Shopventory has launched a new small business solution that it claims is the one-stop shop for retailers to track the “heartbeat of their business.”
The inventory management solutions provider has rolled out Thrive, its new mobile app for SMBs that helps them track their business in real-time using their mobile phone. With its “one-stop-shop” model, Thrive provides retailers with an up-to-date look into their sales, profits, social media updates, user reviews, accounting, bank balances and email marketing campaign data — and provides it all in one app.
The new app also has the capability to integrate mPOS data for business owners who use solutions such as Clover, PayPal Here, Shopify and others, as well as users of Facebook, Instagram, Quickbooks, Constant Contact and MailChimp. It provides business owners real-time feedback using push notifications on a mobile phone. The app is available for iOS and is expected to be released for Android soon.
“After listening to our Thrive users over the past four months and receiving valuable feedback, we are now ready to promote Thrive to retail businesses across the world,” Dave Carlson, Shopventory CEO and Co-Founder, said in a company news release. “Thousands of users are already benefiting from Thrive’s simple, straightforward reporting, actionable insights and notifications. This really is a huge game changer for retailers who no longer need to be chained to their storefronts or antiquated reporting systems.”
While Shopventory already offered its SMBs inventory management solutions, there was a demand for having more real-time reporting options. That meant providing those business owners with instant and constant data streams so they can remain informed up to the minute with how the business is performing each and every minute.
“Our customers told us they wanted real-time reporting on whether they were profitable along with a data stream that’s literally the lifeblood of their business right in the palm of their hands on their mobile phone,” Carlson said. “We send tens of thousands of mobile phone notifications per week to retailers so they know exactly what’s going on in their business whether they have just one location or 20.”
In May, Shopventory announced its inventory management solutions are being integrated with Square’s payments and POS system to help take the hassle out of inventory management for SMBs.
The two companies’ relationship, which targets small and medium businesses, will use the Shopventory platform to keep inventory SKU and cost information in a central database that in turn syncs with Square. Shopventory’s technology also features a “dead inventory” report that alerts retailers to inventory that is not selling. That can help merchants optimize their holdings by helping them decide what items to carry, discontinue, or turn into cash.