Seamless Reconciliation Of JioMart Marketplace Using OMS
Streamline Jiomart Marketplace Reconciliation with Cointab
JioMart, a leading Indian e-commerce marketplace for groceries and fashion, offers a vast selection of products at competitive prices.
Ecommerce Success Hinges on Accurate Reconciliation
For any e-commerce business, meticulous reconciliation is the cornerstone of financial health. Without it, companies struggle to track order status, delivery destinations, and most critically, the accuracy of received payments. This lack of clarity hinders both sustainability and growth.
Cointab: Streamlining Reconciliation for Effortless Growth
Cointab simplifies this crucial process, ensuring accuracy and saving you valuable time. It acts as a bridge, comparing data and sums between your Jiomart reports and your Order Management System (OMS) reports. This comprehensive comparison identifies any discrepancies, allowing you to easily review the findings after reconciliation.Essential Reports
- Invoice Report: Provides a detailed breakdown of every placed order, including itemized listings.
- Service Invoice Report: Focuses on the financial aspects, detailing the payment and fee charges for each order dispatched.
- Disbursement Report: Summarizes the total sales value and fees, reflecting your final payout from Jiomart.
- Return Report: Tracks all orders marked as “returned” in your inventory, aiding in reconciliation and ensuring accurate payouts for undelivered items.
Order Management System (OMS) Reports:
These reports (from platforms like Increff, Unicommerce, or Easy Ecom) offer valuable data specific to your internal system.
Jiomart -OMS reconciliation process
- System Review: The system meticulously reviews each data point entered into your OMS.
- JioMart Invoice Comparison: Each piece of information is then compared against the corresponding JioMart Invoice report for the same order.
- Order Categorization: Based on the comparison, orders are automatically categorized and highlighted for your review:
- Reconciled Orders: These represent orders where the amounts in your OMS perfectly match the corresponding Jiomart Invoice report, indicating accuracy.
- Under-recorded in OMS: This category flags orders where the amount recorded in your OMS is lower than the amount listed in the Jiomart Invoice report. It’s crucial to investigate these discrepancies.
- Over-recorded in OMS: This category highlights orders where the amount recorded in your OMS is higher than the amount listed in the Jiomart Invoice report. It’s recommended to investigate these discrepancies to identify potential errors in your OMS data.
OMS-Jiomart reconciliation process
Based on this data reconciliation process, orders are automatically categorized, providing clear insights and actionable steps:
- Matched Orders: These represent orders where both the Jiomart report and your OMS reports reflect identical amounts, signifying complete data alignment.
- Potential Underpayment by Jiomart: This category highlights potential discrepancies. The amount recorded in the Jiomart report is lower than what your OMS reflects. Investigate these instances to ensure you receive the full and accurate payout from Jiomart.
- Potential JioMart Overcharge: Here, the Jiomart report shows a higher amount compared to your OMS. Investigate these discrepancies to identify potential overcharges from Jiomart or data inconsistencies within your OMS.
- Missing from JioMart Reports: This category flags orders that exist in your OMS but are absent from the JioMart reports. These missing records warrant further investigation to ensure you receive payment for these orders.
Effortless reconciliation with Cointab
Cointab offers a powerful solution that automates the entire Jiomart-OMS reconciliation process, eliminating manual data manipulation and saving you significant time and effort. Cointab’s clear categorization of reconciled and potentially discrepant orders empowers you to ensure accurate and complete payouts from Jiomart, maintain data accuracy between your internal records and Jiomart’s reports, and focus on expanding your business with the confidence of knowing your financial data is reliable. With Cointab, you can achieve all this and more, freeing yourself to invest your time and energy into growing your business.
Get started with Cointab to experience the benefits today!
