Market Place

Both consumer and business on-line shopping has increased significantly in recent years. 67% of consumers report that they shop differently since the pandemic and this digital transformation of buying habits has led to a rise in marketplace platforms, where multiple sellers can offer their products.

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The marketplace platforms offer product diversity, convenience and accessibility. Shoppers can use the sites to shop, using a multiple of devices from mobile phones to laptops, and buy from anywhere in the world.

The marketplace platforms also use social media to sell products and this helps engage consumers across the age groups.

Sites such as eBay and Amazon have been front-runners in innovative technology to make the customer and consumer experience.

What is Sage 50 Accounts and Marketplace Integration?

Zynk transfers orders, sales and payments from your marketplace store into Sage 50 Accounts, reconciling payments and updating stock in real-time.

Websites such as eBay and Amazon can be busy, with typically smaller but numerous orders, all of which needs picking, packing and dispatching with a short-time frame. As payment is received immediately, it is important that the information is transferred promptly.

Why is Sage 50 Accounts and Marketplace Integration Important?

As businesses recognise the opportunities presented by having marketplace stores, they also need to ensure that stock is accurate, especially if they sell across numerous platforms, including their own e-commerce website and direct to consumers.

Updating stock levels in real-time can mean the difference between securing a sale and not.

It is also important to record the transactions accurately in Sage 50 Accounts, and Zynk can integrate your marketplace store and Sage so that sales, payments and charges are reflected in your accounting software.

What are the key benefits of Sage 50 Accounts and Marketplace Integration?

  • Streamlined Operations: Automates the transfer of sales data from eBay, or Amazon or your marketplace store to Sage 50 Accounts, reducing manual entry and minimising errors.
  • Real-Time Updates: Ensures that inventory levels are updated in real-time, helping to prevent overselling and stock discrepancies.
  • Enhanced Reporting: Combines financial data from Sage 50 Accounts, with sales data from your store, allowing for more comprehensive reporting and insights into business performance.
  • Improved Cash Flow Management: reflecting the receipts taken on your marketplace platform in Sage 50 Accounts can enhance cash flow management.
  • Centralised Financial Management: Keeps all financial data in one place, simplifying accounting processes and making it easier to manage finances.
  • Better Customer Management: Helps track customer orders and interactions across platforms, improving customer service and retention.
  • Time Efficiency: Reduces the time spent on administrative tasks, allowing businesses to focus on growth and customer engagement.

Examples of Marketplace to Sage connectors

  • Amazon
  • eBay
  • ManoMano
  • Mirakl
  • Rithum
  • Virtualstock

For more information about how we can help you connect your Marketplace websites to your accounting software, please contact us.

You can also email or call 01909 512182.

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If you would like more information on how Real World Business can train your team, install and configure Sage software or provide business integration then contact us. You can also email info@realworldbusiness.co.uk or call 01909512182.