Order Management Systems for E-commerce – Katalyst

Katalyst Technologies recently reported on the rise of e-commerce as a result of the COVID-19 pandemic, but the sheer extent of the surge has surprised even us. According to Adobe and Forbes, these past few months have escalated industry growth an estimated four to six years. The $82.5 billion spent online in May marked a 77% increase over last year, with the state of Connecticut seeing a whopping 99% boost.

On the downside, however, with more e-commerce sales come more dissatisfied customers. 25% of people who have shopped online in the last three months say that they’ve had a negative experience. Clearly, there is room for improvement. A better order management system (OMS) such as Celero could be just what your organization needs.

What is an OMS?

An OMS is effectively a one-stop-shop for an e-commerce business’s functions: tracking sales and inventory, managing orders, ensuring security, and collecting data. What the customer experiences as the simple, streamlined process of placing an order is actually an intricate series of behind-the-scenes operations working step by step to flow efficiently.

A customer makes their way towards an e-commerce site, browses the selection of products, adds an item to their cart, and places the order. They can choose a payment method and shipping speed, and their order is placed. Especially with mobile ordering, all of this can be done in the span of about 30 seconds. Meanwhile, internally, the OMS is working on updating inventory and notifying users of their cart status. Furthermore, it is also processing the payment, informing the appropriate delivery company, and preparing to track information and status updates that the customer can access as they wait for their order to arrive. This process must be all be handled with encryption to protect sensitive information. That’s a lot to handle in just a couple of clicks!

Why It’s Necessary

With so many consumers turning to e-commerce now, an effective and easy and secure sales system is necessary to keep up with competitors. But it also makes things better for customers and employees by removing any unwelcome surprises from the order process. What happens if your site is not correctly integrated to manage inventory, and a customer orders a product that is out of stock? You’ve probably lost that customer for life. An OMS will not only make sure that no customer deals with the bait and switch of unassumingly ordering an out of stock item, but can also handle predictive analytics that prevents it from going out of stock in the first place.

If you have multiple warehouses, an OMS can properly balance orders based on priority and item allocation. If you have a brick and mortar location, it can indicate available physical stock. Operating without an efficient OMS will lead to unnecessary complications and stress for customers and employees alike.

How to Choose Your OMS

Depending on your organization’s needs, there are a number of things to consider when selecting an OMS. The experts at Katalyst are ready to assist you in implementing the best solution for your business.

Site integration. If you have an existing website, you will likely want to select an OMS that can complement it, rather than operate separately. Celero can be easily integrated with Shopify, Magento, Quickbooks, ShipStation, and many other leading industry products.

When you’re exploring new OMS solutions, it’s probably because you hope to grow your business. Not all systems are equipped to handle larger loads, so it’s important to select one that can accommodate your organization’s needs, now and in the future.

Customer functionality. The idea of opening an e-commerce site that allows servicing customers all over the world is exciting but also presents challenges. If your OMS is optimized to account for different currencies and languages, as well as determining the best global shipping strategies, it will make the process much smoother.

An effective OMS is the key to a strong e-commerce presence. Now is the time to scale your operations—and Katalyst can help.

Four Tips to Qualify for Small Business Loans in Charlotte, NC

Getting small business loans in Charlotte, NC, can take a lot of time. But if you know whether you meet a lender’s qualifications in advance, you can avoid potential frustration and hassles.

Below are five steps that you should take to qualify for a small business loan.

#1 Build Good Personal and Business Credit Scores

Personal credit scores reflect your ability to repay personal debts, such as a mortgage or car loan and credit cards. Small business lenders need a personal credit score because they want to learn how you manage your debt. The higher your score, the better are your chances of getting a loan.

One of the quickest ways to improve your personal credit score is paying bills on time and in full and disputing any inaccuracies in your report.

You can build good business credit by keeping public records clean and establishing trade lines.

You would require good personal credit and excellent business credit to get small business loans in Charlotte, NC, from banks or a government-backed SBA loan. However, online lenders may be more flexible with credit scores, emphasizing your track record and company’s cash flow instead.

#2 Develop a Strong Business Plan

Lenders would want to know how you plan to use the money and see that you have a strong ability to pay. They may ask for a business plan that includes the loan’s purpose and how you expect it to increase profits.

Your business plan should also include the following information:

Ï Business description

Ï Product or service details

Ï Industry analysis

Ï SWOT analysis

Ï Management team

Ï Operations plan

Ï Current and projected financials

Ï Sales and marketing strategy

Your business plan should clearly demonstrate that you won’t have cash flow problems to cover ongoing company expenses and the new loan payments. It will give lenders confidence in your business, and you would most likely get the required small business loans in Charlotte, NC.

