Improve Ecommerce Business Productivity through Inventory Management Software

Improve Ecommerce Business Productivity through Inventory Management Software

Introduction

Inventory are the products a business deals with in a market place. In e-commerce businesses, inventory has to be managed effectively to avoid uncertainties of losses. In some cases, it is seen that brands go out of stock because of inefficient inventory management. Including this, brands may face a lot of challenges while bringing new marketing strategies or demands of the market if they do not keep analysis over their stock. These cases arise especially when brands choose to maintain a management mechanism through manual team work. Hence, not only loss of time takes place but also brands lose their high finance for this purpose. Still, there is always a dissatisfaction of outcome when accuracy, privacy and timeliness is not maintained. 

 

eVanik is a computerized software offering automated business management tools for accounting and reconciliation, inventory management, order processing, etc. This  facilitates the purpose of achieving organizational goals by complete focus on increasing productivity. Currently, there are 92% of online brands who have access to all the details regarding their business activities over just a few seconds. But still, few are lacking behind to enjoy the effectiveness of stock management. 

 

Struggles Brands Acknowledge:

 
  • Time-consuming And Costly
  • Inaccuracy of Data
  • Inability to Meet Demand
  • Loss of Sale opportunities
  • Time-consuming And Costly

Manual management of stock consumes a lot of time for a proper record building. If this is performed manually, it results to be always a waste of human resource. It also creates the need for a software solution that lets the brand work on their own with errorless data handling. It also helps to save the money for investing on a team for this specific mechanism. As compared to this, brands investing on business management softwares saves a lot of finance and time in this regard. It is important to consider that finance is the backbone of any business firm, but efficiency is the utmost need. No money should be invested in such criterias where solutions can be achieve with better services and advantages.

 
  • Inaccuracy of Data Handling

When data is concerned, the process should be effective and transparent. There are many situations where brands go out of their actual reach of data. Sometimes, this also leads to ill management of marketing strategies. Eventually, this ends up giving the company a list of huge losses. Therefore, for better planning for the future, brands need to have good control over their data and strategize accordingly. Brands should build a technique for  receiving trustworthy, comprehensive and transparent data without any hustle or struggle.

 
  • Inability to Meet Demand 

Stock management is crucial because the demand of the market can anytime rise or go down. If there would be  a downfall of the demand graph, an overstock situation leads to wastage of inventory. In contrast to this if the demand rises, there would be a situation of OOS. In both situations, brands face a lot of loss. Mostly they receive negative customer feedback. In this regard, a proper check on the stock availability needs to be maintained by thorough studying the market condition. If speculated earlier, these uncertain losses can be dismissed on the basis of analytical reports. 

 
  • Loss of Sale Opportunities

Stock or inventory is the basic need of any business for its smooth running. If there would be unavailability in the stock in any case, this may result in losing the potential deals to your competitions. Convincing a customer to buy your product would only work when you can provide plenty of products to increase customer engagement. If the same is not taken care of,  there could be a loss of sale opportunity. This also hampers the goodwill of the company as brands would not be able to maintain the trust and dignity towards their customers. 

  • Disbalanced Omni Channel Mechanism

Inventory being sold for different channels needs to be taken care of while regularly. If there would not be a system that can enrich this efficiency of the brand, all the multiple channels can’t grab good customer attention. For this, a central control over figures and data that can track and show real-time reports of inventory and its performance over omnichannel is required. Through a software back-office system built for looking after these matters, a smooth and healthy management process can be built for e-commerce sellers or retailers.

 

Why to Subscribe a Software Support?

 
  • Better Omni Channel Promotion
  • Improve Customer Experience
  • Large Marketing Scale
  • Time and Finance Saving
 
  • Better Omni Channel Promotion

With a software support system, brands can focus on increasing their productivity rather than struggling with back-office activities. Multiple channel management with a software support gets highly efficient as not only the data but problems behind the loss also gets analysed. These softwares give emphasis on transparent data handling over any e-commerce platform. Also, regular and real-time surveillance is enjoyed through them. Better inventory management is the primary thing to assure your good returns through numerous e-commerce channels. 

 
  • Large Marketing Scale

Through instant support on a cloud-based survey, it is simpler and quicker to enhance marketing scope. e commerce platforms are available on a large scale and thanks to these tools that give an automatic solution and analytics on different spaces of the marketplace. Large Marketing Scale is a good thing to focus on as with larger areas, more customer involvement could be raised. Inventory management is a long and stressful process that needs to be performed effectively on a regular basis.Hence, acknowledge a good software for this purpose on the right time for better marketing opportunities.

 
  • Improve Customer Experience

With better stock management, customers always hit your products to their cart and also build a trusting relationship with the brand. If the stock shown is OOS oftenly, this connection gets disturbed. Protecting one's customer to ensure better sales rate and long-term business relationship, it is better to adopt a software mechanism that can help in improving customer sentiments in a short period of time. If software would notify you about your inventory in-house information with accurate speculation, you may get ready for improving your condition.

 
  • Time and Finance Savings

Any business firm would love to have profitable deals at less cost. Especially in e-commerce, dealers or brands face a tough fight to grab deals with dynamic customers. Still, there is no assurance that these customers would stay with them for a longer term. To focus on these issues is very significant and hence promotes the idea of managing things in less cost and time. Inventory  management softwares helps in building more marketing scopes as the back-hand stock management is being performed by them with any mistakes. 

 

Conclusion

Whenever there is a discussion of inventory or stock management, stress and concern is always on peak. No brand with traditional methods can assure to maintain a control over this subject. In this regard, few softwares like eVanik Networks, work towards enriching the business management activities for different sellers. They not only provide better stock analytics, but also treat your accounting, reconciliation, order processing, marketing strategies and executions, and so on. At the correct time, the right decision needs to be taken. And if you are also a seller with these issues to solve, eVanik is the right place for you with an immediate, accurate, cost efficient and transparent solution.

Online Order Returns||Types, Problems and Solutions

Online Order Returns||Types, Problems and Solutions

Online Order Return is a serious problem for all e-sellers. There are several issues because of which a seller may receive their products back from the customers. The online product return or drop-off products are the inventory that gets back to the seller even after sale for one or more reasons. These returns show a special impact on the progress report of the company. Because of this, online sellers make sure to have control over the returns. Returns are always a subject of concern as the customer may not find the brand eligible to make a purchase or the customer does not require the product anymore. In addition, e-retailers mostly suffer the pain of drop off products.

These returns can be for numerous reasons.Therefore, the product gets back to the warehouse again. This also creates complications for accounting, reconciliation, inventory or warehouse management. In addition, it does not let the brands work smoothly and eventually hampers the growth.

Online Orders or Online Selling have more cases of product returns or drop-off. This is because people do not trust fully on online products. These returns are uncontrollable or controllable behaviors as per the case.

