Shopventory Pricing Plans: How Much Does the Packages Cost?

Behind every business’ aspiration for growing sales is worrying about how to manage an expanding inventory. Where the situation is already complex for a single-product company, what more for one that sells multiple products across different locations?

A modern, SaaS inventory management software should easily address this situation. However, many businesses start off with simple inventory needs only to see them grow in complexity down the road. For this, using a software priced in tiers based on the number of locations, users and feature set makes sense.

In this article, we’ll take a look at such an inventory solution—how Shopventory plans are designed to suit different scenarios. You will understand what you are getting in each plan, and are not getting, so you can make a smarter decision should you go for this solution.

Did you know that 46% of small businesses lack an inventory system? Something that could have improved their business? If you are one of these companies, that is unfortunate given that a business can increase productivity by 25%, gain 20% in space usage, and improve stock efficiency by 30% with an inventory system, according to industry studies on inventory management. 

Efficiency aside, an inventory management system also makes your inventory process more transparent against the backdrop of the EuropeanUnion and the United States requiring the need for transparency in full supply chain practices.

Similarly, having an inventory system integrated with your POS leads to better customer service as customer orders can be processed faster. So, how do you know you’re getting the right inventory management system?

Among many others, the most important inventory management practices include forecasting, warehouse management, logistics and back-end technology. These are functions inherent in any top inventory management software such as Shopventory. 

Overview of Shopventory

Shopventory is an inventory management software suited to small- and medium-sized businesses in retail, restaurant and more. It consolidates your multiple inventory locations and revenue channels to help you stay on top of your inventory and avoid stockouts or overstocks. 

Its integration with key business systems—many of which you may already be using—makes Shopventory a practical choice. The software is compatible with ecommerce platforms such as Shopify, BigCommerce and WooCommerce, payment gateways like PayPal and Stripe, POS including Clover, and accounting systems such as QuickBooks. It even integrates with Amazon Alexa, adding more flexibility and convenience to how you manage inventory.

Dashboards help you identify the best-selling items against non-performers or deduce promising items based on historical trends. Meanwhile, you can generate profitability reports and even configure them to surface data such as expiry dates and discount rates. 

Shopventory also allows for custom invoices, price tags and labels. A white-label feature helps you stick to branding specs and convey credibility. This is interestingly helpful to home-based or dropship sellers wanting to move into more professional ways of doing business.

With native apps for iOS and Android, the software allows you to access the system and your inventory data on the go. The mobile apps also let you check inventory reports, so you stay in the loop wherever you are during critical times like seasonal surges or sudden sales drops. Another important feature, the Shopventory mobile app can scan the SKUs generated in the system. This can mean lower hardware costs to set up your inventory process. 

Other key Shopventory features include spreadsheet bulk upload, vendor management, global currency support and bundles. 

For pricing, let’s take a closer look at the different Shopventory plans below.

Shopventory Pricing Plans

Shopventory has five plans designed to meet the growing inventory requirements of a business. They scale from having the bare essentials catering to one location to requiring standard inventory tools like barcode scanning and POS, and up to managing 20 locations. You can also opt for add-ons for custom needs like additional users, reports and locations.

Here are the main differences in the plans:

• Number of locations
• The period covered in order history
• The period covered in reporting
• User permissions
• Level of customer support
• Beta features
• Advanced features like vendor management, invoicing, bundles and stock forecasting

Discounts for annual payments are available where you get two months for free. It goes without saying, the higher the plan the more savings you earn. 

Moreover, you get a one-month free trial of its full features without the need for a credit card signup. The vendor encourages free trial users to field as many questions they have about the software during this period.

Shopventory dashboard lets you get a quick lookup on key data.

Starter Plan – $49/month ($39 annually)

Who is it ideal for?

If you have barebone inventory needs such as managing one location and basic reporting.

The Starter Plan, as its name implies, gears up your inventory for growth. Sure, you can use a spreadsheet, but if you plan to grow the business, it is best to start on the right footing. Getting a scalable inventory management system means all related inventory data are in one place and consolidated that lends to generating insights for smarter business decisions.

While the plan allows only for one location, it lets you handle unlimited transactions and product items or SKUs. That means, for single-product businesses, this plan may be sustainable even when orders surge exponentially. 

Summary of Features

1. 1 location
2. Unlimited transactions
3. 1 year of order history
4. 1 year of reporting
5. Dashboard insights
6. Barcode scanner app
7. SKU creation
8. Lot COGS management
9. Custom reporting engine
10. Low stock alerts

You also enjoy global currency support right off the bat, which makes this ideal for global sellers. However, the software does not allow for currency conversion, just the currency symbol that can be reflected across all reports and locations. 

Other key features in the Starter Plan include dashboard insights, inventory reports, barcode scanner app, Alexa voice command, catalog management, and price tag and label printing.

What are you not getting from the Starter Plan?

Some of the key features excluded in this plan are vendor management, automatic purchase orders, kits and bundles, invoicing, user permissions and QuickBooks daily sync. These are advanced tools that simple inventory may not require. 

Likewise, this plan is limited to one user only. Order history and reporting are also limited to a one-year increment. Lastly, you only get support via email and chat unlike in the next tiered plans, which allow for phone support. 

