Consignment Software
Explore the list of the best consignment software here and select the one that can fulfill the specific requirements of your consignment business.
When it comes to managing customers, accounts, and inventory, consignment businesses have special requirements compared to the other types of businesses.. Consignment business model operates uniquely as they resell the products owned by their customers for a specific share of the sale price. Consignment inventory management, auditing, and accurate documentation are primary concerns for consignors and brokers. Thus, they require using the best consignment software to follow a systematic approach towards managing their business.
What Is Consignment Software?
The consignment software, also known as consignment store software, is a tool that automates and streamlines all the processes of a consignment business like sales & settlements, inventory management, agreement printing, maintaining accounts, and generating reports. Precisely, the consignment tools allow consignment businesses to manage their customers, consignors, inventory, and contracts ensuring smooth workflow and processes.
Why Does A Consignment Business Need A Consignment Tool?
The consignment tool is useful to the consignment business in many ways like -
- Provides access to consignor information easily
- Allows you to search for available inventory based on consignors’ information
- Enables you to communicate with the consignors on a real-time basis
- Ensures smooth transaction process and payment collection, credit card processing, returns & exchanges, etc.
How To Select The Best Consignment Software?
Choosing a perfect consignment software can be overwhelming, but GoodFirms can make it easy for you. Just explore the below-mentioned list of the best consignment solutions, apply user-friendly filters, and shortlist the ones that suit your preferences. Here, you will find in-depth information about each consignment tracking software with legit and authentic user reviews enabling you to make the smart decision.
List of The Consignment Tools | Best Consignment Management Software
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CrossPostIt is a multi-channel consignment and inventory management for online sellers. While starting out as consignment-based software, CrossPostIt has grown that platform while expanding the retail platform. Whether you sell items for others, sell your own inventory or do a combination of both, we have a solution to meet your needs.... read more about CrossPostIt
ConsignCloud automated everything I had been doing manually. Consignor notifications, payment tracking, discounting; the list goes on. It has had immediate and long-lasting benefits for my business. ... read more about ConsignCloud
Liberty 5 supports consignors, customers, retail vendors and purchase outright store accounts. Track consigned items, payouts, transaction history, store bought items, layaways, and buy/trade items. Manage retail inventory, purchase orders, quantities, and sales history. Record store owned inventory, cost of goods, and transactions.... read more about Liberty 5
With over three decades of experience in the industry, ARMS is the world leader in jewelry-specific business development – rivaled by no other! By combining a powerful jewelry-specific software system, with an unparalleled program of technical support and business development coaching, ARMS is the KEY to unlocking your hidden potential and achieving the highest level of business success.... read more about Arms
RJFSOFT – ConsignTill
Easy to use Point of Sale software solution for Consignment and Resale businesses.ConsignmentTill is a software solution specifically designed for shops selling on consignment and also handles “buy-outright” retail items. It provides automated POS transactions, inventory control, commission payouts, printable reports, label/tag barcode printing, integration with Shopify eCommerce, free support and much more. ConsignmentTill will easily adapt to your growing company by runni... read more about RJFSOFT – ConsignTill
MySaleManager.NET is a service that provides full automation for your seasonal consignment sale. It integrates seamlessly with your existing website and offers consignor management, worker management, online barcode ordering/barcoded tag printing, mailing list management, drop-off schedule management, pick-up schedule management, new mom's presale registration, feature-rich administration for sale... read more about MySaleManager.NET
In recent years consignment software vendors have attempted to push 'software as a service' as justification for charging ongoing never-ending monthly or annual payments for using their consignment software. Grand for their profits. Not so much for consignment store owners.... read more about Best Consignment Software
Frontflip runs on the cloud (on Amazon servers), so there's no software to configure on your desktop, no messy drivers and no updates to install. So you can run your business from a tablet, home laptop, or on the go, with ease.... read more about FrontFlip
MyCM delivers an innovative bar coding software system that manages the front end preparation and back end reconciliation for your sale. The MyCM system seamlessly integrates into your existing website and provides instant support for every aspect of your sale. Count on MyCM to take care of the details that are taking your time and focus away from growing your sale. Our system goes beyond barcodes... read more about MyCM
Our store proven POS software makes superior sales & inventory management a breeze. Retail Plus is the foundation for a complete point of sale and retail management system. Our POS software includes point of sale, customer tracking, inventory control, invoicing, purchasing, customer loyalty, card processing, superior support and much more.... read more about Retail Plus Point Of Sale
SimpleConsign’s POS can process sales, purchases, and consignments in a single transaction, as well as supporting voids, returns, partial payments, and credit card processing for online purchases, and the ability to apply discounts to single items or whole transactions. Items can be searched for by name, ISBN, SKU, or entered manually at time of sale, and transactions can be saved and resumed la... read more about SimpleConsign
Ricochet Consignment allows users to create customized consignment splits, categories, and item fees. Vendors and consignors can sign in from anywhere and view or manage inventory, track payouts, and view item statuses. Inventory can be managed with quick-add and quick-search for items, inventory filtering, and label printing. Ricochet’s intuitive interface also allows users to manage consignor ... read more about Ricochet
Rose for Square is a cloud-based solution by Consignor Connect that helps small size firms manage various business operations including PoS, payments, customers, employees and inventory. The solution integrates with Square Services, allowing businesses to manage remote payments, device access, labels, customers, employees and invoices. It also enables users to track consignments, workload and Squa... read more about Rose for Square
Resale Global is a cloud-based consignment management software designed to help businesses handle point of sale (POS) transactions and online selling across a variety of platforms including Instagram, Pinterest, Facebook, Amazon, Google Shopping, and more. The platform allows enterprises to design, launch, and manage personalized eCommerce stores.... read more about Resale Global
If you're looking for a feature rich consignment shop software program to help you manage your Consignment Shop Business that is simple to install, very user friendly, and packed with powerful time-saving and money-making features, then look no further. "The Consignment Shop" consignment software, which comes with on-going support that is second to none and is attractively priced to fit the budget... read more about The Consignment Shop
Rain's POS makes running your business simple. The all-in-one Retail POS built for you. Manage your inventory, customers, and marketing in one system.... read more about Rain
Frequently Asked Questions
Who Can Benefit From Consignment Software?
