Life moves fast and business even moves faster in the B2B eCommerce world.
Speed is so key that 86% of B2B buyers prefer using self-service platforms to talking with a sales rep (McKinsey). That’s why companies need robust ecommerce platforms that can keep up.
eCommerce platform providers have developed incredible solutions to manage complex B2B transactions no matter the size and number of people involved. With the right platform and payment methods, businesses easily manage complex B2B transactions no matter the transaction size, time or number of people involved. The best B2B ecommerce platform delivers an excellent customer experience and greater efficiency at each stage of the process – from pricing, discounting and ordering through to invoicing and payment.
As a global payments solution, Rapyd has worked with businesses across a range of industries and appreciates the importance of finding the right B2B ecommerce portal. We’ve used our experience and research to help you select the best B2B ecommerce platform for your own unique requirements.
Features Essential for B2B eCommerce
When selecting a B2B ecommerce platform, it is important to know what criteria are the most important for your particular business. Not only do you need to understand current needs, but you must also consider future goals and scalability. Carefully consider the following features when selecting your B2B ecommerce platform:
Ease of Configuration
Are you looking to customize or fully use all of your platform’s functionalities? Then you’ll need to make sure that your platform configuration is plug-and-play. If not, you’ll need to find the developer resources to test and manage the solution.
Compatibility with Existing Systems
Your business already relies on a range of solutions for your critical processes. When considering a new ecommerce platform, be sure your solution can integrate with existing solutions to avoid integration headaches.
Scalability and Longevity
Cloud-based solutions keep up with today’s rapidly evolving business environment. Choose cloud to avoid investing in hardware that depreciates and becomes quickly dated.
Payments Customization
Choose an ecommerce platform that allows for digital commerce payment customization. By accepting the preferred payment methods of your B2B customers you’ll ensure a frictionless checkout experience and build customer loyalty too.
Pricing Flexibility
Your platform should offer pricing flexibility for all the ways you do business. Whether you offer customers volume-based discounts, early payment, or other special pricing agreements, your platform needs to keep up with each of these payment needs.
Level of Technical Expertise Required
To fully tap into your platform’s functionality, you’ll need a certain degree of technical expertise. The question is, how much? Some solutions have one simple user interface to manage their solution and plug-ins with little technical know-how needed. Others require an advanced coding background and development skills for implementation.
Our List of the Best B2B eCommerce Platforms
Although these platforms all support the needs of B2B businesses, they differ in their functionality, flexibility, and integration with a broader commerce suite. Some offer an all-in-one approach, while others allow businesses to build a tailored solution by integrating best-of-breed technologies from several providers. In some cases, the choice of vendor is influenced by existing technologies and development and customization resources.
Best “All-in-One” B2B eCommerce Platforms
WooCommerce B2B
WooCommerce B2B enables a mode in WooCommerce that offers functionality for B2B ecommerce with an all-in-one plugin. This is ideal for businesses with an existing WordPress site, as adding it is a relatively quick and easy process. It is highly scalable and can manage complex requirements. There is some level of technical (rather than developmental) skill required to configure WooCommerce.
WooCommerce has no setup charge or monthly fees. Businesses pay 2.9% + $0.30 for each transaction made with U.S.issued credit cards or debit cards. For cards issued outside the U.S., there’s an additional 1% fee. Other payment gateways are available for international transactions and local payment methods.
- Key features: Storefront design, order management, product search and filters
- Pros: Those familiar with WordPress will find comfort in this platform and will benefit from its rich in-store themes. It shares many of the pros that come from utilizing WordPress, like the ease of use, hyper-flexibility, and many plugins to check out. Reporting and marketing tools come built-in.
- Cons: WooCommerce is not as suitable for non-WordPress websites, and it was not designed for wholesale and B2B selling out-of-the-box. It was primarily a platform built for B2B, and it shows. While it is open source and initially free, making it into a platform that is suitable for all businesses could eventually require a hefty monetary investment.
NuOrder
NuOrder focuses on simplicity and streamlining B2B processes and delivers what it promises, but it requires time to initially understand the processes and platform interface. Virtual showrooms are easy on the user, and NuOrder is the current top choice for retailers such as Nordstrom and Coach.
- Key features: CRM, Email Marketing, Inventory Management, Mobile Access, Shipping and Warehouse Management
- Pros: Reviewers frequently mention that the UX on the buyer’s side is exceptional. The CRM is useful in general, with good customization and reporting capabilities.
- Cons: Inventory syncing is delayed by up to 15 minutes, causing occasional issues with overselling. On the back end, the site can be glitchy and counterintuitive. Onboarding is notoriously difficult.
Pricing: After an initial free trial, there is an annual fee determined by retailer size – reports are anywhere from $7,000-$100,000 a year, depending on business size and needs.