DimeTyd, headquartered in Dallas, Texas, has announced the launch of its newly created “advanced accounting and reconciliation platform for vendors on Amazon.”
It was designed to help Amazon vendors identify and resolve costly over-billings and deductions due to Amazon accounting errors.
The platform audits up to five years of lost revenue and works through millions of data points to recover funds for sellers. After the audit and reconciliation, DimeTyd adjusts persistent issues, allowing sellers to maximize their future profitability in the marketplace.
According to a press release, Amazon sellers are regularly subject to over 100 different categories of overcharges and deductions that can account for millions of transactions and data points over time, year after year.
DimeTyd’s platform identifies, tracks, and resolves costly overcharges and deductions within Vendor Central e-commerce, including identifying claims errors, duplicate billing, and over 100 potential billing categories.
The company claims the platform has a recovery rate of up to 93% of profit leakage based on Amazon accounting errors over multiple years of transactions.
The DimeTyd platform requires no upfront costs and is available on a percentage of funds recovered pricing plan.
DimeTyd’s president and founder, Rohan Thrambrahalli, explained, “The reality is that most vendors selling to Amazon do not have the in-house capacity or advanced technology necessary to accurately process the volumes of complex data produced within ongoing transactions. As a result, they are losing profits.”
Thrambrahlli continued, “Our platform is frictionless, automated, and eliminates human errors to provide profitability back to the vendor and correct issues going forward. The DimeTyd solution minimizes profit leakage and empowers vendors to have oversight and control over their Vendor Central accounting. It’s a game-changer for vendors.”
Learn more about DimeTyd solutions for Amazon Vendors here.