For any business with tangible product, one of the things that can probably drive them crazy is the ability to track all of it and make sure that they have enough or know when to re-order them. This is one of the problems that Stitch Labs is trying to solve with their inventory management service. With it, businesses are able to manage contacts, handle fulfillment and invoicing, and generate powerful reports and analytics–know what you’re selling and what people are interested in buying. Small businesses will find this pretty useful since the data isn’t stored in some database in their office. Rather, Stitch’s service hosts all your data right in the Cloud allowing you unfettered access from anywhere you are. Customer satisfaction and redemption is just right around the corner!
This service seems almost like a god-send for some businesses and the investors have definitely paid attention. Announced today on TechCrunch, Stitch Labs just raised $1 million in seed investment led by True Ventures. This is a welcome boon for a company that was started because its founder, Brandon Levey, just couldn’t find “a satisfactory SaaS to manage his own business”. It turned out that Mr. Levey wanted something more than just accounting software and not just an inventory management platform. Well, if something isn’t available, create it yourself…and that is exactly what Mr. Levey did with Stitch Labs. TechCrunch’s Alexia Tsotsis spoke with Mr. Levey and according to her post, Stitch Labs is “dedicated to working with [our] customers to make sure Stitch is powerful and intuitive…” so one can imagine that this $1 million in funding will go a long way into helping scale the service and create something “awesome”.
So how exactly does Stitch Labs work for businesses?
Stitch Labs is a paid service that gives you a free 30-day trial to see if it works for you. If you have an account with services like Etsy, Shopify, or even Quickbooks, you’ll be glad to know that those services will work with Stitch seamlessly. All that you need to do is simply sign up for an account and then you can begin to build and manage your entire product catalog and inventory right from Stitch. The service will even allow you to create professional line sheets, build full product lines, handle unlimited pricing structures, and even attach images to products. Basically, Stitch gives you the power to grow your business without resorting to shelling out thousands and thousands of dollars just to market yourself. Take power back into your own hands and make these services work for you, not the other way around.
Users of Stitch will gain access to their very own dashboard that gives quick sales statistics to the business so that they know what’s going on in near-real time and what needs to be done. From being notified of low stock inventory to being able to manage all expenses and user activity on your site, it all winds up with your business being able to be paid a lot quicker. The dashboard also offers users the ability to help manage their contacts so that they can manage and keep track of the people and other businesses that they do business with. No longer will you need to search for a name or address in another system–Stitch will keep track of it for you. And with their service being stored in the Cloud, you’ll always have access to it no matter where you are. And as an added bonus, you can even use it as a file-saving mechanism as well. Stitch will allow you to take a contact and attach distribution agreements, resale licenses, purchase orders, and other relevant documents so it’s all in one secure and central place available for easy access.
There’s a lot more to Stitch that is available if you are a member, but this inventory management service is probably a good thing to consider when you’re running your own business. If anything, it helps make you more efficient: the faster you are, the more money you save and gain, and the more you’ll be able to grow your business. Everybody wins!
The cost of doing business
Right now, there are only three plans available to businesses interested in being part of this service. If you’re a entrepreneur and a very small business, you can go for the Solo plan which will run you $12 per month and give you up to 2,000 products and 1 GB of storage. But if you’re in a business with partners and employers. then try the Group plan for $24 per month, giving you a 3 user license, 3,000 products to display, and 1.5 GB of storage. Lastly, for larger businesses who still want something affordable but with a bit of a kick, try the Business plan for $79 per month allowing you up to 10 users, 5,000 products to display, and 2 GB of storage.
Each plan that you choose will have its own unique custom domain, secure 256-bit SSL encryption, unlimited companies, contacts, and people, user permissions, multiple daily backups, free phone & email support, reporting, invoicing, and a helpful dashboard.
So since there are paid options available, what will Stitch be doing with the $1 million in seed funding? Well, they’re looking to bring on some “awesome developers” to help grow the business and offer bigger and better services. The company will be working on developing a shopping cart and marketplace integration and get new partners on board in the near future.
Not bad…
Photo Credit: SheKnows.com






