Tag Archives: Financial

Teapplix: 10 Years Automating Operations for eBay and Amazon Sellers

From shipping orders and synchronizing inventory, to connecting sales channels with QuickBooks, Teapplix has back office automation nailed

Man running with laptop

With over ten years in the software business, Teapplix has carved out a unique position for themselves. They’ve made back office automation their focus. Teapplix helps sellers maximize the speed and accuracy of their shipping, inventory synchronization and accounting operations.

Back office operations may not be glamorous, but they are crucial to get right. Shipping has to be fast, inventory levels have to be up to date, and accounting has to be accurate. If you can do a great job of all those, you’ll please a lot of important people: customers, marketplaces and the tax authorities!

With a decade of continuous enhancements, Teapplix has reached a level of sophistication and reliability to meet the needs of most ecommerce businesses. Teapplix is used today by eBay and Amazon sellers handling from 10-20 orders per day to thousands of orders per day.

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Inventory Turnover Ratios for Ecommerce: Everything You Need To Know

Do you know your inventory turnover ratio? Here’s the simple formula to calculate your inventory turns, what it means and why it matters.

Busy warehouse

This post is by Chinh Nguyen, Co-founder and VP, Marketing and Revenue at Finale Inventory.

As an ecommerce business owner, customers all over the world can view and buy your products in an instant. This allows your inventory to move at a much faster pace than in brick-and-mortar stores.

When your inventory is managed well, it can lead to long-term success for your business, making your inventory turnover ratio an important topic to know and understand. There’s a lot you need to know about inventory turnover for ecommerce, and we’re here to answer all of your most pertinent questions.

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Payability Takes Off With Instant Advance and Multiple Marketplace Support

From faster payouts for Amazon sellers, to upfront growth capital and support for 15+ marketplaces, Payability is moving really fast this year.

If you ask any online seller about their goals, you’ll hear two things almost every time: they want to grow their sales and they want to sell on more marketplaces. The first goal is essential, more sales means more profit, and a more successful business. The second goal, selling through multiple channels, makes the business a lot less risky.

These goals may sound simple, but they aren’t easy to achieve. To grow, ecommerce businesses need cash. You can only sell more if you have the funds to buy stock in larger quantities and quickly take advantage of new growth opportunities. Likewise, diversifying across multiple marketplaces takes a lot of effort to set up on each platform, to build sales and to manage everything day-to-day.

It’s been a year since we last talked about Payability, and its innovative service to help Amazon sellers get their payouts daily, now known as Instant Access. Things have moved really quickly since then.

Payability has a new service called Instant Advance, which provides ecommerce sellers with a big cash injection quickly to help grow sales. It has also expanded beyond Amazon, and now supports 15 marketplaces and shopping carts in total. Clearly this is a business moving as fast as the online sellers it supports.

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FBA Fee Refunds: How to Get Reimbursed for Amazon’s Mistakes

You shouldn’t be paying for Amazon’s mistakes. Here’s how to check if you are paying more than you need to, and recover what you’re owed.

For Amazon sellers, FBA is hugely important. It lets you store your inventory in Amazon’s fulfillment centers while Amazon take care of shipping your orders and providing customer service. This streamlines your operation, making your business more streamlined and efficient. It also makes your products eligible for Prime, helping you grow sales.

Amazon are known for their industry-leading processes and sophisticated technology, so you are in good hands with FBA. But even Amazon make mistakes. With more than 2 billion marketplace items shipped through FBA per year, even a tiny percentage of errors really adds up. Those could be overcharging of FBA fees, lost inventory, incorrect customer refunds and more.

Amazon pick up some of those mistakes themselves, but others slip through the cracks. You could be owed money for issues that you know nothing about.

So how do you go about finding them and getting a refund? There are a number of methods, and we will cover them all here, including third-party services that automate the whole process for you.

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SellersFunding: The Algorithmic Loans Provider for Amazon Sellers

SellersFunding can make a preliminary loan offer, based just on your Amazon seller name. Here’s how their technology makes it possible.

If you’ve ever taken out a business loan from a bank, then you’ll know that the process is complex, and takes a long time to complete. There’s credit history checks, business plans to draw up, and even after all that effort, online sellers are often declined because the banks don’t understand their business model.

But now there is another way, thanks to the cutting-edge technology used by online lender SellersFunding. They understand online sellers, and offer features such as up to a 90-day grace period, which allows sellers to source, receive and start selling their products, before having to make repayments.

Better still, their algorithm can pre-approve your loan application in minutes, based on just your Amazon seller name. How is that possible?

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