These returns are basically of two different types:

  • Courier Return
  • Customer Return
  • Courier Return: when a product does not get delivered to the customer because of an incorrect address or customer unavailability, then that is referred to as a courier return.
  • Customer Return:  when a product gets delivered to the customer but for any reason, the customer does not want the product anymore, they can return it to the seller. This type of return is called customer product drop-off or return.

Let us understand the reasons and solutions behind the return of products after purchase:

Reasons of Online Order Returns:
Wrong Product Delivery

When the product purchased has anything wrong or different from the layout, the products are sent back to the seller. This is one of the common reasons as a wrong or different product is unacceptable from the customers' side. This is so because the company does not have a good warehouse management system. The size or color of the product also gets counted in this. Product return is difficult management that needs special attention in a company.

Wardrobe One-time Purpose

Nowadays, online selling platforms have an easy return policy with a full refund. This has drastically shown an impact on the return rates of products. This creates a scope for customers to purchase a product and return it with one-time use through these policies. Wardrobing refers to buying a product for a one-time purpose and then returning it to the seller. This happens because people want variations with less money investment. This creates difficulty in maintaining a good selling process and product performance as well.

Long-term Return Policy

Online sellers face a disadvantage if they provide a long-term return policy. For example, a product bought on a certain date can be returned after 45 days of the purchase date. This creates a chance for customers to change their minds. A customer's mind does not like the product experience after a while. This would eventually lead to returning the product within the policy period time. If the time of return would be lengthy, then automatically it will give customers to evaluate the product in every way possible making the product performance go low. Therefore, a seller must be wise enough to set a good return time for a product so that the sale does not get hampered.

“Not in Need” List

Customers buying products may be more into “need purchase”. This means that the customer when receiving a product may not need the product anymore. This will allow them to return them to the seller making no purchase. This type of customer does not entertain any purchase of loss that gives unpleasant results to the seller. Hence, a seller must be ready for these situations as these situations are uncertain in behavior.

Late Delivery of Product

When a purchase gets delivered after the promised date, it results in drop-off products. This is because a product may be purchased for a certain purpose. If these purposes are not fulfilled, the customer tends to return the product. Additionally, this gives a bad impression on the customer. This is a frequent mistake that happens in most brands. Also, this is a basic reason too, for many purchase returns in e-commerce.

Solutions for Online Order Returns

As mentioned earlier, numerous reasons exist and get added with the selling of products to increase return rates. But, there are few precautionary steps an online seller can follow while processing:

Convert Product Returns into Profit

Always be careful and positive about every concern of the business. It is okay to take things easy sometimes but being planned is equally important. To balance every activity of your company, make sure you have the idea of transforming your product return into profit. This means that returned products must get an allocation in the warehouse for better management. Managing things and standing the products in the market works well if a seller has a great business management team like an e-commerce integrated software.

Plan According to Return Assumptions

Always be sure of what is going on in your company, Selling products services online is not an easy task. Sellers must see future opportunities and risks regarding the selling process. If it seems to have returns on a certain rate for a given period of time, smooth managing can help in controlling the uncertainties.

Rotate Drop Off Products in Inventory

If the returned items are good in condition, you may reduce your cost by rotating the product in the inventory for resale. Generally, products that are returned by the customers are damaged or are at fault. But, if the material is good in condition, the same product may get back to the warehouse for resale. This can change your loss into profit as more inventory would be present with you for sale.

Improve Delivery Process

Delivery service plays an important role in the return processes. If the delivery of the product gets delayed by the promised date, in that case, the customer may not be interested in receiving the product's parcel and eventually end up returning the order. Hence, sellers may focus on improving the delivery service as well as you can't leave your customer with a bad impression.

Increase Capacity for Festive Season

Festivals often come with great prosperity and opportunities. A seller must play smart during holiday time. We all love to shop for festivals or holidays. This can bring large scope for sale, especially for e-commerce. So, make sure you manage your inventory in such a way that shortage does not knock on your door. You must have items to deal with. And for higher products, a seller’s warehouse must be filled with inventory.

As we understood, product return or drop off is a major part to take care of on time. If a seller does not understand the need to build a better mechanism for its brand selling, then that may create a space for them to lose a good number of deals. Also, it may hinder your progress report leaving behind bad goodwill. Therefore, be wise enough to subscribe to an e-commerce integrated software like eVanik, that can help in warehouse management and inventory management along with accounting integration system, reconciliation system, return rates, fee charges record maintenance, etc. Here, you get all the services at the fastest of all. We guarantee authenticity and accuracy in deals. In less investment, we provide your ease of space to be created in the marketplace. So, save your time and brand by subscribing to us as a helping assistant.

Top 10 online selling sites in India

Top 10 online selling sites in India

Yes, you heard it right, today we are up with an idea to support your business and help you grow!

We have compiled the best marketplaces in India, where you can register and sell your products online. Let me be more clear, we have appended India’s top 10 online selling sites in this article with a direct link to register.

By the end of this article, you may have registered to a few of them and have already started growing online.

And eVanik- Oneworld suite for all e-commerce solutions will always be there to ameliorate your experience.

So, without depleting more of your time let me quickly take you to a virtual tour of the best online marketplaces in India. 

Starting with the world’s largest online marketplace that every retailer wants to be a part of.
Yes! Amazon is what I am talking about.

Amazon

Amazon started in 1994 by Jeff Bezos, the idea of business back then was to start a business offering convenience to its buyers by providing them easy delivery services. 

So Jeff started the business with a bookstore that was supportive in both online and offline mediums. The reason to go for books was:

    • Easy packaging
    • Easy distribution
    • Easy to source

In 1998, the business expanded internationally and also introduced computer games and music as a part of their business.

In mid-2000, Amazon web services came into the picture, and Amazon became a tech company rather than an online retailer. Since then the company has been unstoppable in terms of growth and profit.

In India, Amazon was established in the year 2013 with a record of first 10,000 orders on its first day of operation.

What to sell?

You can sell products ranging from general merchandise that includes fashion, electronics & accessories, appliances, home & kitchen, mobile & tablets, etc.

What are the requirements to sell?

To be a seller on Amazon you have to register and create an Amazon account for which you require a PAN Card, bank account, authorization of business to add private labels, GST details (GST Details are compulsory if you are listing taxable goods) and business address.

There is no subscription fee but you have to pay selling fees of 75 rupees per item sold, along with some other charges depending upon the item that has been sold.  

