Optimize Reconciliation Of Myntra Marketplace Using OMS

Optimize Reconciliation Of Myntra Marketplace Using OMS

Managing Myntra fees can become a challenge when discrepancies arise between your Order Management System (OMS) data and Myntra’s reports. Cointab’s automated reconciliation system bridges this gap, ensuring seamless fee management.

Here’s how Cointab streamlines the process:

  1. OMS Integration: Cointab seamlessly integrates with your existing OMS, eliminating the need for manual data entry and potential errors.
  2. Data Discrepancy Resolution: Cointab’s intelligent algorithms perform a comprehensive cross-check between your OMS data and Myntra’s reports. This proactive approach identifies inconsistencies in item specifics, ensuring accurate fee calculations.
  3. Reconciled & Actionable Insights: Cointab goes beyond simply identifying discrepancies. It provides clear and concise reports highlighting any variations in data between the two sources. This empowers you to investigate and resolve these discrepancies efficiently, ensuring accurate fee calculations.

Myntra Reports:

  1. Myntra Seller Order Detail: Provides a comprehensive breakdown of individual orders.
  2. Myntra Sales Revenue Report: Tracks your total sales revenue on Myntra.
  3. Myntra PG Forward Settlement Report: Details fees associated with successful deliveries.
  4. Myntra PG Reversal Settlement Report: Provides details on fees for canceled or exchanged orders.
  5. Myntra GST Return Reports: Essential for accurate Goods and Services Tax (GST) filing.
  6. Myntra Non-Order Settlement Report: Includes details on settlements not directly linked to orders.


Order Management System (OMS) Reports:

Data from your existing OMS (e.g., Increff, Unicommerce, Shopify) is also integrated for a holistic view.

Our detailed reports break down the results across various comparisons, empowering you to identify discrepancies and ensure accurate financial records. Here’s what you can expect:

Myntra GST Report vs. Increff OMS Report:
  1. Reconciled Orders: Orders where the net sales in both Myntra’s GST report and your Increff OMS report match, indicating data consistency for GST purposes.
  2. Less Settlement in OMS: Orders where the net sales in your Increff OMS report are lower than those reflected in Myntra’s GST report. Cointab flags these discrepancies for further investigation, potentially impacting your GST calculations.
  3. More Settlement in OMS: Orders where your Increff OMS system shows a higher net sales amount compared to Myntra’s GST report. Cointab highlights these discrepancies for review, potentially indicating missing sales data in Myntra’s records.

Myntra Settlement Report vs. Increff OMS Report:

  1. Reconciled Orders: Orders where the net sales in both Myntra’s settlement report and your Increff OMS report match, ensuring data consistency for fee calculations.
  2. Less Settlement in OMS: Orders where the net sales in your Increff OMS report are lower than those reflected in Myntra’s settlement report. These discrepancies might impact your financial calculations.
  3. More Settlement in OMS: Orders where your Increff OMS system shows a higher net sales amount compared to Myntra’s settlement report. Cointab highlights these discrepancies for review.
  4. Missing in OMS: Orders present in Myntra’s settlement report but missing from your Increff OMS report. These discrepancies require investigation to ensure accurate financial records.

Increff – Myntra Reconciliation:

 

  1. Reconciled Orders: Orders where the net sales in your Increff OMS report match those in Myntra’s payment report, indicating data consistency for payment processing.
  2. Less Payment Recorded in Myntra: Orders where the net sales in Myntra’s payment report are lower than those reflected in your Increff OMS report. These discrepancies might impact your received payments.
  3. More Payment Recorded in Myntra: Orders where your Increff OMS system shows a lower net sales amount compared to Myntra’s payment report. Cointab highlights these discrepancies for review.
  4. Not Found in Myntra: Orders present in your Increff OMS report but missing from Myntra’s payment report. These discrepancies require investigation to ensure you receive accurate payments.

Unlock a world of financial clarity and efficiency.

Cointab seamlessly integrates with your existing systems, ensuring data accuracy for GST filing, fee calculations, and financial reporting.  This empowers you to make well-informed business decisions with the peace of mind that comes from reliable data.  Eliminate the struggles of manual reconciliation and dedicate your valuable resources to propelling your business forward.  Experience the benefits with Cointab today. 

Step into the future of reconciliation. Fill out the form to request your demo now!

Step into the future of reconciliation. Fill out the form to request your demo now!

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