ResourcesGuide to unified commerce
Jun. 02, 2024
Retail Management

Guide to unified commerce

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What is unified commerce

Unified commerce is a strategy that enables a seamless shopping experience across all touchpoints while helping businesses to eliminate existing siloes between different business systems and sales channels. It integrates frontend experiences such as product discovery, retail journey, and customer interactions with backend processes such as order fulfillment and returns on a single cohesive platform. This helps create a unified experience for customers, business owners and staff.

There is a reason why unified commerce is more relevant today than it ever was. With changing purchase behaviors and a customer expectation for immediate solutions, retailers and businesses cannot simply rely on multichannel retail processes. A key problem that plagues commerce today is the fragmentation of processes, operations, and strategies. Although many businesses have moved from legacy tools to more modern solutions that sync data between channels and platforms, the results are far from satisfactory.

Unified commerce fills existing gaps and helps businesses to address unmet customer needs, enhance back operations, and scale at will.

Unified commerce vs. omnichannel

Omnichannel ensures all your sales channels communicate effectively. Unified commerce goes a step further by being customer-centric, seamlessly connecting all sales channels in real-time. This connection allows for a constant flow of data across different systems, improving the overall customer experience.

Omnichannel strategy ensures customers get a fluid and seamless shopping experience on any device or touchpoint. It eliminates data silos and ensures all customer interactions and behaviors are updated in real-time. This ensures a harmonious shopping and buying experience for customers.

While omnichannel focuses on the frontend or customer-facing side of a retail business, a unified commerce system goes a step further and ensures backend processes are omnichannel too.

In other words, a unified commerce system integrates all business processes to create a single source of truth that ensures businesses, their staff, and customers experience seamlessness and frictionless operations. Most importantly, unified commerce generates richer insights by integrating data from both the backend and frontend processes.

Importance of unified commerce for retail

Operational efficiency

The retail industry often struggles to meet consumer demand for an enhanced ed shopping experience. Most customers are now used to seamless shopping experiences across channels, and when retailers are unable to fulfill this key expectation, they often lose customers. Worse, the brand reputation may suffer as well. Unified commerce helps retail businesses to view and manage all data in real time on a single interface. This helps ensure that every department in the backend, from inventory management to order management, can work in symphony at all given times. Most importantly, a unified commerce system helps implement superior customer relationship management thanks to a unified customer view.

Multichannel integration

Multichannel retailing recognizes the need to make products available at different touchpoints. It helps ensure customers can purchase goods on every popular platform, enhancing product view and accessibility. However, this does not address the fact that customers often purchase offline at physical stores, too. Moreover, they may begin their journey at a particular touchpoint and end their shopping journey elsewhere. For instance, they may browse products on an e-commerce app but end up placing the order after viewing it at your physical store. If these diverse customer interactions with products are not accounted for, you will miss valuable opportunities to provide a seamless shopping experience. Integrating multiple channels helps ensure that customers can move seamlessly between touchpoints and complete their buying journey in a non-linear manner.

Real-time inventory across channels

As customer expectations evolve and competitors increasingly meet their demands, it becomes a business imperative to ensure that orders are fulfilled efficiently and seamlessly across touchpoints.

Unified commerce systems adopt an omnichannel strategy and ensure inventory is visible on all platforms in real-time. This helps retailers to manage their inventory and stock levels efficiently and ensure that issues related to understocking and overstocking are reduced.
Most importantly, customers will not return disappointed, and you will not miss out on any sales opportunity because of bottlenecks in inventory management.

Streamline complex order management

It's a well-known fact that orders are getting more diverse and complex in recent years. Customers simply do not follow a linear strategy to complete their buying journey. They often travel back and forth before randomly purchasing on a touchpoint that you may not be able to predict initially.

This causes complexities in order management as frontend processes are just a part of retail management. Backend processes such as procurement, tracking and fulfilling orders, and ensuring customers receive their products on time involve a number of steps. Unified commerce helps streamline complex order management by centralizing order processing across different sales channels.

It also enters all orders automatically and routes them through fulfillment centers and warehouses most efficiently. This helps minimize shopping costs and ensures customers can track their orders and receive timely updates. Unified commerce also enables you to manage returns and exchanges seamlessly, which reduces online complaints and negative reviews.

