Streamline Tata Cliq Fee Reconciliation with Cointab’s Automated Solution
Streamline Tata Cliq Fee Reconciliation with Cointab’s Automated Solution
In today’s competitive e-commerce environment, platforms like Tata Cliq offer immense potential for businesses to reach a global audience. While Tata Cliq’s curated marketplace fosters a superior customer experience, managing seller fees on high-volume platforms can be a significant challenge. Manually tracking fees associated with millions of transactions becomes a time-consuming and error-prone endeavor. Accurate fee verification is critical for sellers to maintain financial security and optimize profitability.
Introducing Cointab’s Auto Reconciliation for Seamless Fee Management
Cointab’s Auto Reconciliation solution revolutionizes fee verification for Tata Cliq sellers. This robust, automated system eliminates the need for manual data entry, calculations, and amount verification. Cointab streamlines the entire process, allowing sellers to focus on what truly matters – growing their business.
Essential Reports for Seamless Reconciliation
Tata Cliq PSID Report: This report serves as the foundation for accurate fee calculation. It categorizes products based on their PSID (Product-Specific Identifier) and assigns the corresponding fee rates for each category.
Tata Cliq Payment Report: This report details all deductions applied to seller transactions, including various fees levied by Tata Cliq.
Example Rate Card:
Cointab’s Automated Reconciliation Process:
Cointab’s robust automation eliminates the need for manual data entry and minimizes the risk of human error. Here’s a breakdown of the reconciliation process:
Effortless Data Integration: Cointab seamlessly integrates with your Tata Cliq seller account, automatically fetching both the PSID and Payment Reports. This eliminates the need for manual downloads and ensures you’re always working with the latest data.
Intelligent Fee Calculation: Cointab’s intelligent system extracts the relevant fee rates from the PSID report and applies them to each corresponding order within the Payment Report. This ensures precise fee calculation based on the specific product category and applicable fee structure.
Discrepancy Identification with Detail: Cointab compares the calculated fees with the actual fees charged by Tata Cliq for each order. This comprehensive analysis helps identify any potential discrepancies, allowing sellers to focus on areas where they might have been overcharged or undercharged.
Results
Fees Correctly Charged: This section highlights orders where Cointab’s calculation matches Tata Cliq’s charges, providing peace of mind and confirmation of accurate billing.
Fees Overcharged: This section identifies orders where Cointab’s calculation reveals a potential overcharge by Tata Cliq. Armed with this information, sellers can initiate inquiries or disputes to recover any excess fees.
Fees Undercharged: While less frequent, Cointab also flags instances where Tata Cliq might have undercharged fees. This allows sellers to capitalize on these discrepancies and potentially claim additional credits.
Cointab’s automated Tata Cliq fee reconciliation process optimizes operational efficiency and profitability for sellers. By eliminating manual data entry and error-prone calculations, Cointab empowers sellers to dedicate more time and resources to strategic business development initiatives. Furthermore, automation minimizes the inherent inaccuracies associated with manual reconciliation, ensuring the integrity of fee tracking and financial security.