5 Benefits of Fishbowl Inventory Management Software for Businesses

Technology has benefited almost every business sector. It has transformed the conventional methods to create methodologies that complement today’s dynamic market.

Similar is the case with inventory management. Companies have realized that it is time to move on from conventional spreadsheets or pen and paper-based inventory management techniques to an advanced inventory management software.

Fishbowl Inventory Management is one such software built and designed to facilitate a better and secure organization of inventory data.

All the items are tracked and categorized using multiple methods like serial number, expiry date, lot number, and the like. The system automatically notifies when the quantity of a particular item gets low so that you can order them again.

In short, it is an automated system to manage and control inventory. In addition to this, Fishbowl looks after manufacturing, packing, shipping, and receiving goods.

Let’s look at the benefits that Fishbowl Inventory Management software has to offer:

1. Affordability 

Most inventory control and management applications are costly, which makes them unsuitable for small and medium businesses.

Fishbowl doesn’t let money come in between your business and its growth by offering solutions with a variety of solutions and at an affordable price.

2. Cost Saving  

Does managing your inventory consume a substantial amount of time and effort? Do you spend hours finding the right data in Excel sheets? Are there frequent inventory errors?

With Fishbowl, you can minimize human errors and save money. It will give you an indication when the inventory levels are low, and a stock renewal is needed.

The software also helps you maintain the right amount of stock so that you have minimal extra inventory (saving inventory also increases the overall expense). This also means that your stock will move out well before its expiration date, which will further reduce the chances of loss.

3. QuickBooks Integration  

QuickBooks is the most popular accounting software among small, medium, and large businesses in the USA. Thus, it is vital to choose an inventory management software that seamlessly integrates with QuickBooks.

Fishbowl was built on this very ideology and aims to provide the users with a complete solution for managing the inventory and accounts.

Let’s understand with the help of an example.

Do you make an entry in your inventory when you sell a product? Do you make an entry in your accounts when you sell a product? Is it challenging to keep both in sync?

With the integration of QuickBooks and Fishbowl, your inventory and accounts will always be on the same page. It will automatically make an entry in QuickBooks when you buy/sell a product. It also means that there are lesser chances of double-entry, which can prove to be disastrous in some cases.

4. Virtual Training  

Fishbowl has realized the current scenario of COVID-19 and has prepared itself to provide virtual training sessions. Earlier, their priority was to provide their clients with on-site training on how to use the software.

Still, as the market has changed rapidly, the folks at Fishbowl have started offering virtual training sessions so that your business doesn’t get impacted.

5. Speed Up Tasks 

Fishbowl works towards speeding up most inventory tasks. Specific tasks that consume a lot of time can be done quickly with Fishbowl.

What do you use to scan your incoming products? Do you use a pen and paper, or do you note down the serial numbers in an Excel sheet?

Scanning products with the help of a barcode scanner means that the job that used to take hours before will be done in a matter of a few minutes.

And Finally  

Automate the inventory processes by using the Fishbowl Inventory Management Software and scale your business to reach greater heights. Fishbowl offers solutions that are affordable, scalable, and are suitable for almost every industry.

Wish to know how you can integrate Fishbowl with QuickBooks? Get in touch with a Solutions Consultant at 855-781-8934.