Inventory Management Software Cost Explained: Everything You Need To Know!

Let us give you another solid argument for choosing Megaventory: cost-effectiveness. Choosing Megaventory gives you one of the best pricing out there in the inventory management field. Keep reading to find out about our inventory management software cost!

• How much does our inventory management software cost?
• Minimize infrastructure costs
• Minimal inventory management training
• What customers say about our pricing
• What about the competition’s pricing
• Give it a try!

So, how much does our inventory management software cost?

Pricing must be transparent and predictable. It must also be easy to calculate while at the same time it should be fair. Costs should rise only when the company grows; if you’re starting slow or going through a rough patch, the cost should be possible to be scaled down. And of course, overall, the cost should be affordable.

Megaventory’s pricing plan starts at $150/month and it covers 5 users, 50K transactions, 20 locations, 20K products, 20K clients, 5 different integrations, and 2 hours of training from our customer support team. A 10% discount is available for clients who choose a yearly subscription.

But we can also customize the arrangement according to your company’s needs. If you require more from your inventory management system, we can extend the plan with more users and transactions. There’s also the option for you to increase or decrease the number of users on your own as necessary. In other words, you have the possibility of extending your plan with more users during peak season and then come back to their previous level.

What’s so beneficial about the pricing of Megaventory as an inventory management solution is that you can always know the total cost of ownership. There are no hidden costs that just show up after you start the subscription – neither any set up costs.

Here’s an example ….

Imagine a company starting with 6 users and within 3 years it goes to 8 users – taking a new user per year. The simple pricing will make this transition easy and they will always know ahead of time about the costs needed. Based on the above, the first year will require 12 x USD 200 or USD 2400, the second will go for 12 x USD 250 or USD 3000 and the last will go for 12 x USD 300 or USD 3600. As such, the total cost of ownership, if all goes to plan, will be a flat 2400 + 3000 + 3600 or USD 9000.

Minimize infrastructure costs

It’s already common knowledge that products similar to ours have long been helpful in reducing time spent on tracking inventory. As such, you may be tempted to go with a previous generation solution which is to be installed in your company’s computers. This would mean an increase in hardware costs even before you get the software – as well as other related expenses. These include services to install and maintain the machines, software, and services to secure your investment, update it, back it up, etc.

But because we store all the data in the cloud, this allows you to save money that would have gone into this expensive hardware and its related expenses. Similarly, installation is unnecessary – you access our software by visiting your web account and logging in. Our engineers handle maintenance 100%. Cyber security is not your responsibility – instead, we manage it along with our hosting and other partners. We roll out the updates necessary on a regular basis to all the Megaventory accounts, and of course, backups are our responsibility.

Minimal inventory management training

One of our main priorities is for the app to be used with ease. So we focus on providing as much support as possible through our online resources. Some of these include the Knowledge Base, concise video tutorials on our YouTube channel, and constant customer support. This last option is available through email and in-app live chat.

All of these options help reduce the training costs for you and your employees. The reason is that all of the basic information you need to know can be easily accessed and understood. This way, you will get the value of our software earlier. Even from your first steps in the onboarding process you can already import your own data and start testing the app.

What customers say about our pricing

What better proof can we provide for the advantageous pricing of our inventory management solution than the reviews provided by our customers? As you can see from the examples below they are very satisfied with the services provided for the present pricing.

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.

Pierpaolo S., Operations Manager, Food & Beverages

Overall I would highly recommend Megaventory. You have to have an understanding of what you need, and if its the basic, Mega excels at that and will get you off spreadsheets quickly. Great customer service, not too expensive and a reliable system that works and is easy to learn and use.

Bryan H., Director of Business Operations, Wholesale

What about the competition’s pricing?

You can find Megaventory’s features in competitors at much higher costs, as seen in the screen captures from the comparison on Capterra. Additionally, those with reduced starting prices are missing important features and you may need add-ons that drive up costs. Or they could require you to pay for external help, such as for consulting or training work.

All that being said, Megaventory definitely outranks other inventory management solutions. Especially when considering our solution’s price-to-specification ratio. We always strive to accommodate our clients with the most useful features and the best possible in-app experience.

The best part is that anyone can make a trial account that gives access to all the features in Megaventory. Those who prefer a more personal approach can book a free demo where they can better understand the app and test its fit for their business.

So why not give it a try?

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