Collecting Data

With our Data Collecting service we collect all of the sales- and inventory data from your Vendors with specific intervals of typically a week or a month. These are then broken down and combined into one simple format – specially suited to your needs. This service also handles the notificationsprocess of missing or lacking reports, that needs collecting or validating.

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Collecting Data
How does it work?

Collecting Data
How does it work?

What usually happens when collecting data from resellers, is the Vendor handing out a general constructed report format, that’s to be filled out. A time consuming task for the Reseller, who’s not adaptable to the changing formats. Less work for the Vendor but a vast load of work for the Reseller, leading to conflicts. Luckily for them, and you, we are specialized in accepting basically all formats, making it possible for all parts to report through us, in a way that’s suitable for them.

What usually happens when collecting data from resellers, is the Vendor handing out a general constructed report format, that’s to be filled out. A time consuming task for the Reseller, who’s not adaptable to the changing formats. Less work for the Vendor but a vast load of work for the Reseller, leading to conflicts. Luckily for them, and you, we are specialized in accepting basically all formats, making it possible for all parts to report through us, in a way that’s suitable for them.

Is this a task you can perform yourself? Yes, but instead of spending days on this time consuming task, let us do the job while you create real growth. Also, see our Complete Data Process solution, where we collect, cleans and visualize your POS data.

Free Preview

So, you wanna see if we can walk the talk? We offer a free preview of our products, without obligations.

Possible
Reporting scenarios

Underneath, you’ll see how our POS Data Management service can solve various reporting scenarios, which are normally faced on vendor level.
SCENARIO 1: Stock and inventory figures are flowing heavily between all parties.

OUR SOLUTION: To avoid a lot of data conversion, column moving and VLOOKUP’s, Vendor 1 usually utilizes its market position to enforce fixed reporting templates. The problem with this is, that the reporting template for Vendor 1 is not the same as for Vendor 2. We solve this by offering resellers and distributors one simple point of reporting for some or all sales and inventory data. The data can be delivered in virtually any format (.csv, .txt, EDI, Excel etc.), and the data supplier instructs ParsePort on who should receive what data once for all. The reseller/distributor can now route requests from vendors directly to ParsePort.

SCENARIO 2: No common format is used.

SOLUTION: If we assume that all the sales and inventory figures is delivered to the Vendor in a fixed format, the Vendor now faces the next problem: If it utilizes multiple distributors and these offer the products to the same resellers, there is a chance that Distributor 1 will report selling 1 pc. “XX-YYYY” to “Reseller 1” at a price of 100 EUR and Distributor 2 will report selling 1 pc. “XXYYYY” to “Reseller_1” at a price of 745 DKK. It is the same product and price – with small variances in how it is being reported. WE can easily pass your data on as e.g. Excel – just as we can change columns and headlines to match the vendor preference. Should the vendor at some point want to change their reporting template, ParsePort will just change the export filter and no distributors/resellers will be troubled or affected in any way.

SCENARIO 3: Even with fixed reporting templates, the vendor still does a huge load of data cleaning.

SOLUTION: Even with fixed reporting templates, the vendor still maintains a HUGE workload in doing data cleaning. And as this process is done on vendor level, Vendor 2 will not benefit from any work done by Vendor 1. Now, as we already do conversions and mappings on products, customers, barcodes, currencies, postcodes and much more for a widespread customer base, we can do this centralized before the data reaches vendor level – effectively enabling all vendors to benefit from work done only once.

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ParsePort ApS

We are an XBRL services company helping national authorities, clients and auditors comply with EU and local legislation. Our services include GaaP (IFRS, Annual and Tax reporting) EBA (Corep/Finrep/CRD IV)  EIOPA (Solvency II) and ESMA (ESEF). We service clients worldwide.

ParsePort

We are an XBRL services company helping national authorities, clients and auditors comply with EU and local legislation. Our services include GaaP (IFRS, Annual and Tax reporting) EBA (Corep/Finrep/CRD IV)  EIOPA (Solvency II) and ESMA (ESEF). We service clients worldwide.

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To get our monthly newsletter with updates on taxonomy, XBRL adoption in EU, events and ParsePort XBRL products and services.

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