Seamless POS integration

An essential feature of unified commerce is an integrated POS that provides a consistent payment processing experience across all channels and touchpoints.

This helps ensure a consistent customer shopping experience while your staff gains access to a single view of all relevant data. Centralized data and unified inventory management help process payments quickly and easily, enabling a true omnichannel experience.

Please note that mere omnichannel tools tend to focus on frontend processes and do not support backend processes extensively. A unified commerce system helps tie various frontend and backend processes together while ensuring seamless payment processing across touchpoints and channels. This also helps you gain insights related to sales, revenue figures, and certain unique customer preferences.

Flexible customer journey

By definition, unified commerce enables a coordinated and cohesive buying journey for all customers.

This ensures they can start from where they left off, regardless of the touchpoints. All data is synced and updated in real-time so customers do not have to enter or reenter information. This consistent shopping experience ensures customers get a consistent brand experience online, offline, and on social media.

Most importantly, it enables a flexible customer journey. You can easily support two popular flexible buying strategies: buy online, pick up in-store (BOPIS) and buy online, return in-store (BORIS). The result is a happy and satisfied customer who will not stray away from your brand to your competitor's.

Unified data

The most important feature of a unified commerce system is its ability to integrate data from all sources and deliver accurate and relevant analytics.

Businesses can quickly understand customer behavior and preferences and make decisions that lead to better marketing results. Most importantly, unified commerce creates a single source truth that also helps rev up backend processes.

This ensures that you can streamline disparate processes and identify opportunities for growth, enhanced efficiency, and reduced expenses. Finally, unified data eliminates confusion and errors and helps you provide the best customer service possible.

Schedule a no-obligation call with one of our experts to get expert advice on how Priority can help streamline your operations.

Key components of a unified commerce solution

Central data hub

A Central Data Hub is an essential component of a unified commerce solution.

It acts as a repository of all data that is updated in real-time. It forms the backbone of a cohesive business platform that enables retail businesses to implement successful marketing and sales campaigns and ensure that checkouts take place smoothly.

In addition to providing customers with a seamless shopping experience, a Central Data Hub acts as a historical treasure trove of data that updates changes in real-time. This ensures that a single source of truth is available to all departments, both in the front end and the back end.

Consequently, businesses can implement an omnichannel strategy quickly and ensure revenue growth.

Omnichannel order management system (OMS)

An Omnichannel Order Management System (OMS) is a vital module within a unified commerce system.

It helps you fulfill orders quickly and easily across multiple touchpoints without friction. This results in enhanced customer experience and a reduction in churn rate. An OMS is essential to process orders seamlessly across touchpoints.

You will have 360-degree visibility of customer profiles, product locations, and different backend processes. As a result, you can route orders and allocate resources efficiently while supporting different fulfillment options.

Omnichannel inventory management system

Like an Omnichannel Order Management System, an Omnichannel Inventory Management System further supports an omnichannel ecosystem, allowing retailers and businesses to manage their stock efficiently across locations and platforms.

For instance, retailers with multiple warehouses and distribution centers can quickly and efficiently manage all their inventory in the backend.

Storefront staff can view the exact number of products available at each location and ensure that the prices and discounts offered do not differ across touchpoints.
An Omnichannel Inventory Management System is essential to keep e-commerce and physical retail sales in sync and ensure smooth movement of products.

Customer relationship management (CRM) system

A unified commerce system is a holistic solution that helps businesses to manage backend processes while ensuring that customer satisfaction remains at impressive levels. Consequently, an important component of a unified commerce system is a CRM.

The CRM is constantly updated with each customer interaction and changes in behavior so that the latest and the most relevant data is available to all parties concerned. Thanks to a unified customer profile, personalized shopping experiences are made easy and accessible across touchpoints.

This results in enhanced customer satisfaction and reduced churn rates.

E-commerce

Unified Commerce Solutions has powerful e-commerce features that help retailers take their online business to the next level.

In addition to being the primary interface for customers to browse and shop for products, it also synchronizes with backend modules to display a unified product catalog that has the latest and the most accurate product descriptions, images, and pricing.

