Amazon Marketplace is a platform operated by Amazon that allows third-party sellers to offer their products alongside Amazon's own products. It's an online marketplace where independent sellers can sell their products directly to Amazon customers. Amazon Marketplace has become a popular option for many sellers, as it provides access to Amazon's large customer base and can be an effective way to grow their businesses.
NetSuite ERP is a cloud-based suite of applications for managing accounting, order processing, inventory management, production, supply chain and warehouse operations, NetSuite ERP gives companies clear visibility into their data and tighter control over their businesses.
Also referred to as cash application, it’s the process of matching customer orders and refunds to a payment, and ultimately to a payout in the bank account. This ensures that the data used to book key ﬁnancial metrics can be accurately traced to a cash conclusion.
Use Blue Onion with NetSuite to eliminate the manual and time-consuming process of matching each order to a payout and recording payment processor fees. Blue Onion leverages proprietary algorithms to automatically match each sale transaction to a bank payout. Blue Onion connects to the source data for your orders and payments, which allows us to independently verify your NetSuite order data and identify discrepancies or missing transactions.
Blue Onion verifies the order dataset in NetSuite and identifies discrepancies for easy investigation. Blue Onion connects to the order and payment source data, which uniquely allows us to run a reconciliation between your NetSuite orders and the already reconciled Blue Onion data.
Automatically match each NetSuite sales transaction to a payment in the payment processor, and ultimately to a payout in the bank acccount. Blue Onion algorithmically reconciles each originating order and cash sale to its corresponding payment transaction and fees.
Blue Onion clears out the holding account with transaction-level payment data. In the bank account detail, you’ll now be able to see account transactions that match to cash settlements in the bank account. Run the reconciliation rules within NetSuite and the settlements are automatically matched and ready for your review.
Easily map payments, orders, transaction and payout fees to your custom chart of accounts.
What information will Blue Onion be able to provide me?
Blue Onion matches each order to a payment and to a payout in the bank account. The software creates an audit trail from point of sale through to the bank account, including payment processing fees, refunds, and chargebacks.
Does Blue Onion connect with other tech stacks related to our workﬂow?
Blue Onion offers over 25 connections with popular order systems, payment processors, and return and gift card services.