Thrive by Shopventory provides a cloud‑based inventory management platform that centralizes stock tracking, reporting, and optimization for multi‑location retailers. The software integrates with popular POS and e‑commerce systems, offering real‑time inventory visibility, automatic purchase orders, barcode scanning, and custom reporting to reduce manual work and save roughly an hour per day per location.
Funding
$1.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Retailers with multiple locations often struggle to keep inventory data synchronized across stores, leading to manual stock tracking, inaccurate stock levels, and time‑consuming reporting.
Solution
Thrive by Shopventory offers a cloud‑based inventory management platform that centralizes stock data from all locations in real time. The system connects directly to popular point‑of‑sale and e‑commerce platforms, automatically updating inventory counts, calculating cost of goods sold, and generating purchase orders without manual intervention. Users can monitor product movement, set reorder thresholds, and access custom dashboards that highlight sales trends and dead stock. By automating routine tasks such as barcode scanning, stocktakes, and price‑tag printing, Thrive reduces the administrative burden, allowing retailers to save roughly one hour per day per location and focus on growth.
Target Audience
Thrive is designed for multi‑store retailers, franchises, and wholesale distributors that need centralized inventory control and automated reporting across their network of locations.
Features
- Real‑time synchronization of inventory across unlimited locations and products
- Seamless integrations with major POS and e‑commerce systems for automatic data flow
- Automated purchase orders and stock transfers based on configurable min/max levels
- Barcode generation, scanning, and label printing support for Dymo, Brother, and Avery printers
- Custom reporting suite including profitability, dead inventory, franchise, and regional dashboards
- Intelligent stock forecasting and low‑stock alerts to optimize reorder decisions
- Multi‑user security with MFA, role‑based permissions, and theft/discount tracking
- Additional tools such as recipe/ingredient management, bill of materials, and wholesale pricing lists