Practus’ enabled the digital reselling platform to process wallet balance refunds of more than 70k partners through payment gateways.
| Client Name | Industry | Ownership | Management | No. of Employees | Size | Project Duration |
| A Digital Reselling Platform | E-Commerce | Private, PE-Backed | Professional | ~70 | $10 million | 12 Months |
About The Company
SellSure is a digital resale platform. A SellSure reseller has access to a large inventory of digital services and physical products that they may resell on social media platforms at no cost or commitment. In 2019, SellSure was acquired by a large and well-known e-commerce platform.
Practus’ Role
- Automation and customization for finance requirements in existing SQL.
- Ensure accurate and timely accounting, as well as a hygiene audit of the books to ensure there is no income or cash leakage.
- Order-by-order payment gateway and BOA reconciliations.
- Walk between the customer’s advance, the money added, the consumption, the commission charged, and the balance.
- Support to assist EY’s auditors in completing the quarterly and annual audits.
- Observance of the law and timely submission.
- A variety of management information system (MIS) reports.
Impact Delivered
- The automated pay-out mechanism prevented late payments, provided fast refunds to customers, and ensured that sellers and resellers were paid on time.
- Payment gateways, digital services, physical products, and courier delivery partners are all reconciled on an order-by-order basis, resulting in a $10,000 cash leakage being repaired.
- Payment channels were used to repay over 70 thousand partners’ wallet balances.
