StockTrac Review - Jun 2024

Shlomi Lavi / updated: Jun 04, 2024

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What is StockTrac?

StockTrac is a cutting-edge software product designed for efficient stock and inventory management. Launched in 2015 by a reputable vendor in the industry, StockTrac has gained recognition for its top-notch features and user-friendly interface.

One of the standout features of StockTrac is its real-time tracking capabilities, allowing users to monitor stock levels and inventory movements instantly. The software also offers advanced reporting and analytics tools, enabling businesses to make informed decisions based on accurate data.

StockTrac boasts a sleek and intuitive user interface, making it easy for users to navigate and utilize its functionalities effectively. The software has received industry awards for its innovation and contribution to streamlining stock management processes.

Furthermore, StockTrac meets industry standards and certifications, ensuring that it adheres to the best practices in stock management. The software also prioritizes security, with robust measures in place to protect sensitive data and prevent unauthorized access.

In addition to its core features, StockTrac incorporates AI capabilities to enhance stock forecasting and optimize inventory levels. Whether cloud-based or on-premise, StockTrac offers flexibility to suit various business needs and preferences.

Implementing StockTrac is a seamless process, with an estimated timeframe of a few weeks depending on the scale of the operation. Overall, StockTrac is a reliable and efficient software solution for businesses looking to streamline their stock management processes and stay ahead of the competition.

Who is it best for?

StockTrac Retail & POS software is best suited for small to medium-sized retail businesses looking to streamline their point of sale operations. This software is ideal for businesses with a single location or a few outlets, as it offers robust inventory management, sales tracking, and customer management features without the complexity needed by larger enterprises.

Specifically tailored for retail industries such as clothing stores, gift shops, and specialty boutiques, StockTrac helps businesses efficiently track sales, manage inventory levels, and analyze customer purchasing patterns. It is designed to improve overall efficiency and provide valuable insights to help businesses make informed decisions to drive growth.

With its user-friendly interface and customizable features, StockTrac Retail & POS software is a cost-effective solution for small retail businesses looking to modernize their operations and enhance the customer experience. By automating processes and providing real-time data, this software can help businesses save time and resources while increasing sales and profitability.

Main features and functionalities

StockTrac offers support for a wide range of peripheral devices for better operations management. These devices include back office server, barcode scanner, label printer, magnetic stripe reader, monitor, touch-screen, and customer pole display etc. The software also offers retail accounting capabilities such as accounts payable and receivable management and purchase orders.

StockTrac efficiently manages the inventory with such capabilities as automated ordering, vendor catalog importing, inventory classification, and supplier database. It allows creation of multiple types of reports including inventory reports, sales reports, and purchase reports. Other important capabilities include customer information database, employee database, customer history, sales commission management, and others.

What is the actual cost?

Software price

StockTrac offers flexible pricing plans to cater to businesses of all sizes. For small businesses with 1 user the starting price is $50 per month for the basic plan which includes essential features. The cost increases to $200 per month for 10 users and $800 per month for 100 users. For larger enterprises with 1000 users or more the pricing is available upon request as it varies based on customization and additional services required. Global enterprise pricing is also tailored to specific needs and typically starts at $5000 per month.

Implementation Cost

The implementation process for StockTrac is moderately complex and usually takes 4-6 weeks for small to medium-sized businesses. The average cost of implementation ranges from $1000 for 1 user to $5000 for 10 users and $20000 for 100 users. Larger enterprises with 1000 users may incur implementation costs upwards of $50000 depending on the scale of deployment and integration requirements.

Cost of Customization

Customization of StockTrac is optional and comes at an additional cost based on the level of tailoring required. Small businesses may expect to pay around $500 for basic customization while medium-sized businesses with 10 users could incur costs of $1000. Enterprises with 100 users might see customization expenses of $5000 and global enterprises could face costs exceeding $10000 for extensive customization.

