If you’re looking to increase sales for your business across many marketplace channels, provide the best possible customer experience and streamline your eCommerce processes, this is the right solution for your company.
Marketplace Reconciliation for NetSuite is a custom solution for eCommerce businesses that need to reconcile Settlements with their associated transactions, add any outstanding fees, and associate them to the correct Gl account to fully pay and close the transactions. If you’re selling through multiple channels (like Amazon, Walmart, Shopify, Sears, eBay, Newegg, and Rakuten), those orders flow through NetSuite. A beneficial integration for any business.
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Benefits of a NetSuite eCommerce Integration
- Reconcile multiple marketplace channels (Amazon, Shopify, Walmart, etc) to maximize sales and grow your business.
- Automate lengthy processing at the end of the month (no more spreadsheets).
- Have a trace of the settlement file in NetSuite.
- Allows you to have Key Performance Indicators (KPIs) on metrics important for your business.
With this solution, you can:
- Automatically link settlement lines with transactions
- Update the transactions with reasonable fees
- And automatically create payments if necessary and link them to the transaction and settlement
- Speed up manual processes so you can focus on the 1% of the issues and determine what needs to change in the process to address those issues
- Use KPIs for marketplace accuracy and to handle marketplace settlement delays (how long it took to be settled)
When Should You Integrate NetSuite With Your eCommerce Platform?
During the month in most retail businesses that handle online (eCommerce) sales, it’s almost certain that you’re using one or many marketplace channels for your stock. If your business is on NetSuite, all those orders flow through your ERP system. Then, at the end of a given month, you receive a settlement file from your marketplace and need to reconcile this statement against your existing NetSuite transactions. Sound familiar so far?
Here are some of the common issues that arise at this point:
- There can be several discrepancies in the amounts due to extra fees (ex: FBA fees, gift-wrapping fees, etc).
- It can be difficult to process returns.
- Adjustments and transfers are not being handled, and this is typically a labor-intensive process.
Overall, it is tough to get an accurate value of costs until the marketplace sells the goods and provides you with actuals at the end of the month. You want to be able to track transactions from the customer order on the marketplace, all the way to the settled order in NetSuite
NetSuite Amazon Integration, Key Benefits
As one of the top eCommerce providers, Amazon offers solutions that drastically differentiate the platform from any other solution.
What are some of the benefits that set Amazon Web Store apart from its competitors?
- If you're an online retailer that uses Amazon Seller Central for your storefront and NetSuite ERP’s cloud platform for your financials, you don’t want to waste hours copying and pasting each order into NetSuite.
- Luckily, a simple set of integrations can automatically keep everything in sync while eliminating manual work.
- Our Amazon Web Store and NetSuite integration allows you to automatically map out the flow of data for products, inventory orders, fulfillment, payments, refunds, and cancellations, using a Boomi integration.
What Do You Get With an Amazon NetSuite Integration?
Our skilled Boomi integration experts automate the flow of information from Amazon Seller Central to NetSuite ERP to achieve:
Automated Order Management
Automatically share order information between your Amazon eCommerce platform and your NetSuite back-office system.
Decreased Order-to-Cash Time
Orders are processed quicker and more efficiently between your systems so your business can stop managing orders, and start making more sales.
Real-Time Inventory Counts
Get accurate, real-time inventory data across multiple warehouses to ensure you always know when inventory is low, items are sold out, or your stock has been replenished.
Quicker Reaction Time
With a 360-degree view of your inventory at all times, get the visibility you need to quickly react to dropped orders, low stock, or high-traffic sale periods.
How Does An Amazon and NetSuite Integration Work?
- Automatically map out the flow of data for products, inventory orders, fulfillment, payments, refunds, and cancellations.
- When you add or change a product in NetSuite, Boomi syncs any product information to Amazon Seller Central including:
- Inventory count
- Pricing Information
- Product images
- When you create a new order, the integration syncs customer, order, and item information such as:
- Item quantity
- Total order cost
- Customer payment method
- Tax information
- When the order ships, Amazon captures the payment from the customer, and the payment method is recorded in NetSuite.
- Should a customer require a return or refund, the return will be processed in Amazon and a credit memo will be created in the next week to complete the refund/ return.
How to Integrate eCommerce or Amazon With NetSuite
Our Marketplace Reconciliation solution for NetSuite automates the manual work of adding fees and taxes to transactions, creating cash refunds, reconciling against your bank, distributing taxes, and depositing funds.
Otherwise, our certified Boomi consulting services will help you master the eCommerce world.
- GURUS Solutions is a Certified Boomi Partner.
- 15+ years of Oracle NetSuite experience with over 2500 successful projects.
- A portfolio of e-commerce clients including, online-only sales, and both online and brick-and-mortar store hybrid retailers.
- Custom Boomi-compatible connector solutions across industries.
- Consultants across the U.S.A. and Canada, are ready to help at any time.