Pepperfry has established itself as a leading online destination for furniture and home furnishings in India. Their platform acts as a bridge between furniture retailers and potential customers, showcasing a vast selection of products from over 10,000 registered dealers. Boasting over 4.5 million users, Pepperfry offers furniture retailers a unique opportunity to tap into a large and engaged customer base, fostering significant growth potential.
While Pepperfry’s popularity translates to high sales volume for vendors, it also introduces challenges in managing transactions effectively. Manually tracking a large number of transactions can be time-consuming and error-prone. This can lead to missed discrepancies, potentially resulting in financial losses for vendors who might not even be aware of them.
The Solution: Automated Reconciliation with Cointab
Cointab’s automated reconciliation system streamlines financial management for Pepperfry vendors. Transactions are automatically recorded and analyzed, eliminating manual data entry. Vendors gain instant visibility into transaction details, allowing for quick identification and resolution of inconsistencies or errors. This proactive approach to reconciliation minimizes the risk of financial losses due to missed errors or inaccuracies, empowering vendors to file claims with Pepperfry for discrepancies or underpayments.
Essential reports required
Pepperfry Reports:
Order Detail Report:
Provides a detailed breakdown of each order, including product information and pricing.
Shipping Details Report:
Tracks all shipping details associated with Pepperfry orders.
Canceled Order Report:
Lists all canceled orders, ensuring transparency and proper accounting.
UTR Detail Report:
Details all Unique Transaction References (UTRs) for efficient payment tracking.
Client’s OMS Reports:
Integration with popular Order Management Systems (OMS)
like Increff, Unicommerce, and Easy Ecom allows seamless data import from your existing platform.
The results are as follows
Pepperfry- OMS reconciliation
Each piece of information kept in the client’s OMS system is verified by the system, which also compares it to the Pepperfry Invoice report. The following distinctions and highlights are made for the orders:
Reconciled Orders-
The transactions where the order amounts are equal.
Less Amount recorded in OMS-
In the OMS, the order amounts for these transactions are less than what is shown in the Pepperfry Sales report.
More Amounts recorded in OMS-
Order transactions in which the amount in the OMS exceeds the amount in the Pepperfry Sales report.
Missing in Pepperfry-
Despite being recorded in the OMS system, the orders are not included in the Pepperfry reports.
OMS- Pepperfry reconciliation
Cointab provides a comprehensive review of your Pepperfry transactions. It verifies every detail in your Pepperfry reports – order amounts, fees, taxes, and any additional charges – against the corresponding data within your OMS.
Reconciled with Pepperfry:
Orders where both reports perfectly match, signifying accurate data alignment and streamlined financial management.
Underpayments by Pepperfry:
Orders where the Pepperfry report reflects a lower amount than your OMS, potentially indicating missing revenue. Cointab flags these discrepancies, allowing you to investigate the cause and recover any owed funds from Pepperfry.
Overpayments by Pepperfry:
Rare instances where the Pepperfry report shows a higher amount than your OMS. While less frequent, Cointab identifies these discrepancies as well, allowing you to investigate for potential adjustments and ensure accurate financial records.
Missing Pepperfry Transactions:
Orders present in your OMS but absent from the Pepperfry reports, highlighting potential discrepancies. These missing transactions could represent lost revenue or fulfillment issues. Cointab brings these discrepancies to your attention, empowering you to take corrective actions.
Maximize Profitability on Pepperfry with Cointab
Managing Pepperfry transactions and ensuring accurate settlements can be a complex task. Manual reconciliation is time-consuming and error-prone, potentially leading to missed discrepancies and financial losses.
Cointab’s automated reconciliation software empowers you to streamline your OMS-to-Pepperfry reconciliation process. Cointab seamlessly integrates with your existing OMS platform, eliminating the need for manual data entry. Our software thoroughly analyzes every detail within your Pepperfry reports and identifies any inconsistencies with your OMS data.
Get a demo with Cointab today and experience the difference!