Customer story · Lifestyle & apparel

From Excel to one click.

A lifestyle brand selling on every major marketplace, and a finance team verifying each payout by hand in a spreadsheet. Then their warehousing partner made a recommendation.

Swiss MilitarySwiss Military India · Gurugram
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Name, Role — Company
85%
Faster reconciliation
99.99%
Reconciliation accuracy
10×
Order volume
85%
Faster financial reconciliation
99.99%
Reconciliation accuracyup to, within months
10×
Order volumeover four years
1 click
To sync a marketplace payout
Days
To verify a bulk Amazon payoutnot weeks
2018
On EasyEcom since
About the brand

Affordable luxury, with a spreadsheet problem.

Swiss Military is a direct-to-consumer lifestyle brand built on affordable luxury: travel gear, home appliances and menswear, sold across the major Indian marketplaces and its own site. It ships from warehouses in Delhi and Mumbai, chaired by Ashok Sawhney with the menswear line run by his son Anuj. The front of the business was growing quickly. The finance function behind it was still doing its arithmetic by hand.

TravelAppliancesMenswear
The challenge

Every payout, verified by hand.

When Swiss Military went online in 2015, invoicing, reconciliation and adjustments were all manual. The omnichannel platform in use had no serious reconciliation feature, so the finance team was left to check marketplace payouts one order at a time.

01

Order-by-order verification

The finance team waited on reports from sales, then checked each transaction individually against what the marketplace had actually paid.

02

Excel as the system of record

Marketplace deductions, shipping and carrier bills and customer payments were cross-checked in spreadsheets, by people, every single cycle.

03

Errors and leakage

Manual entry risked recording the wrong figure, and the team knew transactions were slipping through the cracks without anyone noticing.

04

No reconciliation in the old platform

The previous solution offered nothing sturdy for payments reconciliation, so the only way to close the gap was more hours.

The solution

One click from payout to ledger.

Swiss Military moved to EasyEcom in 2018 on the recommendation of its warehousing partner, specifically for return and payment reconciliation that works across marketplaces. The result is a closed loop: the marketplaces pay, EasyEcom matches, Tally records.

Marketplaces — the money comes in
EasyEcom — the reconciliation engine
Tally — the books close
Step 01 · Marketplaces

Payout lands in the bank

Amazon, Flipkart, Paytm, Fynd or Magicpin pays out and the amount lands in the company bank account, exactly as it always did. Nothing about the marketplaces had to change.

Channels: Amazon · Flipkart · Paytm · Fynd · Magicpin
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The impact

What the finance team got back.

The outcomes Swiss Military's finance and eCommerce teams recorded after moving reconciliation and order management onto EasyEcom.

85%
Faster financial reconciliation
99.99%
Reconciliation accuracy, reached within months of going live
10×
Growth in order volume over four years
Days
To verify a bulk Amazon payout, counted from the moment of credit
Weeks
Of finance hours returned every month
0
Calls to middlemen to verify a marketplace deduction
8/10
The eCommerce team's own rating of warehousing, picking and packing
2018
On EasyEcom since, and still on it

I give it a 4 out of 5. The invoice and credit note sync works perfectly well. I no longer have to scan paperwork and get onto calls with different middlemen to verify marketplace deductions, overcharges and tracing the payment source and mode of cash infusions. Besides being reachable anytime I need them, EasyEcom's support team has been extremely hands-on in resolving any issues we've had in payment verifications.

Harshit Gupta · Deputy Finance Manager, Swiss Military

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