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Transform Your eCommerce Payment Reconciliation Process

Effortlessly manage your marketplace payments, detect discrepancies, and ensure accurate financial reporting with eVanik's advanced reconciliation solutions.

Payment Reconciliation Process

INTRODUCTION

Short Overview

eVanik's Payment Reconciliation Solution simplifies this process by automating reconciliation across marketplaces, empowering businesses to save time, recover revenue, and maintain financial transparency.

Automatic identification of missing or unpaid transactions.
Comprehensive visibility into marketplace payouts, including charges, returns, and penalties.
Comprehensive visibility into marketplace payouts, including charges, returns, and penalties.
Comprehensive visibility into marketplace payouts, including charges, returns, and penalties.

Learn

Why Every Business Requires Payment Reconciliation

The Critical Role of Payment Reconciliation in eCommerce Success

Payment reconciliation is vital for maintaining financial accuracy, preventing losses, and building trust with stakeholders.

Revenue Leakage

Recover losses from unauthorized deductions and missed payouts.

Operational Inefficiency

Manual reconciliation can take days and is prone to errors.

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Compliance Risk

Missed or incorrect data entries can lead to tax penalties.

Hidden Costs

Identify discrepancies like hidden charges, excessive penalties / overcharges by marketplaces.

Learn

Why It's Essential

For every 100 orders processed, at least 3% face discrepancies between marketplace payments and seller invoices. This can lead to revenue loss of thousands annually if not addressed promptly.

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Effective reconciliation is more than just matching payments; it ensures profitability and builds trust with marketplaces and customers.

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What Makes eVanik the Best Choice for Payment Reconciliation

Key Benefits

Multi-Channel Automation

Multi-Channel Automation

Connect all your sales platforms into a unified system and let eVanik handle discrepancies automatically.

Multiple Platforms

Multiple Platforms

Works seamlessly with platforms like Amazon, Flipkart, Shopify, and Myntra.

Comprehensive Visibility

Comprehensive Visibility

View all transaction details in real-time, from marketplace payouts to penalty deductions!

Discrepancy Detection and Alerts

Discrepancy Detection and Alerts

Get instant alerts for missing payments, delayed settlements, or unauthorized deductions.

Customizable Reporting

Customizable Reporting

Generate detailed, GST-compliant reports tailored to your specific accounting needs.

Time and Cost Efficiency

Time and Cost Efficiency

Automated reconciliation saves 70% of the time spent on manual efforts while reducing accounting errors.

Unleash the Power

Drive growth with powerful automation and AI insights for smarter product management

Here is

Four Simple Steps to Simplify Your Reconciliation Process

1

Integration

Connect eVanik to all your sales platforms via simple APIs. Supports top marketplaces

2

Data Extraction

eVanik fetches real-time payment, return, and fee data directly from marketplaces.

3

Matching and Analysis

Automated matching of payouts with invoices, highlighting any mismatches.

4

Report Generation

Export detailed discrepancy reports for auditing and claim purposes.

Learn

What Makes Payment Reconciliation Essential?

Payment reconciliation illustration
Financial Accuracy

Ensure Financial Accuracy : Reconciliation ensures your financial records are precise by identifying and correcting any transaction discrepancies.

Financial Accuracy

Prevent Revenue Leakages : Spot missing or incorrect payments quickly, safeguarding your business from potential financial losses.

Financial Accuracy

Enhance Decision-Making : Accurate reconciliations provide actionable financial insights for smarter, data-driven business decisions and growth strategies.

Features

Comprehensive Features to Empower Your Business

Multi-Channel
Integration
Supports Multi-
Channel Integrations
Automated
Reconciliation
Reduce manual effort and errors.
Detailed
Reporting
Gain insights into financial health
Real-Time
Alerts
Stay informed about discrepancies.
User-Friendly
Dashboard
Navigate with ease and efficiency.

WHAT OUR CLIENTS SAYS

Testimonials

  • Mr. Umang Midha

    Mr. Umang Midha, the founder of Effects Industrial Concepts, shares his delightful experience with eVanik OneWorld Suite. He highlights how eVanik's cutting-edge SaaS solution has seamlessly resolved the complex challenge of syncing daily sales and returns into Tally—completely automated, accurate, and hassle-free!

    Mr. Umang Midha

    Founder, Effects Industrial Concepts.

  • Mr. Shubham Soni

    Mr. Shubham Soni, the founder of Nature Vit, shares his remarkable journey with eVanik OneWorld Suite. Based out of Jodhpur, Shubham is thrilled with how eVanik's Auto-Claim Engine has simplified the process of recovering reimbursements, ensuring accuracy and efficiency in managing his e-commerce operations.

    Mr. Shubham Soni

    Founder, Nature Vit.

  • Mr. Sanket Khanabar

    Mr. Sanket Khanabar from Potent Consumer Products, who shares his incredible experience with eVanik's revolutionary tools. With the help of our Auto-Claim Engine, Sanket has streamlined his claims process and recovered substantial reimbursements effortlessly.

    Mr. Sanket Khanabar

    From, Potent Consumer Products.

  • Mr. Mrinal Aggarwal

    Mr. Mrinal Aggarwal, a prominent seller from Bombay Wheels, shares how eVanik's Auto-Claim Engine has transformed his business operations. With our cutting-edge technology, Mr. Aggarwal successfully received a reimbursement of over ₹35 lacs, all through an automated and seamless claims process!

    Mr. Mrinal Aggarwal

    Seller, Bombay Wheels.

  • Mr. Umang Midha

    Mr. Umang Midha, the founder of Effects Industrial Concepts, shares his delightful experience with eVanik OneWorld Suite. He highlights how eVanik's cutting-edge SaaS solution has seamlessly resolved the complex challenge of syncing daily sales and returns into Tally—completely automated, accurate, and hassle-free!

    Mr. Umang Midha

    Founder, Effects Industrial Concepts.

Case Studies

Real Results from Real Businesses

  • Client

    Mr. Kailash Kumar

    Accountant, Link Locks Private Limited

    Challenge

    Frequent discrepancies in payouts and delays in claims.

    Solution

    eVanik's automated reconciliation system.

    Result

    Recovered over

    INR 5 lakhs

    in lost revenue within the first 3 months.

  • Client

    Mr. Kailash Kumar

    Accountant, Link Locks Private Limited

    Challenge

    Frequent discrepancies in payouts and delays in claims.

    Solution

    eVanik's automated reconciliation system.

    Result

    Recovered over

    INR 5 lakhs

    in lost revenue within the first 3 months.

  • Client

    Mr. Kailash Kumar

    Accountant, Link Locks Private Limited

    Challenge

    Frequent discrepancies in payouts and delays in claims.

    Solution

    eVanik's automated reconciliation system.

    Result

    Recovered over

    INR 5 lakhs

    in lost revenue within the first 3 months.

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