Square Inventory Management for multichannel sellers

Square Inventory Management Software For Your Growing Business

Leverage Finale Inventory to prevent overselling on your online selling multiple channels.

Prevent Overselling with Square Inventory Management

If you have a booth at a trade show or a physical storefront, Square makes it easy to take payment anywhere your customers are. To maximize sales, savvy store owners know the importance of selling both offline and online as more selling channels generally result in higher sales, but selling on multiple channels requires a Square inventory management solution to seamlessly manage inventory.

Having a firm grasp of inventory become more challenging with each additional selling channel. When Square and Finale are used together, Finale makes it simple to track inventory across your online and offline sales channels in one central location.

Customers who use both Finale and Square will automatically sync inventory across different selling channels to prevent overselling on their ecommerce channels.

With multiple location support, Finale 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

square inventory management

In this configuration, the cloud inventory management system 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 Square readers and decrement the stock from the correct sublocation (e.g. Store A’s Square reader decrement from Store A, Store B’s Square reader decrement from Store B, etc.)

Shared Inventory Tracking for Offline and Online Sales

square inventory

In this configuration, Finale will track the shared inventory and will update the selling channels (e.g. Shopify and BigCommerce) within five minutes of a stock change.

For example, let’s say you have five pairs jeans for sale. If you sell a pair in your physical storefront, Square will send the sale down to Finale, which in turn will update your selling channels that four pairs of jeans are now available.

Other Benefits Using Finale Inventory

There are many benefits to using the software as your Square Inventory Management solution.

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

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

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.

QuickBook Integration. Configure your Finale Inventory to sync your Square 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.

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. The Square  inventory management solution handles this with a couple mouse clicks and properly keeps tracks on your inventory.

Support High Transaction Volumes. Conduct a large number of transactions? No problem. Finale  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 barcode inventory management solution to decrease warehouse operations times from receiving and picking while improving accuracy.

Multiple Shipping Location Support. Easily manage your inventory across multiple shipping warehouses from Finale Inventory.

Avoid Stock Outs. With the advanced order management capability, keep your business humming along by creating product count thresholds to know what needs to be reordered to prevent costly stock-outs.