While a website, e-commerce platform, payment processing software, and a marketplace platform are the only four requirements for a marketplace to function, there are some software options that can grant you flexibility, make your system easier to use, and better support your business. If your marketplace has many channels, a high number of SKUs, and complex business logic, these may be particularly useful.
A Product Information Management System (PIM), allows the owner of the marketplace to set extensive business logic to product data to make it clean, uniform, and up to company standard. It also performs deduplication processes which ensures only one set of the same product data makes it onto the marketplace.
A complex marketplace may also benefit from Enterprise Resource Planning software (ERP). An ERP is great for advanced functions such as accounting, reporting, customer relationship management, credit management, and advanced business logic functionality.