Customers can easily check availability and manage their buying journey across touchpoints. A unified commerce solution also comes with a powerful personalization and recommendations engine that fetches the most relevant products to customers based on their user behavior and previous interactions.

It also makes payments easy and quick, while ensuring you adhere to regulatory compliances.

Point of sale (POS) system

While investing in a unified commerce solution, ensure it comes with an advanced point-of-sales (POS) system.

A versatile POS system that supports an omnichannel retail strategy ensures that your staff can process payments anytime, anywhere. In addition, it helps your backend staff procure raw materials and pay for them without difficulties.

An integrated POS system takes matters a step ahead, eliminating the need for manual payment details entry. It accepts and processes all types of payments on the system without sending customers' information to third-party services. Hence, the trick is to look for a unified commerce system with an integrated POS system.

Who should implement a unified commerce strategy?

Retail businesses

Regardless of their size, all retail businesses benefit from a unified commerce strategy. It helps them synthesize frontend operations with backend processes, resulting in a cohesive and synchronized business strategy. Both small and medium-sized businesses (SMEs) and large retail enterprises can implement a unified commerce strategy to enhance operational efficiency, customer satisfaction, and revenue figures.

Omnichannel retailers

Retailers using an omnichannel tool to manage their frontend and customer-facing processes can upgrade to a unified commerce strategy. This strategy helps them more efficiently synchronize their backend processes, such as logistics management, inventory management, and order fulfillment. A unified commerce strategy not only enhances customer satisfaction but also applies the same omnichannel philosophy to backend processes.

Implementing unified commerce: A step-by-step guide

Implementing unified commerce is easy as long as you're well prepared for it. A step-by-step approach ensures that your implementation is successful and produces the results you expect.

Conduct an audit

The first step towards moving towards a unified commerce strategy is to understand how your business fares at the moment in all respects. To do that, here are some tips:

  • Evaluate your current software tools, business processes, sales channels, and data management techniques.
  • Identify where you are experiencing bottlenecks and how siloed data is affecting your operations.
  • If you use multiple software tools to conduct your business, you probably already have data stored in siloes, resulting in operational inefficiency.
  • It is also important to understand what difficulties your customers face. Hence, customer surveys can be useful at this point too.

Identify your unified commerce goals

Once you have identified your strengths and weaknesses, it is important to understand how you can fix existing gaps with technology and improvements to processes. Here's how to do that:

  • Brainstorm with decision makers to shortlist your unified commerce goals. This could range from being able to scale to improving backend operations.
  • Analyze feedback from customers to understand their pain points so that you can fix them.
  • Collect your staff's opinions regarding difficulties in business operations as well.

Choose the best available option

Once you have a list of goals to achieve, the next step is to find a product that will solve all your problems. Here's how to choose a unified commerce system:

  • Scour the market for available options and read customer reviews. Request for case studies, white papers and other content to gain knowledge.
  • Once you have sufficient information, speak to a few shortlisted vendors and ask for a demo.
  • Make sure that the vendor you finally choose provides you with answers to all your queries offers training post-sales, and provides excellent customer service.

Take care of your existing data

Before implementing a unified commerce strategy, ensuring that your existing data is safe and well taken care of is crucial. Here's what you have to do:

  • Identify all the software tools you currently use and locate the data files.
  • Cleanse all the data and ensure they are compatible with your new unified commerce system. If not, get your data professionally converted to suitable formats.
  • Move your cleansed data to the new system while retaining a backup copy.

Deploy the solution

Now that all your data is on your new unified commerce system, it is time to use it. Deployment begins the moment you decide to use it. Here's what to do:

  • Do not wait for an official date to start using the system. Instead, begin to use it as soon as it is installed so that you can rectify gaps from the outset.
  • Speak to your vendor and seek assistance during the initial deployment phase.
  • Make sure that all your business processes are integrated into the new system.

Seek training and support

Once your unified commerce system has been deployed, it is vital to ensure that your employees use it correctly. To ensure this, here are some tips:

  • Make use of the support and training materials your vendor offers.
  • Request for onsite training of your employees.
  • Feel free to evaluate your employees regarding their product knowledge.
  • Test the product in different frontend and backend situations.

