What Is Cod Reconciliation In Delivery Management System For Business?

COD reconciliation refers to maintaining separate bills of COD orders. It is the very essential for any company or business as it can cause the huge impact of any business ROI. The payment for a COD order is obtained by the carrier after processing and delivery. A number of cash on delivery orders are completed, and your company receives multiple collected payments, closing the orders.

Benefits of COD Reconciliation

Some of the benefits for COD Reconciliation in delivery management system Are As follows-

1. Controlling the Cash Flow Cycle
2. Capability of Detailed Database:
3. Examine the cash flow data that the delivery staff has provided:
4. Capability of Detailed Database:

Controlling the Cash Flow Cycle

You should be knowledgeable about the remittances as well as which specific COD orders have been completed. You need to be aware of the precise number of orders that have been partially, totally, or not at all remitted.

Examine the cash flow data that the delivery staff has provided:

Based on their remittance periods, you can assess and decide which carrier is operating at the highest level. This makes it possible for you to identify the carriers preventing cash flow and the causes of any potential non-remittances.

Capability of Detailed Database:

Data logs can now be managed, maintained, and stored by businesses as unified files. You may quickly get the data you need on carrier remittances and particular orders if any customer complaints or discrepancies develop at any time. This improves the consumer experience and makes it easier for you to run things smoothly.