Shopify is partnering up with some of the biggest cloud companies including Microsoft Corp and Oracle Corp to help merchants streamline their business operations.
Business owners that sell on the Shopify platform can now access a new Enterprise Resource Planning (ERP) tools including Dynamics 365 Business Central, Oracle NetSuite and Infor on the Shopify app.
Previously, merchants that sold on Shopify had to rely on third-party applications to connect the platform to their ERP tools which ranged from financial trackers to inventory management systems.
The Canadian ecommerce site provides the infrastructure that retailers need to set up their storefronts online, generating revenue mainly through subscriptions and merchant services.
Shopify hopes that the new partnerships will help the company double down on its rapid-growing merchant businesses while simultaneously helping Mircosoft and Oracle strengthen their position in the cloud market which is currently dominated by Amazon Web Services (AWS).
Shopify sites have seen astronomical growth since May 2020, with figures rising a staggering 108.5 per cent compared to Amazon’s 9.9 per cent, according to data from Similarweb.
“This is the first time we’re seeing that Amazon has a strong competitor in terms of reach,” Similarweb director of investor solutions Ed Lavery told Business Insider.
“Amazon now has a significant competitor out there.”