Just a click to register:

➥ Here

Pros & Cons to sell at Amazon

Pros
  • Home of nearly 184 million visitors, therefore it is a high traffic channel.  
  • You can sell your product globally and earn a profit. 
  • You can send your product in bulk and they will manage your inventory, pack, and ship. The process is known as fulfillment By amazon, mostly used to fulfill the criteria of prime orders.  
  • Once your brand is registered you get access to tools like A+ listing and amazon advertising, boosting your product sales, and helping you to build a brand. 
  • A huge platform to sell different categories of products if you have a product. Yes, Amazon is always the right choice to sell. 
Cons
  • There is a very high competition for each and every product. 
  • You cannot easily sell branded products on Amazon until you have the sole rights of that brand. A brand can be sold by multiple sellers but only one seller gets the buy box, and in most of cases
  • Amazon owns the buy box. or  Many brands are on outright inventory buying, therefore you will have to face high competition.  
  • No benefit comes for free, for every good deal, there is a high commission that is charged by Amazon depending upon the category of your product. 
  • Mapping issues are highly faced, until and unless you get your brand registered by the government and on Amazon, another seller can sell the same product at a lower price.  
  • It does not sell anything above 8 kgs in the easy ship category and anything over 30 kgs in fulfillment.
    In such a case, you have to hire a 3PL for delivery. 
Flipkart

Another astounding online retail platform to start your business is Flipkart. The story of Flipkart seems to be indistinguishable from amazon. As both of these companies started their businesses with book sales.

Flipkart is a Bangalore based startup launched in the year 2007 by Sachin Bansal and Benny Bansal. 

In a few years, the company advanced in selling for many other domains too. In 2010, Flipkart introduced the mode of cash on delivery which helped in expanding the delivery network.

In 2012 the company launched its mobile application to make it convenient for its customers. And in the year 2014, Flipkart acquired Mantra and introduced various categories to shop online.

Since then the company has been rapidly growing and accomplishing the heights of success.

What to sell? 

You can sell products ranging from general merchandise that includes fashion, electronics & accessories, appliances, home & kitchen, mobile & tablets, etc.

What are the requirements to sell?

To sell on Flipkart you have to register on Flipkart for which you require a GST number, personal PAN Card for business type as “proprietorship”, personal along with business PAN card for business type as “company”, Bank account details and minimum 1 genuine product to sell.

Flipkart offers you free registrations and further deductions depend solely on your product. It can vary from 5% to 25%. 

Just a click to register : 

➥ Here

Pros & Cons to sell at Flipkart

Pros
  • The largest online retailer in India with a 31.9% market share. It is the marketplace that has acquired two fashion specialty sites named Myntra and Jabong. 
  • Free to register and list your item in the portal. 
  • It is very easy to opt for promotions and deals.
Cons
  • Sellers suffer high payments issues as compared to Amazon. 
  • There is a high commission that will be deducted in every sale like fixed charges, commission, Collection Fee, Courier Charges, GST.
  • In case of an increase in order volume, especially during sales. The hub capacity does not match the order counts leading to loss of sellers.
Snapdeal

Instigated as a daily deal platform in the year 2010 and expanded to become an online marketplace in the year 2011, Snapdeal has seen many ups and downs in its journey.

The company has received several rounds of investment and the last investment was secured in the year 2017, leading to the acquisition of many other ventures. The first enterprise acquired was Grabbon.com in the year 2010.

And since then Snapdeal has acquired more than 10 business enterprises. 

Taking in terms of business, the CEO of Snapdeal says “our 15% to 20% of sales arrive via mobile commerce.

Year by year the business got rebooted and Snapdeal achieved its milestone of 1000 sellers in the year 2014. 

There are many other e-commerce platforms like Infibeam, Paytm, Craftsvilla, Pepperfry, etc. Some of them are product specific while others offer to sell products in categories. 

However, a dropdown in this journey was seen in the fiscal year 2017, but things are believed to be on track again.

So in the current scenario, there are more than thousands of sellers serving over 3,000 cities in India. 

What to sell? 

You can sell products ranging from general merchandise that includes fashion, electronics & accessories, appliances, home & kitchen, mobile & tablets, etc.

What are the requirements to sell?

To sell in Snapdeal, you have to be an authorized seller in India, should have a genuine product, PAN Card, and bank account details.

The registration process is free and the commission fee depends on your product ranging from 0%- 26%. 

Just a click to register : 

➥ Here

Pros & Cons to sell at Flipkart

Pros
  • Free and easy to register and sell your products. 
  • Allow you to sell any brand.
  • Provides SD Plus facility with the premium facility to the customers of same-day delivery
Cons
  • You are levied charge in case of buyer return. 
  • The competition turns to be very high leading to a very low margin to earn. 
  • Once your product is an SD plus product, you cannot sell it through any other mode. Without any notification of when your product will be transferred to SD plus.
Myntra

An Indian fashion e-commerce company that was founded in the year 2007 by Mukesh Bansal, Ashutosh Lawania, and Vineet Saxena with an idea to sell personalized gifts items. 

In the early days, their venture was only operated in B to B level and used to sell personalized products such as T-shirts, mousepads, mugs, and others. 

After a couple of years, their business model inclined towards selling fashion and lifestyle products and offering products from 350 Indian and International brands.

In the year 2014, Myntra was acquired by Flipkart, and Myntra continued to operate as a standalone under Flipkart ownership. 

Therefore, working with the same pace of growth and acceptance in buyers. 

What to sell? 

You can sell fashion merchandise and fashion accessories in Myntra. 

What are the requirements to sell?


To sell Myntra allows only a business entity and not an individual. Therefore, the seller needs to do a legal registration of their business. 

Once the legal registration is done you can register at Myntra as a seller with details of your GST registration certificate and GSTIN number, PAN card, and account information. 

Just a click to register : 

➥ Here

Pros & Cons to sell at Flipkart

Pros
  • It is the country’s largest online fashion retailer offering the opportunity to make your product a brand. 
  • Responsible for 80-90 percent of the sales of premier global brands. 
Cons
  • Very high advertising costs.
  • Retailers require additional inventory software.
Paytm

An e-commerce payment system and financial technology-based company founded in the year 2010 and an innovative concept of the mobile wallet has now evolved to a fully functional website offering a huge range of goods and services.

The application is available in more than 11 languages and after working for financial technology for years it introduced another application named Paytm mall in the year 2017. 

It is a B2C platform with a sum of 1.4 lakh sellers registered and with 17 fulfillment centers across the nation.  

What to sell? 

Similar to Amazon and Flipkart, Paytm also allows you to sell products ranging from general merchandise that includes fashion, electronics & accessories, appliances, home & kitchen, mobile & tablets, etc.

What are the requirements to sell?

To register on Paytm all you need is a business name, contact details, genuine product, bank account details, and PAN Card. 

The registration in Paytm is free of cost with 18% marketplace commission and 2.7% of payment gateway commission. 

Just a click to register : 

➥ Here

Pros & Cons to sell at Flipkart

Pros
  • Considered to be fast and safe as it has a good reputation with financial transitions. 
  • The cashback feature attracts a huge mass.
Cons
  • Has bad customer support, may reduce the brand image of your product. 
  • In case of non-delivery, or return of the product you will be liable to pay the marketing fees, payment collection fees, courier charge, and fulfillment charges apart from bearing logistics costs. 
Pepperfry

It is an Indian online marketplace for furniture launched in the year 2011, therefore it partners with furniture merchants and connects them to the buyer. 

