
• Enhancing inventory management efficiency and reducing overselling risks.

Improved Customer Experience

• Enables real-time order tracking and updates for customers and store admins.
• Enhances shopping satisfaction.
• Personalized product suggestions.

Ensuring Data Accuracy And Integrity

• Ensures precise and consistent data across order management, inventory tracking, and financial reporting.
• Automatically syncs customer information from Magento to ERP.
• Reduces manual data entry and minimizes data duplication or errors.

Enhanced Profitability And Decision-Making

• Analyzes sales trends, customer behaviour, and inventory performance.
• Identifies best-selling products and optimizes pricing strategies.
• Accurately forecasts demand to enhance profitability and strategic decision-making.

Scalability And Adaptability For Business Growth

Magento ERP integrations offer flexibility and scalability, supporting your business as it expands.

• Handles increased transactions, new product lines, and additional sales channels.
• Smoothly integrates new warehouses, suppliers, or sales channels.

Conclusion

Connecting ERP with Magento can bring many benefits to online businesses, but it requires a lot of money and time. It’s essential to evaluate what you have now, determine your business needs, make a list, and choose reliable providers.

Integrating Magento with ERP can give your business an edge, making it a good investment. The sooner you decide, the more money you’ll save later on.