Bengaluru, 10th July 2024: Unicommerce’s latest solution, UniReco, has significantly improved the reconciliation process for brands and sellers operating across marketplaces. Launched in December 2023, UniReco has tech-enabled the error-prone task of reconciling payments and returns, ensuring sellers and brands fully realize their earnings without losses due to inefficiencies or errors.
Key Highlights:
- Reconciliation Efficiency: UniReco reconciled over 2 lakh order items in May 2024, demonstrating its robust capability.
- Revenue Optimization: By automating fee computation for different marketplaces and flagging payments or receipts needing attention, UniReco helps minimize revenue leakages.
- Comprehensive Coverage: The solution reconciles rebates, incentives, and other offers from various marketplaces and supports different fulfillment models like fulfilled-by-model and flex model.
Customer Success:
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- Urban Monkey: The streetwear brand uses UniReco for managing its complex reconciliation needs. Founder Yash Gangwal highlighted the tool’s ability to enhance accuracy in e-commerce operations.
- Alpino Health Foods: Co-founder & CEO Chetan Kanani praised UniReco for addressing crucial pain points like return reconciliation, aiding in maintaining customer loyalty.
Mentioning about the success of the solution, Yash Gangwal, Founder of Urban Monkey said, “There are hundreds and thousands of transactions that we need to map and ensure that our revenues are well-recognized. UniReco provides us the ability to deal with all the details, enhancing the accuracy of our e-commerce operations.”
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.”
Kapil Makhija, MD & CEO of Unicommerce commented in this regard, “We are committed to building the best-in-class solutions for all e-commerce and retail related operational needs of our customers. Our continuing R&D efforts focus on building solutions that simplify e-commerce for all. “
