Running a shop is no easy matter, be it an online or brick-and-mortar establishment. Keeping your customers coming back while managing employees, invoices, and product sourcing are challenging enough tasks on their own. On top of all of that, you also need to make sure you’ve got enough stock to fulfill orders and keep the money coming in. If this resonates with you, you’re probably looking at the best inventory management systems to help keep everything straight. You may have even started to dive into a Shopventory review or two in order to get the ball rolling.
The good news about inventory management platforms is that there are a ton of options out there. The bad news, paradoxically enough, is that there are a ton of options out there that you’ll have to choose from—and the amount of information out there about each of them can feel pretty overwhelming. We’ve put together the highlights about Shopventory into a review that includes the most common cheers, gripes, as well as alternatives out there you should consider.
Shopventory: The Basics
Before we hop into a roundup of Shopventory review feedback and user testimonials, it’s important to establish what exactly the software does and who it’s designed to help.
Shopventory is one of many several inventory management systems, which are all designed to make it easier for small business owners to keep track of their current supply of goods. Better still, these apps also integrate with your merchant services platform and payment software. This makes it easier for you to manage your stock after making a sale and reduces the risk that you might forget to change your inventory totals after a purchase.
Shopventory goes way beyond helping you keep a correct tally of your wares, though. The platform also helps you monitor products that are running low on supply, helping you restock before you’re sold out (and a customer goes to another store to get what he or she needs). You can also generate reports that help you keep tabs on business trends, sales forecasts, and more. Better still, you can even manage your relationships with vendors by sorting them into categories and tracking their contact information in the cloud. And, when it comes to receiving inventory, you can create customized purchase orders to make your business look even stronger.
All of these helpful features make Shopventory what it is—one of a slate of tools that help small business owners keep track of the day-to-day tasks that otherwise eat up valuable hours. Plus, you can loop your account directly into existing payment platforms, making it even easier to manage the little details that come with owning and running a small business.
You might have gotten a sense of just how powerful Shopventory can be for your business, particularly if you’re already working with merchant services providers and other small business software offerings. Whether or not you’re running an ecosystem of business apps, however, Shopventory still has plenty to bring to your business to help it run more efficiently.
The primary Shopventory feature is, as you might expect, its inventory management. The program helps you keep track of your existing stock, anticipated stock shortages, and incoming inventory from vendors. Instead of running a physical inventory list (or maintaining this information in a spreadsheet), your entire warehouse gets accounted for within the Shopventory system, meaning that purchases automatically deduct inventory from your supply without you having to do a thing.
All of the other Shopventory features revolve around the central task of managing inventory in one form or another. You can set low inventory alerts to help make sure your products never run out of stock, all with mobile and desktop notifications built right in. Shopventory also makes it easy to track incoming purchase orders from vendors, which helps you make sure you’re getting everything you’re expecting.
If you already have an inventory system to import into your new Shopventory account, the platform has you covered there, too. There’s a bulk upload feature built to help you save time from manually entering your items into the database. Plus, there’s a barcode scanner built into the app to help you take stock of what you have on hand as well.
These are just a few of the many functions Shopventory provides. There are also a whole host of integrations with other business platforms too, making your business administration just a little easier every day.
An inventory tracking app only works well when it can integrate well with other applications in your small business’s digital ecosystem. The good news is that Shopventory integrates with a whole host of other platforms, ranging from financial to website tools. Many popular small business software apps that handle purchases or finances work well with Shopventory, so there’s a good chance that your current technology stack will pair nicely with current Shopventory integrations.
Shopventory offers integrations with the following platforms:
This impressive roster of integrations with some of the most common point of sale applications and merchant services providers makes it easy for many businesses to use Shopventory alongside their other platforms with minimal setup and fuss. In fact, Shopventory even offers daily data syncs to QuickBooks Online in several of its pricing tiers.
Shopventory offers five pricing tiers, each designed with different business needs in mind. There’s even a free version available for people who do a low volume of sales, or want to get to know the platform before committing to a paid plan. Each tier comes with different components, which can help you pay for what you need without taking on unnecessary added costs.
If you’re not sure whether Shopventory is the right option for you, there’s no better way to find out than to give the free version of the software a try. You can manage inventory with one user account and one business location (more of either will cost you a monthly charge). You’ll also be able to account for 100 transactions per month in the Shopventory system, and can manage two months’ worth of order and reporting history. You can use Shopventory’s reporting platform, create custom SKUs, and create customized reports as well.
The Shopventory Starter plan is a great fit for businesses that need a little more support than the Basic option provides, or for those who are ready to take the plunge and opt for a paid and feature-rich version of the platform. The Starter level offers support for a single location, user, and custom report. You’ll also get unlimited transactions per month, a year’s worth of order and reporting history, and other handy features like low stock alerts and price tag printing.
The Shopventory Starter plan costs $39 a month with an annual membership.
