HINGE Axis now provides automated profit reporting for Amazon sellers, providing financial transparency and improved operational efficiency.
CINCINNATI, OH, USA, August 16, 2022 /EINPresswire.com/ — To successfully run an e-commerce business, managers need to be aware of their product gross margins and overall profitability so they can control costs, allocate advertising and promotions appropriately, and avoid unpleasant surprises .
Unfortunately for businesses selling on the Amazon marketplace, tracking their costs and calculating profitability is extremely tedious. On Amazon Seller Central, businesses need to upload a flat file, convert it to Excel, and then insert pivot tables, just to start the process. It’s no surprise that many Amazon businesses — even very sophisticated sellers — have no idea of the profit margins for each of their products.
Here are some quotes from Amazon sellers describing their challenges:
– “I want to be smart about planning my holiday promotions, but I don’t want to mess up my prices. Amazon doesn’t make it easy to determine my product profits.”
– “I don’t know if I should sell with FBA (Fulfillment By Amazon) or FBM (Fulfillment By Merchant). I’m frustrated that I can’t easily get the costs of each option.”
– “Amazon has no idea what your expenses are, so you’ll have to figure out your profit yourself.”
HINGE AXIS AUTOMATICALLY GENERATES AMAZON PROFIT REPORTS
Hinge Axle, the cutting-edge Amazon seller software, released a new feature called HINGE Axis Profit Analyzer. HINGE Axis subscribers can easily see product profit margins for each item in their catalog. The Automated Profit Report incorporates all Amazon fees (including fulfillment fees), product returns, Amazon advertising fees, Amazon promotions and refunds. Sellers’ Cost of Goods (COGS) product can be bulk uploaded to HINGE Axis via the Product “Import” feature of the Axis Product Hub. HINGE Axis Profit Analyzer also displays a consolidated profit and loss (P&L) statement for the seller’s entire Amazon store, including all Amazon charges and credits. The interactive dashboard allows users to select their date range, allowing businesses to track their profitability by year, quarter, month, and even week.
Learn more or book a demo today: [email protected]
ABOUT THE HINGE PIN
HINGE Axis was built by former Amazon executives, leveraging over 200 years of collective Amazon experience. HINGE Axis is a comprehensive Amazon management software, offering automated business analytics, third-party seller tracking, product review requests, listing content management, account health alerts, and more. HINGE Axis helps hundreds of brands, retailers, and e-commerce agencies scale their Amazon business and automate their operational processes.
For more information, please visit www.hingeaxis.com.