What Is Magento Oracle Connector And How It Can Help Your Business?
Last Updated | May 13, 2023
Seamless integration of Magento and Oracle is important because Oracle handles business activities. In contrast, Magento handles the online retail of products and services. This calls for error-free data transfer and synchronization, which is only possible with a connector.
- More than 167,000 eCommerce stores are supported by Magento, while Oracle adaption in businesses has increased by 32%
Magento has around 2.3% of the market share.
So, in this article, we are sharing all you need to know about Magento Oracle connector and how it can assist businesses in increasing their revenues and improving their core processes.
What Is A Magento Oracle Connector?
It’s common for businesses to invest in Magento upgrade services, but they need Magento Oracle Connector. The connector is a software application that optimizes communication between Oracle and Magento. It enables communication and data transfer between Magento, an eCommerce platform, and the Oracle database management system.
This connector allows businesses to synchronize data such as product information, customer data, and sales data between Magento and Oracle in real-time, ensuring that both systems are up-to-date and consistent. Depending on the Magento website development company you hire, the connector provides the following features and functionalities;
- Integration with Oracle’s advanced inventory management and order fulfillment capabilities to streamline the brand product shipping and management.
- Support for real-time data synchronization and data transfer between Magento and Oracle.
- Automated data transfer and data mapping, which simplifies the process of connecting two systems for better business operations.
- Management of customer information, order information, and product information.
- Support for multi-store and multi-language configurations, making it easier for multinational businesses to handle their business and product-based processes.
It’s needless to say, Magento Oracle Connector is a critical tool for businesses that use both Magento and Oracle, as it streamlines processes, reduces errors, and improves the overall efficiency and effectiveness of the business.
How Magento Oracle Connector Helps The Businesses
Sharing information between Magento and Oracle can be challenging, yet it is essential for the organization. For this purpose, it’s recommended that you use the connector to sync data between two platforms to leverage proper data processing. So, shall we check out how Magento Oracle Connector helps businesses?
1. Improve The Sales & Marketing
While it’s common for businesses to invest in Magento marketplace extensions, the Magento Oracle Connector is a better solution. The marketing strategies depend on data, and the connector can help provide real-time business statistics. It helps the marketing departments identify the trending products and if the marketing campaign connects with the target audience.
These numbers can help businesses improve sales, leading to revenue generation. In addition, the sales team can diversify their product range to meet customers’ demands (they can access feedback). This data helps improve sales and customer-business relationships.
2. Optimize The Supply Chain Management
The connector offers supply chain management capabilities. First, it allows businesses to define the supply chain plans and maintain them through one interface, promising zero gaps. Also, inventory and logistics management will help streamline the sales and procure-to-pay processes.
3. Simplify The Business’s Operational Activities
It’s evident that the brand’s operations team manages the backend activities – they ensure enough product stock is available and that products are shipped on time to the customers. However, it’s a tedious process. We recommend using Magento Oracle Connector, which allows businesses to manage orders easily.
For instance, the inventory will be stocked up on time as teams will have access to the numbers. In addition, if you sell online, the connector will ensure that orders are shipped according to the regulations set by large-scale marketplaces, such as eBay and Amazon. It’s a great way of protecting your business from expensive violations.
4. Convenient & Error-Free Data Management
There are error-related issues whenever the data is input into Oracle from Magento. However, using a connector will help eliminate data duplication and misalignment. The connector helps improve the efficiency of data exchange by removing the manual data entry processes. As a result, customer satisfaction and efficiency improvements as well.
5. Seamless Financial Planning
Another benefit of using Magento Oracle Connector is optimal financial planning. It can improve budgeting and productivity – it also helps businesses make significant decisions. The connector provides real-time and precise financial numbers, which can be used to plan product promotions. In simpler words, the marketing team can identify the highest-selling items.
This allows them to increase their revenues and profit margins. Also, businesses can stick to the multi-channel strategy and access payment and order-related information. Simply put, it becomes convenient for businesses to manage receivable and payable accounts.
6. Better Omnichannel Experience
Around 80% of businesses focus on an omnichannel strategy because it helps drive sales and ensures higher availability. For this reason, it’s become essential for remaining businesses to implement this strategy with the help of a connector. The omnichannel strategy is suitable for B2B and B2C organizations.
This is because it allows the companies to access a centralized order management process. In addition, it helps capture new customers, increase lifetime value, and improve operational efficiency. As a result, it will help in inventory management and increase sales.
7. Improved Project Management
The connector helps leverage the advanced business execution tools. These tools help enhance collaboration and ensure the business processes are secure, promising higher employee productivity.
The Bottom Line
Connecting Magento and Oracle via Magento Oracle connector can help businesses leverage cloud technologies, promising higher value for time and improved growth. In addition, it allows businesses to scale the business by using new features.
Lastly, it helps improve the efficiency of inventory, order, shipping information, and customer data management – it ensures proper data syncing between different business systems. However, if you’re unable to do it by yourself, make sure you hire a professional service like Folio3 to integrate these two platforms!