A Guide to the Best PIM Solutions for Small Businesses
The importance of the Product Information Management (PIM) market can’t be underestimated, with the industry set to be worth $23.8 billion by 2027.
While there are many PIM providers that claim to be the best, the key is to find out which ones have the features you need. If you were to invest in software that is missing a core functionality, this could severely impact your operations.
That’s why we’re going to review the best PIM solutions to look for so you can choose a platform that suits your business.
Read on to learn more.
Product Data Syndication
One of the most important PIM system advantages is product data syndication. This allows you to share your content across relevant channels such as in-store and online retailers in a fast and efficient manner.
This distribution method ensures your data is consistent and that you are meeting the compliance requirements of each platform. You can then spend more time focusing on growing your business.
Software Integrations
The best PIM software should integrate with other business technology. For example, being able to link to software when importing data and reviewing product stock levels can be vital. If you had to carry out these operations manually, it could take a considerable amount of time and you may be more likely to make mistakes.
However, if you can integrate with external software, you can perform these tasks at the touch of a button.
Performance Analytics
You’ll be growing your business, adding more products to your stock, and selling across multiple platforms. But this means that you will have more data to process. This is where product management analysis is critical.
A PIM solution should allow you to review all relevant metrics in granular detail. This means you will be able to spot new opportunities and identify areas for improvement.
Before buying PIM software, make sure the system can provide you with the information you need in an easy-to-understand format.
High-Level Security
If hackers were to access your business software, this could have severe consequences for your company and your clients. Not only could you lose key information, but you could suffer reputational damage that could make it difficult to retain clients and win new business.
Therefore, you should ask about a system’s security measures to ensure your data will be safe.
Select the Best PIM Solutions for Your Business
Choosing the best PIM solutions for your business is a crucial decision. When reviewing your options, look for a PIM system that integrates with other software and that makes content distribution straightforward. It’s also essential that your preferred PIM solution can provide detailed analytics and that it comes with strong security measures.
When you find the right PIM solution for your company, you could be amazed at how it streamlines your business.
If this article has helped you choose a PIM solution, check out more of our excellent blog posts.
