Unicommerce’s latest solution UniReco has tech-enabled the error-prone reconciliation process that brands & sellers periodically undertake with marketplaces. As a payments and returns reconciliation tool, UniReco ensures that the earnings of sellers and brands are fully realised and are not lost through inefficiencies, errors, or other forms of leakage in their sales across marketplaces.
UniReco powers the reconciliation process for products ordered and returned, automates fee computation for different marketplaces and flags any payments or receipts that need a brand’s attention. The solution also calculates and reconciles any rebates, incentives, etc. that various marketplaces offer as additional cushion to brands and retailers. This solution is designed to work across different fulfilment models such as fulfilled-by-model and flex model among others.For the month of May 2024, the solution has reconciled over 2 lakh order items for various brands that work with Unicommerce.
Launched in December 2023, the tool helps in revenue optimization and involves strategies and practices aimed at maximising the efficiency of revenue generation and retention for brands selling across marketplaces. Unicommerce offers a comprehensive suite of SaaS solutions that provide end-to-end management of e-commerce and retail-tech operations right from the moment an order is placed till deliveries, returns and now payments reconciliation.
Urban Monkey, a streetwear clothing brand that sells across multiple marketplaces has deployed UniReco to address its reconciliation requirements.Healthy Food brand Alpino has been using UniReco. Its products can be found on various marketplaces and thus the brand requires an efficient way to track its receipts and payments from across these platforms.
Talking about the application of UniReco, Chetan Kanani, Co-founder & CEO of Alpino Heath Foods Pvt Ltd said, “E-commerce is complex, no matter how simple it seems to our customers. UniReco not only addresses some of the most crucial pain points including return reconciliation issues with marketplaces, but also assists in maintaining our customers’ loyalty.”
