Megaventory is a cloud inventory management and order fulfillment software solution with strong manufacturing and reporting capabilities aimed at medium-sized businesses.
It can handle purchase orders to suppliers, invoicing and tracking associated inventory increases (as well as returns to vendors). It can also support sales order fulfillment and the necessary stock increases (again complete with return tracking). Other scenarios are supported as well such as selling on consignment, pre-ordering, drop-shipping and various other workflows useful in brick and mortar shops or e-commerce stores.
Manufacturing is also supported as is kitting (bundling) along with bulk processing in these types of processes. Bills of materials, partial receipts and allocations and labor costs can also be tracked and the associated paperwork is also provided. A large number of reporting features are also provided (for example reports such as inbound and outbound movements, availability levels, gross profit, inventory value, etc).
Other various features are also included by default such as sophisticated user permissions, full data import and export, multiple currencies and exchange rates, pricing rules, significant self-localization and customization elements (including creating custom documents) and a rich API.
Pros
It is very straightforward, so the implementation time is really short. You can pretty much start using it as soon as you buy it, although of course some configuration is necessary. It has a trial version which is amazing because you don't have to sign a contract or pay upfront and only afterwards realize what the software does/doesn't do.
We like that we can manage our procurement, inventory and manufacturing from one solution and that it integrates with SolidWorks. The customer support is also amazing. They answer really fast and help us figure out how to solve our problems. They will also do customizations at request, which we have some times needed, and they delivered to our satisfaction.
In a nutshell, we are getting great value for money.
Cons
We would love it if we could have:
1. A purchase requisition process that includes manager approval (our procurement department still receives emails and spreadsheets to know what to purchase)
2. A more comprehensive AP invoice functionality. We can only record invoices that are linked to a PO/material receipt, so the rest of them (electricity bill, insurance, travel expenses) we cannot record in the system. This means we have two sources of payables and that is not good practice. :(
3. Approval limits for POs for different users. Some of our buyers should not be placing orders of more than a certain amount, but we cannot restrict that.
We have not been too deep into costing or shipping functionalities yet, so I cannot comment on those two topics.
Thank you for your review.
As already mentioned, we have taken down your requests for purchase quotes with manager approvals and order value limits for consideration regarding inclusion in our product roadmap - thank you for your suggestions!
Please note that you can create a product of Product Type Service and use that to record invoices such as those you mention (i.e. insurance, expenses, etc). Megaventory is not an accounting software so if you need a proper AP management, then you need appropriate bookkeeping software
So, although again we see the value of such functionality living inside Megaventory until more advanced bookkeeping features become available you can make use of Quickbooks Online which integrates with Megaventory and can fully track your AP and other bookkeeping information.
Again thank you for your contribution.
Saved me time to work on other tasks.
Records all purchases and sales so I can analyse data to help business grow.
Easy for staff to learn and use.
Lots of potential to grow with my business and use more features as I have time to find out more!
Pros
It is very easy to use, and has great help guides and customer service to help customise the software to my business needs. I am able to easily analyse my sales data from different perspectives to help my future stock ordering decisions and grow my business. It also helps me keep track of stock between my studio and the warehouse and customer sample loans. Ive also been able to set up api triggers and zaps between Megaventory and my sales platforms and accounting software which has saved time with daily tasks. it really has saved me lots of time in the long run!
Cons
It does take a bit to get used to the flow of documents and you need a bit of coding help to customise the document types and layouts - but its fine once I got used to the process. I have had small problems getting to grips with the currencies for purchases and sales data but that has all been resolved!
...Its a funny name ;)
Thanks for your review!
We know customizing document layouts can be tricky sometimes esp. for non-technical people - we have in mind a significant redesign of the feature - hopefully soon:)
Currencies are tricky - again we are considering to introduce failsafes to prevent exchange related issues.
Your feedback is most valuable - thank you!
Pros
Can build up data really quickly once you know the right documents to raise.
The chat facility is very good, normally get a response within a few minutes to a few hours.
They work Sunday's as well as through the week.
I have had chat replies at 10pm.
Really Nice people, can build up relationships with them.
Fun emojis and gifs in the chat facility.
We are now getting excellent sales/stock/turnover/Profit/location reports from the system.
Has facility to deal with serial numbers and easy to find documents relating to serial numbers.
Once you get it set up properly, it is addictive, actually wanting to input data and see the results in the reports.
The share facility to colleagues for reporting is fast and easy.
Lots more pros, but I think you will all get the idea.
Cons
If you haven't set up a database before, then there is a lot to do, and have to wait for answers on the chat facility. But they do get back to you.
No telephone customer service. Chat and email only.
Would be helpful if there was a video for set up and early use. (I think they are working on that).
Could do with being able to see serial numbers when searching to add or delete a serial number from a product.
Other small idiosyncrasies, but can quickly get used to those.
We use it on a daily basis to track rolls of fabric coming in and making Go docs for clients to sign POD's. We have using MV about 4 years and they have shown improvements in the system. Over the years we have made several changes to our stock taking program and MV has suited our business.
Pros
We like that it is web based and easy to access. The new interface is good and more user friendly.
Cons
the process of editing items on the fly is tiresome. meaning we have to import new .csv files each time.
Thanks for taking the time to review Megaventory!
Did you know that you can make edits to multiple items at once? Blank fields can be filled in with a single entry and changes in a single field can overwrite current value across all products. Feel free to contact us so we can provide more detail.
Thanks again for your time.
Easy to use and to check. Really cheap and excellent customer service.
Pros
It is one of the cheapest options on the market and it does his job extremely well. We are a sweets confectionery start up and Megaventory offers everything we could need at this stage. The customer service is excellent.
Cons
the software, like most of the competitors, is not really flexible. So in order to change and elaborate your data, you need to force the system a little.
Thank you for your review!
Please be informed that any text you see in Megaventory can be changed to your preference (things like column names, field labels, button names, etc). Also, invoice headers and footers can be adapted to your preference and additional versions can be created. Finally, if these features cannot be used to implement a workaround we're open to custom development work commissioned by clients subject to certain conditions (basically that the new feature is a good fit for the technical infrastructure and the product vision we have).
Hope this helps - we're at your disposal for specific requests.
Pro: $150/month for 5 users, 10k transactions.
Enterprise: Contact Megaventory for detailed pricing information.
Below are some frequently asked questions for Megaventory.
Megaventory offers the following pricing plans:
Starting from: $150/month
Pricing model: Subscription
Free Trial: Available
Pro: $150/month for 5 users, 10k transactions.
Enterprise: Contact Megaventory for detailed pricing information.
Megaventory offers the following features:
Megaventory has the following typical customers:
Large Enterprises, Mid Size Business, Non Profit, Small Business
Megaventory supports the following languages:
Arabic, English, French, German, Portuguese, Spanish
Megaventory has the following pricing plans:
Subscription
We do not have any information about what devices Megaventory supports
Megaventory integrates with the following applications:
Cyfe, Epos Now, LeadMaster, Magento, Magento, Maintenance Care, Pepperi, QuickBooks Online, Salescast, VisitorTrack
Megaventory offers the following support options:
FAQs, Knowledge Base, Online Support, Video Tutorials
Before Megaventory we were in total darkness. Thanks to this tool we now have control over what we are buying, storing and building. Despite being a small software compared to the big ERPs, it is truly keeping us alive. There are of course many things to be improved, but it does the most important things any manufacturing company needs to have.