It was founded by Ambareesh Murty and Ashish Shah and the website was launched in the year 2012 as an online marketplace for furniture and other home decors. 

Initially, it worked only for furniture but now they extended their domain to kitchen tools and appliances serving 500 cities and towns in India. 

It is considered to be the largest player for selling furniture and home decor. 

What to sell? 

In Pepperfry you can only sell furniture, home decor accessories, and kitchen appliances.  

What are the requirements to sell?

Like all the other registration processes, the procedure is similar for Pepperfry. You have to register and make your account. 

You will be required to validate details of Bank, company, proof of address and identity, and genuine product to sell.

The registration is free and commission goes negotiable depending upon your product. 

Just a click to register : 

 Here

Pros & Cons to sell at Flipkart

Pros
  • It covers PAN India, so even your bulky furniture can be delivered at any part of the nation. 
  • The largest marketplace built exclusively for furniture. 
Cons
  • Poor customer service, many reviews claim that they could hardly connect to any service provider in case of a query.
  • Furniture installation service is not provided by Pepperfry, affecting the experience of customers and tarnishing your brand image.
Limeroad

The company was founded in 2012 by Suchi Mukherjee, Manish Saksena, and Ankush Mehra as a women’s fashion marketplace. The idea back then was to provide a platform for small businesses to grow and expand in the realm of female fashion accessories. 

A less known fact is Limeroad got into partnership with the MP Government and in order to promote handloom and handicraft products in India. 

Within a few years, the business expanded and Limeroad is considered to be a tough competitor of marketplaces like Amazon and Flipkart. 

What to sell? 

Limeroad offers the opportunity to sell a complete range of clothing and other fashion accessories for men, women, and kinds in different categories. 

It allows users to create a look at a virtual scrapbook and allows users to earn from the scrapbook they create.

What are the requirements to sell?

To start selling on Limeroad you need to register and make your account by providing your bank details, proof of address and identity, and product to sell.

You can also share or promote your products on social media via Limeroad application. 

Just a click to register : 

 Here

Pros & Cons to sell at Flipkart

Pros
  • A huge market of Indian customers, where they can virtually create scrapbooks with multiple products and create a look of their choice.
  • Therefore attracting more customers or I should rather say, potential buyers.
  • Every seller gets an account manager to support their business growth. 
  • It provides you the authority to market your product, you can also share in different social sites directly via Limeroad. 
Cons
  • Unlike other companies that have their weekly payment cycle, Limeroad provides payment for products after 15 days. 
  • The commission’s policy for sellers is not transparent. 
  • Do not have a smooth facility of customer service providers, which may lead to tarnishing your product brand image.
Firstcry

If you are into selling kids fashion apparel and accessories this is the best place for you. A platform that specifically focuses on kid’s fashion. 

So it is an online store for baby product retailing launched in the year 2010 with the consolidation of over 350 stores it became Asia’s largest online marketplace for Kids products. 

What to sell? 

In the first cry, you can sell any fashion or other kids’ products.

What are the requirements to sell?

The registration process is free by creating your account. You will need to provide your authentic details of identity, bank account information, GSTN, and PAN number. 

Just a click to register : 

➥ Here

Pros & Cons to sell at Flipkart

Pros
  • The only platform to focus on kids’ accessories, making your product equivalent to a premium brand for kids. 
  • There are 5,00,000 registered customers, looking only for kids accessories 
Cons
  • Charge high commission on the sale of every product.
  • Most of the reviews claim bad customer services provided by firstcry. 
Meesho

An application that enables small businesses and physical stores to take their sales online via social channels.

The venture was launched in the year 2015 by IIT Delhi graduates Vidit Aatrey and Sanjeev Barnwal. Keeping the needs of Indian customers, the company grew and became the first Indian start-up to be invested by Facebook. 

Now the application gives sellers a huge customer base to sell their products and grow. 

What to sell? 

You can specifically sell all fashion, lifestyle, or handicraft accessories. 

What are the requirements to sell?

There is a 1 step registration process, where you have to provide details about the type of company, Your PAN details, GSTN and Aadhaar card.

The registration is free. However, there is a commission based on the sale of products. 

Just a click to register : 

➥ Here

Pros & Cons to sell at Flipkart

Pros
  • A friendly and easy to manage interface.
  • A large Indian market to participate via different channels. 
Cons
  • Sometimes they end up delivering the wrong product. 
  • Bad customer services, reducing your product brand image. 
Shopclues

A Gurgaon based online marketplace launched in the year 2011 by Sandeep Agarwal and Radhika Agarwal.  

In 2016 they reached half a million sellers with thousands of buyers nationally. 

The company claims to have more than 6 lakh merchants and approximately 2.8 crore products, serving more than 32,000 pin codes across the country.

What to sell? 

The company is a marketplace for thousands of different category products but here are some categories they are considered premier for home & kitchen, fashion, mobiles & electronics, and sports.

What are the requirements to sell?

You need to be a registered seller and for the registration process, you need a business entity, address and ID proof, registered trademark, and bank details.

Just a click to register : 

➥ Here

Pros & Cons to sell at Flipkart

Pros
  • It provides a huge market with lots of potential buyers. Numerically they provide services to over 32,000 of pin codes across the country,
  • Keep customers attracted by offering lots of attractive coupons for discounts. 
Cons
  • The marketplace do pick-up the return packages from customers if the order value was less than Rs. 300. 
  • Most of the order’s status gets closed as RMA, making more loss than profit.
Let’s grow together!

If you are confused among the list of best, we would advise you to go for all of them!

Just check criteria and if you feel your product is worth selling there, register for it now. 

So, Here is a chance for you to work with more than a single marketplace and reach thousands of buyers. 

All you have to do is register and leave all your back-office operations to us. – eVanik

Importance of Packaging in Ecommerce

Importance of Packaging in Ecommerce

There has been a shift in the packaging of goods in recent times with ecommerce businesses around the world taking care to improve their packaging and labelling to not only ensure the safe delivery of a product but also for the promotion of one’s brand. When a customer receives an order in a good state, there are greater chances of a customer placing more orders in the future, thereby leading to increased growth in one’s business.

Following are the Importance of Packaging and the ways it can enhance e-commerce businesses:

  1. Helps in Reducing Company Costs

    Good packaging helps to reduce a company’s costs significantly as it ensures that a product does not get damaged during shipping, thereby reducing the chances of customers sending the product back and having to incur extra costs for reshipping the returned product. By investing in packaging, one can avoid such extra costs.

  2. Helps to Build a Good Relationship with Customers

    If a product is well-packaged, it has a lasting impression on a customer and can increase customer loyalty as well as customer retention. It also creates a good impression on of your brand on customers and helps in customer retention.

