Accounting software provider Reckon has signed a deal with Tidy International, integrating its stock and inventory management system, TidyStock into Reckon One.
Reckon managing director for ANZ Sam Allert said the partnership would allow existing customers to access the inventory functionality with their online accounting software, in particular for those in the manufacturing, wholesale and retail industry.
Mr Allert also said the addition would provide customers with a “powerful inventory system for single or multiple locations”, while managing stock handling requirements.
The add-on app aims to allow users to perform stocktakes, stock adjustments, and inventory re-ordering via stock level alerts to avoid running out of stock and missed sales. Features such as bill of materials management for complex product assemblies and line by line margin calculations will also be available.
“At Reckon, we are constantly looking for tools to help our small business users run their operations more efficiently,” Mr Allert said.
“We are thrilled to welcome TidyStock into our stable as not only will it integrate easily into our platform, but will allow Reckon users to avoid the woes of double entry and data discrepancies.”
Tidy International chief commercial officer Ray de Silva welcomed the deal, saying its cloud-based product was a natural fit with Reckon One.
“Tidy is delighted to be partnering with Reckon to provide our popular TidyStock product, fully integrated with Reckon One, to deliver a seamless stock management and accounting solution,” said Mr de Silva.
Jotham Lian is the editor of Accountants Daily, the leading source of breaking news, analysis and insight for Australian accounting professionals.
Before joining the team in 2017, Jotham wrote for a range of national mastheads including the Sydney Morning Herald, and Channel NewsAsia.