Case Study 02

Marketplace reconciliation, in seconds

A desktop application that processes Amazon and Flipkart marketplace reports to support order and settlement reconciliation, discrepancy review, and profitability analysis.

Case study

The problem, the solution and the value

How Finnact Reconciler was shaped around the business requirement it addresses.

Project scope Desktop application, report processing, reconciliation logic, and financial analysis workflows.

Thousands of order and settlement entries reconciled in seconds.
  1. 01

    Business challenge

    Marketplace sellers may need to examine multiple reports to compare orders, settlements, costs, and financial outcomes. Reviewing these records manually can make reconciliation and discrepancy identification more difficult.

  2. 02

    Solution delivered

    IoVert developed Finnact Reconciler for Finnact to support Amazon and Flipkart marketplace reconciliation workflows.

    The desktop application processes marketplace reports and supports analysis of order information, settlement records, discrepancies, costs, and profitability-related data.

  3. 03

    Business value

    • Organizes marketplace report processing within a dedicated application.
    • Supports order and settlement reconciliation workflows.
    • Helps identify discrepancies requiring further review.
    • Brings cost and profitability analysis into the reconciliation process.
    • Supports more structured financial review and reporting.
    • Surfaces short payments and overcharges so they can be followed up.

How it works

From raw reports to reviewed results

Complex matching logic runs in the background, so the work left for people is reviewing the exceptions.

  1. 01

    Bring in the reports

    Marketplace payment, sales and order reports are loaded into the application, current and previous period together.

  2. 02

    Apply the matching rules

    Every payout is matched to its orders, every charge is checked against expected rates, and returns are matched against reversals.

  3. 03

    Review and close

    Mismatches land in a queue with an audit trail, and approvals support a repeatable monthly close.

Key capabilities

What it checks and reports

Settlements, fees, taxes, returns and profit, reviewed in one application.

  • 01

    Settlement reconciliation

    Matches each marketplace payout to its orders and flags short payments.

  • 02

    Complex reconciliation logic

    Brings payment, sales and order reports together and applies the matching rules to every line, so mismatches surface without manual lookups.

  • 03

    Exception management

    Mismatches are queued and categorised with an audit trail, so each item stays traceable until it is closed.

  • 04

    Fee and tax audit

    Checks commission, shipping, GST, TCS and TDS against expected rates and flags overcharges.

  • 05

    Returns and RTO tracking

    Matches returned units against credited reversals and tracks RTO loss.

  • 06

    Missing settlements

    Lists orders with no matching payout, with order date, item ID, SKU, delivery state, quantity and cost exposure.

  • 07

    Order-wise profitability

    Shows profit per order after fees, returns and taxes, with product-level cost and net margin.

  • 08

    Monthly close and insights

    Approval workflows support a repeatable monthly close, with reports on revenue leakage and SKU performance.

Reports it works from

For Flipkart, the first reconciliation uses five reports. Later reconciliations need three.

  • Current payment report
  • Previous payment report
  • Current sales report
  • Previous sales report
  • Current order report

Who it is for

  • Sellers

    Run their own stores on marketplaces and want settlement reconciliation and margin tracking.

  • CA firms and providers

    Manage reconciliation for several clients from one dashboard.

More work

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