Xero Now Has Their First U.S. Based Inventory Management Solution
SAN FRANCISCO, Feb. 20, 2013
Stitch Labs, provider of an integrated inventory and order management application for the SMB market, has announced the release of their latest integration partner, Xero. With this new integration, product-based businesses have their first U.S.-based inventory management system that integrates with Xero's beautiful online accounting software.
Early this year, Xero announced they had eclipsed the 135,000 paying customers mark. Many of those customers sell products. Before integration with Stitch Labs, an area of opportunity for Xero was inventory management, especially multi-channel inventory management. Now, Stitch Labs makes that opportunity a strength by offering a Xero-integrated inventory management solution that allows sellers to sell through sales channels both online and offline.
"With Stitch Labs' seamless integration to Xero, product-based businesses all over the U.S. can manage inventory and have accounting data automatically appear in our software. We're thrilled to have Stitch Labs as a partner, said Jamie Sutherland, President of U.S. Operations at Xero.
Online sales will surge 45 percent to $327 billion in the U.S. in 2016 from $226 billion in 2011, estimates Forrester Research Inc. Entrepreneurs are continuing to find ways to take part in that growth by selling on their own websites and fast growing marketplaces like Etsy and Amazon. Etsy saw transaction volume increase 70.3 percent in 2012 to $895.1 million dollars and Amazon's more than 2 million Third Party Sellers are becoming a bigger piece of the Amazon pie. Third Party Seller units as a percentage rose from 36 percent in Q4 2011 to 39 percent in Q4 2012. Sellers are looking for more effective business tools to help manage this explosive growth.
"Accounting makes most people cringe. With the approach Xero is taking, it no longer is a painful experience. Not only is their accounting application easy and powerful for their users, but as a company, they are extremely responsive to the needs of their customers and partners. They have been outstanding to work with," said Brandon Levey, CEO of Stitch Labs.
With Stitch, users have the ability to sell through multiple channels, manage inventory in an automated way and have an in-depth understanding of how their business is performing, no matter how they choose to sell their products. Prior to this release, Stitch Labs integrated with several popular hosted selling platforms, including Amazon, Shopify, BigCommerce, Etsy and Storenvy. They also integrated with payments giant PayPal and shipping service ShipStation to round out their suite of business applications.
About Stitch Labs
Stitch Labs has created a fully integrated business management suite for the SMB market. Stitch was designed to solve problems the owners experienced while running product-based businesses. The online application allows for simple inventory management, order fulfillment, invoicing, expense reporting and business analytics. Stitch automatically syncs inventory, enabling merchants to flawlessly keep track of inventory while selling across multiple channels. A growing list of integration partners includes Amazon, Shopify, BigCommerce, Etsy, Storenvy, PayPal, Xero and ShipStation. www.stitchlabs.com
Xero is beautiful, easy to use online accounting software for small businesses and their advisors. The company has over 135,000 paying customers in more than 100 countries around the world. Xero's U.S. team is based in San Francisco. Xero is hosted with Rackspace in Texas. www.xero.com If you'd like more information about this topic, or to schedule an interview with Brandon Levey, please email us at email@example.com