Financial Reconciliation – Modern Trade Retail

KGMC can help organisation to reconcile the account with MTR. We have experience in dealing with MTR be it centralised operation or decentralised operation.

financial-reconciliation-modern-trade-retail

We can help organisation to reconcile the account with modern trade. We have suitable experience in dealing with modern trade be it centralized operation or decentralized operation. We can discuss one time or regular assignment. In our experience, following are the general headers of reconciliation

Delay in recording of purchase by MTR
Sales return/disputed returns
Sale not backed by proper documentation
Improper credit limit
Sales returns not accounted by seller/Delay in recording of the same
Payment dispute –payment not accounted/ payment applied in other account in absence of complete information
Debit notes/credit notes not accounted
Promotional schemes disputes/Discounts not received
Rates differences – Masters not updated on time
Difference in payments terms agreed with MTR & policy of the organisation
Expired POs but material delivered
Centralized/decartelized operation for various MTRs
Financial/commercial issues on invoice

Why these reconciliation areas are in questions? Following may be the reasons

Verbal commitment by sales person against organisation policy
Defective invoice process
Proper supporting not attached with invoice
Delay in approval at both ends
Credit limit/period not properly defined
Promotional schemes not properly defined/communicated or miscommunicated

Depending upon the requirement of the organization, we can review their processes and suggest them best possible solution. We can also undertake regular reconciliation activities within a given timeframe.

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