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1P a g e
PAYMENT RECONCILIATION –
Why You Cannot Ignore It In 2019
2P a g e
#sellanywherefaster
Follow this event on LinkedIn & Twitter
@Vinculum_IT
Vinculumgroup
3P a g e
Speaker
Sumit Karranji
Global Sales Evangelist &
Payment Reconciliation Expert at Vinculum Group
Earlier Co-founded DSYH – India’s 1st Reconciliation As A
Software Platform For Sellers on e-Commerce
4P a g e
Before WeBegin
Submit your questions
anytime. We’ll do Q&A
all throughout
We will send you the
recording
5P a g eI M A G I N E
Know about Vinculum Solutions.
Company Introduction
Get to know about Data Management and its benefits
E-commerce Data Management
What is it, Why is it important, and How can we help you
Payment Reconciliation
Scenarios where you are leaking your business profits
Revenue Leakage
How and When to raise claims for the leakages
Dispute Management & Redressal
“To help you understand
What’s, Why’s and
How’s of Payment
Reconciliation”
Revamped Analytics Dashboard and
Next-Gen Reconciliation Portal
Product Tour
Advantages of Accurate Accounting and GST Reports, and
our services for you
Accounting & GST Solution
Q&A
6P a g e
Introduction
7P a g e
Software enabling the e-Commerce Ecosystem
8P a g e
AWARDS RECOGNITIONS
9P a g e
e-Commerce
2019
and ahead
10P a g e
1336
1548
1845
2304
2842
3453
4135
4878
0
1000
2000
3000
4000
5000
6000
SalesinbillionU.S.dollars
Years
2014 2015 2016 2017 2018 2019 2020 2021 © Statista 2019
Retail e-commerce sales worldwide from
2014 to 2021 (in billion U.S. dollars)
11P a g e
DoYouKnow?
It’s estimated that
there will be 1.92
billion digital buyers
in 2019 !
In 2021, over 2.14 billion
people worldwide are expected
to buy goods and services online,
which is a 11.45% growth in
two years!
© Statista
2019
1.32
1.46
1.52
1.66
1.79
1.92
2.05
2.14
0
0.5
1
1.5
2
2.5
Years
Numberofbuyers
2014 2015 2016 2017 2018 2019 2020 2021
Number of digital buyers worldwide from
2014 to 2021 (in billions)
12P a g e
13P a g e
More
Business
More
Orders,
Returns,
Payments.
14P a g e
+50 million
Orders
Processed
+$10 million
Leakages
Identified
+1000
Customers
Served
15P a g e
Howlong haveyoubeen
into e-Commerce?
16P a g e
Whatis the
ProductCategory
youdeal in?
17P a g e
• Electronics &
Accessories
• Fashion
• Home &
Kitchen
• Beauty &
Personal Care
• FMCG
35 lakhs to 2
crores
(per month)
Focus Category Average GMV
of such Sellers
Most Repeated
Scenarios
Our Data Analysis of 1000+
Sellers show 1% - 3%
possible leakages on your
Annual GMV.
• Replacements
• Inventory
Missing
• Damaged
Returns
18P a g e
10
14
17
18
20
20
27
28
34
40
52
55
0 10 20 30 40 50 60
Fresh groceries
Restaurants & Meal-kit
Baby Products & Toys
Packaged Grocery
Pet Food & Supplies
Home & Kitchen
Health Care & Medicines
Flower & Gifts
Beauty & Personal Care
Consumer Electronics
Travel
Fashion
Percentage of Consumers Purchasing
Online (Product Category-wise)
19P a g e
Business
20P a g e
ProblemStatement
Multiple Formats for various marketplaces.
Multiple times payments and deductions against a
single order.
• Curated Data
• Archive Marketplaces’
Records
• Information Visibility in
a single line item
• Perform Business
Analysis
• Statutory Compliances
20P a g e
Pain Relievers Gains Expected
21P a g e
Without an effective Accounting &
Reconciliation process, its easy to lose
track of your payments given the
enormous transactional volumes,
complexities of shipments & not to
forget, returns.
Payment
Reconciliation
22P a g e
Why does
Payment
Leakages occur ?
