An Indian online retailer of furniture and home goods is Pepperfry. By listing products on its website, it collaborates with furniture retailers to link them with customers. On its platform, Pepperfry has 10,000 sellers and more than 4.5 million users. The seamless merging of online and offline business models as well as innovation in the areas of delivery services, the financial environment, and improved customer experience would be required to implement this proposal. It’s a great opportunity for a vendor to sell on Pepperfry’s marketplace. This will lead to an exponential increase for a seller.

Because Pepperfry is so well-liked by clients, a vendor will sell their goods on a very large scale, which is obviously profitable to the vendor. On the other hand, keeping track of transactions and making sure they are completed accurately can be challenging duties. A seller can record and evaluate transactions accurately and swiftly by using this automatic reconciliation system. A seller can readily identify problems, resolve them, or file a claim with Pepperfry to reduce payments or correct errors. Sellers may suffer financial loss even if they are ignorant of it. This problem can only be solved by accurate reconciliation, which the Cointab system provides.

A seller can record and evaluate transactions accurately and swiftly by using this automatic reconciliation system. A seller can recover payments or fix errors by identifying them as soon as possible by either fixing internal errors, or submitting a claim to Pepperfry for errors done by them.

Reports needed for reconciliation

  • Pepperfry Order Detail Report
  • Pepperfry Shipping Details Report
  • Pepperfry Canceled Order Report
  • Pepperfry UTR Detail Report
  • Reports from the client’s ERP (e.g., SAP, Tally, etc.).

The reconciliation procedure is started by using a common identity to connect the aforementioned reports to the client ERP reports. The system then double-checks every order component, such as the item’s value, any fees that apply to the payment that was made, and any fees imposed.

The results are then presented in a simple, easy-to-understand format and are all available on a single dashboard. 

The result is as follows:

Pepperfry – ERP Reconciliation

Each piece of information kept in the client’s ERP 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 ERP

In the ERP, the order amounts for these transactions are less than what is shown in the Pepperfry Sales report.

  • More Amounts recorded in ERP

Order transactions in which the amount in the ERP exceeds the amount in the Pepperfry Sales report.

  • Missing in Pepperfry

Despite being recorded in the ERP system, the orders are not included in the Pepperfry reports.

ERP – Pepperfry Reconciliation

Each detail of information presented in Pepperfry reports is verified by the system, which then compares it to the client’s ERP. The following orders are then noted and identified:

  • Reconciled with Pepperfry

These are the transactions where the order amounts are the same in both reports.

  • Less Amount recorded in Pepperfry

Orders in which the Pepperfry Report amount is less than the ERP report amount.

  • More Amounts recorded in Pepperfry

The transaction orders recorded here have their amount in the Pepperfry Report exceeding the amount that was recorded in the ERP report.

  • Missing in Pepperfry

The transactions are missing in the Pepperfry reports but are recorded in the ERP system.

With the help of this automatic reconciliation system, a seller may swiftly and precisely record and analyze transactions. As shown in the above results one can easily differentiate between the results, find all differences and gain assurance about the accuracy of the data. A seller can readily identify mistakes, correct them, or file a dispute with Pepperfry to get errors or inaccuracies rectified.

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