  3. Creates Brand Identity and promotes Brand Value

    Proper packaging further helps to create a strong brand identity. High-quality printing, use of good packaging material, distinctive design helps in engaging users thereby differentiating one’s brand from others. Good ecommerce packaging has a great impact on the success of one’s business. It minimizes the volume of returns and foster customer loyalty, and establishes in building brand value. Packaging is as important as branding. Packaging is an extension of one’s brand and plays a major role in conveying the nature of one’s business as well as what the products are about, and the feeling it generates. Packaging should match the brand value, proposition as well as position in the market.

  4. Increase in Interest / Retention

    Good packaging enhances customer lifetime value. In addition, proper packaging benefits one’s business through word of mouth and leads to customer retention.

  5. Order Values

    The size of the box to ship packaged goods can also make a big difference to the shipping costs of a retailer, in particular with the introduction of volumetric and pricing that are in proportion to shipping charges. It is therefore important that a retailer has appropriately sized boxes for their order, combined with a sensible unit price for one’s packaging.

  6. Slow Shipping

    Slow shipping time often discourages customers. While a reliable courier makes a big difference, what people forget is that picking as well as packing of an order also takes time. If an order is picked and packed quickly and efficiently then it gives one a fighting chance of offering next or even same day delivery options. Slow delivery times often puts off ecommerce customers and hence it is important to ensure that one’s packaging does not affect this.

  7. Customer Loyalty

    Custom packaging drives loyalty among people. Over half of people who have received custom packaging are likely to purchase products from the same company for future orders. That itself is a huge impetus to considering good custom ecommerce packaging. Custom packaging is cheaper to send, protects the contents better by eliminating movement during transit, and is better for the environment as it would include using less material in addition to eliminating secondary packaging and its requisite costs such as foam pellets, polystyrene etc.
    It would also give retailers a chance to drive loyalty, increase visibility of your brand and delight your customers by providing them with a great shopping experience. Custom, and even personalized ecommerce packaging helps in driving loyalty among customers and helps in retaining them.

The importance of packaging in ecommerce

The importance of packaging in ecommerce cannot be overlooked. It is extremely important, especially as a marketing tactic as one’s ecommerce packaging has the potential to build brand value and brand image, increase sales, improve customer loyalty as well as help to position one’s business where retailers hope to be in the market. A combination of all these factors will have a significant impact on the success of the business of an ecommerce seller and his or her profitability.

Product Listing on Amazon India

Product Listing on Amazon India

What is Product Listing?

To start selling your product on Amazon.in you first need to list it on Amazon.in. You can provide your product information such as the product category, brand name, product features and specifications, product images, and price. All these details are available to your customer to help them purchase your product. See the image below:

There are 2 ways of listing a product on Amazon.in:

  1. In case the product is already available on Amazon, you can add your offer by matching or scanning the product barcode or ISBN using the Amazon Seller Central App.
  2. In case the product is not available on Amazon, you can create a new listing by uploading product images and adding the required details.
Adding a new offer on existing listings

In case the product is already listed on Amazon, there are just 2 simple steps that you need to follow to add your offer:

  • Add the price at which you want to sell the same product
  • Add the number of units/quantities that you want to sell

The combination of product and listing information is referred to as “item information” or “inventory information.”

Creating a new product listing page

If the product that you want to sell on Amazon is not available for sale, then you need to create a new listing.

The following are the details required for new product listing on Amazon:

Product Title

Talk about what the product is. A maximum of 200 characters is allowed in the product title. Remember to include the Brand/Manufacturer name right at the beginning of the Product Title. If you’re selling a product that’s never been sold before on Amazon, then you need something called product ID. It’s a unique identifier for commercial products. UPC barcodes, EAN are all variations of Global Trade Item Numbers or GTINs.

Images

Amazon has provided the image guidelines. To improve your listing quality, the image resolution should be in the range of 500×500 pixels to 1000×1000 pixels. The ideal size is 700×700 pixels. Ensure that the images are of high quality. Try to capture the product images from different angles. Lifestyle images should be portrayed in different use case scenarios. Highlight the product USPs in the images, focus more. Try to use infographics to differentiate the uniqueness of your product from others.

Variations

Variations are the options available in the product that may include color, size, etc.

Bullet Points

Bullet points are essentially short descriptive sentences that highlight the features and benefits of the product to the buyer. Ideally, there should be 5 bullet points for the product.

Feature offer (“Buy Box”)

This is the detail that triggers the “add to cart” or “buy now” from the buyer. This essentially means the price at which you would like to sell and any other offer that you would like to promote.

Other Offers

The same product is sold by other sellers who have offered different prices or shipping options.

Description

This is the section where you need to provide a detailed overview of the product. The description section should contain all important keywords (what buyers are searching) so that the product gets searched and discovered easily. Keywords are one of the most important factors that increases your chances of being visible to potential buyers. Research the right keywords for your product listing based on CPC (Cost per Click), search volume, relevancy, and other parameters.

The first one is search terms which are usually referred to as backend keywords. If you have any synonyms or any other keywords that you’d like to put into your listing, you can add those search terms there.

You will also need to take category approval and will need to provide some additional documents or information for some categories. These categories are called gated categories, as per the list below:

  • Automotive and Safety Accessories
  • Baby Products
  • Food & Grocery products
  • Health, Hygiene & Medicine
  • Kitchen Products
  • Pet Products
  • Protected Brands
  • Toys

In case you need help with listing, The Amazon Service Provider Network (SPN) also helps in getting support from professional third-party service providers such as eVanik Networks who have a lot of experience to help you with the same.

Best Practices to get higher search and more sales on Amazon

While adding new products on Amazon is a simple task, it’s more important to continually improve on the Product Listing Quality. Here is the list of ongoing best practices that you must adopt to get the best out of Amazon.

  • Use Original Images: Copied images from the internet is a bad idea. You must hire a professional photographer to get your product shot.
  • Content Optimization: Listing of a product on Amazon should never be considered complete. You must keep improving the content and optimize it to improve the search and visibility.
  • Measure Performance: Keep measuring the performance by altering the elements of the listing periodically. BSR (Best Seller Ranking) is one simple metric to help you understand the listing performance.
  • Offers: Amazon provides a host of promotional event options such as coupons, lightning deals, etc. Make maximum utilization of such events to help rank your products better on Amazon.
  • Related Products: Amazon provides the option of adding related (existing) products to your product listing page on Seller Central. Linking your products to other products is a good tool to provide overall visibility of all your products.
  • Category Selection: If you feel like your category might qualify for two different categories, then the wisest thing to do would be to look at where the existing sellers are listed and look at their corresponding daily sales and revenue whatever category is making the most amount of sales.
Amazon product listing Restrictions

The following should be avoided when listing products on Amazon.

  • Don’t use terms like best, free, buy one get one or subjective terms like cute, cool, etc.,
  • Stay away from trademark words & Amazon words like special amazon deals.
  • Don’t do keyword stuffing because neither amazon, nor the buyers like it
  • The incomplete listing will be suppressed, fill out all the information required.
  • Don’t use time-sensitive information, like the best product of the year.
  • Don’t put shipping details on the description, like free shipping or the shipping duration.

