# How Purplle achieved 7x faster payments reconciliation

## Company Overview

Purplle is an e-commerce platform that lists 1000+ beauty brands and 60,000+ personal care products. With 13 warehouses and exclusive stores in tier-2 and tier-3 cities, Purplle offers a mix of online and offline presence to consumers.

###### HQ  
Mumbai, India

###### Founded  
2011

###### Industry  
E-commerce (beauty/personal care)

###### Use Cases  
Accounts Receivables, Continuous Close

# The Challenge

- Settling Cash-on-delivery remittances from multiple logistics partners took 3-5 days post delivery
- Manually reconciling sales, inventory, bank and payment gateway statements was effort intensive and delayed book closure by 10-15 days
- Inventory mismatches due to 20-30% return rate complicated stock adjustments
- Team of 30+ involved in validations, reconciliations

## The Solution

- Automated, continuous data ingestion from payment gateways, banks, ERPs, and logistic partners
- COD settlements auto-matched against orders and bank credits
- Payment gateway settlements reconciled daily instead of at month-end
- Inventory movements reconciled systematically between WMS and GL
- Standardized and automated journal entries enabled continuous close

## The Outcome

- 5x faster visibility into COD cash position
- 7x faster payments reconciliation
- 50% faster month-end close
- 70% faster inventory reconciliation
- 80% reduction in manual journal entries
- 10x faster MIS reporting

## The Conclusion