Home Stock Shopify enlists Microsoft, Oracle for business tools on app

Shopify enlists Microsoft, Oracle for business tools on app

imageStock Markets14 minutes ago (Oct 14, 2021 12:17AM ET)

(C) Reuters. FILE PHOTO: The logo of Shopify is seen outside its headquarters in Ottawa, Ontario, Canada, September 28, 2018. REUTERS/Chris Wattie/File Photo

(Reuters) – Canadian e-commerce platform Shopify (NYSE:SHOP) Inc is teaming up with top cloud companies including Microsoft Corp (NASDAQ:MSFT) and Oracle Corp (NYSE:ORCL) to help merchants streamline their business operations.

Business owners on the platform can now access Enterprise Resource Planning (ERP) tools including Microsoft Dynamics 365 Business Central, Oracle NetSuite and Infor on the Shopify app.

Earlier, they had to rely on third-party applications to connect to Shopify their ERP tools ranging from financial trackers to inventory management systems.

Shopify provides infrastructure for retailers to set up their stores online, and generates revenue mainly through subscriptions and merchant services.

The partnerships will help Shopify double down on its fast-growing merchant businesses and let Microsoft and Oracle strengthen their hold on a cloud market dominated by Amazon.com Inc (NASDAQ:AMZN)’s AWS platform.

Shopify enlists Microsoft, Oracle for business tools on app

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