Effortless Firstcry Reconciliation for Sellers Using OMS
Effortless Firstcry Reconciliation for Sellers Using OMS
Firstcry, a leading Indian e-commerce platform specializing in baby and child products, offers a vast marketplace for online sellers. However, as a seller on Firstcry, managing the high volume of daily transactions and ensuring accurate settlements can be a significant challenge. Cointab’s automated reconciliation software tackles this head-on, providing a seamless solution for Firstcry marketplace reconciliation.
Our system integrates effortlessly with your Order Management System (OMS), eliminating manual data entry and streamlining the process. Cointab automatically schedules data loading, cleanses and extracts crucial information from raw reports, and presents it in a clear and concise format. This user-friendly approach empowers you to analyze all transactions, fees, and payments with ease. By saving you valuable time and ensuring data accuracy, Cointab empowers you to make swift and data-driven decisions, ultimately maximizing your profitability on the Firstcry marketplace.
Essential Reports for Firstcry Reconciliation:
Firstcry All Order Report:
This report serves as the foundation, providing a detailed record of all your orders fulfilled through the Firstcry marketplace.
Firstcry MTR Report:
Gain insights into tax calculations with the MTR report, which captures all relevant details related to taxes.
Firstcry Disbursement Report:
Maintain transparency by utilizing the disbursement report to track all payments settled by Firstcry for your sales.
Firstcry FBA Return Report:
Efficiently manage returned products with the FBA return report, ensuring proper crediting for returned items.
Firstcry Reimbursement Report:
Identify and reconcile any reimbursements or adjustments made by Firstcry with the reimbursement report.
SKU Master:
This critical data set provides a central repository for all your product information, including SKUs, pricing, and associated details.
Bank Statement:
This official document reflects all financial transactions processed through your bank account.
Client OMS Reports (e.g., SAP, Tally, Oracle, APX):
Integrate data seamlessly from your Order Management System (OMS) for a holistic view of your sales cycle and inventory management.
Cointab’s automated reconciliation software empowers Firstcry sellers with a transparent view of their marketplace transactions. This comprehensive system analyzes data from various reports to identify inconsistencies and ensure accurate settlements.
Firstcry vs. OMS Reconciliation:
Cointab meticulously compares data from your Order Management System (OMS) with the Firstcry Invoice report, highlighting key discrepancies for further investigation:
Reconciled Orders: These transactions represent perfect matches, where order amounts perfectly align between your OMS and the Firstcry Invoice report.
Discrepancies: Cointab goes beyond simple matching and identifies potential issues:
Less Amount recorded in OMS: Orders where the amount recorded in your OMS is lower than what’s reflected in the Firstcry Sales report. This may indicate underpricing or missing information in your OMS.
More Amounts recorded in OMS: Orders where the amount recorded in your OMS is higher than what’s reflected in the Firstcry Sales report. This could be due to overpricing errors or additional charges not reflected in the Firstcry report.
Missing in Firstcry: Orders present in your OMS but absent from the Firstcry reports. This may signify order processing issues or potential data entry errors.
OMS vs. Firstcry Reconciliation:
Reconciled with Firstcry: These transactions represent perfect matches, where order amounts are identical in both the Firstcry reports and your OMS.
Discrepancies: Similar to the Firstcry vs. OMS section, Cointab identifies potential issues:
Less Amount recorded in Firstcry: Orders where the amount recorded in the Firstcry report is lower than what’s reflected in your OMS report. This could indicate underpayment by Firstcry.
More Amounts recorded in Firstcry: Orders where the amount recorded in the Firstcry report is higher than what’s reflected in your OMS report. This might be due to additional reimbursements or compensations from Firstcry.
Missing in Firstcry: Transactions missing in the Firstcry reports but recorded in your OMS system. This could indicate missing order confirmations or fulfillment issues.
By highlighting these discrepancies, Cointab empowers you to take corrective actions, rectify errors, and ensure accurate settlements with Firstcry. This data-driven approach fosters transparency and maximizes your profitability as a seller on the Firstcry marketplace.