Lightspeed Inventory Management

Lightspeed Inventory Management Software For Your Multichannel Business

Leverage Finale Inventory to prevent overselling on online channels while processing physical store orders with Lightspeed POS.

lightspeed inventory management, Lightspeed Inventory Management

Manage Offline and Online Sales

What does lightspeed POS do?

Finale Inventory’s Lightspeed inventory management solution is a cloud inventory management software that integrates with the Lightspeed Retail point of sale system. To maximize sales, savvy store owners know the importance of selling both offline and online as more selling channels generally result in higher sales.

Having a firm grasp of inventory becomes more challenging with each additional selling channel. When Lightspeed Retail POS and Finale are used in conjunction, Finale makes it simple to track inventory across your online and offline sales channels in one central location. Upon a point of sale transaction, Finale can be configured to update your inventory and update eBay, Amazon, and other selling channels to prevent overselling.

With multiple location support, Finale’s Lightspeed inventory management solution allows for inventory to be tracked as shared inventory or separate inventory for your online and offline channels.

Separate Inventory Tracking for Offline and Online Sales

lightspeed inventory management, Lightspeed Inventory Management

In this configuration, Finale will track the stock of each channel separately and will update the selling channels every five minutes. Additionally, Finale is able to sync orders multiple Lightspeed readers and decrement the stock from the correct sublocation (e.g. Store A’s Lightspeed POS decrement from Store A, Store B’s Lightspeed POS decrement from Store B, etc.)

Shared Inventory Tracking for Offline and Online Sales

lightspeed inventory management, Lightspeed Inventory Management

In this configuration, Finale’s Lightspeed inventory management solution will track the shared inventory and will update the selling channels every five minutes. For example, let’s say you have five pairs of jeans for sale. If you sell a pair in your physical storefront, Lightspeed  software will send the sale down to Finale, which in turn will update your selling channels that four pairs of jeans are available.

Other Benefits Using Finale’s Lightspeed inventory management solution

There are many benefits to using Finale Inventory as your Lightspeed Inventory Management solution.

Simple Integration. Integration with Finale Inventory literally takes seconds to set-up. All is needed is your Lightspeed software login credentials. There are few changes required to your current Lightspeed configuration to immediately start syncing orders to Finale Inventory and effectively managing your inventory.

Supports Multiple Lightspeed Readers. If you use multiple Lightspeed readers, Finale can be configured to decrement stock in different sublocations based on which Lightspeed reader processed the transactions. As a result, Lightspeed #1 transactions will decrement stock from Store #1, Lightspeed #2 transactions will decrement stock from Store #2, etc.

QuickBooks Integration. Configure your Finale Inventory to sync your Lightspeed software and other marketplace sales to your QuickBooks account to avoid manual double entry of data.

Multiple Marketplace Support. Effectively manage your inventory from multiple marketplaces (e.g. Etsy, eBay, Amazon, and Magento) via ShipStation. Easily consolidate your multi-channel sales to quickly see your inventory in one central location. Click here to a get complete of list integrations.

Product Kitting. Present more selling options to your prospective customers by setting up kits or bundles from your existing products. As kits are sold, Finale will adjust the stock quantities of the child components that comprise the kit.

Restock Forecasting.  Running a growing business is hard.  There’s a lot you have to keep up with.  Leveraging the sales velocity of a product, Finale will automatically calculate dynamic reorder points based on your inputs – supplier lead time, desired safety stock, and expected sales growth — to make smarter, faster-purchasing decisions.

Restock forecasting from Finale gives you one less thing to worry about. When your inventory gets low, we’ll send you an alert letting you know it’s time to send out a purchase order. You can email the purchase order directly from Finale, and when you receive your shipment with Finale, Finale will update all your channels with the will be updated stock quantities.

Support allowing multiple SKUs for a unique Product ID. When you are selling products in different marketplaces (e.g. Amazon and eBay), you may be forced to have different SKUs for the same product. Many customers manage this unnecessary complexity with Excel worksheets. Finale Inventory handles this with a couple of mouse clicks and properly keeps tracks on your inventory.

Support High Transaction Volumes. Conduct a large number of transactions? No problem. Finale Inventory can support up to 50K transactions per month, and we are always scaling our architecture to support even higher volumes. High transaction customers can leverage our integrated turnkey mobile barcode solution to decrease warehouse operations times from receiving and picking while improving accuracy.

Avoid Stock Outs. Keep your business humming along by creating product count thresholds to be alerted what needs to be reordered to prevent costly stock-outs.