Square and Thrive have announced an expanded partnership to simplify secure multi-channel inventory management for retailers.
This new integration is expected to help Square sellers efficiently synchronize their catalogs, inventory, and sales with Shopify, while keeping Square as their trusted source of safety and security.
The collaboration will allow retailers to create and edit products within Square, with updates automatically reflected on Shopify. This procedure aims to prevent overselling, automate restocking, and save time managing multiple systems.
Optimizing Retail Operations for Busy Seasons
Square’s official press release highlights the importance of a secure and reliable inventory management system for local businesses heading into busy periods such as the holiday season. As e-commerce surges, maintaining a strong in-person presence remains crucial.
Around 50% of Square retail sellers operate across channels, working to keep store shelves stocked while ensuring online orders are accurate and customer satisfaction is high. The complexity of this process increases with each passing year, making the new Thrive integration essential for streamlining in-store and online operations and reducing manual reconciliation efforts.
The key benefits and features of the new Thrive integration include:
- Unified catalog management, allowing users to create and edit items in Square that will automatically sync with Shopify for consistent product listings.
- Real-time inventory updates, ensuring stock levels are accurately reflected between Square and Shopify to avoid overselling or discrepancies.
- Square as the source of truth, enabling all updates to begin in Square while maintaining accurate reporting and analytics across multiple channels within a single destination.
This integration is tailored for retail product sellers operating both in-store via Square POS and online via Shopify, businesses with one Square fulfillment location and multiple Square locations, companies wanting to keep Square as their system of record, and local retailers aiming to centralize operations to reduce manual purchasing and stocking processes.
