What does COD express mean and what is the content of COD express

COD express means cash on delivery, which means that the seller will deliver the goods only after the consignee pays the cash.

COD express business content:

1. COD express delivery business is a trinity business that integrates information flow, physical logistics, and capital flow. In the Internet environment, real-time information sharing and exchange is the basis of COD express delivery business collection and payment fund management. COD express is cash on delivery, which means that the seller will deliver the goods only after the consignee pays the cash. In foreign countries, courier companies or logistics companies or postal companies usually collect fees on their behalf; domestic freight is usually collected by logistics companies.

2. COD express companies should generally choose a third-party payment platform with relatively high maturity, good technical strength, and logistics industry, especially with COD express business solutions, while taking into account multiple forms of payment.

3. The COD express delivery business involves a huge amount of capital flow. The COD express company must first establish a feasible fund management system and process to solve the normative goal of the COD express business collection and payment fund management. This is also the establishment of the COD express delivery business. The foundation of the payment management model.

4. In the COD express business, there are multiple systems such as the information system of the e-commerce company, the COD express business management system, the fund management system, the third-party settlement system, and the banking system. These systems all involve information sharing and Exchange, the fragmentation of any system will result in the failure of fund management to form a closed loop. This is the technical principle that must be adhered to when constructing the COD express business’s collection and payment fund management model.

5. COD courier service collection and payment fund settlement is the collection and payment fund settlement between COD courier company and e-commerce. According to the characteristics of COD courier business, the settlement between COD courier company and e-commerce is divided into order settlement and proper settlement. Cast settlement. In essence, the difference between the two settlement methods is that the order settlement is the first settlement and then the collection, and the proper settlement settlement is the first collection and then the settlement.

COD express business expansion information:

1. The COD express company is faced with huge collection and payment of funds and reconciliations, and settlement specialists need to extract data from the COD express business management system, and the business management system of the e-commerce is not open to the COD express company, and the reconciliation will exist. Problems with low reconciliation efficiency and difficulty in ensuring the quality of reconciliation.

2. The COD express delivery business is a large-scale business, with a large amount of order data and a large flow of funds. Through the matching mechanism, real-time reconciliation between e-commerce and COD express companies is strengthened, and the reconciliation results are identified by technical means to improve accuracy. Account efficiency.

3. In order to ensure the matching quality, the e-commerce business system and the COD express business system need to establish a matching rule, that is, the order can meet the verification status when a variety of conditions are met, that is, from actual logistics to information flow to capital The flow has completed the overall cycle, and the order in the written-off state automatically enters the locked state, and the locked state cannot be changed without the written-off process.

4. In the unwritten state, it must be that at least one of the actual logistics, information flow and capital flow has not completed the business cycle. This requires the COD express company to improve related businesses.