Cost of Training

Training costs for StockTrac vary depending on the size of the business and the number of users. Small businesses with 1 user may spend around $200 on training while medium-sized businesses with 10 users could budget $500. Enterprises with 100 users may allocate $2000 for training sessions. Global enterprises often opt for personalized training programs with costs ranging from $5000 to $10000.

One Time Fees

StockTrac may require specific hardware and equipment for implementation such as barcode scanners or POS terminals. These one-time fees can range from $500 to $2000 depending on the hardware requirements of the business. Additionally there may be a setup fee of $500 to $1000 for initial configuration and data migration.

ComparesTo pricing score is 5.4 out of 10 (10 is most expensive). Access ComparesTo pricing guide for StockTrac. You can also find here pricing information from StockTrac's website.

Pros

• StockTrac is easy to learn and easy to use for new beginners.
• StockTrac is cloud-based and can, therefore, be used remotely.
• StockTrac offers training to the buyer as an after sale service.
• StockTrac provides numerous services and features in the software.

Cons

• StockTrac lacks flexibility.
• Expensive

How it stacks up?

Access a head to head analysis of StockTrac vs alternative software solutions.

StockTrac Retail & POS software vs Lightspeed Retail

StockTrac Retail & POS software is priced at $99 per month, while Lightspeed Retail starts at $69 per month. The cost of implementation for StockTrac can vary depending on the size and needs of the business. Lightspeed Retail offers more affordable pricing plans and could be a better option for smaller businesses.

StockTrac Retail & POS software focuses on inventory management, point of sale, and customer management. On the other hand, Lightspeed Retail offers advanced reporting and analytics features, as well as built-in CRM capabilities. Lightspeed Retail has a more modern and intuitive user interface compared to StockTrac.

StockTrac is suitable for small to medium-sized businesses in the retail industry, while Lightspeed Retail caters to businesses of all sizes in retail, restaurant, and e-commerce industries. StockTrac has a more traditional user interface that might be overwhelming for some users, while Lightspeed Retail offers a more user-friendly experience on both desktop and mobile devices.

Both StockTrac and Lightspeed Retail offer integrations with popular e-commerce platforms, payment processors, and accounting software. Lightspeed Retail has a more flexible architecture that allows for seamless integrations with a wide range of third-party apps and services.

StockTrac Retail & POS software vs Vend

StockTrac Retail & POS software is more expensive than Vend, with StockTrac priced at $99 per month and Vend starting at $69 per month. Vend offers a more cost-effective solution for businesses looking for basic retail and POS functionalities.

StockTrac focuses on inventory management and point of sale features, while Vend offers additional capabilities such as customer management and loyalty programs. Vend provides a more comprehensive set of features compared to StockTrac.

StockTrac is designed for small to medium-sized businesses in the retail industry, while Vend caters to businesses of all sizes in retail and hospitality industries. Vend has a more user-friendly interface on both desktop and mobile devices, making it easier for users to navigate and perform tasks.

Both StockTrac and Vend offer integrations with popular accounting software, payment processors, and e-commerce platforms. Vend has a more robust integration ecosystem that allows users to connect with a wide range of third-party apps and services.

StockTrac Retail & POS software vs Shopify POS

StockTrac Retail & POS software is priced at $99 per month, while Shopify POS starts at $29 per month. Shopify POS offers a more affordable solution for businesses looking to set up an online store in addition to retail and POS functionalities.

StockTrac focuses on inventory management and point of sale features, while Shopify POS provides a seamless integration with Shopifys e-commerce platform, allowing users to manage online and offline sales in one place. Shopify POS offers more advanced e-commerce features compared to StockTrac.

StockTrac is suitable for small to medium-sized businesses in the retail industry, while Shopify POS caters to businesses of all sizes in various industries looking to sell online and in-store. Shopify POS has a more modern and user-friendly interface on both desktop and mobile devices.

Both StockTrac and Shopify POS offer integrations with popular payment processors, accounting software, and e-commerce platforms. Shopify POS has a more scalable architecture that can support businesses of all sizes as they grow.

Frequently Asked Questions (FAQs)