Once an e-commerce company has finally set up their site to sell products, the next step is to deliver those products to the customers who’ve made purchases. However, with so many sales being conducted on a daily basis in this business sector, it becomes increasingly challenging for companies to adequately
Once e-commerce companies set up their website online an important aspect to look after is delivering the orders to the customers. Since e-commerce companies have a large number of sales taking place through their websites, it gets difficult to correctly deliver every order. Hence E-commerce companies choose a delivery partner
Shiprocket is India’s No 1 shipping aggregator. It provides shipping solutions to companies at the click of a few buttons. Its facilities the delivery of products easily nationwide by connecting over 17 courier partners to the company. But the company doesn’t need to directly deal with multiple courier partners, Shiprocket
Every day, numerous businesses and companies leverage Flipkart, a prominent e-commerce platform, to market their products, expanding their reach across a vast consumer base. While the advantages of selling on Flipkart are significant, businesses often encounter challenges concerning payment processing and the accuracy of settlements. With millions of transactions occurring
As a business, the biggest goal is to constantly grow. This helps earn better profits too. However, even if you are situated in a prime spot in a busy market or are well-known, your reach will be limited. This is where selling online helps. Where, either you can sell on
Commission Fee Flipkart charges a small amount as a commission fee for the sellers selling on their marketplace. It is calculated as a percentage of the Order Item Value, which includes the selling price and also the shipping charges. It excludes discounts offered by Sellers and any NDD/SDD charges. In
Shipping Fee To ensure ease of selling and the best possible customer experience, Flipkart mandates delivery to all customers via their logistics partners and deducts the shipping cost from the selling price before making a payment to the seller. Shipping fee calculation: The shipping fee is calculated on actual weight
A small fee called a collection fee is charged by Flipkart to sellers, for all prepaid and post-paid orders that a seller receives. The Collection fee will vary depending on the payment type chosen by the customer (Prepaid/Post-paid). In case of a refund or cancelled order, this fee is refunded
Flipkart charges a small amount for every successful sale transaction which is called the fixed fee. A successful sale transaction is an order which has been successfully delivered to the customer. In case a customer returns the order, this fee is still charged. However, no fee is charged in case
This Reconciliation Process is done using the client’s Internal Database At times there are disputes about item details between the reports from Flipkart and the client’s reports. Since these discrepancies appear between these two reports. We also calculate all the data and verify the same with the Final reports and
This Reconciliation Process is done using the client’s ERP Database Sometimes there are disputes about item details between the reports from Flipkart and the client’s ERP reports. Since these discrepancies appear between these two reports. We also calculate all the data and verify the same with the Final reports and
Picking a reconciliation software for your business is a crucial task in this evolving business environment. With the number of options available, it might prove to be difficult to pick one software for your business. Hence businesses need to get parameters and then analyse if the softwares fulfils those requirements.
Myntra is one of India’s primary e-commerce marketplaces, an online fashion and lifestyle store. It is a huge platform for online sales and is growing rapidly and shipping more than 10k products a day all over the country. Myntra aims to provide a hassle-free and comfortable shopping experience to customers
Looking for a replacement for BankRec reconciliation software? Need a more advanced software that caters to many reconciliation processes? In the article, we have mentioned our recommendations for the top 5 BankRec alternatives The reconciliation process when carried out manually is tedious and time-consuming. This has caused many businesses to
This Reconciliation Process is done using Clients Internal Database There are occasional disagreements regarding the specifics of an item between the data from Myntra and client OMS reports. Given that these contradictions exist between these two reports. We also compute all the data, verify if it matches the final reports, and
As an online seller are you facing the issues of receiving incorrect payments from vendors or overpaid fees? These issues can be solved when the finance team performs data reconciliation. Data reconciliation is a difficult but extremely important process to ensure that your finances are intact and accurate. However, manually
Looking for reconciliation software like Redwood? To help evaluate more reconciliation software alternatives we have listed our top 5 picks in this article. View the features and benefits of all the alternatives in one place so that your business can pick the right software for them. Why is it necessary
Not sure which reconciliation software to pick, Cointab or FloQast? In this article, we have described the various features of both the softwares so that you can make an informed decision when picking a software for your business. Since manual reconciliation is a tedious process, it gets extremely difficult for
