TrustRadius: an HG Insights company

Fourth Procurement and Inventory vs. Thrive Technologies

Save this comparison

Save this comparison

Add Product

Recommended Comparisons

    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Fourth Procurement and Inventory

    Score8 out of 10
    N/AFourth Procurement and Inventory is software that ties together procurement, 3-way matching, inventory and recipe control. It’s fully integrated, mobile-friendly and can be accessed with a single login. Using predicted sales functionality and analytics, it lets the user forecast demand more accurately.N/A

    Thrive Technologies

    Score8 out of 10
    N/AThrive is an inventory management software offering from Thrive Technologies. It is built to help distribution and retail companies needing to improve demand forecasting, and it helps inventory replenishment functionality in ERP systems.N/A
    Pricing
    Fourth Procurement and InventoryThrive Technologies
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    Fourth Procurement and InventoryThrive Technologies
    Free Trial
    NoYes
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    YesNo
    Entry-level Setup FeeNo setup feeNo setup fee
    Additional Details——
    More Pricing Information
    Features
    Fourth Procurement and InventoryThrive Technologies
    Inventory Management
    Comparison of Inventory Management features of Fourth Procurement and Inventory and Thrive Technologies
    Feature
    Fourth Procurement and Inventory
    -
    Ratings
    Thrive Technologies
    8.2
    1 Ratings
    9% above category average
    Inventory tracking00 Ratings10.02 Ratings
    Automatic reordering00 Ratings8.02 Ratings
    Location management00 Ratings8.02 Ratings
    Serial number and batch tracking00 Ratings8.02 Ratings
    Barcode scanning00 Ratings9.02 Ratings
    Automation rules00 Ratings9.02 Ratings
    Reporting and analytics00 Ratings9.02 Ratings
    Fulfillment00 Ratings9.02 Ratings
    Backorder management00 Ratings10.02 Ratings
    Returns management00 Ratings9.02 Ratings
    Bill of materials management00 Ratings9.02 Ratings
    Item kitting00 Ratings6.02 Ratings
    Invoicing00 Ratings6.02 Ratings
    Forecasting00 Ratings6.02 Ratings
    Accounting integration00 Ratings10.02 Ratings
    Point of sale integration00 Ratings5.02 Ratings
    User Ratings
    Fourth Procurement and InventoryThrive Technologies
    Likelihood to Recommend
    7.4
    (4 ratings)
    8.0
    (3 ratings)
    Usability
    -
    (0 ratings)
    8.0
    (2 ratings)
    Support Rating
    7.5
    (4 ratings)
    -
    (0 ratings)
    User Testimonials
    Fourth Procurement and InventoryThrive Technologies
    Likelihood to Recommend
    HotSchedules and Fourth
    The product is user-friendly in automating the tasks, managing the master data through central purchasing, and creating custom reports. It lacks certain basic functionalities like a record of wastages, sending automated emails confirming if the automatic tasks (scheduled tasks) have been completed or not, and the ability to automate the nutrition information, etc.
    Incentivized
    Read full review
    Thrive Technologies
    For our small hospital, the cost of the operation is a great value. Like any EHR, there are going to be limitations. Our hospital is not part of a larger health system, so did not have the pressure of spending more money to have a system which fed into a larger organization, so it works for us in this capacity. With so many hospitals jumping on EHRs like Epic and Oracle, it seems like this has only increased the overall cost of healthcare. [...] does also have a great revenue cycle component to it that expands across other EHRs. In the past, Thrive Technologies was a all encompassing system, but like most has a separate payroll system and now separate GL that you could also add. This is indicative of the software in general for healthcare unfortunately.
    Incentivized
    Read full review
    Pros
    HotSchedules and Fourth
    • The 'stock management' tab on the home screen is of particular use when keeping tabs on incoming deliveries into the restaurant.
    • The option to open and close your stock period is great as you have the chance to edit your stock at a moment's notice.
    Incentivized
    Read full review
    Thrive Technologies
    • Cloud-based, accurate forecasting system saves lots of time and can tangibly boosts ROI
    • Robust demand management down to the SKU level
    • Optimized replenishment prevents too much money from being tied up in inventory
    Incentivized
    Read full review
    Cons
    HotSchedules and Fourth
    • It would help massively to see via Enterprise and menu items what ones are no longer active, to keep the data tidy.
    • When you take purchase reports from Enterprise and select to organise them by category, show the name of the category on the actual report download.
    • Quick and easy upload/download of supplier products for correcting prices, descriptions, prices in bulk.
    Incentivized
    Read full review
    Thrive Technologies
    • Although it's simpler than many alternatives, it's a highly complex system and at times we felt lost during the transition period.
    • We didn't get the results we had imagined when looking at their case studies and marketing materials. I understand many factors go into those things, and their case studies are not necessarily indicative of typical results, but your mileage may vary.
    • Inventory replenishment alerts about potential stockouts weren't always reliable.
    Incentivized
    Read full review
    Usability
    HotSchedules and Fourth
    No answers on this topic
    Thrive Technologies
    Depending on what subsystem, I think some work much better than others. For example on the patient accounting side, it is fairly easy to use, but does require a couple extra keystrokes. On the clinical side, I have heard similar statements. On the financial/accounts payable side, it is easier to use, while there are scenarios in which it would be nice to have a few more features.
    Incentivized
    Read full review
    Support Rating
    HotSchedules and Fourth
    Too long to get an answer.
    Incentivized
    Read full review
    Thrive Technologies
    No answers on this topic
    Alternatives Considered
    HotSchedules and Fourth
    No answers on this topic
    Thrive Technologies
    Thrive Technologies is significantly more cost effective than the others, while it does lack some of the features (bells and whistles). Most of our neighboring hospitals are using these other systems, which does make it is tough to connect to them, as it seems like these larger systems have a juggernaut on the market and the costs of these is only increasing.
    Incentivized
    Read full review
    Return on Investment
    HotSchedules and Fourth
    • Procurement: Integrating some of the key suppliers with Trade Simple has saved labour hours.
    • Integration: GL Integrations have increased the efficiency and quality of data.
    Incentivized
    Read full review
    Thrive Technologies
    • We were able to reduce the amount of resources tied up in inventory
    • Forecasting tools meant significantly less time spent trying to wrangle spreadsheets
    • The transition was painful, causing initial doubts, but it was certainly worth the growing pains
    Incentivized
    Read full review
    ScreenShots

    Fourth Procurement and Inventory Screenshots

    Product screenshotProduct screenshotProduct screenshot