For any mid-to-large sized enterprise, seamless, error-free and industry compliant accounting is necessary to fulfil its growth potential. There is a need for smooth cash flow management and accelerated revenue cycles, with proper visibility provided to decision markers at each step to bring efficiencies.
Iksula has extensive experience in managing end-to-end eCommerce operations of enterprise brands and retailers, including Finance & Accounting operations. Our F&A solutions span the entire eCommerce value chain – Procure to Pay, Order to Cash and Record to Report. Our trained teams use proprietary Accounting tools, BI dashboards and workflows designed specifically in eCommerce F&A.
- Accounts Payable – A robust Accounts Payable process helps in making cost-effective payments that are efficient and accurate, resulting in low cost of operations. Iksula understands that as a business scales geographically or in terms of volume, automating the Accounts Payable process becomes pivotal for your success. This improves vendor relations, increasing your visibility and control throughout the supply chain. Our accounts payable solutions are designed to save cost leakages by improving invoice match rates and increasing invoice volume throughout.
- Contract Management – Through a multi-disciplinary approach, we help empower legal departments to do more with their time while minimising internal process compliance, regulatory and business risk. We understand why organisations lose out on a lot of time and resources in looking up and referencing contracts. Iksula enables easy referencing to abstracted key contract information to save cost leakages due to non-optimal alignment and coordination in the contract maintenance process.
- Reconciliation – Iksula offers end-to-end payment reconciliation for the marketplace and captive website transactions. We enable mandatory management procedure to secure the accounts, exposure to irregularities or any discrepancies in identifying the payment leakages such as commission mismatch or undelivered returns, raise disputes with channels for recovery and provide order level tax, channel charge and collected payment data for ERP accounting.