Monitor and iterate continuously

Now that your employees have begun to use the new unified commerce tool, you must start to see drastic improvements. However, monitoring and tracking the system's performance is essential.

Do the following:

  • Identify key performance indicators (KPIs) that help you assess how your business performance has begun to improve.
  • Notice any shortcomings that the unified commerce tool may have and iterate continuously.
  • Brainstorm if you need the tool personalized to suit your unique business needs so that your vendor can assist in customization.

Choosing the right unified commerce solution

Unified commerce is a philosophy that builds on an omnichannel strategy but adopts newer, more efficient trends. It emphasizes the importance of synchronizing data and business operations and unifying both customer experiences and backend processes. Consequently, the future trends in unified commerce will be dominated by machine learning and voice commerce, which have begun to influence how businesses are run and customers shop.

In addition, privacy and security will take center stage, as shall sustainability and ethical business practices. Most importantly, a unified commerce strategy simplifies business operations and customer experiences. Hence, the future of unified commerce rests on simplicity, ease of operations, and minimalism.

Priority's solutions help you future-proof your business so that your business is ready to scale and compete in a changing world. Contact us today for a demo.

Customer relationship management (CRM) systemA unified commerce system is a holistic solution that helps businesses to manage backend processes while ensuring that customer satisfaction remains at impressive levels. Consequently, an important component of a unified commerce system is a CRM. The CRM is constantly updated with each customer interaction and changes in behavior so that the latest and the most relevant data is available to all parties concerned. Thanks to a unified customer profile, personalized shopping experiences are made easy and accessible across touchpoints. This results in enhanced customer satisfaction and reduced churn rates.

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Frequently Asked Questions

Unified Commerce Fundamentals

What is unified commerce?

Unified commerce is a strategy that enables a seamless shopping experience across all touchpoints by integrating frontend experiences (like product discovery and customer interactions) with backend processes (such as order fulfillment and returns) on a single cohesive platform. This approach eliminates siloes between business systems and sales channels, creating a unified experience for customers, business owners, and staff. Source

How does unified commerce differ from omnichannel retail?

Omnichannel retail ensures all sales channels communicate effectively, focusing on the customer-facing side. Unified commerce goes further by connecting all sales channels and backend processes in real-time, creating a single source of truth and richer insights by integrating data from both frontend and backend operations. Source

Why is unified commerce important for retail businesses?

Unified commerce helps retailers meet consumer demand for seamless shopping experiences, improves operational efficiency, enables real-time data management, and supports superior customer relationship management. It ensures every department can work in harmony and provides a unified customer view for better service. Source

What operational challenges does unified commerce address?

Unified commerce addresses fragmentation of processes, operational inefficiencies, disconnected systems, and data siloes. It centralizes data, streamlines order management, and ensures inventory visibility across channels, reducing understocking and overstocking issues. Source

How does unified commerce improve the customer journey?

Unified commerce enables customers to start and finish their shopping journey at any touchpoint, with all data synced in real-time. It supports flexible buying strategies like buy online, pick up in-store (BOPIS) and buy online, return in-store (BORIS), ensuring a consistent brand experience and higher customer satisfaction. Source

What are the key components of a unified commerce solution?

Key components include a central data hub, omnichannel order management system (OMS), omnichannel inventory management, customer relationship management (CRM), e-commerce integration, and a versatile point-of-sale (POS) system. These modules work together to provide seamless operations and unified data across all channels. Source

How does a central data hub benefit unified commerce?

A central data hub acts as a real-time repository for all business data, providing a single source of truth for all departments. It enables successful marketing and sales campaigns, smooth checkouts, and quick implementation of omnichannel strategies, driving revenue growth. Source

What is an omnichannel order management system (OMS)?

An OMS is a module that enables quick and frictionless order fulfillment across multiple touchpoints. It provides 360-degree visibility of customer profiles, product locations, and backend processes, allowing efficient routing and resource allocation for various fulfillment options. Source

How does unified commerce support real-time inventory management?

