ERP

Acumatica Broadens Strategic Relationship with Shopify to Enhance Experiences for B2B Buyers

Acumatica | July 13, 2022 | Read time : 02:24 min

Acumatica Broadens news
Acumatica, the world's fastest-growing cloud ERP company, has broadened its relationship with Shopify by supporting development of the leading eCommerce platform's new business-to-business (B2B) solution. Merchants can use Shopify's solution to manage B2B and direct-to-consumer (DTC) stores in a single platform.

The new solution builds on Acumatica's native Shopify integration, which allows merchants to manage their back-office within Acumatica's ERP while creating an exceptional customer experience on the Shopify front-end. With Shopify's new solution, merchants can manage their entire B2B omnichannel sales experience in a unified solution that combines all essential business data without the need for manual data entry.

"Our ongoing partnership with Shopify has allowed us to provide our customers with innovative business management solutions that help them scale their online and in-store retail operations, We worked closely with Shopify to develop a B2B solution that would seamlessly integrate with Acumatica Cloud ERP. The integration is designed to deliver a truly streamlined buying experience to wholesalers and their buyers."

-Josh Fischer, director of product management at Acumatica.
Acumatica and Shopify's strategic relationship provides regular product developments and joint solutions that enable customer growth and seamless user experiences through online and POS sales channels. In 2020, Acumatica announced a robust integration to Shopify which simplifies the connection to Shopify's leading eCommerce application. In 2021, Shopify announced the launch of a Global ERP Program to meet the needs of larger merchants by directly connecting their back-office ERP solutions (including Acumatica) to their Shopify stores. The connection between the two systems creates one unified business management solution. Shopify's provides outstanding buying experiences and Acumatica provides inventory management, automated fulfillment, and accurate accounting solutions. Together, the solution is a comprehensive eCommerce enabled ERP solution for helping merchants grow faster.

"Our merchants have indicated their desire to sell wholesale and direct to consumers from one online store, To meet this growing demand, we've worked to build powerful features that B2B merchants need directly into the Shopify platform. Acumatica has added value to Shopify customers by enabling them to manage and grow both sides of their businesses from one unified solution."

-Mani Fazelli, director of product, B2B at Shopify.
The Shopify B2B solution will be available to Acumatica customers in two phases. Phase one will be complete in September 2022 as part of the company's semiannual product update. Phase two will be complete in Q1 2023.

About Acumatica-
Acumatica Cloud ERP provides the best business management solution for transforming your company to thrive in the new digital economy. Built on a future-proof platform with open architecture for rapid integrations, scalability, and ease of use, Acumatica delivers unparalleled value to small and midmarket organizations.

Spotlight

As more consumers choose to shop online, retailers with brick-and-mortar stores are looking for ways to keep customers coming in the door. Many are investing in unique fixture designs and in-store technology to create interesting, interactive, and memorable experiences for shoppers. Research shows it’s worth the effort while online sales are growing quickly, over 90 percent of U.S. retail sales still come from brick-and-mortar stores. The key is finding a way to be effective in both worlds.


Other News
PAYMENT SOLUTIONS

Circle Announces Acquisition of Elements to Accelerate Crypto Payments

Circle | October 03, 2022

On stage at Converge22 today, Circle announced an accelerated crypto payments roadmap enhanced by the recent acquisition of Elements, a merchant and developer-first payments orchestration platform. The announcement includes plans to quickly scale payment offerings to unlock utility value for crypto and lower the barrier of entry for merchants to access next-gen payments and financial services.The new payment offerings make it simple for merchants to integrate their existing PSP relationships with Circle's crypto payment offerings. "We are very impressed by the Elements team for their work in taking the complexity out of crypto payments,Lowering barriers of entry for payments and financial services and establishing dollar payments utility are core to Circle's mission. Providing well-designed payment products that can facilitate seamless, efficient, frictionless and delightful customer experiences are key to empowering merchants to take advantage of these next-gen payment solutions." Nikhil Chandhok, Chief Product Officer at Circle As the issuer of both USD Coin (USDC) and Euro Coin (EUROC), Circle is uniquely positioned to promote digital payments and an always-on financial system as native features of the internet. More than $49 billion USDC is in circulation as of Sept. 28, 2022, and it has powered more than $5 trillion in on-chain transactions since its 2018 inception. Creating a payments platform that allows merchants to accept USDC and other crypto payments at the point-of-sale is a natural progression of the growing global adoption of digital currencies.Elements' mission is to put more money into the hands of merchants. With Circle, we knew the natural synergy in our business models would create an opportunity to deliver a seamless and low cost payments and settlement experience for merchants using a digital currency they can trust," said Nafis Jamal, Founder and CEO at Elements,Today's news is only the beginning of our joint mission to deliver first-class payments offerings and define the next generation of payments. Jamal and Hao Min, co-founders of Elements, joined Chandhok onstage at Circle's inaugural Converge22 conference to demo Circle's Crypto Payments API which is available in beta today as well as the one-stop checkout SDK for crypto merchants which will be available in Q4 2022. Please visit here to learn more about Circle's Crypto Payments API. About Circle Circle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications worldwide. Circle is powering always-on internet-native commerce and payments and is the issuer of USD Coin (USDC) and Euro Coin (EUROC). Today, Circle's transactional services, business accounts, and platform APIs are giving rise to a new generation of financial services and commerce applications that hold the promise of raising global economic prosperity for all through the frictionless exchange of value.