Types of Ecommerce Business Models | Seller’s Perspectives

Types of Ecommerce Business Models | Seller’s Perspectives

What is eCommerce?

The process of buying and selling products and services, online by transferring data and money through an electronic medium (internet) is known as eCommerce (also called electronic commerce). The various types of business which deal with eCommerce are called eCommerce Business Models.

The eCommerce market is expected to grow at a phenomenal rate and reach US$ 200 Billion by the year 2026. India is witnessing the sunrise phase of eCommerce and there is ever-growing participation from large brands, manufacturers, small and medium enterprises, traders, and service providers, alike.

The beauty of eCommerce is that it is relatively simple to join in on the action. There are hundreds of platforms and resources that are available to support new sellers as they enter the eCommerce space. Many businesses with brick-and-mortar shops have transitioned to online selling since it is much more affordable. This became even more prevalent during COVID-related lockdowns since it was safer for both shoppers and the people who work in stores.

The opportunity of eCommerce is providing enough air to breathe to everyone, hence it is important to understand this opportunity by looking at the various business models that eCommerce has to offer. Moreover, in this article, we will look at this from a Seller's perspective so that potential sellers can understand the ways to capitalize on the eCommerce opportunity in India.

eCommerce Business models can be segmented on the basis of the type of buyer and seller. Broadly, a buyer and seller can be classified into:

  • Business – A seller or a buyer who sells or buys products and services for his business or organization's use.
  • Consumer – A seller or a buyer who sells or buys products and services for his personal use.

From the above bifurcation, it becomes easier to understand the various business models of eCommerce:

B2C Ecommerce

B2C (also known as Business to Consumer eCommerce) is the most popular form of eCommerce. In this model, a business or a company sells products or services directly to the end customer. Typically, in this model, there would be single-tier pricing for all customers. There would be dedicated departments for customer service, logistics, etc. The website and marketing events get built to attract customers especially first-time buyers.  The checkout process is extremely streamlined to avoid abandoned carts and dropouts. B2C websites need to have a compelling website structure, offers and promotions, and landing pages. Popular B2C eCommerce Models include AmazonFlipkartMesho, and Myntra.

B2B Ecommerce

B2B (also known as Business to Business eCommerce) is the model where one business entity provides products or services to another business entity. There could be multiple-tier pricing and volume discounts to different business customers on a case-to-case basis. Most B2B eCommerce companies would deploy dedicated account managers for their customers.  B2B customers would be repeat customers. The website would be more like an account dashboard for the customer. The checkout process will have more steps than a B2C eCommerce website because customers may want to exercise different payment options including bank/wire transfers or cheque payments.

C2B Ecommerce

C2B (also known as Consumer to Business eCommerce) is just the opposite of B2C eCommerce and is very niche and typical. In this model, individual customers deliver value to businesses that include referral programs, paid testimonials, or data sharing. A C2B model is also known as a reverse auction model or a demand collection model that enables buyers to name or demand their own price, which is mostly binding for a specific good or service. In the consumer to the business model, the roles involved in the transaction must be established and the consumer must offer something of value to the business.

C2C Ecommerce

C2C (also known as Consumer to Consumer eCommerce) is a model where one individual customer sells a product or a service to another individual customer. To understand this in offline parlance, a newspaper classified advertisement or an auction is an example of C2C eCommerce. Companies like OLX offer a platform to sell products from one consumer to another. Other online companies like Craigslist, Etsy, and eBay also enable C2C eCommerce. Companies like Amazon provide both options of B2C and C2C eCommerce.

D2C Ecommerce

D2C (also known as Direct to Consumer eCommerce) is when the manufacturer/producer sells their products or services directly to the consumer on their own website. As per research, over 50% of customers prefer to buy directly from the brand/manufacturer instead of going to other eCommerce marketplace or third-party shopping sites. Dell is one great example of D2C eCommerce where the brand Dell allows individual customers to customize and purchase computers and peripherals from their own website. One of the biggest benefits of D2C eCommerce is that it cuts the costs of “middlemen” and helps the manufacturer retain better margins and/or offers better price/value to the consumer. The manufacturer/brand also gets full control of the activities on their website or platform. They get important consumer insights that help them to plan for better future selling and marketing strategies.

Subscription Ecommerce

Subscription (also known as SaaS eCommerce) is an online business model that allows businesses and customers to buy products and services they need on a recurring basis. The biggest benefit of this eCommerce model for the sellers/brands/manufacturers is that it increases the customer LTV (Lifetime Value). One of the best examples of subscription eCommerce is Dollar Shave Club. This company delivers personal grooming high-end products to its customers on flexible subscription plans. Most cloud-based software companies like eVanik Networks deliver software through subscription eCommerce. Digital content companies also use subscription eCommerce to pass maximum value to it's consumers.

Types of eCommerce Fulfillment Modes

With the evolution of the marketplaces driving a large part of eCommerce in India, the modes of fulfillment have also evolved. Traditionally, eCommerce businesses adopted the Dropshipping method of order fulfillment. But not there are more options to ensure a superior service delivery experience, reduced customer and courier returns, and savings on shipping costs. Currently, the most popular types of eCommerce fulfillment modes are:

  • Dropshipping
  • Marketplace Warehouse Fulfilment
  • Hybrid Model
  • Outright Sale and Purchase
Dropshipping

Dropshipping is the most popular type of fulfillment of online orders. In layman's terms, it's a model that involves retailers selling items for which they may not be holding inventory.  They purchase stocks from third-party distributors, manufacturers, or wholesalers and get them shipped directly to the customer. Automation and outsourcing make this business model a success. With dropshipping, you still build a branded online store. You also manage customer relations and customer support. Dropshippers manage all aspects of the business except fulfillment.

Marketplace Warehouse Fulfillment

Marketplace Warehouse Fulfillment was a model that evolved to enhance a better shopping experience for buyers. In this model, the eCommerce marketplaces such as Amazon and Flipkart transfer stocks directly from sellers into their own warehouses. The Amazon Market Warehouse Fulfillment model also called FBA (Fulfillment by Amazon) is a model where Amazon brings in the inventory of the sellers to their own FC's (Fulfillment Centers) and manages the entire supply chain operational events including picking, packing, shipping, customer service, and managing returns. Amazon promises the following key benefits to its sellers who migrate to the FBA Model:

  1. Prime and FBA Logo for the listings on Day1 – Higher visibility and more sales
  2. Lower weight handling fee
  3. Buy Box eligibility
  4. Sellers who are in the FBA mode can do advertising and run sponsored advertisements.
  5. Lower closing fees for products selling more than Rs. 500/-
  6. Packing material charges and Packing fees are free
  7. Guaranteed delivery to the customer.

Flipkart also offers a similar marketplace fulfillment model known as Flipkart Advantage.

