It wasn't very long ago that a smooth customer-facing experience was enough. Now, consumers expect to browse, buy, reserve and return across any given sales channel at any given time. Store formats and assortment strategies emerge by the day. And modern Point of Sale systems have evolved from cash registers to the nucleus of the entire retail experience.
Unified Commerce has made this all possible without the added cost of complexity. No wonder why 73% of retail executives cite Unified Commerce as "extremely or very important," 76% have ambitious Unified Commerce goals and more than 60% have implemented in-store technology to drive Unified Commerce in their organization.
It will only become more important as retail becomes more dynamic, demanding and different.
Unified Commerce is an exciting innovation. But it's also a nuanced one. And you may find yourself trying to parse facts from a variety of strong, sometimes contradictory opinions.
In this blog post, we walk you through the most important aspects of Unified Commerce, informed by our experience unifying 100,000+ stores across 65 countries, engaging almost 250 million customers and more than 40 years supporting and integrating essential retail functions.
Unified Commerce integrates a retailer's back-end systems with their sales channels to create a complete shopping experience where processes run faster and more efficiently, channels become more profitable and capable, and organizations become more agile and resilient.
Whether it's Curbside Pickup or Buy-Online-Return-in-Store (BORIS), cross-channel order fulfillment services have come to be expected. And as retail experiences and expectations continue to evolve, the list of in-demand services will only continue to grow.
Unified Commerce enables retailers to offer these in-demand services, and more, without disrupting operations or requiring significant investment in supplemental software. Unified Commerce gives retailers the flexibility and latitude to meet each of the wide range of experiences customers want now — and adapt as customer behaviors continue to shift.
Unified Commerce integrates the experience and enterprise to benefit the retailer holistically:
The benefits are meaningful: retail executives report that Unified Commerce drives "large or significant impact" in overall profitability (73%), cross-channel customer experience (68%), inventory management (66%) and employee experience (60%).
The best Unified Commerce platforms utilize universal microservices — individual functions that can support all business processes across all sales channels — and API integrations to connect and simplify every variable that impacts the relationship between customers and products, while unifying all data into an easily accessible, real-time single source of truth.
Omnichannel aims to create a cohesive customer experience across all sales channels. However, it does not factor in technology, infrastructure and back-end systems. Omnichannel-enabled organizations that have yet to take the next step into Unified Commerce often struggle with siloed data and operations, inefficient processes and expensive or inefficient tech stacks.
Unified Commerce is the evolution of omnichannel. In addition to aligning sales channels, Unified Commerce also merges a retailer's systems, products, interactions and data to simplify and elevate the entire retail experience, for customers and enterprises alike. But most important of all, it gives retailers the flexibility to adapt now and in the future.
Omnichannel technology rose to solve for the rapid rise of digital sales channels. But while they were quite successful in integrating the customer experience, it made things harder for the enterprise:
A successful Unified Commerce implementation requires a coordinated effort across the enterprise. These talking points can help you earn the buy-in of stakeholders in key departments:
Stores remain the centerpiece of more than 70% of customer journeys. The store is the linchpin to Unified Commerce, serving a large role in supporting every other channel, lifting the customer experience and expanding what's possible.
With Unified Commerce solutions like Aptos ONE, retailers collect inventory data in real time, share it across the entire organization via the Cloud and streamline merchandising and order management functions.
Unified Commerce gives the marketing department the resources it needs to create and execute a unique value proposition that appeals to customers on a universal and personal level, while collecting data for the benefit of the whole organization.
Treating omnichannel as a network of aesthetically aligned but separate, siloed channels will overwhelm your customers. Cross-channel transactions must be aligned, too, if you expect to succeed. By integrating microservices across channels and retail functions, Unified Commerce makes that easy.
At the heart of Unified Commerce is the ability to adapt and differentiate. Meaning innovation is integral to the approach. With real-time data and agile technology, retailers have the tools to innovate in a low-risk, data-rich and future-proof environment.
Technology is the tool that brings together an organization's infrastructure, brand and omnichannel presence — and makes market growth simple. Therefore, the IT team is a core piece of the Unified Commerce puzzle.
The following steps will help the IT team successfully implement Unified Commerce, transforming the retail organization and placing it at the forefront of the retail market.
These are among the most important steps a retailer will take on their Unified Commerce journey. So, we put together the following section into a checklist to help you take the most successful action.
Visit aptos.com/readiness to download your IT checklist. On this page, you'll also find checklists for each key department as well as our Unified Commerce Readiness Guide.
Unified Commerce will do wonders for your IT department. But it will mean significant change in the short term. Here's how you can prepare your IT team for the Unified Commerce transition.
Unified Commerce technology must be able to integrate easily into your technology stack and enhance it holistically. Here's how to select the right software and implement it for best results.
Hardware demands a lot of money and infrastructure. But the right decisions can drastically improve return on these investments. Here's what to do when evaluating hardware.
Unified Commerce is the technology-first, Cloud-native solution to stabilizing and streamlining your organization today, while giving you the flexibility to adapt in the future. Without friction.
By working with departments across the enterprise, you can drive meaningful change through Unified Commerce and help your organization lead the market. No matter what surprises retail has in store.