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POS SOLUTIONS,ERP

Consumer Payment Preferences Driven by Convenience and Ease-of-Use, According to InComm Payments Report

InComm Payments | September 06, 2022

InComm Payments, a leading payments technology company, today released its 2022 Annual Payments Report, which found that consumers identified convenience and ease-of-use as the top factors influencing their choice of payment method. These factors coincide with a growing preference for contactless payment methods, specifically Tap & Go and mobile wallets, which rounded out consumers' five favorite ways to pay behind debit, credit and cash. The report drew responses from more than 3,200 U.S. consumers in June 2022. "Brands and retailers should pay attention to shifting consumer preferences to ensure they can meet expectations for convenient payment experiences,Our report highlights trends and attitudes around traditional and emerging payment methods, examining how consumers navigate the wide range of payment options available today." Brian Parlotto, Executive Vice President at InComm Payments Personal Payment Apps and Mobile Wallets on the Rise When asked about the personal payment apps (PPA) and mobile wallets they use and recognize, a little under half of surveyed consumers said they used a PPA, while one quarter of surveyed consumers said they used a mobile wallet recently. Moreover, approximately two-thirds of PPA users said they were satisfied with their chosen app, and nearly three-quarters of mobile wallet users expressed satisfaction with their payment method. PayPal remained the most popular mobile wallet among respondents, while Ca$h App and Zelle saw the largest increase in reported use. High Satisfaction from QR Code and Barcode Payment Users Consumer awareness of QR code and barcode payments was flat year over year, but those who recently used the payment method reported an increase in every perceived benefit of the technology, from fast and easy-to-use to reliable and secure. QR code and barcode payments were the only method in this year's report to experience an increase in every type of benefit perceived by users. Overall, traditional payment methods such as debit, credit and cash remain highly ranked by consumers, although satisfaction and use of credit declined year over year. The survey also captured how consumers would plan to pay in specific situations, such as making an everyday in-store purchase or sending money to someone they personally know, and identified differences in payment methods among generations. About InComm Payments InComm Payments is an innovative global payments technology provider. Leveraging dynamic technology and proven expertise, InComm Payments delivers enhanced end-to-end payment platforms and emerging financial technology solutions through a single integration, helping businesses grow across a wide range of industries including retail, healthcare, tolling & transit, incentives, mobile payments, digital currencies and financial services. By enabling omnichannel connections and alternative payment options to an ever-expanding consumer base in an increasingly digital ecosystem, InComm Payments creates seamless and valuable commerce experiences across the globe. With three decades of experience, over 525,000 points of retail and online distribution, 420 global patents and a presence in more than 30 countries, InComm Payments leads the payments industry from its headquarters in Atlanta, Ga

