Vend natively supported by Lokad

Published on by Joannes Vermorel.

This list of apps natively supported by Lokad is growing, and today, we are proud to announce that our native support (beta) for Vend is live starting from today.

Vend is a very nice POS software, very affordable too, and, and we have been impressed by the overal level of polish for all the parts of the app (technical documentation included!).

Managing a couple of outlets via Vend? Now, in just a few clicks, you can connect your Lokad account to your Vend account, and get inventory forecasting reports, pricing optimization and overall commerce intelligence through Lokad. This add-on supports both Salescast and Priceforge.

This add-on is strictly read-only, so your Vend data will not be modified in any way by Lokad. We merely import your orders and your stock movements into Lokad. Thus, even if our logic happens not to cover 100% of the Vend situations, it won't have any impact on your daily usage of Vend.

For Vend merchants, Lokad will remain completely free for the duration of the Vend beta; and this beta will last as long as it takes to ensure a really smooth user experience. Just give it a try.

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New pricing based on business turnover

Published on by Joannes Vermorel.

Our last major pricing evolution took place almost 2.5 years ago, and since that time, Lokad has been making steady and constant progress in developing its business. As a result, our old pricing had simply become out of sync compared to what Lokad has become; and an extensive revision was long due.

Originally, Lokad only had a single app Salescast. Then, we introduced BigFiles - a file hosting service, followed by Sync - our data integration service and finally, we released Priceforge, a full-fledged data processing engine. As the number of apps served by Lokad gradually increased, we introduced new subscription plans for these apps; however, in the process, Lokad's pricing became rather complex.

Moreover, in the last few months, we have been working hard to bring all of these apps together. Today, thanks to Sync, your business data is directly copied as flat files into BigFiles and then loaded by Salescast to generate inventory forecasting reports, and also commerce intelligence dashboards composed with Priceforge. While these interactions might seem quite complex, a single button click can now trigger a full refresh that brings together all these moving parts within Lokad.

Flat monthly fees based on turnover

Our new pricing follows a short list of guiding principles:

  • All features are available for all plans. We listened to our user community and realized that disabling certain features, like the access to Lokad's API, was a pain for many small companies. It is not because a company is small that it is not seeking a very high level of automation. We want all our clients to be benefit from all of Lokad's technology.
  • Flat monthly fees. A metered, consumption-based pricing model is appealing on paper because it captures the exact service usage. However, metered pricing also means that the client is charged a different amount every month, which may turn out to be quite complicated for some of our customers. Moreover, it may often give the wrong incentives to our users such as reducing the frequency of forecasts in order to reduce their Lokad bill - all at the expense of degraded forecasts. Lokad now charges flat monthly fees, with a discount for annual prepayments.
  • Thresholds based on turnover. Our new subscription plans are diffentiated based on the maximal turnover of the client company. For example, our new Basic plan at $150 per month is available for any company with up to $1.5M of turnover. As the exact turnover calculation may vary from one company to the next, we have decided to trust our clients and to primarily rely on a declarative process.
  • The Express Plan remains free. For any company with up to $450,000 of turnover, our Express Plan remains free and does not expire. Moreover, as indicated above, the Express Plan now gives you access to all of the features. Lokad remains committed to delivering a free service to all emerging companies.

Impact for current clients

Current clients will be granted access to all Lokad features, no matter what they were already entitled to under their initial plan. No client will lose access to any particular feature because of the upgrade in our pricing terms.

Once a contract has been signed between Lokad and the client, Lokad will naturally keep honoring the terms of this contract. Clients can also request an amendment in their existing contract in order to reflect Lokad's new pricing terms.

When no contract had been signed, as it is usually the case with the Express Plan, then, your company may or may not remain eligible for our Express Plan depending on its size.

Rest assured that Lokad will not cut off the service for any client before taking the time to engage in a discussion with someone from your company, which will take place over the coming months. Here, our primary goal will be to be fair with the expectations of our long time users.

As usual, our Lokad team is here to address your questions and concerns, don't hesitate to drop us a mail at contact@lokad.com if you seek more details about our new pricing.

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Built-in dashboards for Salescast

Published on by Joannes Vermorel.

For years, Salescast has been delivering the best demand forecasts we could compute, but from the user experience angle, Salescast was plain, very plain. For every product or SKU, you would get the reorder point and the reorder quantity; and that was it.

Over the last couple of months, we have been steadily developing new ways to have our apps working better together, and today, we are happy to announce that Salescast now delivers built-in dashboards. For third-party apps that we natively integrate like Brightpearl, Linnworks and TradeGecko, those dashboards have been tailored to take advantage of the exact scope of data that Lokad is capable to import.

Under the hood, those dashboards are writtin in Envision, our data visualization & data processing script and executed by Priceforge. Through those templates, you can get a sense of what Envision is capable of. Those dashboards are fully customizable: it's possible to add tiles or resize them, to create new tables or new linecharts.

Those dashboards are not just for data visualization however; it's possible to use Envision to generate complex tables to be re-imported into other apps. For example, it's possible to implement an advance reordering strategy on top of the results delivered by Salescast. In this scenario, the reorder quantities proposed by Salescast could be refined in order to take into account complex price breaks offered by suppliers.

The scenarios supported by Envision that can be made as complex as they need to be to really capture the specific complexity of your business. However, you don't need to be a seasoned software developer to get started as we have designed Envision to be accessibe to anyone with decent Excel skills.

Want a specific analysis to be performed for your business? The Lokad staff can take care of that, just contact us.

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