Symptoms
- Discrepancies between TikTok payout reports and internal revenue figures
- Unaccounted fees and charges
- Difficulty closing month-end financials for TikTok
Root Causes
- Lack of a clear financial reconciliation process
- Manual spreadsheet-based tracking
- Inconsistent tax and payment gateway settings
TikTok ShopERPPayment Gateway
Impact: This is where finance loses trust. Financial reporting inaccuracies, audit risks, and lost revenue due to unrecovered funds.
Cogent Approach: We map out the entire financial flow, automate reconciliation between TikTok payouts and your general ledger, and implement controls to identify and flag discrepancies proactively.