Home > Inventory Management Software > ENVI > ENVI vs Megaventory

ENVI vs Megaventory

Last Updated: November 18th, 2024

Our analysts compared ENVI vs Megaventory based on data from our 400+ point analysis of Inventory Management Software, user reviews and our own crowdsourced data from our free software selection platform.

Overview Pricing Benefits & Features Analyst Ratings Comparison Charts User Ratings Analyst Summary Screenshots

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Product Basics

Envi is a cloud-based solution that streamlines supply chain management for healthcare businesses, covering purchasing, inventory control, requisitions, expense tracking and reporting. It offers a user-friendly and intuitive interface to simplify large data sets and enhance productivity.

Its advanced analytics features provide real-time insights into inventory trends. You can optimize stock levels and reduce operational costs with robust data visualization and reporting tools.

Other top features include seamless IoT integration for automated asset tracking, customizable workflows, real-time inventory visibility across multiple locations and advanced barcode scanning.

The mobile app keeps you connected to your inventory anytime, anywhere. With real-time updates and an easy-to-use interface, you can easily manage your supplies, track stock levels, monitor expiration dates and place orders on the go.

Pricing for Envi typically varies based on the specific needs and scale of the deployment, with options for annual subscriptions or perpetual licenses. This flexibility allows organizations to choose a payment structure that aligns with their budget and operational requirements.

Megaventory is a cloud-based solution that helps manage stock and is designed for operations of all sizes, with a focus on streamlining operational processes. Robust reporting and manufacturing features provide valuable access to operational data that can be leveraged toward planning and forecasting.

It offers several integrations that let users continue using workflows that fit their unique requirements. It supports value-added services such as kitting while also strengthening fulfillment practices.

$400 Monthly

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Tailored to your specific needs

$135 Monthly

Free Trial is available →

Get a free price quote

Tailored to your specific needs

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Product Insights

Enhance Customer Satisfaction: According to our data, Envi has a significantly higher user sentiment rating of 88% compared to industry leaders like Oracle Warehouse (81%) and Dynamics 365 (78%). This indicates greater user satisfaction with its overall performance and experience.
Optimize Stock Levels: Envi automates stock monitoring and restocking to reduce shortages and excess inventory. It ensures that critical items like medications or medical devices are always available when needed.
Track Compliance and Expiration Date: You can track expiration dates to ensure expired medications or supplies are flagged and removed from inventory. This minimizes the risk of using outdated products, helping maintain safety standards and regulatory compliance.
Ensure Timely Reordering: The software automates reordering based on predefined thresholds, ensuring you reorder essential medical supplies before they run out. This reduces manual intervention and the likelihood of manual error to help healthcare providers avoid stockouts of critical items like bandages or pharmaceuticals.
Access Detailed Reporting and Insights: Comprehensive reporting tools provide healthcare administrators with visibility into inventory usage, spending and vendor performance. These insights streamline procurement decisions, reduce waste and help the facility stay within budget while meeting healthcare regulations.

Increased Customer Satisfaction: Improve the accuracy and speed of inventory management processes. Customers and clients gain visibility into the location and status of their orders and can rely on accurate delivery.
Cloud-Based Benefits: Implement with minimal setup, safely store important documents and keep the system up to date automatically.
Mobile Accessibility: Check in, view and interact with important inventory operations from anywhere, at any time.
Easy Interface: Leverage an easy-to-use-and-access environment that generates and displays vital enterprise data. Route valuable resources to tasks that are more important than extensive software training.
Cut Costs: Reduce errors associated with a human when entering manual data and achieve better inventory accuracy. Reducing inventory helps minimize expensive storage costs and make room for other products.

Purchasing: Envi allows you to create purchase orders using your item and vendor masters. You can manage local and GPO contracts directly within the system to maintain compliance and identify pricing opportunities to save costs. With unlimited approval layers for purchase order authorization, you can transmit orders to connected vendors via EDI for seamless processing.
Receiving: You can track receipts by packing slip, lot, serial and expiration date. The system efficiently handles backorders and provides advanced shipment notifications with tracking details. Use the Envi mobile app or third-party barcode scanners to improve the speed and accuracy of your inventory control processes.
Accounts Payable: Envi compares invoice information with your purchase orders, receiving data and GPO contracts to ensure accurate payments. Matched invoices automatically sync with your accounting software and are pre-populated with general ledger account codes, simplifying your accounts payable process.
Inventory Tracking: It helps you streamline inventory management by tracking and supplying products to the right locations while ensuring accurate and cost-effective accounting. You can easily scan barcodes or enter inventory quantities manually using the system or the mobile app.
Analytics & Reporting: The platform provides real-time access to reporting and analytics across all your facility locations. You can use preconfigured analytics dashboards or create custom reports tailored to your needs. Schedule reports to run daily, weekly or monthly to gain insights when you need them.
Shopping Cart: Integrate with your supplier’s catalog and browse products through a marketplace. You can save frequently used item lists for convenient reordering.
Requisitioning: It allows you to create, manage, approve and fulfill electronic requisitions. You can distribute products from dedicated inventory locations and convert requisition lines into vendor-facing purchase orders, all while tracking supply expenses by department.
File Management: Envi offers centralized electronic document storage for all your essential documents. You can attach and easily view contracts, quotes, packing slips and invoices with just a click.
Implant Tracking: The platform automates the tracking and reporting of surgical implants. This allows you and your staff to focus on patient care instead of manual processes.
Single Sign-On: Users can log in with a single set of credentials. The system follows SAML 2.0 protocols and makes it easy to set up and deploy across your organization.
Interface Engine: Envi uses your existing technology investments to create an integrated supply chain solution. It maximizes the value and capabilities of your connected systems for enhanced efficiency.

