Anabon Security

Anabon Security Inc. is a leading security products provider specializing in security equipment and solutions. They manage a complex inventory of security products with significant transaction volumes through multiple sales channels.

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Challenge and Problem Statement

Financial Reconciliation Issues

Unreconciled bank statements and Stripe balances causing financial discrepancies

HST and Corporate tax balances mismatched with CRA balances leading tocompliance risks

Cost Tracking Inefficiencies

Landing costs not being tracked, resulting in inaccurate product cost calculations

Shipping costs tracking gaps between actual costs and customer recovery

Quality Control and Returns Management

Manual process for handling defective product returns

No systematic approach to refund processing and tracking

Lack of data for quality assurance improvements

Reporting and Analytics Gaps

Limited visibility into product performance and profitability

No advanced reporting capabilities for informed decision-making

Missing insights into shipping cost recovery

Solution

Financial Management Automation

Identified the missing/incorrect entries and implemented Zoho Books' advanced reconciliation features for bank and Stripe transactions.

Conducted thorough tax reconciliation and identified the missing transfer entries. Wealso found out that interests/penalties were not recorded.

Enhanced Cost Tracking System

Utilized Zoho Books' landing cost feature for accurate product cost allocation.

Implemented custom fields and automated calculations using advanced Zoho Analytics for computing true purchase costs.

Developed shipping cost tracking report comparing actual vs recovered costs.

Integrated Returns Management

Leveraged Zoho Books' reporting tags for defective product tracking.

Integrated Zoho Desk with Zoho Books for streamlined refund processing, which enables the client to refund directly from Zoho Desk.

Created one-click refund solution through Stripe integration.

Modern Expense Management

Customized Zoho Analytics dashboards for product performance metrics

Created specialized custom reports for loss on sale and low-margin products.

Implemented real-time shipping cost analysis reports.

Results

Metric

Improvements

Returns Processing Time

75% faster

(2 hours to 30 mins)

Reporting Efficiency

95% automated (vs manual compilation)

Product Cost Accuracy

100% landing cost tracking

Defective Product Rate

40% reduction

through better tracking

“Automate Accounts revolutionized our financial operations with their comprehensive Zoho implementation. The integrated solution between Zoho Books, Desk, and Analytics has given us clear visibility into our operations. The automated reconciliation and returns management systems have not only saved time but helped us improve our product quality significantly.”

— Alireza Aram, Co-founder - AnabonSecurity Inc.

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Anabon Security

Anabon Security Inc. is a leading security products provider specializing in security equipment and solutions. They manage a complex inventory of security products with significant transaction volumes through multiple sales channels.

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