The one major disadvantage of a warehouse fulfillment model is that it involves a higher capital investment from the seller's side as they need to purchase physical inventory for every FC (Fulfillment Center) or Warehouse where they would like to send their inventory.

Hybrid Model

Over the past few years, a new fulfillment model has evolved that is a combination of Dropshipping and Warehouse Fulfillment. This hybrid model, also known as Seller Flex in the case of Amazon and Flipkart Lite or Flipkart Smart in the case of Flipkart has brought the best sides of dropshipping and warehouse fulfillment together.

In this model, a seller needs to provide a dedicated physical space at his own office or warehouse for the specific marketplace only. The inventory in this space also needs to be committed to that particular marketplace. The entire business process and systems are however defined and governed by the respective marketplace.

The advantages of these hybrid fulfillment models are:

  1. There is no dependency on the availability of FC (Fulfillment Centers) appointments/slots or space availability.
  2. No missing/damaged inventory discrepancies in inbound shipments as inbounding are done by the seller’s own manpower and in their own premises.
  3. Removal orders can be instantly processed unlike the longer period taken in the marketplace warehouse for them to reach the seller.
  4. Returns can be processed immediately. Thus, disposal of damaged goods/ inbounding of sellable goods can be done much faster.
  5. Claims can be raised immediately and reimbursements are received in a much shorter time.
  6. Refilling stocks at low inventory count/out-of-stock scenarios is much easier and faster.
  7. Similar visibility benefits like Prime logo, in case of Amazon and FA (Flipkart Advantage) logo in case of Flipkart.
Outright Sale and Purchase

Many eCommerce Marketplaces have appointed large third-party trading companies who procure stocks from brands and sellers through simple trading transactions. This is known as the Outright Sale and Purchase fulfillment model. Examples of such companies are Cloudtail and Appario Retail.  These companies have huge financial and operational bandwidth to sell lacs of products across marketplace platforms.

The benefits of the Outright Sale and Purchase model are:

  1. Sellers and Brands do not have to worry about the various commissions and fee deductions on every sale.
  2. Sellers and Brands can sell a large inventory in bulk instead of shipping orders one by one
  3. Accounting and Reconciliation is much simpler in this model
  4. Higher visibility of products
  5. Detailed reports are provided by such companies to Sellers and Brands.

Payments and Deductions Reconciliation on Amazon India Marketplace

Payments and Deductions Reconciliation on Amazon India Marketplace

Amazon India is one of the largest eCommerce marketplaces Globally and now also in India. Amazon provides a platform to bring buyers and sellers together. Sellers can register on Amazon and can start selling on Amazon in simple steps through Amazon Seller India.

Once Sellers lists their products on Amazon, they will start getting orders from the buyers. Amazon collects payments directly from buyers and settles them periodically as per a predefined Payment Cycle.
Amazon also deducts various types of commissions, fees, and charges from sellers known as amazon commision rates to manage the various costs like shipping costs, payment costs, packing and storage costs etc.

A simple example to illustrate this is below:

  • A seller sells a pair of shoes worth Rs. 500/-
  • Amazon levies the following costs on the sale: 12% commission (Marketplace Fee), Rs. 50/- as shipping costs, Rs. 20/- as Fixed Fee, Rs. 15/- as packaging charges. Alongside, Amazon also deducts a TCS (Tax Collected at Source) of 1% on the selling price (excluding GST)
  • Let’s total this up: 60 + 50 + 20 +15 + 5 = Rs. 150/-
  • Hence, Amazon will settle an amount of Rs. (500-150) = Rs. 350/- to the Sellers Bank Account.

However, payments are not settled for individual orders. They are cumulatively settled for orders fulfilled over a period of time. This is known as a Payment Cycle. Payment cycles may vary from time to time. An example of a payment cycle is:

  • Orders from 1st to 10th of a calendar month => Settlement on 15th of the same month
  • Orders from 11th to 20th of a calendar month => Settlement on 25th of the same month
  • Orders from 21st to 30th or 31st of a calendar month => Settlement on 5th of the next month
Why is it important to organize the reports by month?

eVanik Reco Plus syncs your Amazon data reports and sorts them as per the preset algorithms into different smaller tables, helping to prevent skews in your sale numbers.

By working through these tables, it matches the low-level transaction amounts to what Amazon considers high-level transaction categories in their settlement report.

Our general advice is not to necessarily use the same grouping that Amazon does in your financial reports.

However, it is also important to note that Amazon also deducts the value of Customer Returns or Courier Returns from the overall Delivered/Shipped Orders when making the payment. Since, few of the returns are in transit and therefore, the status is not available, Amazon will hold back a calculated amount to cover the forthcoming returns. This amount is called the “Reserve Amount”. When making the settlement as per the Payment Cycle, Amazon also deducts the reserve amount which gets subsequently settled in the next payment cycle on receipt of the returns that were earlier in transit.

Amazon also provides the facility of advertising to sellers. Sellers can choose to promote their products on the Amazon platform by opting in for promotional events such as:

  • Lightning Deals
  • Coupons
  • Sponsored Ads

For events such as the above, there are additional fees and charges. At the time of making the payments against the net delivered orders to the sellers, Amazon also deducts the charges against these events.

Best Reconciliation Practice:

eVanik’s learnings from over 13,000 Sellers since 2016 has helped us in defining the best recommendations for reconciliation of your Amazon Marketplace Account: Here’s a summary of how one must do a basic payments reconciliation for Amazon Business:

  1. Sign in to your Seller Central Account.
  2. Download your MTR (Merchant Tax Report), Date Range Settlement Report for the period that you would want to do the reconciliation. It’s advisable to add 15 days in the Date Range Settlement Report when doing the reconciliation match
  3. Match line by line item on the MTR report with the Settlement Report. In accounting terms, this process is typically referred to as matching account receivable (A/R) (created at the time of fulfillment), with undisbursed payment (in your seller payable account). When completed, all increases to accounts receivables (delivered orders or sales) will be matched to undisbursed payment in your seller payable account. This feature is known as Payment Reconciliation.
  4. When you identify any line item in the sales report that does not have a corresponding payment match, highlight that row with a noticeable color. There could be many reasons why that particular Order ID will be showing as unsettled, such as return in transit, order canceled, settlement in the next payment cycle, etc.

One must also note that spreadsheets have their own challenges, which may increase the gap in your reconciliation activity. Following are the challenges when using spreadsheets or manual systems in the reconciliation process:

  1. Dynamic nature of eCommerce business. Assume that your downloaded sheet has few orders today showing order status as delivered and we start reconciling as per that. However, the next day, few of those orders moved into returned or canceled status. Effectively, we would end up working on wrong data expecting to get the right results
  2. For sellers having huge order volumes, spreadsheets may take a long time to process the information especially if there are multiple sheets having formulae, etc.
  3. Reconciliation on spreadsheets cannot be on a real-time basis, as the commission/fee structure keeps varying from time to time.
Procedure To Reconcile Amazon Settlement Deposit

Here is the step-by-step procedure to get the reconciling done for the Amazon settlement deposits.

