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Automatic Revenue & Expense Tracking per Item in TWICE Commerce 2.0

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Introducing Advanced Inventory Tracking in TWICE Commerce 2.0

Managing a rental or resale business requires granular control over every asset. In the new TWICE Commerce 2.0, we have completely remade our inventory tracking system to provide full lifecycle visibility for every single item in your catalog.

Key Features of the New Inventory System:

  • Serialized Financial Tracking: Every item comes automatically with income and expense tracking. You can now view the exact revenue generated and costs incurred per specific article, allowing for precise ROI calculations.
  • Maintenance & Internal Reservations: Empower your repair and refurbishment teams. You can log internal reservations for maintenance, attach specific repair costs to items, and manage the workflow seamlessly within the OS.
  • API-First Connectivity: Twice Commerce is built to integrate. For advanced use cases, such as car rentals, you can utilize our API to ping GPS locations and automatically update notes or status based on real-time data.

Why TWICE Commerce 2.0?

TWICE Commerce is a Recommerce OS designed to help merchants start, grow, and scale circular businesses. Whether you need a full-suite solution including a white-label online store and order management, or a headless inventory solution for your composable commerce stack, TWICE provides the infrastructure you need.

Learn more about how our API-first approach and serialized inventory management can streamline your operations.

Clip from podcast episode.

Tuomo: So let's take an example of inventory tracking. In the new Twice 2.0, inventory tracking is completely remade so that every item comes automatically with income and expense tracking. So you have automatic tracking of revenue and expenses per an article.

You also have support for maintenance tracking and internal reservations and note keeping, meaning that your repair team or refurbishment teams can log internal reservations for those items and attach costs and income to those reservations. You can automatically create notes.

So for example, if you're running a car rental business, you can via an API, for example, ping the GPS location of your car for all of your inventory items. So there's a lot that have been improved when it comes to connectivity and APIs and kind of overall lifecycle tracking per article.