Six Ways to Secure Ecommerce Data Accuracy

Jun 12, 2019

In the digital age, data is an essential aspect of any enterprise. It’s a crucial factor in determining the success of any business. By using the most advanced analytics tools, organizations use data analysis to come up with their business strategies.

With all this in mind, e-commerce businesses have to take great care when processing data entry, as online retail companies are required to deal with tons of records. These records include information regarding the employees, inventory, products, services, customers, and so on.

To ensure maximum data accuracy, e-commerce businesses have to find effective ways and data solutions that will help them keep their data accurate at all times.

Importance Of Data Entry

The next four years will see a significant growth in the market of data-entry outsourcing services. A detailed analysis of the exchange points out that the competitive business landscape of data entry outsourcing will grow by $351,84 million. The biggest reason for the future growth of the data-entry outsourcing services market is the ever-growing need for cost-effective solutions.

Data-entry outsourcing services provide comprehensive end-to-end solutions for all types of organizations, with the primary goal aimed at streamlining their workflow to increase productivity. With highly accurate and reliable data entry solutions, online businesses get a chance to improve their overall efficiency in providing the best customer experience.

Data entry services, such as data entry methodologies, data processing, conversion, and capturing, are highly secure. Client data confidentiality is 100% guaranteed. Combining forces with excellent outsourcing service providers is a sure path to success for any e-commerce business.

Benefits Of Global Data-entry Outsourcing Services

Data entry outsourcing services mostly help various businesses, organizations, and enterprises to:

  • Cut their overall business costs
  • Reduce turnaround time by improving organization within segments
  • Make the hiring process more effective
  • Reduce labor costs
  • Eliminate the need for expensive data processing tools
  • Significantly reduce operating costs
  • Improve data accuracy
  • Reduce the risk of errors occurring
  • Improve the efficiency of the entire business
  • Follow the trends in markets worldwide
  • Provide the best data analytics services
  • Gain a competitive advantage using the most advanced data analytics strategies
  • Execute business plans ahead of schedule
  • Determine future goals with ease
  • Improve decision-making
  • Authenticate the data before it’s included in the e-commerce website

With all this in mind, it’s more than safe to say that the importance of ecommerce data-entry accuracy is incredibly vital and should be dealt with great care and professional expertise.

Six Ways To Ensure Data Accuracy For E-commerce

When it comes to e-commerce, the accuracy of data on your website might determine the level of success of your online business.
Your website data is the only source of information your potential prospects can count on. Therefore, the accuracy needs to be perfect to ensure customer satisfaction.
The most common data entry services for e-commerce include catalog indexing and conversion, product data mining, catalog management, creating compelling product descriptions, developing unique images, and so on.
If you consider all this, there are six useful ways to ensure maximum data accuracy for your e-commerce site.

 

1. Regularly review data sources

Internal and external data sources should be a top priority for all online companies. By identifying the right sources, they can significantly improve the quality of data and eliminate any incorrect data at the same time.

Incorrect data is a direct result of constant data migration from the database to the database, which increases the presence of false data values. The best way to improve the accuracy of your online data is by clearly identifying the source of incorrect information that caused the change of data.

2. Set your goals towards improving data quality

If an e-commerce company makes the quality of data their top priority, the chances of any errors occurring are significantly decreased.

On the other hand, it’s also crucial to set goals that are realistic and achievable. The key is to identify and understand the fundamental problems of data accuracy regarding your business.

In return, this will significantly improve the efficiency of coding, data entry, and data capturing.

 

3. Avoid overloading at all costs

The bigger the volume of data that needs entry, the higher the chance of people making mistakes. Your data entry team should be trying to achieve realistic targets. Giving them more work than they can process is a sure way to input wrong data and decrease data accuracy on your e-commerce website. Overloading your data-entry staff isn’t a smart thing to do.

4. Review the data
One important step to ensure maximum data accuracy is by regularly and carefully reviewing the data before it’s entered into your website. The more efficient your system of review is, the higher the data accuracy.

Quality assurance professionals and experts are crucial for getting this part of the job done right, as you can’t afford any mistakes or errors.

5. Automation

Automation is a way to cut down the costs of improving data accuracy, as it helps eliminate repetition and makes the data review much easier and faster. Therefore, automated error reports help make the process of ensuring the highest level of data accuracy flow much smoother and faster.

6. Follow standards regarding data-entry accuracy
Adopting robust data entry accuracy standards, such as data profiling, linking, matching, geocoding, and monitoring should be mandatory to ensure accuracy. This not only ensures that your data stays accurate, but it also dramatically improves the quality of your information.

 

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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

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