  • Step 1: Wait For The Settlement Deposit
    As stated above, Amazon pays the sellers every two weeks. So, wait for the settlement deposit, after which you can go ahead with the process of reconciling. Most of the suppliers or business owners integrate their bank accounts with the accounting system of Amazon to start the process right away.
  • Step 2: Get The Amazon Settlement Report
    Find the reports section under your seller dashboard and go to payments to view your settlement report. Select the report that you want to reconcile, then save the statement as a PDF.
  • Step 3: Determine The Gross Settlement Deposit
    Firstly you need to make sure that you have added all the accounts onto the accounting system of Amazon to continue with the reconciling process. You cannot continue with this process if you have not done it yet.
  • Step 4: Check The Income Statement
    After you have broken down the costs and income in the system, check on the income statement for the results. You can check your income statement in Xero. Check for the right format along with the placement of amounts appropriately.

These are the steps that you need to follow for reconciling Amazon Seller payments. You need to understand the process well as for big businesses that involve a lot of sales, deposits, or expenses, the process becomes a bit complex. So, get well versed and implement the steps accordingly.

Look for the deposited amount information in Zero and click on Add Details. After this, you can start to enter the accounts along with the respective amounts. While doing this, you need to make sure that the total amount equals your net deposit. The main aim of the sellers here must be to add the revenue amounts to the related costs for making the total amount equal to the net deposited amount. Once you are done with that, you can save the transaction.

Hence, it is important to have an automated tool that keeps updating your Amazon reconciliation data on a real-time basis and provides you with instant Amazon reconciliation reports that can also be filed for claiming the gaps from Amazon.

eVanik, as an Amazon Reconciliation Tool provides 14 plus R2R (Ready to Reconcile) reports

Alongside there is also an amazon reconciliation dashboard that summarizes periodic payment reconciliation reports, cash flow statements, and lots more.

eCommerce Integrated Software|| Impact On Warehouse Management

eCommerce Integrated Software|| Impact On Warehouse Management

A business has a lot of steps to follow when it comes to booking maintenance. Every seller prioritizes the data handling of their company very efficiently. That appeals to a need for centralized control of data transparently and accurately.

There was a time when businesses used to carry out all the finance-related activities manually. It is proven that manual work can not guarantee accuracy. In addition, the manual working process takes a lot of time and effort. It even gets worse when high cost also gets involved in it. Because of this, modernization has given a fast solution to it. Nowadays, businesses choose to keep their record through integrated accounting software. As finance is the backbone of every business, an owner must be sure about the new technique used in the current scenario. But then, how can these activities be performed at a rapid speed with minimum or no number of errors?

The challenges a company comes across for its accounting have given rise to a new technique that grants sellers a better experience and effective results. To grow big and focus on objectives, one must gets enough time and concentration from the rest of the business activities. And now that the invention of “Integrated Accounting Software” has come with its excellent quality for all the companies working in the market, it is quite easy.

eVanik, a new era smart software that understands the problems of companies and has all the solutions, is a leading integrated software that is helping out numerous companies in India with amazing performance.

But before we jump on the advantages of Integrated Accounting Software, let us know what exactly it means.

Importance of Integrated Software on eCommerce Warehouse Mnagement

Integrated accounting software is a solution to all the traditional financial and accounting problems of businesses. In this, a single application can take over all the responsibilities right from reconciliation in payments, tally integration system stock management, inventory management, omnichannel order process, tracking product performance, auto pricing, and so on. In a rapid culture, everything needs to be as quick and accurate as it could be. This eventually has emerged to the existence of software that can provide you with instant calculations on a real-time basis. Companies that deal with issues like inaccurate reconciliation, unsatisfied tally integration, and the number of accounting books need to switch from traditional methods to a modern package.

For a better understanding, an integrated accounting software gives you a wholesome report of reconciliation accounting system, tally integration system, order processing, paid or unpaid data, market trends and competitions, fee charges, return rates, and a lot more in just one click. Isn’t that amazing? But do you know how eVanik makes itself the best business management software offering some exclusive and over-the-top services for all the sellers working in an eCommerce store?

eVanik has a single cloud-based space that allows the seller to have a combined report of its accounting and financial ERPs. Keeping a record of the daily transactions of a business is not fun, but with eVanik many sellers have experienced a full proof data handling experience at their fingertip.

How Does An Integrated Accounting Software Works?

Let us consider all the accounting activities which are required to be taken into account like reconciliation integration solution, tally integrated system, order processing, and management, tracking inventory, inventory management, return rates, profitability calculating, tracking product’s performance, and so on. All these need a lot of time and patience to calculate. But eVanik integration accounting software has a solo center from where all these activities are performed and tracked on a real-time basis emphasizing to make these data errorless and remarkable. Integrating all the finance and accounting-related information is difficult. But technology has a solution to everything.

Say Yes To Smart Work

While everything and anything is changing frequently with time, business patterns have also been changed. With integrated accounting software, it becomes easy to find each required detail of your finance and accounting management. Manual working is now obsolete. Digital businesses handle things with ease. Any business should focus on fewer investments and grabbing more profit from the same. For this, a cloud-based single platform architecture will enhance the growth of profit as you will be concentrating more on your base activities. Hence, a seller should follow the trend of not only working hard but working smart as well.

Centralized Control Of Warehouse

When there is a mechanism to manage your godowns, enlisting your products and selling information, nothing can be more exciting than this. As eVanik has a single platform that looks after how many products are being brought in the warehouse and how much of it would be released at that given time. Also, it ensures tracking the products available in the warehouse and their related issues as well. There can be choices a marketer would make, but the best deals come when you are ready to improve.

Clear Picture of Business Performance

With integrated accounting software, a seller can have a clear idea of where his|her company is positioned in the eCommerce wide market space. Many dealers do not understand and evaluate the proper mechanism of their business because of which they end up losing great opportunities to grow. Therefore, having a smart assistant who could handle your stress on your behalf is not a bad idea. This would not only give aggregative and detailed information about your finance and accounts but also helps you in tasks like profitability calculating system, inventory management, omnichannel order management, etc.

Consistent and Regular flow of Stock Management System

Warehouse management has to be easy enough to make order processing easy. When a seller would know an accurate stock management system and solutions, they can’t focus on a better end product to serve their customers. Here, integrated software helps a company to have consistent and regular updates of stock bought and sold to the customers. Daily, it creates a better situation for the company to process its mechanism.

There is no doubt about investing in integrated accounting software for your company because not one but much daily-based business management would be performed easily. But anything you adapt to new takes a little time for learning. In Conclusion, it would be the best choice for any scale (small, medium, large) companies must subscribe to effective solutions for their eCommerce problems and one such assistance is eVanik.