Your Financial Team Can Leverage Data Automation to Expose Opportunities For Your Amazon Business

Name: Your Financial Team Can Leverage Data Automation to Expose Opportunities For Your Amazon Business
Uploaded: 2023-04-04T16:30:01+00:00
Duration: 44 s
Channel: Andrew Hamada
Description: Short transcript of a conversation (Andrew Hamada and another speaker) explaining how accounting/financial teams can benefit from automating Amazon data…

4 Apr 2023 · 1 min

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Short transcript of a conversation (Andrew Hamada and another speaker) explaining how accounting/financial teams can benefit from automating Amazon data retrieval (vendor central invoices, payments, remittance). Without automation these teams perform infrequent, manual, error-prone quarterly/yearly downloads and reconciliations and often fail to engage until prompted by consultants or agencies. Automation can surface opportunities and reduce back-office burden.

There are actually quite a.
Few departments in your company that.
Might have interest.
Or need in Amazon data. Most common one is your accounting or your financial departments.
A lot of companies, after they're done automating, sales.
Traffic, inventory, advertising, stop there.
And leave a lot of opportunity on.
The table to save their back office.
What those teams are doing without automation is once a quarter, maybe once a year, they're going to log into vendor.
Central, go.
Navigate to the co op.
Invoices, payments and remittance section.
And download every single thing. They're going to try to aggregate and validate all of those things with each.
Other so that they align.
That process is extremely time.
Consuming and error prone.
It requires a level.
Of access that most financial teams don't have.
So for a lot of companies, they.
Just don't engage with this at all.
Or until they work with a consultant.
Or an agency who points out this opportunity exists, suddenly they care a lot.
Recent automation can provide the data at.
Scale, organized and ready to be connected in a way that that analyst or consultant will want to see in order to create reporting that exposes opportunities.