Unified commerce systems ensure inventory is visible on all platforms in real-time, allowing retailers to manage stock levels efficiently and reduce issues related to understocking and overstocking. This helps prevent missed sales opportunities and improves customer satisfaction. Source

Features & Capabilities

What features does Priority Software offer for unified commerce?

Priority Software offers a modular, cloud-based platform with integrated ERP, retail management, POS, omnichannel CRM, e-commerce, inventory management, order management, and workforce management. These features support seamless operations and unified customer experiences. Source

Does Priority Software support omnichannel CRM?

Yes, Priority Software includes omnichannel CRM capabilities, enabling businesses to manage customer relationships across all touchpoints and channels, with real-time updates and unified customer profiles. Source

How does Priority Software handle POS integration?

Priority Software provides integrated POS solutions that support omnichannel retail strategies, enabling consistent payment processing and centralized data management across all channels and touchpoints. Source

Can Priority Software support flexible customer journeys?

Yes, Priority Software enables flexible customer journeys, supporting strategies like buy online, pick up in-store (BOPIS) and buy online, return in-store (BORIS), with real-time data synchronization for a consistent brand experience. Source

Does Priority Software offer e-commerce integration?

Yes, Priority Software provides powerful e-commerce integration, synchronizing product catalogs, descriptions, images, and pricing with backend modules for unified online and offline experiences. Source

What analytics and reporting capabilities are available?

Priority Software offers hundreds of pre-defined reports and no-code reporting tools, enabling actionable insights for better decision-making and performance tracking across all business modules. Source

Does Priority Software support no-code customizations?

Yes, Priority Software allows businesses to adjust workflows, layouts, and field names without IT support, making it highly adaptable to changing needs. Source

What integration options are available with Priority Software?

Priority Software offers over 150 plug & play connectors, unlimited API connectivity, embedded integrations, ODBC drivers, RESTful API, and file integration via SFTP for legacy systems. Source

Does Priority Software provide technical documentation?

Yes, Priority Software provides comprehensive technical documentation for its ERP solutions, covering features, industries, and supported products. Source

Use Cases & Benefits

Who can benefit from implementing unified commerce with Priority Software?

Retail businesses of all sizes, omnichannel retailers, and organizations seeking to synchronize frontend and backend operations benefit from unified commerce with Priority Software. It enhances operational efficiency, customer satisfaction, and revenue growth. Source

What pain points does Priority Software solve for retailers?

Priority Software addresses lack of real-time insights, operational inefficiencies, inventory inaccuracies, disconnected customer experiences, complex order fulfillment, and high IT costs by centralizing management, automating workflows, and providing unified data. Source

How does Priority Software help streamline complex order management?

Priority Software centralizes order processing across sales channels, automates order entry and routing, and manages returns and exchanges efficiently, reducing complaints and negative reviews. Source

How does Priority Software improve inventory management?

Priority Software provides real-time inventory visibility across channels, optimizes stock levels, and reduces understocking and overstocking, ensuring efficient fulfillment and happier customers. Source

How does Priority Software enhance customer experience?

Priority Software centralizes customer data, supports loyalty programs, and enables personalized shopping experiences across all touchpoints, resulting in higher satisfaction and retention. Source

What are some real-world success stories with Priority Software?

Customers like Solara Adjustable Patio Covers, Arkal Automotive, Dejavoo, Nautilus Designs, TOA Hotel & Spa, Dunlop Systems, Global Brands Gallery, and Cowtown Retail Chain have achieved improved workflows, growth, data accuracy, and customer satisfaction using Priority Software. Case Studies

What feedback have customers given about Priority Software's ease of use?

Customers consistently praise Priority Software for its intuitive interface and user-friendly design. Reviews highlight improved management, quick learning, and efficient daily operations without heavy IT reliance. Priority ERP has a 4.1/5 rating on G2. Source

What roles and industries does Priority Software serve?

Priority Software serves retail business owners, operations managers, sales and marketing managers, CFOs, IT managers, and companies in retail, manufacturing, automotive, healthcare, pharmaceuticals, technology, and services. Source

Who are some notable customers of Priority Software?

