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Amazon Business offers B2B buyers access to an extensive network of suppliers, providing a wide range of products with the buying power that comes from Amazon’s vast marketplace. It’s no surprise to see Amazon rapidly gaining B2B eCommerce market share. Statista forecasts that Amazon Business’ sales will account for 2.4% of B2B product sales on eCommerce sites in the United States by 2025, up from 1.4% in 2020.
Organizations looking to maximize value from Amazon Business must consider how they can integrate it seamlessly into their end-to-end purchasing process. Buyers need their B2B purchasing experience to be as easy as B2C, and procurement departments are constantly looking to minimize complexity, maximize efficiency and optimize workflows.
For organizations using NetSuite ERP and considering (or already using) Amazon Business, it’s important to consider how to create a single procure-to-pay (P2P) process that connects the two platforms in the most effective and efficient way.
This blog discusses how TradeCentric partners with Amazon Business to bring a streamlined and centralized purchasing experience to NetSuite ERP users.
Benefits of Amazon Business
Amazon Business offers a range of benefits tailored for companies of all sizes, including:
- Business pricing and selection that offers exclusive prices and quantity discounts on more than five million products
- A multi-user account that provides one central account for all departments
- Bulk ordering that leverages the Amazon Business Store for large orders
- Support for compliance-driven buying policies that encourage buyers to adhere to your organization’s buying policies and procedures
Amazon Business and NetSuite ERP Integration
B2B buyers increasingly want to leverage the power of Amazon Business for purchases, but it needs to be integrated effectively into corporate buying processes and systems to maximize the full benefits.
That’s because rekeying data between systems is inefficient and falls short of the streamlined, user-friendly experience that buyers expect in today’s B2B environment. Not only does this workflow fail to meet buyers’ expectations of a level of convenience similar to B2C transactions, but it is also incredibly time consuming and error-prone.
Leading organizations that leverage Netsuite ERP are partnering with TradeCentric to integrate their system to Amazon Business. This results in an enhanced purchasing experience, more control over spend, and reduced time and resources.
TradeCentric Integrates NetSuite ERP into Amazon Business
TradeCentric’s B2B Connected Commerce solutions enhance the procure-to-pay process by validating, formatting, and enriching data so invoices and purchasing documents flow effortlessly from Amazon into NetSuite ERP without manual intervention.
TradeCentric solutions empower your organization to:
- Ensure Compliance & Control Spend: Administrators can set spend limits and category restrictions to improve control, increase visibility, and reduce rogue transactions
- Simplify & Accelerate Purchasing: User-friendly online buying makes finding and purchasing supplies quick and easy, while built-in tools make approvals effortless
- Save Time & Resources: Automation eliminates the need for manual tasks and data entry, freeing up employees to focus on value-add tasks that support strategic initiatives
Many businesses view TradeCentric as a cost-effective solution compared to investing in a dedicated procurement platform. By integrating Amazon Business with their existing ERP systems like NetSuite, companies can enhance procurement processes without the overhead of a separate system. TradeCentric allows companies to maximize the capabilities of their ERP, making it a powerful procurement tool without requiring major changes to infrastructure.
As one customer shared:
“To start, we partnered with TradeCentric to set up 30 of our ERP users on PunchOut with Amazon Business. The investment quickly paid off and now provides greater accuracy and detailed insights for our buyers, procurement, and finance teams. Now, we’re up to 100 users who leverage Amazon Business frequently.”
- Supply Chain Manager at a leading work zone safety organization
Another customer highlighted the control and efficiency TradeCentric brings to their process:
“We chose to integrate Amazon Business through TradeCentric because it maximizes control with minimum overhead and reduces corporate card use, which was very difficult to track via expense reports. We now have the control, visibility, and efficiency needed to provide our life-saving oncology services.”
- VP of Corporate Controller at a leading oncology company
Enable PunchOut & Invoice Automation Capabilities
Harness the power of PunchOut and Invoice Automation for NetSuite ERP and Amazon Business.
PunchOut Benefits:
- Simplified Purchasing: Give your staff easy access to Amazon Business through one centralized account + 7 day price lock on carts
- Track Compliance: Direct purchases to Amazon Business to reinforce good purchasing behavior while monitoring compliance
- Increase Spend Visibility: Gain a big-picture view of Amazon Business spend across your organization
Invoice Automation Benefits
- Save Time on Reconciliation: Reduce time by automating reconciliation processes using line-item detail on every Amazon Business purchase
- Improve Transaction Visibility: Increase transaction transparency by customizing your data delivery frequency & file configuration to accommodate your organization’s specific needs
- Increase Accuracy: Reduce the risk of errors from manual expense reconciliation
Learn More About the Power of TradeCentric and Amazon Business
TradeCentric’s Connected Commerce solutions deliver integrated purchasing capabilities for NetSuite and other leading eProcurement/ERP providers that need to maximize value from Amazon Business.
To find out more about how TradeCentric can boost the power of Amazon Business for your organization, watch our on-demand webinar in collaboration with Amazon Business. You’ll discover the key benefits of integration and see a demo showcasing the PunchOut and Invoice process from NetSuite ERP to Amazon Business.
