Protean Open Commerce: The Ultimate Full Stack ONDC Solution

India is witnessing a digital revolution, and Open Network for Digital Commerce (ONDC) is at the forefront of this transformation. Recognising the immense potential of ONDC, Protean introduces Open Commerce, India's first comprehensive full-stack ONDC solution. This ground-breaking solution aims to revolutionise the way businesses, from large enterprises to small Kirana stores, integrate with the ONDC framework. Read on to learn about it in detail.

Unveiling India's First Full-Stack ONDC Offering

Protean Open Commerce presents an end-to-end SaaS stack, covering everything from infrastructure to buyer-seller solutions. This one-stop solution simplifies the often fragmented and complicated process of joining the ONDC network. It offers a universal sector-agnostic connector, reconciliation and settlement frameworks, and much more.

The Need for Protean Open Commerce

The current market landscape is highly competitive. Every business is trying to change their games by digitising. However, it is not easy navigating through the mazes. Here is why the need for a platform like Open Commerce is so crucial: 

Current Market Landscape

The current market landscape is highly competitive, with businesses striving to enhance their digital presence and streamline operations. However, integrating with the ONDC network is challenging due to the lack of comprehensive solutions.

Challenges in ONDC Integration

Businesses often face the daunting task of working with multiple partners to integrate with the ONDC. This fragmentation leads to inefficiencies, higher costs, and operational complexities. Companies need different vendors for creating a digital presence, running marketplace operations, and growth initiatives. On average, this requires at least five different partners.

Protean Open Commerce: A Complete Solution

Protean Open Commerce addresses all e-commerce challenges a company might face–

End-to-End SaaS Stack

Open Commerce offers a full spectrum of services, from infrastructure setup to personalised marketplace management. Its end-to-end SaaS stack addresses all e-commerce challenges a company might face.

Core Offering

The platform includes a universal sector-agnostic connector, as well as a reconciliation and settlement framework. This ensures seamless integration with the ONDC framework.

Key Features and Benefits of Protean Open Commerce 

Open Commerce provides a range of features and benefits that make it the ultimate ONDC solution.

• Solution Applications: Open Commerce provides buyer and seller app solutions for ONDC, facilitating smooth transactions and interactions.
• Merchant Onboarding and KYC Services: The solution includes merchant onboarding services and KYC (Know Your Customer) verification, ensuring compliance and security.
• Cataloguing as a Service: Open Commerce offers cataloguing services, helping businesses digitalise their products and manage orders efficiently.
• Growth Management Services: The platform provides growth management services, including data analytics, a unified dashboard, and cataloging solutions. These services alleviate operational burdens and drive business growth.

Target Market of Protean Open Commerce 

Protean Open Commerce caters to a diverse target market, ranging from large enterprises to small Kirana stores.

• Large Enterprises: Open Commerce empowers large enterprises, such as banks and telcos, to improve revenues by onboarding to ONDC. The plug-and-play solution enables their consumers to shop from ONDC through their digital platforms.
• Small Businesses: Small businesses and Kirana stores can leverage Open Commerce to establish an online presence and reach a broader digital customer base. This democratises access to e-commerce, enabling small businesses to compete in the digital marketplace.

Strategic Advantages

Protean Open Commerce offers several strategic advantages that set it apart in the market–

1. Infrastructure Builders of ONDC

Protean, the company behind Open Commerce, is a founding builder of ONDC. They have built and continue to run the core network components, such as the registry and gateway. Their expertise and experience are unparalleled, providing a solid foundation for businesses integrating with ONDC.

2. Partnerships with Global Giants

Protean has established strategic partnerships with global giants, enabling large banks and enterprises to connect their customer base to the ONDC network. These partnerships enhance the platform's capabilities and extend its reach.

Conclusion

Protean Open Commerce is the ultimate solution for businesses looking to harness the power of ONDC. Its comprehensive features, ease of use, and strong foundation make it the ideal choice for enterprises and small businesses alike. 

By streamlining the ONDC journey and providing essential tools for growth, Open Commerce empowers businesses to thrive in the digital marketplace. Choose Protean Open Commerce for a pioneering solution that streamlines every aspect of open network commerce, empowering enterprises from salt to steel to thrive in the digital era.

- Story by Kakoli Laha