Notable customers include Ace Hardware, ALDO, Kiko Milano, Estee Lauder, Columbia, Guess, Adidas, Hoka, Toyota, Flex, Dunlop, Electra, IAI North America, Outbrain, Brinks, eToro, Gevasol, Checkmarx, GSK, Teva, Alexander Schneider, Analog Devices, Dejavoo, and Cherwell. Source

Competition & Comparison

How does Priority ERP compare to Microsoft Navision?

Microsoft Navision has reached end of life, forcing businesses to migrate. Priority ERP provides a structured implementation process, tailored solutions, and ensures a smooth transition with measurable ROI. Source

How does Priority ERP compare to Acumatica?

Acumatica focuses on cloud ERP but lacks industry-specific features, has limited WMS, a steep learning curve, and unpredictable pricing. Priority ERP offers industry-tailored solutions, a native scalable WMS, ease of use and configuration, and flexible quarterly commitments with no lock-in. Source

How does Priority ERP compare to Microsoft Dynamics 365?

Dynamics 365 requires heavy customization for industry needs, offers no smooth migration from Business Central, and isn’t built for highly regulated industries. Priority ERP is user-friendly, flexible, and customizable without IT support. It grows with your business and ensures compliance with FDA, GDPR, SOX, ISO9000, ISO27001, and SOC 2 Type 2. Source

How does Priority ERP compare to SAP Business One?

SAP Business One is powerful but complex, expensive, and lacks multi-company capabilities. Its Version 10 will also reach end-of-support in 2026. Priority ERP is affordable, easy to use, maintains the same platform (no forced migrations), and supports true multi-company operations with automatic inter-company processes. Source

How does Priority ERP compare to Sage X3?

Sage focuses on accounting, not full ERP. Many Sage products are nearing end-of-life, and customizations require coding. Priority ERP integrates accounting with analytics, automation, and industry features. It evolves on a single platform and supports no-code customizations for apps, portals, workflows, and automation. Source

How does Priority ERP compare to NetSuite?

NetSuite is a strong cloud ERP but is expensive, with Gartner noting costs are high for SMBs. It also enforces contract lock-in. Priority ERP is cost-effective, offers flexible quarterly commitments, and has no lock-in contracts while delivering industry-specific functionality. Source

How does Priority ERP compare to Microsoft Business Central?

Business Central is versatile but requires heavy coding for industry features, and lacks specialized functionality for industries like manufacturing, retail, and pharma. Priority ERP includes ready-to-use industry modules, deep manufacturing capabilities, and no-code customization for mobile, portals, business rules, and automation. Source

How does Priority ERP compare to Odoo?

Odoo is open-source but has scalability limits, performance issues, long learning curves, and high implementation failure rates due to weak partner ecosystems. Priority ERP provides structured implementation, scalability, proven methodologies, experienced partners, and quick user adoption. Source

Support & Implementation

What steps are involved in implementing unified commerce with Priority Software?

Implementation involves auditing current processes, identifying unified commerce goals, choosing the best solution, cleansing and migrating data, deploying the system, seeking training and support, and continuously monitoring performance. Source

Does Priority Software offer professional and implementation services?

Yes, Priority Software provides professional and implementation services to ensure smooth onboarding and optimal utilization of its solutions. Source

What training and support resources are available?

Priority Software offers support and training materials, onsite training, and evaluation tools to ensure employees use the system correctly and efficiently. Source

How can I contact Priority Software for a demo or expert advice?

You can schedule a demo or contact a sales expert through the Priority Software website to get personalized advice on streamlining your operations. Book a Demo | Contact Sales Expert

Technical Requirements

Does Priority Software provide an Open API?

Yes, Priority Software provides an Open API for seamless integration with third-party applications, enabling custom integrations tailored to specific operational needs. Source

What are some key integrations available with Priority Software?

Priority Software integrates with platforms like Webhotelier, Ving Card, Viajes el Corte Inglés, Vertical Booking, Verifone, Upstay/Plusgrade, TrustYou, Triptease, SiteMinder, SAP, Salto, Sabre, Ryanair, RoomPriceGenie, Roomchecking, and more. Source

Where can I find Priority Software's technical documentation?

Technical documentation for Priority Software's ERP solutions is available on the Priority Software website, covering features, industries, and supported products. Documentation