Inventory Management: Features include stock alerts, serial number application and tracking, location transfers, and multiple locations and warehouses. Complex operations can leverage all tools to stay competitive and run multi-warehouse enterprises.
Tracking Tools: Supports manufacturing through capabilities like costs for works in progress, updates on quick or bulk manufacturing orders, labor costs per work order, and bills of materials. All of these are viewable from an easy-to-access dashboard.
Integrations: Integrates with major third-party apps and e-commerce platforms such as QuickBooks, Zapier, Magento, Shopify, WooCommerce and Crossfire EDI.
Order Fulfillment: Supports client sales orders, supplier purchase orders, consignment sales and purchasing, automated fulfillment capability checks and more.
Data Administration: Set data permissions on a per user basis, backup and restore data, handle multiple currencies, and drill down into valuable data that helps planning and forecasting.

Product Ranking

#44

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Inventory Management Software

#23

among all
Inventory Management Software

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Analyst Rating Summary

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User Sentiment Summary

90%

of users recommend this product

ENVI has a 'excellent' User Satisfaction Rating of 90% when considering 32 user reviews from 2 recognized software review sites.

89%

of users recommend this product

Megaventory has a 'great' User Satisfaction Rating of 89% when considering 225 user reviews from 3 recognized software review sites.

3.0 (2)

4.3 (17)

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4.48 (114)

4.6 (30)

4.4 (94)

Awards

Synopsis of User Ratings and Reviews

Real-Time Visibility: Inventory management solutions provide a clear picture of stock levels across all locations, helping businesses avoid stockouts and overstocking. For example, a retailer can see exactly how many pairs of size 10 blue jeans are in their warehouse and each store, preventing them from ordering more than they need.

Streamlined Processes: It automates many manual tasks, such as order fulfillment and stock transfers, freeing up employees to focus on more strategic tasks. For example, a manufacturer can automatically trigger a purchase order when inventory levels fall below a certain threshold, eliminating the need for manual intervention.

Improved Accuracy: Users can maintain accurate inventory records, reducing the risk of errors and discrepancies. For instance, a distributor can track the movement of each product from the warehouse to the customer, ensuring their inventory data is always up-to-date.

Enhanced Forecasting: Inventory tools can forecast future demand, helping businesses optimize their inventory levels and avoid stockouts. For example, a clothing retailer can use historical sales data to predict demand for specific items during the holiday season, ensuring they have enough inventory on hand to meet customer needs.

Ease of Use: The dashboard has a simple and easy-to-use interface, as more than 90% of reviews on this topic suggest.

Customer Support: All reviews on support indicate that the platform offers excellent, responsive technical support for solving problems.

Budget-Friendly: An affordable price is a great benefit of the software, according to all reviews on its pricing.

Variety of Integrations: It integrates with major platforms such as Shopify and QuickBooks online, which is quite helpful according to all reviews on integrations.

Initial Cost and Implementation: Implementing an inventory management system requires a significant upfront investment, including software licensing, hardware and professional services for installation and configuration. This can be a barrier for smaller businesses or those with limited IT resources.

Complexity and Learning Curve: The platform offers a wide range of features and functionalities, making it difficult for users to learn and adapt, especially without technical expertise. It may also require ongoing training and support to ensure effective utilization.

Technology Dependency: These systems rely heavily on technology, including hardware, software and internet connectivity. Technical issues like system failures, hardware malfunctions or network outages can disrupt operations and lead to data loss or inaccuracies. This can be particularly problematic in industries where real-time inventory visibility is critical.

Features Missing: More than 60% of reviews on this aspect mention that it lacks a few important features such as confirmation fields for purchase orders, price breaks and more.

Report Templates: According to 70% of reviews on this feature, the report templates for invoices and quotes need improvement.

Envi is a comprehensive inventory management solution designed to streamline and optimize the process of tracking, managing and controlling inventory levels. It provides a centralized platform to accurately monitor stock quantities and track product movement.It has an intuitive and user-friendly interface that simplifies complex data sets and enhances productivity. You can also customize the solution to meet the specific needs of any healthcare facility, regardless of their size or complexity.Envi offers real-time inventory visibility, advanced analytics, automated reordering and integration with various systems. It helps optimize stock levels, reduce costs and improve patient care.What makes Envi stand out from its competitors is its compatibility with major clinical and financial systems, ensuring seamless integration with existing workflows. It also offers integration capabilities with electronic health records.Its mobile app is designed to be compatible with both iOS and Android devices. It's your on-the-go inventory management companion. With real-time updates and easy-to-use features, you can stay informed about stock levels, track expiration dates and place orders with just a few taps.However, like all solutions, Envi has some limitations. The initial implementation process can be challenging, especially for smaller businesses, due to a lack of setup support. Also, the report generation section can be time-consuming, often requiring manual formatting adjustments in Excel.Overall, Envi can be a great option for healthcare businesses once they complete the initial setup process. If you're looking for a user-friendly platform that offers essential inventory features and fully focuses on the medical industry, Envi is definitely worth considering.

Megaventory is an invoicing, order tracking and inventory management solution. User reviews highlight that it’s easy to learn and use its features. Quality customer support and a variety of integrations make it a good choice for an inventory management system. It’s also affordable as compared to other solutions. However, its lack of price and PO features is something to be aware of. Users also note that the reporting templates have drawbacks. Companies that are looking for user-friendly, simple inventory management may want to consider it. A 15-day free trial is available to help businesses decide whether it will meet their needs.

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FAQ

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