TradeGecko is an inventory management service that aims to make the inventory management of a business more accurate, seamless, powerful and affordable so businesses can concentrate on actually growing their company. TradeGecko works great with large enterprises with extensive warehousing operations, but it is friendly enough in pricing and usability for small and medium businesses as well. This is due to a wide range of excellent features provided by this software that has made it such a popular platform. In this article we analyze all the TradeGecko pros and cons of to give you a solid overview of its capabilities.
Our experts closely analyzed TradeGecko functionalities and gave it a high score. We tested not only its key features, but also elements such as integration, customization, ease of use, help and support quality and more.
In addition to the top rate features, the vendor offers flexible pricing plans that are suitable for the needs of both small and large companies. There is also a great free trial plan which gives you the opportunity to check out the software‘s features free of cost. With it, you can effectively evaluate how the software works and if it can help you boost your company’s productivity.
With that in mind, we shall be looking in a bit more detail at the various advantages and disadvantages of TradeGecko. Let this serve as a guide where you can get to know the platform better and learn what makes it valuable to have, especially for your business’ inventory management needs and more.
TradeGecko is designed to handle volume inventories of wholesalers and distributors through its specialized tools. These tools and capabilities allow users to transfer stock data between warehouses quickly, specifying the locations at a specific time, or manage consignments in particular locations. It also allows for the provision of price breaks for huge orders or custom pricing for different retailers. And with its private B2B e-commerce portal, your business customers log into and only see their assigned pricing and particular location where they can order. So if you have sales territories that you do not want to overlap or cannibalize each other, having this portal is a great solution.
The inventory immediately adjusts to sales data, so you’ll be alerted about reorders if your stocks are running low. Likewise, by integrating the software with your e-commerce platform you can complete the fulfillment process.
TradeGecko provides users full control and view over the inventory. Stock data is centralized and updated based on real-time sales orders, so you get know accurately what you have, where it is, and how much is the inventory level per product and sales channel. You can also create sales reports for each sales channel and compare them, which helps you to identify what are the strong and weak revenue streams. Inventory levels are automatically updated across your sales channels so every time you log in you get the latest data. This also helps you to minimize manual errors because inventory data is synced with your sales and accounting systems. You can set up remote access, as well as set permission levels for different users.
As such, TradeGecko can be considered to be like an ERP system, sharing its robustness but is more intuitive and affordable. You get the same ERP benefits like the ones offered by other ERP systems such as inventory management, multi-channel sales, CRM, order fulfillment, and system integrations among others.
TradeGecko offers flexible pricing and payment processing worldwide. For one, you can also scale the features and pay only for the tools you need for your business at the moment. More importantly, if you have a global business, that flexibility also extends to supporting currencies of your global locations, making it better for your customers to see your prices in their currencies, while you enjoy the convenience of getting paid in your own currency. In the meantime, accounting records and analytics reports are still kept using your base currency, so your financial data is familiar on your end. Likewise, TradeGecko gives you the option to set discount pricing for bulk orders or favorable payment terms. This lets you attract the attention of major buyers using attractive pricing deals.
The platform’s global reach not only supports multiple currencies but also multiple warehouses located anywhere in the world and country-specific tax policies so your business complies with the various tax regulations anywhere in the world. You can learn more about TradeGecko pricing and payment processing in our detailed review of the software.
TradeGecko provides your business more than just an inventory system. As mentioned above, you can complete the fulfillment process by linking the software to your e-commerce site. It also helps to power your online store with its integrations with various shopping platforms such as Shopify, Magento, WooCommerce, and Bigcommerce. Or you can easily use the API to link TradeGecko with your own online shop. Likewise, if you’re selling on Amazon you can integrate inventory and sales data through the software. For accounting, TradeGecko integrates well with Xero.
The software also has substantial CRM functionalities. It lets you import your bulk list of customers and suppliers. You can sort the entries based on your preferred categories, view order history of each entry, assign notes, and set visibility control to manage data privacy.
In addition to what has been listed above, TradeGecko also offers these features as well:
Like any other software TradeGecko has a few disadvantages. However, these are minor drawbacks that are clearly outweighed by the platform’s benefits. For one, TradeGecko is not an ideal platform for brick-and-mortar retail businesses because it lacks POS support. Manufacturers may also not find the platform useful because it is not designed for manufacturing cycles like Bill of Materials and batching. It doesn’t support dropshipping at the moment, as well. If you want to learn more about TradeGecko features and integrations read our detailed review of their service.
Our research on TradeGecko pros and cons clearly shows that the app offers numerous advantages to its users and it remains the best option for an inventory management system for most businesses. The platform is simple and powerful enough to handle all your inventory needs and even more with its integration with a number of online shopping platforms. What’s more, it has very flexible pricing plans that address the various needs of your business and you can easily try out the capabilities of TradeGecko with their fee trial plan.
FinancesOnline is available for free for all business professionals interested in an efficient way to find top-notch SaaS solutions. We are able to keep our service free of charge thanks to cooperation with some of the vendors, who are willing to pay us for traffic and sales opportunities provided by our website. Please note, that FinancesOnline lists all vendors, we’re not limited only to the ones that pay us, and all software providers have an equal opportunity to get featured in our rankings and comparisons, win awards, gather user reviews, all in our effort to give you reliable advice that will enable you to make well-informed purchase decisions.