Fremont, CA: DimeTyd, an innovative logic-based online engine that provides Amazon suppliers with smooth profit leakage recovery and an end-to-end FinOps AR solution, launched Cash Application and Reconciliation Consultancy. The new feature, which is an extension of DimeTyd's platform, incorporates automation and Machine Learning (ML) to assist online product vendors in navigating Amazon's Marketplace, auditing invoices, and ensuring remittances are specifically applied to every ledger/sub-ledger in a timely basis and secure right AR positions with Amazon.
Using the new Cash Application and Reconciliation feature, vendors may track remittances by date, seeing which invoices were paid and how those payments should be applied. As a result, vendors may effectively fulfill Amazon's needs and procedures by uploading the data into their ERP, completing the transactional process, and meeting Amazon's demands and required processes.
Cash Application & Reconciliation uses sophisticated Robotic Process Automation (RPA), which culls data from 20 pages of line items, combines and indexes the data, and indexes the data for a faster assessment of accounting processes. Multiple transactions are classified into sub-ledgers using ML and then exported as needed. As the Cash Application & Reconciliation platforms learn, it becomes quicker, more efficient. It simplifies the entire process, improving the speed of executing a complete financial transaction from several hours, even days, to less than one hour.
"Keeping track of money transfers, correctly invoicing, and meeting stringent Amazon regulations are challenges online product vendors often struggle with," said Rohan Thambrahalli, president and founder of DimeTyd. Cash Application & Reconciliation Consultancy assists Amazon merchants in ensuring that all monies are awarded, and the Amazon account is reconciled on time with no leakages that might lead to financial misrepresentation.
