Once e-commerce companies set up their website online an important aspect to look after is delivering the orders to the customers. Since e-commerce companies have a large number of sales taking place through their websites, it gets difficult to correctly deliver every order. Hence E-commerce companies choose a delivery partner like Pickrr. Pickrr helps companies deliver their products anywhere in the world easily. They facilitate that by directly getting their own courier partners to deliver products.
So the company does not have to deal with the hassle of multiple courier partners in different locations. Pickrr takes care of this for the company. Its software provides logistics solutions for companies just at a click of a button.
When companies outsource their delivery services to a company like Pickrr, they then become responsible for collecting COD payments. As a business, it is important to check if correct payments are collected.
Hence, to conduct this verification process, Cointab’s Software can be used. The software can check if the amount collected is right by integrating the OMS report and COD remittance report. By doing this Cointab’s software produces a result report which is comprehensive and easy to understand. The company’s finance teams will easily be able to tell if the right COD payments are collected by Pickrr.
This is a record of all the orders placed on the company’s website. It consists of the type of payment (PG or COD), the order ID and the order amount.
This report is made by the COD vendor and consists of information on the collection of COD payments and the order ID.
Cointab’s software verifies the order management report with the COD remittance report . It presents the data after verification in a simple result report as given below.
The Software compares the OMS report and the Cod remittance report and the orders and the amounts recorded in the OMS report and the COD remittance report are the same then its reconciled. This means the order is delivered and the right payment amount is collected
Here the Software compares the OMS and the COD and the amount recorded by Pickkr is lesser than the OMS report which means that the order is delivered but the amount Pickkr collected is less than the actual amount to be collected. Hence this row is highlighted so that company can keep a track of the amount not collected.
Here the Software compares the OMS and the COD and the amount recorded by Pickrr is more than the OMS report which means that the order is delivered but Pickrr collected more than the actual amount to be collected. So the company can keep a track of the extra amount paid made which they can quickly refund to customers so that there are no customer complaints.
The Software compares the OMS and the COD and the amount recorded in the OMS report shows missing in the Pickrr report which means that the order is delivered but Pickkr did not collect the payment from the customer.
Hence Cointab’s software makes the verification process extremely easy for the company and majorly cuts down the time used for calculations and analysis used by the company’s finance teams. So if you want to conduct your business more efficiently Cointab’s Software will be a beneficial tool for you!