Discrepancies in
Measurement Reports by
the Logistics Partners
Unavoidable Bugs in the
developers 'code
Manual entry errors from
Sellers end
23P a g e
ProblemStatement
• Simplified Reports under
six different scenarios
• Identify Negative cash
flows
• Know order level
overcharges against each
SKU
• Calculate Profitability
Pain Relievers Gains Expected
Complicated marketplace reports. Uninformed
deductions. Tiresome calculations on multiple
payments under sales and returns.
24P a g e
Recoverable
45%
Non-
recoverable
55%
LEAKAGES
Payment
Reconciliation
• Matches the actual and the
levied charges by marketplaces
and identifies the overcharged
amount
Inventory
Reconciliation
• Covers missing inventory and
tracking of stocks at fulfilment
centres
25P a g e
Source of Leakages in
your Revenue
26P a g e
9%
3%
12%
28%
33%
15%
SCENARIO-WISE LEAKAGES
Shipping Overcharge
Pick-&-Pack Overcharge
Carrier Damage
Inventory Missing
Replacement
Damaged Returns
27P a g e 27P a g e
Dispute
Management
28P a g e
ProblemStatement
Unmanageable follow-ups with the Marketplace
Seller Support Team. Unaware of policy updates.
Missing out on claims window.
Pain Relievers Gains Expected
• Maximum leakage retrieval
by Amazon Trained E-
commerce Specialist
• Focus on core activities
• Precise Claims reports by
Claims Experts
• On-call Dispute
Management Services
29P a g e
30P a g e
ProblemStatement
Inaccurate accounting dues to multiple returns and
replacements. Penalty due to incorrect GST filings
Pain Relievers Gains Expected
• Understand Tax breakups
and taxable amount
• Consolidated Reports from
all marketplaces you sell
• Statutory compliances
• Accurate Accounting and
Tally integrated reports
by e-commerce experts
• GST- Ready Reports
31P a g e
Q&A
32P a g e
GetinTouch
Address
Vinculum Solutions Pvt. Ltd.
First Floor, Tower 1, Unitech Infospace, Plot No. 2,
Block B, Noida, Uttar Pradesh - 201307, India.
(0120) 459 4900
www.vinculumgroup.com
Vinculumgroup
marketing@vinculumgroup.com
@vinculum_IT

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Payment Reco Webinar Vinculum

  • 1. 1P a g e PAYMENT RECONCILIATION – Why You Cannot Ignore It In 2019
  • 2. 2P a g e #sellanywherefaster Follow this event on LinkedIn & Twitter @Vinculum_IT Vinculumgroup
  • 3. 3P a g e Speaker Sumit Karranji Global Sales Evangelist & Payment Reconciliation Expert at Vinculum Group Earlier Co-founded DSYH – India’s 1st Reconciliation As A Software Platform For Sellers on e-Commerce
  • 4. 4P a g e Before WeBegin Submit your questions anytime. We’ll do Q&A all throughout We will send you the recording
  • 5. 5P a g eI M A G I N E Know about Vinculum Solutions. Company Introduction Get to know about Data Management and its benefits E-commerce Data Management What is it, Why is it important, and How can we help you Payment Reconciliation Scenarios where you are leaking your business profits Revenue Leakage How and When to raise claims for the leakages Dispute Management & Redressal “To help you understand What’s, Why’s and How’s of Payment Reconciliation” Revamped Analytics Dashboard and Next-Gen Reconciliation Portal Product Tour Advantages of Accurate Accounting and GST Reports, and our services for you Accounting & GST Solution Q&A
  • 6. 6P a g e Introduction
  • 7. 7P a g e Software enabling the e-Commerce Ecosystem
  • 8. 8P a g e AWARDS RECOGNITIONS
  • 9. 9P a g e e-Commerce 2019 and ahead
  • 10. 10P a g e 1336 1548 1845 2304 2842 3453 4135 4878 0 1000 2000 3000 4000 5000 6000 SalesinbillionU.S.dollars Years 2014 2015 2016 2017 2018 2019 2020 2021 © Statista 2019 Retail e-commerce sales worldwide from 2014 to 2021 (in billion U.S. dollars)
  • 11. 11P a g e DoYouKnow? It’s estimated that there will be 1.92 billion digital buyers in 2019 ! In 2021, over 2.14 billion people worldwide are expected to buy goods and services online, which is a 11.45% growth in two years! © Statista 2019 1.32 1.46 1.52 1.66 1.79 1.92 2.05 2.14 0 0.5 1 1.5 2 2.5 Years Numberofbuyers 2014 2015 2016 2017 2018 2019 2020 2021 Number of digital buyers worldwide from 2014 to 2021 (in billions)
  • 12. 12P a g e
  • 13. 13P a g e More Business More Orders, Returns, Payments.
