Unicommerce Launches UniReco

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Unicommerce, an Indian ecommerce enablement software-as-a-service (SaaS) platform, has announced the launch of its new product UniReco, which is designed to help brands and retailers automate the reconciliation of their payments and returns across multiple marketplaces. UniReco handles return payments by accounting for return logistics costs and any other expenses agreed upon between the seller and the marketplace.

Kapil Makhija, CEO of Unicommerce said, “UniReco is a significant step forward in our commitment to providing comprehensive post-purchase management solutions. Working with thousands of brands allows us to understand the challenges that businesses face in reconciling payments across various marketplaces, and UniReco addresses this specific need.”

Payments of return orders further complicate the process for the finance team of the sellers. UniReco comes equipped with intelligent features, including pre-calculation of channel fees, automatic payment reminders, tracking of order-wise settlement, and providing transactional reports at multiple levels.

UniReco allows brands & retailers to get a summary of each transaction, ensuring clear visibility of charges, disputed payments, and expected revenue. This feature ensures that brands & retailers have order-wise revenue visibility, which helps them contest any erroneous or incorrect charges and also get a better sense of unit profitability by understanding how different products are contributing to company revenue.