Amazon Finance API for FBA Acquisition And Seller Growth

Why FBM and FBA seller understanding of financial performance is critical to driving Amazon seller growth and profitability

The Finances API enables Amazon third-party sellers to obtain financial information for their seller central accounts. Sellers can get financial events for a given order or financial data without waiting until a statement period closes.

Third party sellers typically use the data to;

  • gain insights into inventory forecasting
  • create context on how your sales history aligns with profit goals
  • optimization inventory management
  • improving customer service
  • shortening lead times

This is an improvement over waiting for bi-weekly Amazon generated Settlement Reports. As a result, the Finance API gives sellers increased access, velocity, and transparency for mission-critical financial data.

What finance data is available to Amazon Third-Party Sellers, Agencies, or FBA acquirers?

So you want data from the Finances API? It is important to note that there is no single, summarized, and easy-to-use output from the Finance API like you get from Settlement Reports. The Finance API is one of the more complex Amazon services, which often creates a barrier for teams to take advantage of it.

Why is it complex? The Finance API provides transactional data for a broad collection of different finance events. Each of these events has a result set that is unique to that event. Given the volume of events, it can be challenging to work with.

What are those events? Below is a list of events available in an operation called ListFinancialEvents:

  • Adjustment Event: An adjustment to your account
  • Adjustment Item: An item of an adjustment to your account
  • Affordability Expense Event: An expense related to an affordability promotion.
  • Affordability Expense Reversal Event: An expense refund related to an affordability promotion.
  • Charge Component: A charge on the seller’s account.
  • Charge Instrument: A payment instrument
  • Coupon Payment Event: An event-related to coupon payments.
  • Currency Amount: A currency type and amount.
  • Debt Recovery Event: A debt payment or debt adjustment.
  • Debt Recovery Item: An item of a debt payment or debt adjustment.
  • Direct Payment: A payment made directly to a seller
  • FBA Liquidation Event: A payment event for Fulfillment by Amazon (FBA) inventory liquidation. This event is used only in the US marketplace.
  • Fee Component: A fee on the seller’s account.
  • Financial Event Group: Contains information related to a financial event group
  • Financial Events: This contains all information related to a financial event.
  • Imaging Services Fee Event: An event-related to Amazon Imaging services.
  • Loan Servicing Event: A loan advance, loan payment, or loan refund.
  • Network Commingling Transaction Event: A network commingling transaction event.
  • Pay With Amazon Event: An event-related to your Pay with Amazon account.
  • Product Ads Payment Event: A Sponsored Products payment event.
  • Promotion: A promotion applied to an item.
  • Rental Transaction Event: An event-related to a rental transaction.
  • Retrocharge event A retro charge or retro charge reversal
  • SAFET Reimbursement Event: A SAFE-T claim reimbursement on your account.
  • SAFET Reimbursement Item: An item from a SAFE-T claim reimbursement.
  • Seller Review Enrollment Payment Event: A fee payment event for the Early Reviewer Program. (the US only)
  • Service Fee Event: A service fee on your account.
  • Shipment Event: A shipment, refund, guarantee claim, or chargeback.
  • Shipment Item: An item of a shipment, refund, guarantee claim, or chargeback.
  • Solution Provider Credit Event: A credit given to a solution provider
  • TDS Reimbursement Event: A TDS (Tax Deduction at Source) claim reimbursement on the seller’s account.
  • Tax Withheld Component: Information about the taxes withheld.
  • Tax Withholding Event: A tax withholding event.
  • Tax Withholding Period: A tax withholding period.

Who needs to use the MWS Finances API?

Many teams want to take advantage of the Finance API. Financial data is critical for companies like Thrasio, Heyday, and Razer Group that build successful Amazon FBA sellers’ portfolios. These Amazon FBA seller acquisition companies (FBA acquirers) tap financial data to inform investment decisions and optimize ongoing operations to drive revenue growth.

Do you want to be one of those sellers being acquired?

If you have an FBA business for sale, you will need to ensure financial data is available for the FBA broker or acquirer to undertake a due diligence analysis. An FBA acquisition depends on an open, transparent accounting of a seller’s sales history for potential buyers. For example;

  • Does your Amazon FBA income align with expectations?
  • Is the business worth what you think it is? Do your sales data figures align with Amazon systems?

The Finances API operations, promotions, and sales data will be critical for this endeavor of being one of those Amazon FBA success stories that sold their businesses.

In addition to using financial data for Amazon FBA investment, acquisitions, or FBA forecasting, the data also fuels FBM seller’s efforts to optimize sales, costs, inventory forecasting, and management.

Are you an Amazon agency optimizing client performance?

Lastly, if you are an Amazon Agency like Amify, Optivations, Channeled, or many others in the market, you are tasked with streamlining operations, optimizing margins, and delivering compelling content, media, and advertising. The API provides the foundational data to drive understand the financial inputs that contribute to client success.

An automated Amazon Finances API data connector to the rescue

Too many teams are stuck with manual downloading, manipulation, and processing of financial data. In a fast-paced e-commerce environment, this is just too slow and prone to error. You need simplicity and velocity.

Openbridge offers a pre-built, automated, and fully-managed Finances API data pipeline. Our connector enables you to obtain automated, hassle-free Finances API information relevant to an Amazon seller and marketplace, all conveniently delivered and organized in an easy to access data warehouse or data lake.

Our platforms offer a near real-time data feed of financial events for orders, financial events, shipments, refunds, or fees without having to wait until a statement period closes.

Currently there 20 finance data feeds available with the Openbridge Finances API:

  • mws_finances_event_groups
  • mws_finances_adjustment_events
  • mws_finances_chargeback_events
  • mws_finances_coupon_payment_events
  • mws_finances_debt_recovery_events
  • mws_finances_guarantee_claim_events
  • mws_finances_loan_servicing_events
  • mws_finances_network_commingling_transaction_events
  • mws_finances_product_ads_payment_events
  • mws_finances_refund_events
  • mws_finances_retrocharge_events
  • mws_finances_safetreimbursement_events
  • mws_finances_seller_deal_payment_events
  • mws_finances_seller_review_enrollment_payment_events
  • mws_finances_service_fee_events
  • mws_finances_shipment_events
  • mws_finances_shipment_item_fees
  • mws_finances_shipment_item_promotions
  • mws_finances_shipment_items
  • mws_finances_tax_withholding_events

Getting Started

Regardless of the type of Amazon eCommerce business you are in, the Finance API is the key to Amazon seller growth and profitability. The Openbridge integrations provide a code-free, fully automated connector which allows teams to;

If you are looking at how to sell an FBA business, optimize growth, improve operations, fine-tune forecasting, be prepared with your data from the Finance API.

Finally, you can turbocharge reporting, data analysis, and forecasting by tapping into the automated Openbridge Amazon Finances API data connector to a private data lake or cloud warehouse!

Amazon Finance API for FBA Acquisition And Seller Growth was originally published in Openbridge on Medium, where people are continuing the conversation by highlighting and responding to this story.



source https://blog.openbridge.com/amazon-finance-api-for-fba-acquisition-and-seller-growth-898bd6448e?source=rss----4c5221789b3---4

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