For an organization using eCommerce services reconciliation is of utmost importance. Without determining the status of orders, their destination, and the accuracy of payments received an organization won’t be able to keep growing. Cointab simplifies this challenging operation. It verifies the amounts and data by comparing the Mens XP Report and OMS System reports. After reconciliation, a client can readily check the results and determine any anomalies.
Reports needed for reconciliation:
- Mens XP Order Report
- Mens XP Advice Report
- Mens XP Lost Cases Report
- Mens XP Return Report
- Mens XP UTR Details Report
- Reports from the client’s OMS (e.g., Increff, Unicommerce, Easy Ecom.).
After the reports are collected and the reconciliation is completed, the outcome is presented in a summarized manner on a dashboard, which makes analysis easier.
The result is as follows:
Mens XP – OMS Reconciliation
The System checks all the data recorded in the client’s OMS (OMS) and compares the data with the Mens XP Order report. It then differentiates the orders and highlights them as follows:
- Reconciled Orders
- The orders where the amounts match.
- Less amount recorded in OMS
- The orders where the amount in the OMS is less than the amount in the Mens XP Order report.
- More amount recorded in OMS
- The amount in the OMS is more than the amount in the Mens XP Order report.
OMS – Mens XP Reconciliation
The System checks all the data recorded in Mens XP’s reports and compares the data with the client’s OMS. It then differentiates the orders and highlights them as follows:
- Reconciled with Mens XP
- The orders where the amounts match.
- Less Settlement recorded in Mens XP
- The orders where the amount in the Mens XP Report is less than the amount in the OMS report.
- More settlements recorded in Mens XP
- The orders where the amount in the Mens XP Report is more than the amount in the OMS report.
- Not Recorded in Mens XP
- The orders which are not recorded in the Mens XP reports but are present in the OMS system