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POS SOLUTIONS

TCGplayer to Acquire ChannelFireball and BinderPOS

TCGplayer | July 12, 2022

TCGplayer, the leading technology platform for the collectibles industry and operator of the largest online marketplace for trading card games, today announced that it has entered into a definitive agreement under which TCGplayer will acquire ChannelFireball and BinderPOS, uniting the most iconic brands in the trading card game (TCG) industry. Launched in 2009, ChannelFireball established itself as the premier content provider and events coordinator for the TCG industry, providing professional strategy advice to millions of TCG collectors, hobbyists, fans and players, and hosting large-scale competitive tournaments around the world. In 2020, ChannelFireball merged with BinderPOS — a leading inventory management and point-of-sale (POS) solution for hobby stores — to create CFB Group. Today, hundreds of retailers around the world rely on BinderPOS as an inventory management solution, which processes approximately $200 million of gross merchandise value (GMV) on an annual basis. "Together with ChannelFireball and BinderPOS, we will deepen the connection between collectors and retailers via online and physical store channels, accelerating a strategy that has been front and center to us since our founding, For the first time ever, TCGplayer will provide a comprehensive POS solution that seamlessly connects a hobby store's inventory to the TCGplayer Marketplace while also enabling the sale of any collectible on their store's shelves — including comic books, sports cards and board games. As a combined entity, we will also merge the industry's best content with the world's largest marketplace for TCGs. By bringing together our world-class expertise, infrastructure and scale in this way, we expect to deliver value to our community in new and exciting ways. As a combined company, we will work together to advance TCGplayer's Purpose — connecting hobbyists to communities to relentlessly improve the exchange of things and thoughts that fuel their passions. This Purpose is core to both companies and critical to creating a shared organization with a common goal of empowering sellers and delighting hobbyists across the collectibles universe. We have long admired the ChannelFireball and BinderPOS team and look forward to welcoming this talented group of professionals to TCGplayer. I am confident that through this combination, we will create enhanced opportunities for team members, hobbyists, sellers and all our shared partners." -Chedy Hampson, Founder and CEO of TCGplayer. By combining with TCGplayer, ChannelFireball and BinderPOS will enhance our ability to serve the TCG community, joining a team with a shared vision, culture and complementary strengths, said Jon Saso, President of CFB Group. "The ChannelFireball and BinderPOS team should be incredibly proud of what we have accomplished and excited for the opportunities ahead of us as we join with TCGplayer. I look forward to working with the TCGplayer team as we bring our companies together. This transaction marks an exciting milestone for ChannelFireball and BinderPOS, said Josh Grant, CEO of CFB Group. Joining forces with TCGplayer will position us to deepen our commitment to local game stores, expand the platform's reach, and create a larger and more diversified company with a shared TCG legacy. Together, we will have a larger and more meaningful impact on our community, and I look forward to seeing all that we accomplish as part of the TCGplayer team. Under the terms of the agreement, TCGplayer will acquire CFB Group's BinderPOS, its ChannelFireball content arm, the ChannelFireball Marketplace and its ChannelFireball Events operating segment. The combination will deepen the value TCGplayer, ChannelFireball and BinderPOS will be able to offer hobbyists, retailers and collectors, allowing the combined company to unite and integrate its complementary features for the benefit of the collectibles industry. Additionally, the transaction will accelerate TCGplayer's vertical expansion strategy, taking the Company beyond its core trading card game business and into new hobby collectible categories like comic books and sports cards. About CFB Group- Launched in 2009, ChannelFireball established itself as the premier content provider and events coordinator for the TCG industry. The Company's content offering provides professional strategy advice to TCG collectors, hobbyists, fans and players while its ChannelFireball Events segment hosts dozens of large-scale competitive tournaments around the world. Following the creation of CFB Group in 2020, which brought together ChannelFireball and BinderPOS — the leading inventory management and point-of-sale (POS) solution for hobby stores — the Company launched the ChannelFireball Marketplace. About TCGplayer- TCGplayer is the leading technology platform for the collectibles industry. Founded as a digital media company specializing in trading card games within the collectibles space, TCGplayer has grown from its initial roots working with Syracuse-based hobby stores into an expansive ecommerce platform. The Company develops applications, data management tools and technologies like robotics automation that are revolutionizing the collectibles industry, connecting thousands of hobby stores and online sellers with customers and collectors around the globe. A purpose-driven company, TCGplayer prides itself on creating a culture that fosters camaraderie, embraces diversity and exudes passion. It has been ranked among New York State's 50 best employers, Fortune.com's top 100 companies for women in the U.S. and certified a Great Place to Work by its employees.

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RESTAURANT POS

Givex Hong Kong Announces Launch of GivexPOS in Fine Dining Restaurant with Three Michelin Stars

Givex | July 14, 2022

Givex Information Technology Group Ltd. announced today the upcoming mid-July launch of GivexPOS in a fine dining restaurant with three Michelin stars in Hong Kong, the first in a five-unit, multi-branded restaurant group. "In the last 20 years, Givex has proven to be a global tech leader, with more than 100,000 active locations that utilize our POS, gift card, loyalty and other products, Our recent new partnerships in Hong Kong show that GivexPOS is successful in markets across the globe, and in all types of restaurants, from QSRs to fine dining establishments and everything in between. Givex delivers the technology innovation that our partners strive for, We are thrilled to be expanding our reach in Asia, and look forward to being a key partner in our clients' growth." -John Sydoruk, Givex Managing Director, AsiaGivex. Givex is a comprehensive global customer engagement and business insights platform. In addition to GivexPOS, Givex offers gift card and loyalty programs, payment systems and robust analytics to help its clients make efficient business decisions. The recent partnerships in Hong Kong mark the next step in Givex's continued international growth. About Givex- Givex (TSX: GIVX;OTCQX: GIVXF) is a global fintech company providing merchants with customer engagement, point of sale and payment solutions, all in a single platform. We are integrated with 1000+ technology partners, creating a fully end-to-end solution that delivers powerful customer insights. Our platform is used by some of the world's largest brands, comprising approximately 100,000+ active locations across more than 100 countries.

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Spotlight

As more consumers choose to shop online, retailers with brick-and-mortar stores are looking for ways to keep customers coming in the door. Many are investing in unique fixture designs and in-store technology to create interesting, interactive, and memorable experiences for shoppers. Research shows it’s worth the effort while online sales are growing quickly, over 90 percent of U.S. retail sales still come from brick-and-mortar stores. The key is finding a way to be effective in both worlds.

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