D2C companies

 Reconcify assimilates data from multiple sources, performs various reconciliations and generates the following results:


1. Identifying orders not paid for by marketplaces or payment gateways


2. Identifying whether deductions by marketplaces or payment gateways match the actual return or refund transactions


3. Identifying COD orders not paid for by courier partners


4. Identifying over-charges by marketplaces, delivery partners or payment gateways


5. Identifying instances of customer returns against which the inventory has not been received back in the warehouse


6. Identifying instances of lost or damaged inventory either in the warehouse or in transit.

The Impact

1. Reconcify completely eliminates the process of reconciliation and completes the process in a matter of seconds or minutes, which would have otherwise taken hours, days or even weeks, thereby freeing up valuable time and improving productivity.


2. Reconcify is fully scalable, hence with the increase in volumes, the process continues to work with an equal degree of efficiency.


3. The most significant benefit of Reconcify is plugging revenue leakages in the form of collections from marketplaces, payment gateways and courier partners, improved controls over costs in the form of the fees and charges levied by marketplaces, payment gateways and courier partners and control over inventory by ensuring timely returns of inventory against RTO orders and customer returns as well as reimbursements towards lost and damages items of inventory either in the warehouse or in transit.  In sum, D2C companies have reported a positive bottomline impact of 2% to 5% of revenues post the use of Reconcify.

Tailored E-Commerce and D2C Accounting Solutions (reconcify.com)

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