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Cin7 vs Lightspeed
July 03, 2023 | Author: Michael Stromann
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Cin7 is the leading inventory management and growth platform helping modern product sellers thrive. Connect every sales channel and automate orders end to end.
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Lightspeed is the leading provider of cloud-based POS software. Our customers typically see a 20% growth in sales after their first year. Now is the time to join the growing list of independent businesses that choose Lightspeed POS to handle their everyday needs. Lightspeed Restaurant allows you to create your menu in seconds, update your floor plan directly in the system, impress customers with photos of items and allow your staff to focus on creating a unique restaurant experience.
Cin7 and Lightspeed are two popular inventory management software solutions, each catering to different types of businesses. Cin7 is a comprehensive inventory management system designed for businesses with complex supply chains and omnichannel sales. It offers features like inventory control, order management, manufacturing management, and integration with various e-commerce platforms. Cin7 provides robust functionality for businesses with advanced inventory needs. On the other hand, Lightspeed specializes in retail and hospitality industries, providing a point-of-sale (POS) system with built-in inventory management capabilities. It offers features such as sales tracking, customer management, and integrations with payment processors. Lightspeed is well-suited for businesses focused on brick-and-mortar retail or hospitality operations.
See also: Top 10 Inventory Management Software
See also: Top 10 Inventory Management Software
Cin7 vs Lightspeed in our news:
2021. Lightspeed buys Ecwid for $500M
Lightspeed is continuing its acquisition streak by adding two more companies to its portfolio. The Canadian point-of-sale software provider has acquired the e-commerce platform Ecwid for $500 million and NuOrder, a B2B ordering platform catering to wholesalers, brands, and retailers, for $425 million. Ecwid has established itself over the years as a prominent partner of Facebook, assisting small businesses in creating commerce experiences on the social media platform. It has expanded its services to support merchants using platforms such as Square, Wix, Instagram, and Google, sometimes in competition with, but also potentially integrating with, other e-commerce backends like Shopify.
2021. Cin7 acquires DEAR Systems, Orderhive to create SaaS inventory management Leader
Cin7, a trailblazing company specializing in inventory and order management software, has successfully acquired DEAR Systems and Orderhive. This strategic move has established Cin7 as a prominent provider of Software-as-a-Service (SaaS) solutions for managing inventory and orders across various types of product sellers. By aiding thousands of small to mid-sized businesses, Cin7 significantly decreases the expenses, time, and effort involved in selling products. The acquisition of DEAR Systems and Orderhive expands Cin7's capabilities in assisting product sellers with essential aspects such as shipping, manufacturing, warehouse management, and automation. DEAR Systems brings additional manufacturing functionalities and a user-friendly interface, catering specifically to small- and medium-sized businesses (SMBs) and manufacturers. On the other hand, Orderhive elevates ecommerce capabilities to new heights and serves as an excellent option for ecommerce sellers engaged in high-volume and high-velocity sales. With a broader range of solutions available to suit various budgets, the combined forces of Cin7 strive to minimize reliance on disjointed software solutions and manual processes.
2020. Lightspeed acquires restaurant software company Upserve for $430M
Lightspeed has recently made an announcement regarding its acquisition of Upserve, a move that expands Lightspeed's footprint in the restaurant industry. With its existing cloud-based point-of-sale software catering to various businesses, this acquisition further strengthens Lightspeed's position in the market. Upserve, founded in 2009, initially focused on encouraging users to share their purchase information with friends as part of a group of startups. Over time, it transitioned its offerings towards providing business tools encompassing payments, marketing, and loyalty, eventually rebranding as Upserve to emphasize its dedication to serving the restaurant market. The integration of Upserve aligns with Lightspeed's strategic vision of delivering an advanced commerce platform to high-performing businesses worldwide.