Shopventory Standard opens up the platform’s offerings for larger companies that need to monitor stock across more than one location. This plan provides for three locations, unlimited transactions, and three years of order and reporting history. You’ll also get three seats within the program at the standard tier, which is helpful for businesses that have several employees who are responsible for managing inventory. This plan also comes with helpful features like vendor management and performance reports, warehouse management, automatic purchase order creation, support for product bundles, and—perhaps most importantly—spreadsheet uploads.
Shopventory Standard costs $79 per month when billed annually.
Shopventory Professional is designed for bigger businesses with more substantial inventory needs. This plan gives you up to 10 locations and unlimited transactions, order history, and reporting features. You’ll also get support for unlimited products and SKUs, as you would for any level of service. Professional has the same features as Standard, except that it adds stock forecasting and includes access permissions and QuickBooks syncing standard.
The Shopventory Professional package costs $199 a month when billed annually.
Shopventory Elite is at the very top of the list of package options. This support tier comes with 25 locations and user seats. You’ll also get unlimited custom reporting, products, transactions, order history, and reporting history. Plus you’ll get all of the features included in other support tiers, which means that the Elite package is a good option for large-scale enterprises who need support beyond a handful of stores.
This package costs $399 when billed monthly.
There are plenty of Shopventory reviews out there, given how competitive the market is for inventory software and small business platforms in general. Plenty of Shopventory customers have something to say about their experience with the program, which can be a bit intimidating if you’re trying to figure out if it’s the right fit.
There are plenty of benefits to using Shopventory, according to many customers leaving reviews of the program online. Happy customers usually mention how easy the software is to use and manage on a frequent basis. Shopventory offers a number of tutorials to help you navigate inventory issues, and customers consistently rate their customer service as top-of-the-line.
The program gets high marks from small business owners with one or more shops, particularly for how easy it makes managing inventory and keeping updated records in QuickBooks Online. Plus, the amount of versatility available in terms of pricing makes it easy to find the right tier of support.
Shopventory is not without its drawbacks, however, according to a number of reviewers. The platform offers plenty of useful, nifty features, but it’s far from perfect.
For some, the price barrier to getting QuickBooks Online integrations can be off-putting for businesses with lesser needs than the more expensive plans provide. If this feature is your primary motivation to sign up for Shopventory, you might want to see if Shopventory alternatives will provide you with syncing features for less money.
Other users also complained about the difference between mid-tier and higher-end tiers, expressing dissatisfaction at what they say is a significant price jump between the Standard and Professional packages.
Whether you like what Shopventory has to offer or not, you might also be interested in Shopventory alternatives to see what your other options are. There are more than a couple of options out there to pick from, and each has a unique factor to set it apart from the pack. In some cases, that factor amounts to different features and integrations. Other options offer different price points. Here are a few of the strongest Shopventory alternatives to consider.
TradeGecko, like Shopventory, is an inventory management application that includes a ton of useful features whether you’re an ecommerce company, distributor, brick-and-mortar business, or wholesaler.
This option comes with a bunch of helpful components like multichannel sales support, shipping process control, backorder management, and accounting. Everything Shopventory does, TradeGecko does as well. And, in a fair number of cases, TradeGecko goes even farther than Shopventory.
The lowest-cost option costs $39 per month billed annually, and includes a single user, sales channel, and warehouse built-in. This version allows for 50 sales orders per month, zone-based shipping rates, and round-the-clock technical support. Best of all, it also includes payment options for credit cards. TradeGecko Lite is $79 per month when billed annually and includes an additional platform seat, 300 sales orders a month, and additional automation capabilities to help take care of tedious tasks. The Small Business package costs $199 and includes more software seats, a B2B ecommerce platform, a dedicated account manager, and more. TradeGecko Business costs $500 and includes all of the other features in addition to API access, Fulfilled by Amazon support, and more platform seats.
Zoho builds affordable small business software that accomplishes a number of common tasks, such as invoicing and human resources management. Zoho Inventory is the company’s—you guessed it—inventory management tool. The platform offers inventory control, warehouse management, multi-channel selling, order management, and order fulfillment. These features are also in Shopventory, but you might want to lean toward Zoho Inventory if you’re already using other Zoho tools.
Another reason to consider Zoho Inventory is cost. Zoho Inventory’s introductory-level plan is free to use and provides 20 orders per month. These orders can be online or offline, and each comes with shipping labels and shipment tracking options. Zoho Inventory’s basic plan will also give you two user seats, one warehouse, a Shopify store, a handful of automated tasks, and other integrations with ecommerce providers.
Setting up your inventory monitoring software solution is a big move for your business, whether you decide to use Shopventory or not. Cloud-based inventory solutions create opportunities to better monitor your supply, track orders, and automate otherwise tedious tasks. Sifting through each of the options is a daunting process, no doubt, but your hard work will pay dividends almost right away.
The best thing you can do when choosing the right platform is, well, your homework. Figure out precisely what your needs are, what your budget can afford, and how many orders you anticipate fulfilling every month. Don’t forget about integrations with your other small business software platforms. Thankfully, you can get rolling with Shopventory for free and decide for yourself if it’s the right fit for you.