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Multiple Companies and More Coming to Megaventory

The Megaventory team is proud to announce that after extensive testing we are finally in the process of rolling out a major new update that contains new important functionalities like multiple companies feature, payment methods, and more. This blog post is about to explain the basics of the features, the purpose of them being added, where can they be found, etc. 

The blog consists of 4 main parts describing each new change with links to more in-depth articles.

Tracking Stock in Multiple Companies

Enabling multiple companies in Megaventory allows you to manage inventory among multiple legal entities. A typical scenario would be when you need to manage companies that share the same or similar products, suppliers, or clients, and thus you can use the data that you are already using for your other companies. Those companies you can completely separate from each other. Therefore, you can do inventory tracking and manage product costs for each company alone.

In settings, you can manage all your companies. Below you can see how it looks.

Once enabled, multiple companies feature is integrated to all relevant parts of Megaventory. That includes document templates, order lists, inventory management lists, various reports, user permissions, unit cost tracking, and inventory value reports. Usually, you can filter by companies as shown in the image below.

For more detailed information and explanation on how to enable and use the multiple companies feature, visit our knowledge-based article.

Documents with Structured Addresses

Until now Megaventory allowed its users to only fill in the address information of clients into a single field called Billing Address. A new update extends this feature to a more organized way by storing the information into separated and more specific fields. In the next image, you can see how the new version handles the filling of address information. For example when created a simple sales order.

As a typical user address comes in different patterns the transfer to structured address information cannot be reliably automated by Megaventory. Therefore, it is necessary for all our customers to manually organize the address data into the relevant fields. But don’t worry about losing data after the update. All the data containing the addresses of your clients will be stored in the “Address Line1” field as shown in the next image.

To make the transfer easier you can use a spreadsheet, fill in all the information for all your clients at once, and upload it into Megaventory. For more detailed information regarding this feature and the process of updating your user data visit our knowledge-based article.

Payment Methods in Order Management

The new update will also give you the ability to choose which payment method you want to use for example for a chosen sales order. You can use predefined payment methods but you can also use the localization feature and add your own payment methods. Below you can see how the payment methods feature looks like in the new version of Megaventory.

To learn more about this feature and the process of setting up your own payment methods visit our knowledge-based article.

Integration with MyData Greek Tax Authority

Greek authorities make it mandatory to pass certain documents to the government. Therefore, Megaventory integrates this feature for customers who might need to use it. To enable the feature go to Integrations > AADE MyData and click on the toggle. Then you can set up all the necessary information in the Authorization Settings, Invoice Mapping, and Tax Mapping pages

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Tomáš Harašta works as an Online Marketing Specialist at Megaventory. He loves problem-solving, working with data and creating useful and original content. In his free time he enjoys exploring new places and trying new things.

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