E-Commerce Industry
E-commerce is the electronic transaction conducted for a business with a commercial purpose, or it is more commonly known as the process of buying and selling physical items or services online. E-commerce is more popular than ever before. For many businesses and people, e-commerce is replacing brick&mortar stores as the preferred way to enhance market penetration and shopping.
E-COMMERCE INDUSTRY
E-commerce is the electronic transaction conducted for a business with a commercial purpose, or it is more commonly known as the process of buying and selling physical items or services online. E-commerce is more popular than ever before. For many businesses and people, e-commerce is replacing brick&mortar stores as the preferred way to enhance market penetration and shopping.
The E-Commerce Industry
There are three channels of E-commerce. The channel depends on the sales transaction direction and recipient:
- Business to Business (B2B) – Goods and services are sold from one company to another
- Business to Consumer (B2C) – A business sells to a customer. This is one of the most common types of e-commerce
- Consumer to Consumer (C2C) – As you may have guessed — consumers sell directly to the consumer via online marketplaces
Now with this network of endless online business and customer engagement, E-commerce is only going to keep getting bigger in today’s interconnected world. This leads to many questions in the industry on how to produce financial planning and budgeting for an endless portfolio of products, larger customer base than ever before, shifting buying patterns beyond the traditional seasons, brand promotions and discounts? Many of the goals, milestones and metrics of an E-commerce business come from these very questions. Finance teams and departmental experts must be able to answer these through well thought out joint decision making
This has led to the rise of a new generation of EPM tools utilised to foster collaboration across business units. These tools provide to the business the capability to make intelligent and more comprehensive plans that allows data discovery and analysis, and can be easily adapted to unexpected changes in the business as a whole. This is the rise of integrated and connected planning. Through our expertise in financial planning and budgeting tools, such as, Anaplan, Vena and OneStream, analysis like Revenue Planning, Pricing and Trade Promotions, What-if Scenarios, Metric Tracking and Forecasting NPIs may become a reality in a business creating value in the marketplace for your products and customers.
Thanks to our experience we can offer our support in this whole process. Some of the main benefits of combining the expertise in planning and budgeting with the functionalities from the new generation of tools available in the market are the following:
- Plans that are accurate and comprehensive across the business units, leading to better company-wide decision making.
- The flexibility to adapt to a changing business and market.
- Improved communication and alignment between siloed departments.
- Actionable reporting to all levels in the business hierarchy.
Don’t wait around for the next budget to get started, create a call-to-action now and reach out to us today to hear more about our E-commerce portfolio of clients and projects over the years in the driver seat of change.
Experience
Below a selection of some interesting projects we did that helped our clients to bring their processes to the next level
On-the-fly multidimensional financial insight
Europe’s biggest online travel seller incorporates diverse data to build budgets and forecasts—and does it quickly and collaboratively
Planning & Forecasting model
With Anaplan the finance team was able to remove the old spreadsheets and automate much of the process, resulting in a sustainable, scalable financial planning and forecasting model. All kind of different forecast calculation options are implemented on the collaborative and future-proof platform.
Want to know more about Planning?
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