#3 Get Your Legal and Financial Documents Ready

You need to do a lot of paperwork when you apply for small business loans in Charlotte, NC, from banks and other traditional lenders. Some of the legal and financial documents you must need are:

Ï Business license

Ï Articles of incorporation

Ï Personal and business income tax returns

Ï Personal and business bank statements

Ï Balance sheet and income statements

Ï Financial projections if you have a limited operating history

If you have strong business finances and a good credit score, some online lenders may provide you rates comparable to bank loans. They may even require fewer documents and offer faster underwriting.

#4 Provide Collateral

To qualify for small business loans in Charlotte, NC, you may need to produce collateral to back the loan. It’s a way lenders can recover their money if your business fails.

Some online lenders may not need collateral, though but would ask for a personal guarantee. Each lender has its own rules, so make sure you ask enough questions if you are clueless about what’s required.

If you don’t have collateral, unsecured business loans could be a better option.

Latest 365 Days Plan In JIO Prepaid Recharge

Jio, being one of the biggest Indian telecom companies has become a huge success with excellent network connectivity and feasibility. And with its numerous benefits offered to the users, the number of customers increases with a wide number. And such an intense increase in prepaid customers, the biggest credit goes to its customer services and excellent network coverage.

Apart from this, Reliance Jio offers great recharge plans that benefit the users priorly. Based on this, customers all across India choose Jio as their preferred network with tons of amazing plans. Speaking of plans, wouldn’t it be nice if you could recharge your jio sim once, and enjoy its benefits for a total of 365 days? It sure is interesting! That’s why, in this article, we’ll be discussing the latest 365 days plans offered by Reliance Jio for prepaid recharge. So, let’s get started!

365 days plans
Reliance Jio offers various plans with the validity of 365 days. These start with Rs. 399 upto Rs. 4,199. These are:

Jio Prepaid Plans

Benefits

Validity

Rs. 899

Unlimited calling + 2GB/28 days of data

336 days

Rs. 1,559

Unlimited Onnet voice + 24GB data

336 days

Rs. 2,545

1.5GB/day of data

336 days

Rs. 2,879

2GB/day of data

365 Days

Rs. 3,119

Cricket Plans – With Disney and Hotstar Mobile Subscription

365 Days

Rs. 4,199

3GB/day of data

365 Days

Rs. 399

JioSaavn Pro Plans

365 Days

Jio Prepaid recharge plans and offers
One of the biggest reasons behind the success of Jio is its recharge plans and customer services. It comes with various benefits and plans, for your convenience and gives you a wide variety of options to choose from. And for its prepaid users, it has various plans with benefits that suit everyone.

On our Payrup platform, you can check all the plans and benefits offered by Jio, ranging from unlimited calling, texting and unlimited 3G/4G data plans to talk time and top-up recharge plans. And with our online payment facility, you can easily make the bill payments and the transaction will proceed with a confirmation message on your phone on completion. Along with this, you can apply many offers and promo codes to make your bill payment experience more enlightening. With Payrup, you get the chance to choose from a wide number of cashback and discounts. And with our 24*7 customer service, you can proceed with your jio prepaid recharge payment anytime and from anywhere.

Why choose Payrup for paying your Jio prepaid recharge?
Payrup does not charge any extra hidden amount in the transaction amount. With Payrup, you only pay for the recharge amount. It enables smooth and instant Jio bill payment online without any hassle. And it also, gives you great deals and offers. It also saves time and facilitates quick transactions.

Some of the notable services that Payrup offers on the Jio postpaid bill payment are:

No hidden charges
An instant and easy way for paying the bill
Great benefits and cashback offers
Absolutely safe and secured transaction
Payrup is an emerging company but with its amazing services and offers, it’s one of the best choices for you to pay for a Jio prepaid recharge online.

Conclusion
In conclusion, we can say that, with digitalization all across the world, jio recharge plans are becoming more fascinating and paying for these has become very easy and convenient. Nowadays, customers do not have to wait in a queue and wait for their turn to pay the bill because they can easily pay the bill from their phone or laptop online. And our Payrup platform facilitates this service of paying bills and showing you the different recharge plans that you can select from. Payrup provides flexible jio recharge options along with several cashback offers and discounts. Its 24*7 customer service provides you with the convenience to pay your jio recharge anytime and from anywhere. Paying and viewing the plans for your jio recharge is very easy and requires just a few steps to proceed.