Consignment software addresses the unique business requirements of pawn shops, thrift stores, brokers, and consignment stores. Any business or individual that resells the products for a specific share of sale price can benefit from the consignment solutions. The consignment businesses need to fulfill many legal formalities and follow a streamlined process while buying, selling, storing inventory, documentation, managing customers & payments, and auditing. The best consignment software helps consignment businesses automate their business processes, save time, ensure accuracy, and remain compliant with government regulations.
How is Consignment Business Different Than Other Retail Businesses?
Usually, businesses buy products from wholesalers and manufacturers and sell them to the customers. But, the consignment businesses hold the consignors' products for the time being in exchange of a mutually agreed price. The consignors need to return that amount to the consignment business within a specific time frame to get their products back. When it comes to managing inventory and payments, the consignment business needs to follow a unique approach because of its different working methodology.
What Are the Main Functionalities of a Consignment Software?
- Manages detailed information about consignees, and customers
- Simplifies inventory management, including segregation of new, used, and store-owned inventory
- Allows setting up your share price for each product to streamline your resell process
- Helps in preparing legal documents for every consignment deal
- Conducts inventory and payment audits
- Automates the calculation of the amount to be paid to the consignees after reselling the products
- Integrates POS system with security system ensuring secure transactions
- Generates customizable reports showing sales statistics, consignments & payments related information
Why Should I Invest in a Consignment Software?
Online consignment shops offer a mix of products at incredible prices. While the consignment retailers are trying hard to differentiate by targeting shoppers and markets of different geographies, the sector is seeing huge competition. Only those online consignment businesses can succeed that are equipped to find and deliver the products that consumers demand, and make the process easy and convenient. Consignment Business Model should incorporate the best consignment software to successfully run their business. Besides saving time and maintaining accuracy in the consignment business processes, several prominent reasons can convince you to invest in consignment store software as given below -
Efficient Inventory Management
Using consignment tracking software, you can be assured that there are no issues relating to theft, loss, or misplaced inventory, resulting in achieving sales goals and increased ROI.
Enhanced Communication
With the help of the consignment inventory management software, you can schedule emails and text messages, maintain real-time communication with your consignors and customers, and keep them updated.
Easy Access To Information
Using a consignment sale software, you have easy access to the information about the consignors, customers, incoming & outgoing payments allowing you to monitor your business consistently and take proactive actions when required.
Managing Prices and Discounts
The consignment software enables you to manage prices and discounts offered on products you are reselling. This helps in ensuring that you don't resell any product below its predetermined limit.
Ensures Financial Stability
As the consignment software allows you to save time, enhance accuracy, and improve productivity, it obviously leads to increased profitability, ultimately ensuring your business organization's financial stability.
Which Type of Consignment Software Should I Choose?
If you are planning to select on-premise software, you need to ensure that you have the required infrastructure and technical support within your premises to manage, maintain, and update the software. But, if you don't have these facilities, we would suggest you go for a cloud-based consignment software as you will just need a computer and internet connection; you don't need to install or download anything. There are Consignment solutions that you can download and work too. Few are free, few are premium ones. The free and open source consignment software is ideal for startups and for those who wish to try the software.
What Are The Factors To Be Considered While Selecting a Consignment Software?
User-Friendly - The consignment software you select should be easy to use and deploy.
Customer Reviews - Ensure there are positive customer reviews posted about the consignment software you have selected.
Maintenance & Support - Make sure the maintenance and support provided by the consignment software vendor you have selected is prompt and excellent.
Business Compatibility - Ensure that the consignment software you select delivers the functionality as per your business strategies and needs.
Integrations - The consignment software you choose should integrate with other tools already in use in your business organization.
If you have any more questions besides those answered above, please feel free to contact us.