  • 14. 14P a g e +50 million Orders Processed +$10 million Leakages Identified +1000 Customers Served
  • 15. 15P a g e Howlong haveyoubeen into e-Commerce?
  • 16. 16P a g e Whatis the ProductCategory youdeal in?
  • 17. 17P a g e • Electronics & Accessories • Fashion • Home & Kitchen • Beauty & Personal Care • FMCG 35 lakhs to 2 crores (per month) Focus Category Average GMV of such Sellers Most Repeated Scenarios Our Data Analysis of 1000+ Sellers show 1% - 3% possible leakages on your Annual GMV. • Replacements • Inventory Missing • Damaged Returns
  • 18. 18P a g e 10 14 17 18 20 20 27 28 34 40 52 55 0 10 20 30 40 50 60 Fresh groceries Restaurants & Meal-kit Baby Products & Toys Packaged Grocery Pet Food & Supplies Home & Kitchen Health Care & Medicines Flower & Gifts Beauty & Personal Care Consumer Electronics Travel Fashion Percentage of Consumers Purchasing Online (Product Category-wise)
  • 19. 19P a g e Business
  • 20. 20P a g e ProblemStatement Multiple Formats for various marketplaces. Multiple times payments and deductions against a single order. • Curated Data • Archive Marketplaces’ Records • Information Visibility in a single line item • Perform Business Analysis • Statutory Compliances 20P a g e Pain Relievers Gains Expected
  • 21. 21P a g e Without an effective Accounting & Reconciliation process, its easy to lose track of your payments given the enormous transactional volumes, complexities of shipments & not to forget, returns. Payment Reconciliation
  • 22. 22P a g e Why does Payment Leakages occur ? Discrepancies in Measurement Reports by the Logistics Partners Unavoidable Bugs in the developers 'code Manual entry errors from Sellers end
  • 23. 23P a g e ProblemStatement • Simplified Reports under six different scenarios • Identify Negative cash flows • Know order level overcharges against each SKU • Calculate Profitability Pain Relievers Gains Expected Complicated marketplace reports. Uninformed deductions. Tiresome calculations on multiple payments under sales and returns.
  • 24. 24P a g e Recoverable 45% Non- recoverable 55% LEAKAGES Payment Reconciliation • Matches the actual and the levied charges by marketplaces and identifies the overcharged amount Inventory Reconciliation • Covers missing inventory and tracking of stocks at fulfilment centres
  • 25. 25P a g e Source of Leakages in your Revenue
  • 26. 26P a g e 9% 3% 12% 28% 33% 15% SCENARIO-WISE LEAKAGES Shipping Overcharge Pick-&-Pack Overcharge Carrier Damage Inventory Missing Replacement Damaged Returns
  • 27. 27P a g e 27P a g e Dispute Management
  • 28. 28P a g e ProblemStatement Unmanageable follow-ups with the Marketplace Seller Support Team. Unaware of policy updates. Missing out on claims window. Pain Relievers Gains Expected • Maximum leakage retrieval by Amazon Trained E- commerce Specialist • Focus on core activities • Precise Claims reports by Claims Experts • On-call Dispute Management Services
  • 29. 29P a g e
  • 30. 30P a g e ProblemStatement Inaccurate accounting dues to multiple returns and replacements. Penalty due to incorrect GST filings Pain Relievers Gains Expected • Understand Tax breakups and taxable amount • Consolidated Reports from all marketplaces you sell • Statutory compliances • Accurate Accounting and Tally integrated reports by e-commerce experts • GST- Ready Reports
  • 31. 31P a g e Q&A
  • 32. 32P a g e GetinTouch Address Vinculum Solutions Pvt. Ltd. First Floor, Tower 1, Unitech Infospace, Plot No. 2, Block B, Noida, Uttar Pradesh - 201307, India. (0120) 459 4900 www.vinculumgroup.com Vinculumgroup marketing@vinculumgroup.com @vinculum_IT