Standard Plan – $99/month ($79 annually)

Who is it ideal for?

For growing businesses expanding into more product lines and suppliers to deal with or businesses with perishable goods, namely, neighborhood restaurants and groceries. 

The Standard Plan offers standard inventory tools like POs, barcode scanning and vendor management. It also allows you set expiration dates and track items down to each ingredient. More so, you can track the profitability of each recipe.

Likewise, the plan allows for automatic purchase orders, invoicing, user permission, vendor management and vendor performance reports. It also has a warehouse feature and lets you organize items in kits or bundles. Lastly, you get email, chat and phone support.

Summary of Features

1. All Starter features
2. 2 locations
3. Unlimited Transactions
4. 3 years Order History
5. 3 years Reporting
6. Vendor management
7. Warehouse feature
8. Internal transfers
9. PAR levels
10. Kits and bundle management

What are you not getting from the Standard Plan?

You don’t get access to intelligent stock forecasting, automatic stock transfers, beta features and QuickBooks daily sync, which are all available in the next tiered plans.

This plan is limited to 2 users and 2 locations only. Moreover, order history and reporting history are good for up to three years only.

Shopventory allows for organizing different product variants.

Professional Plan – $249/month ($199 annually)

Who is it ideal for?

Established businesses with up to 5 stock locations and require more powerful inventory tools.

The Professional Plan features unlimited transactions and unlimited order history and reporting history on top of unlimited SKUs and unlimited transactions allowed in the previous two plans. This limitless offering gives a business greater flexibility in managing complex inventory items across a wider range of supply chain and against a backdrop of constant order fulfillment. 

You also get sophisticated features such as intelligent stock forecasting, automatic stock transfers and user access permission.

Furthermore, you get access to beta features as they roll out, giving you exclusivity to new features of the system. Other important features available in this plan include invoicing, user access permission and daily QuickBooks sync.

Summary of Features

1. All Standard features
2. 5 locations
3. Unlimited transactions*
4. Unlimited order history
5. Unlimited reporting
6. Intelligent stock forecasting
7. Automatic stock transfers
8. Beta feature access

What are you not getting from the Professional Plan?

The Professional Plan and the last two premium plans below all have similar feature sets. From here, the primary difference is in the number of locations, users and custom reports; the Professional Plan allows for 5, 5 and 10, respectively.

Elite Plan – $499/month ($399 annually)

Who is it ideal for?

Businesses with up to 10 inventory locations.

The Elite Plan carries over the features of the previous plan albeit for 10 locations and 10 users. You also get unlimited saved custom reports in the Elite Plan. 

Summary of Features

1. 10 locations
2. 10 users
3. All Professional features
4. Unlimited total saved custom reports

Shopventory keeps an audit log for user actions.

Enterprise Plan – $999/month ($799 annually)

Who is it ideal for?

Businesses with up to 20 inventory locations.

The Enterprise Plan is similar to the Elite Plan except for the number of users and locations. If you have up to 20 inventory locations, this plan fits the business to the tee. You can assign up to 20 users, allowing you to better manage your stocks across locations.

Summary of Features

1. 20 locations
2. 20 users
3. All Elite features

If you have more than 20 locations, you will need to contact the vendor for a custom plan with negotiated pricing terms.

Add-Ons

You can also customize any Shopventory plan with add-ons, such as:

• QuickBooks daily syncing – $30/month 
• +5 users to any plan – $50/month
• +10 custom reports – $50/month 
• Optional personalized onboarding – by quote
• Add +5 locations to Elite – $249/month

All add-ons except for onboarding get two months free with an annual subscription.

Important Things to Consider Before Subscribing

Finally, here are some key pricing information to know when choosing the right plan for you:

• Location means a pool of inventory and not necessarily an actual place. For example, if you have an online store and brick-and-mortar store sharing one pool of inventory, you only have one location. On the contrary, if both have their own inventory pools, they’re considered two locations. 
• Free trial does not require a credit card signup. You can cancel anytime after the trial or at any time into your subscription.
• There are no other fees except for the monthly or annual subscription fees. 
• The vendor promises a money-back guarantee within the first 30 days of paid service. Lumped with the free trial, you can avail yourself of a 60-day free use of Shopventory! This is a no-brainer deal even for the risk-averse business owner.
• Payment is on a pay-as-you-go basis. You can cancel at any time via email or live chat on the vendor website.

Which Shopventory plan suits your business?

Have you decided yet? Choosing between Elite and Enterprise is simple—it’s just a matter of the number of your inventory locations that you have. Getting the Starter Plan is quite straightforward, too, because you know the business doesn’t require advanced tools. 

But if you find yourself deciding between Standard or Professional, you have to take a closer look at their differences. The best way to find out which plan suits you best is, of course, to get a free trial.

By Nestor Gilbert

Nestor Gilbert is a senior B2B and SaaS analyst and a core contributor at FinancesOnline for over 5 years. With his experience in software development and extensive knowledge of SaaS management, he writes mostly about emerging B2B technologies and their impact on the current business landscape. However, he also provides in-depth reviews on a wide range of software solutions to help businesses find suitable options for them. Through his work, he aims to help companies develop a more tech-forward approach to their operations and overcome their SaaS-related challenges.