Standing tall in the Indian e-commerce landscape, MensXP caters specifically to the needs of today’s sophisticated gentleman. They offer a curated selection of men’s fashion and lifestyle products, all conveniently available on their online marketplace.
E-commerce businesses rely heavily on accurate reconciliation. Without tracking order status, delivery details, and payment accuracy, it’s impossible to ensure smooth operations and growth.
Cointab simplifies this complex process-
It automates data verification by comparing reports from MensXP and your Order Management System (OMS). This reconciliation process delivers clear results, allowing you to easily identify any discrepancies in orders, deliveries, or payments
MensXP Reports:
Order Report: This central hub provides details for each order, including product information, pricing, and the commission fee charged.
Advice Report: Offers a monthly snapshot of your overall sales activity on the MensXP platform for easy reconciliation.
Lost Cases Report: Identifies any orders lost during transit or other unforeseen circumstances.
Return Report: Tracks all customer returns processed by MensXP, ensuring transparency.
UTR Details Report: Provides the Unique Transaction Reference (UTR) ID for each order, facilitating payment tracking.
OMS (Order Management System) Reports:
Include details relevant to your MensXP sales activity from your chosen platform (e.g., Increff, Unicommerce, Easy Ecom). These reports may contain order details, inventory data, and financial transactions.
MensXP to OMS:
Reconciled Orders: These represent orders where the sales amount in both MensXP reports and your OMS perfectly match – a sign of accuracy!
Discrepancy: Less Amount in OMS: Cointab highlights any orders where the amount recorded in your OMS system is lower than the corresponding amount in MensXP reports. This helps you identify potential under-recorded sales in your OMS.
Discrepancy: More Amount in OMS: This section identifies orders where the amount recorded in your OMS system is higher than the corresponding amount in MensXP reports. This allows you to investigate potential over-recorded sales in your OMS.
OMS to MensXP:
Reconciled with MensXP:
These represent orders where the sales amount in both your OMS system and MensXP reports perfectly match.
2. Discrepancy:
Less Settlement recorded in MensXP: Cointab highlights any orders where the amount recorded in MensXP reports is lower than the corresponding amount in your OMS system. This helps you investigate potential discrepancies in sales reporting.
More settlements recorded in MensXP: This section identifies orders where the amount recorded in MensXP reports is higher than the corresponding amount in your OMS system. This allows you to investigate potential discrepancies.
3. Not Recorded in MensXP:
Cointab flags any orders present in your OMS system but missing from MensXP reports. This helps you identify potential data reporting issues between the platforms.
Effortless E-commerce Reconciliation: Take Control with Cointab
Reconciling data between your online marketplace (MensXP) and your Order Management System (OMS) can be a tedious and error-prone task. Inaccurate data can lead to missed sales or discrepancies in payments, hindering your business growth.
Cointab simplifies this process by automating reconciliation and delivering clear, actionable insights. See at a glance which orders match perfectly, and identify any potential issues with under or over-recorded sales in your OMS or MensXP reports. Cointab also flags missing orders, ensuring you have a complete picture of your finances.
Experience Seamless Reconciliation: Schedule a Cointab Demo!