It may happen that the cart is abandoned by customers or payment has failed due to technical reasons. Such orders with pending or pending payment order status in the backend must be canceled. To manually cancel the orders is a tedious task. Meetanshi’s Magento Auto Cancel Order extension automates the cancelation of such orders.
The extension is helpful in stock management too. Not only it helps in easy order management, but the extension is also quite a help in analyzing the reasons for order cancellation and hence plan a better strategy for the future!