Easily Reconcile COD payments with our Automated Reconciliation System
The result is easy to understand and analyze. Plus all the necessary information is kept in one place.
Data can be loaded automatically and reconciliation scheduled, thereby eliminating manual efforts.
Data is securely saved and treated confidentially. Results can be backed up on client servers and deleted from our systems.
Processes Associated with COD Amount Verification
COD Remittance Reconciliation
Bank Settlements Reconciliation
Reports Required For COD Amount Verification
For reconciling Cash-on-Delivery orders with COD remittance reports from courier partners, the following reports are required.
- Order Management System (OMS) report with order status, sale invoice, credit invoice
- Custom website/OMS or any OMS software report can be used
- COD remittance report from courier partners
COD Amount Verification Result
Order Management System order, sale invoice & credit invoice reports are compared against COD remittance report to identify:
Reconciled orders where correct amount is collected from customers
Any order where either short or excess payment is collected from customers
Any order where payment is yet to be collected from customers with ageing
COD Remittance Reports with Bank Statement
Reconcile COD remittance with Bank statement.
Verify if all transactions are settled in bank account
Identify transactions yet to be settled
Verify consolidated settlement amount in bank statement at UTR level
Details about how to reconcile Cash-on-Delivery remittance reports of various courier partners.
