In the digital commerce era, establishing online stores, particularly for small businesses, can be daunting. Crafting your own digital storefront presents numerous challenges. This is where platforms like Shopify step in, offering to construct online stores for companies seeking to operate through a web interface. Many businesses opt for Shopify over self-built solutions due to...
Numerous businesses and companies leverage Flipkart’s extensive reach as one of the premier e-commerce platforms today, facilitating daily product sales. While tapping into Flipkart’s marketplace enhances a business’s exposure across a wide demographic, challenges persist, particularly in ensuring timely and accurate payments. The sheer volume of transactions on Flipkart daily presents a significant hurdle for...
Reconciling bank account statement is one of the toughest activity of finance team. As there are hundreds and thousands of line items in the bank account statement it becomes very difficult to check if all credits and debits happening in the bank account are correct or not. Challenges in bank statement reconciliation process: Manually categorize...
All online businesses use payment gateways to collect payments from their customers. This is the easiest way of collecting payments from customers as payment gateways are integrated with all the banks which helps them transfer money from customers bank accounts to merchants bank accounts after deducting their charges and applicable taxes. A business might start...
Each business follows multiple reconciliation processes, the logic and requirements vary industry by industry. And in some cases, a business might be following a very custom reconciliation process, either between internal reports or with external partners or a combination of both. Our reconciliation system is a general purpose reconciliation system which can easily incorporate any...