In a business, efficient inventory management and fast-paced operations are important for success. With a variety of software solutions available in the market, choosing the right one can be a difficult task.
Two of the leaders in inventory management are Zoho Inventory and TranZact. Both offer a range of features that simplify inventory management, sales, and procurement processes. But how can you choose and decide what's suitable for your business?
In this article, you can learn the features, pricing, and details about Zoho Inventory Vs Tranzact to understand their difference better. With this data, you can select the right fit for your inventory needs.
About Zoho Inventory
Zoho Inventory is a cloud-based inventory management solution for small to midsize companies.
- It includes inventory management modules, reporting, analysis, vendor-managed inventory, and easy access.
- It has mobile-compatible apps for Android and iOS devices.
- Customers can follow every item in the inventory using a serial number and batch tracking feature.
Besides shipment tracking, Zoho Inventory has a delivery guarantee component to help users track and invoice their products. This feature allows buyers to follow orders, backorders, and cancel shipments.
Zoho Inventory combines with e-commerce sites like eBay, Etsy, and Amazon for better customer service. It offers a monthly subscription based on the total number of orders processed monthly. The solution is compatible as a Zoho product with the Zoho Finance Suite and books, Zoho's accounting and bookkeeping solutions.
Furthermore, Zoho Inventory offers customers a stress-free online billing system that automatically sends payment notifications. It helps with the creation of invoices and makes fast payments online. However, some might choose TranZact as it is a more user-friendly option.
About TranZact
TranZact is a digital tool used by Indian SME manufacturers to digitize their business operations. TranZact ensures fast results and boosted ROI (Return on Investment) with an automatic UI. It has built-in Tally integration, which makes exact calculations achievable.
TranZact is a cloud-based tool designed for Indian SME manufacturing companies.
- It automates the business strategy for SMEs, from customer inquiries to sales to dispatch.
- The software gives consumers the tools to monitor all their updates in real time.
- It also helps with payment reports and allows users to follow all their orders and stock actions from one platform.
TranZact digitizes the total business process from sales inquiry to product dispatch. It's as simple as Excel but as effective as SAP (Systems, Applications & Products in Data Processing). The system also connects with Tally to ease the accounting process.
TranZact helps its customers in the following ways -
- In TranZact’s Business Intelligence Module, consumers can make decisions with accurate data.
- The tool has advanced Stock Management features to make Production Planning more comfortable.
- TranZact customizes reports in an easy-to-understand Business Overview through its user-friendly Dashboard.
- You can follow every transaction using the unique Timeline feature.
- Construct and Support all GST-compliant company documents perfectly.
- Easily syncs up with Tally to handle your accounts and keep them error-free.
- The implementation time for TranZact is less than 14 Days.
- By comparing quotations and ratings, we can pick the right partners for our clients.
- Safeguards your data via AWS multilevel security and Access Management tools.
For Indian SME manufacturers, TranZact is an extremely simple-to-use Inventory Management software.
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Feature
TranZact is a zero-effort digital transformation solution that offers multiple features that simplify Indian SME manufacturers’ entire business process. It is not ERP software, but a digital automation tool.
Manufacturers can benefit from TranZact features to organize their operations, including purchase, inventory, sales and quotation, and other inventory management processes.
Indian SMEs can save a considerable amount of time daily using our hassle-free platform. Similarly, Zoho Inventory also offers many such features to its clients.
The features provided by both Zoho Inventory vs TranZact include:
| Feature | Zoho Inventory | Tranzact Feature |
|---|---|---|
| API | Yes | Yes |
| Dashboard | Yes | Yes |
| Data Export and import | Yes | Yes |
| External Integrations | Yes | Yes |
| Inventory Tracking | Yes | Yes |
| Supplier, shipping, warehouse, and order management | Yes | Yes |
| Notifications, multi-user, and third-party add-ons | Yes | Yes |
However, some features are only available on TranZact, which makes it a popular choice. These features can add an edge to the production process and help them smooth the production and manufacturing process. These additional features offered by TranZact include:
| Feature | Zoho Inventory | TranZact |
|---|---|---|
| Budgeting Inventory | No | Yes |
| Customer Management | No | Yes |
| Data Display | No | Yes |
| Demand Forecasting | No | Yes |
| Scheduling Production Processes | No | Yes |
| Product Status Notification | No | Yes |
Pricing
TranZact Pricing offers a plan that includes a Lifetime free plan and an Advanced plan.
- The lifetime free plan includes Quotation management and sales and purchase transactions.
- The advanced plan costs 212$ every year and offers material requirement pricing, bill of materials, and production planning. It makes product management much more effective and hassle-free overall.
There are four categories of pricing for the Zoho Inventory. It includes free, basic, standard, and professional plans.
- The free plan of Zoho Inventory allows two users only, increasing with plan upgradation.
- The basic plan offers 10, the standard provides 15, and the professional plan offers 20 users.
- The professional plan of Zoho Inventory also offers serial number tracking for better product planning.
Manufacturers must understand the difference between Zoho inventory vs Tranzact price.
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Upgrade Your Inventory Management Process With TranZact
TranZact is a comprehensive tool that offers a dashboard to track important information related to your production operations. Zoho Inventory provides item-kitting features that are flexible enough to suit the needs and requirements of every business.
Zoho Inventory Management Software vs TranZact lets you keep an eye on the general health of your business. You can track quotations, order conversions, and get automated reminders and notifications of important events and activities.
TranZact offers simple yet effective production planning and pricing for small and advanced-level businesses. It is widely used and provides more advanced features than the Zoho Inventory.
The right inventory management software for you depends on your needs and requirements. All these features and benefits give an edge to TranZact. Also, check the verified reviews while selecting management tools for smooth production and manufacturing processes.
Zoho Inventory vs TranZact FAQs
Q1. Can Excel be used as an alternative to inventory management software?
You can use Excel as a low-cost inventory management program. Businesses can also use TranZact's free-of-cost services as it integrates with Tally for inventory tracking and is user-friendly.
Q2. What is the MRO Inventory?
MRO stands for Material, repair, and operations inventory. This type of inventory specializes in smooth production operations and does not consist of finished goods.
Q3. What is ERP inventory management?
ERP stands for Enterprise Resource Planning and is an approach to managing business operations using a single platform. This inventory management technique combines all operations into one place and organizes them together.
Q4. What is the MRP inventory management system?
MRP, or material requirement system, is a part of inventory management that keeps track of inventory and supply management to estimate raw materials. It helps the industry to regulate inventory levels and schedule delivery on time.
