There’s been a lot of news surrounding Amazon’s Finance API, especially surrounding updates to the API. These updates beg the question: exactly how accurate is Amazon’s Finance API? And what are the challenges that business run into with integrations?
Here at Kapoq, we’re well-versed in the Amazon Finance API integration (more on that later!), so we’re sharing everything you need to know about it!
How Accurate is Amazon’s Finance API?
Amazon’s Finance API is, in and of itself, accurate—it’s just providing you with the numbers in your account. You can rely on the numbers that come from the API, but how you get those numbers is the tricky part.
Challenges with Amazon’s Finance API
It’s complex to pull all of this data yourself and then make sense of it—even for accountants!—because Amazon doesn’t make it easy. There are a number of elements that make Amazon’s Finance API difficult to navigate for Sellers.
Number of Reports and Calculations
The first challenge with Amazon’s Finance API is the sheer number of reports and calculations needed to get all of the necessary information into your hands. In order to get a look at the full picture of your business, there are multiple reports that need to be run to understand your profitability on Amazon.
Need to Calculate at Multiple Levels
The second challenge is the fact that you need to calculate this data at multiple levels across your business. You need to do separate calculations for your business as a whole, a group of ASINs, and a single ASIN.
Running these reports for each area of your business is not only time consuming, but also opens the door for errors. Plus, Amazon doesn’t often provide all the information you need for each area, requiring you to fill in the gaps.
Frequency of Calculation
Lastly, Amazon releases data to you at different cadences. Data is pulled from multiple sources at different times (weekly, daily, etc.), and then released to you at different times—so you are piecing together data as it comes in. This means you might be waiting until the month is over to realize you were losing money the whole time!
Kapoq’s Amazon Finance API Integration
While it is technically possible to do all of this manually, it’s just really difficult. So unless you have a full-time team dedicated to managing your Amazon Finance API integration, you need to find a software partner that can manage it for you.
Kapoq integrates seamlessly with Amazon’s Finance API, but we also organize the data in a way that makes sense for your business and allows you to easily filter by date, ASIN, or brand.
We also have a focus on transparency, so you know exactly which API or report each data point is coming from, and the exact calculation we use to get you your numbers. You have full control over your data, so you can understand your business better.
Ready to see the forest for the trees? Sign up for your free Kapoq demo today!
