Optimize Reconciliation of GlowRoad Marketplace With OMS
Optimize Reconciliation of GlowRoad Marketplace With OMS
GlowRoad empowers social media-driven businesses by facilitating direct connections with wholesalers and retailers. Through their user-friendly app, entrepreneurs can curate product selections, set profit margins, and generate unique referral codes for seamless social media promotion. Customers who purchase using these codes generate commission for the social seller.
However, managing a high volume of GlowRoad transactions can present a challenge: verifying individual orders and payments can be a time-consuming and error-prone process. We offer a solution to streamline this task and improve financial transparency: automated GlowRoad marketplace reconciliation with your Order Management System (OMS)
Cointab is your ultimate solution
Cointab seamlessly integrates your GlowRoad reports with your OMS, automatically matching orders, identifying discrepancies, and generating comprehensive reconciliation reports – all in one streamlined workflow. This eliminates manual data entry, ensures data consistency, and empowers you to focus on growing your social commerce business.
Essential Reports for GlowRoad Reconciliation:
GlowRoad Order Reports:
- All Order Report: Provides a comprehensive record of all orders placed on GlowRoad, including order details, customer information, and order status.
GlowRoad Sales Reports:
- Sales Report: Details all fulfilled, canceled, and returned orders, along with the invoice amount collected from each customer.
GlowRoad Financial Reports:
- Settlement Report: This report outlines any fees and taxes charged by GlowRoad, along with the final settlement amount you receive.
GlowRoad Returns Report:
Tracks all returned orders, detailing the returned items, reasons for return, and associated refunds.
Order Management System (OMS) Reports:
- These reports, generated by your chosen platform (e.g.Increff, Unicommerce, Shopify), provide detailed information on each order within your system.
GlowRoad Marketplace Reconciliation with OMS Result
GlowRoad-Oms
Streamline your financial management with our automated GlowRoad reconciliation system. We seamlessly connect your GlowRoad sales reports with your Order Management System (OMS) reports, providing a clear and concise reconciliation experience.
Our reports categorize reconciled and unmatched transactions in a user-friendly format:
- Found and Reconciled with OMS: These orders appear in both reports with matching net sales amounts, signifying accurate reconciliation.
- Less Amount Recorded in OMS: Orders where the net sales amount in the GlowRoad report exceeds the amount in your OMS report, potentially indicating an overpayment on your end.
- More Amount Recorded in OMS: Orders where the net sales amount in the GlowRoad report is lower than the amount in your OMS report, potentially indicating an underpayment by GlowRoad.
- Canceled Transactions: Orders initially placed through GlowRoad but later canceled. Since these are canceled, they are not reflected in your OMS report and no payment is expected.
OMS-GlowRoad
Our system takes your financial management to the next level by facilitating a two-way reconciliation between your Order Management System (OMS) and GlowRoad. This comprehensive approach ensures that both platforms accurately reflect your sales and payments.
Our reports provide a clear breakdown of reconciled and unmatched transactions:
- Found and Reconciled with GlowRoad: These orders appear in both reports with matching amounts, indicating accurate record keeping.
- Less Amount Received from GlowRoad: Orders where the amount recorded in GlowRoad is lower than the amount in your OMS, potentially signifying underpayment from GlowRoad.
- More Amount Received from GlowRoad: Orders where the GlowRoad report reflects a higher amount than your OMS, indicating a potential overpayment by GlowRoad.
- Not Found in GlowRoad: Orders existing within your OMS but missing from GlowRoad reports, signifying potential missed payments from GlowRoad.
Boost your profitability with Cointab
Streamline your financial operations and maximize profitability with automated GlowRoad marketplace reconciliation. Our software seamlessly integrates with your existing ERP system, eliminating the need for manual data entry and error-prone reconciliations and deliver optimal results that help you grow your business
Get a demo today!
