Square Expands Partnership with Thrive to Enhance Inventory Management Efficiency
Written by Emily J. Thompson, Senior Investment Analyst
Source: Businesswire
- Partnership Expansion: Square has expanded its partnership with leading inventory management system Thrive, enabling retailers to create and edit products within Square and automatically update them on Shopify, thereby streamlining multi-channel inventory management and enhancing operational efficiency.
- Inventory Management Optimization: The new integration eliminates the risks of stockouts and overselling through real-time updates, ensuring merchants can execute orders with precision during busy seasons, which in turn boosts customer satisfaction and sales.
- Multi-Channel Synchronization: With 50% of Square's retail sellers operating across multiple channels, the Thrive integration reduces the complexity of manual reconciliation, allowing merchants to focus more on customer experience and enhancing community engagement.
- Global Availability: The Thrive integration is now available to Square sellers in the U.S., Canada, U.K., Australia, and Spain, further expanding Square's market reach and strengthening its competitive position in the global retail market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
