Express COD Remittance - Faster Cash Flow

ProShip offers two express remittance cycles: D+1 (next business day) and D+2 (two business days after delivery confirmation). In addition, standard remittance runs four times per month on fixed calendar dates. Express cycles are available for enterprise clients and can be configured per courier partner, so brands receive cash flow predictability without chasing individual remittance reports.

D+1 means funds collected on delivery are remitted to the brand on the next business day after the courier confirms successful delivery and cash collection. Standard industry cycles typically operate on weekly or fortnightly schedules (7-15 days). ProShip's D+1 cycle reduces the cash conversion gap from weeks to a single day, directly improving working capital for high-volume COD businesses.

ProShip automatically matches every COD collection against its shipment ID, order value, delivery confirmation timestamp, and courier partner settlement report. Mismatches - such as partial collections, missing remittances, or duplicate entries - are flagged as exceptions for review. This automated matching eliminates the manual spreadsheet reconciliation that typically consumes hours of finance team effort each week.

Yes, ProShip allows remittance cycle configuration at the courier partner level. You can set D+1 for high-volume partners where faster cash flow justifies the express cycle, D+2 for mid-tier partners, and standard 4x monthly for smaller volume partners. This flexibility ensures optimal cash flow management based on your partner mix and volume distribution.

ProShip tracks every COD collection against its expected remittance date based on the configured cycle. Delayed remittances are automatically flagged and escalated to the courier partner with the specific shipment IDs and amounts outstanding. The system maintains a running ledger of pending remittances per partner, giving finance teams clear visibility into overdue COD collections.

Express COD remittance directly improves working capital by reducing the cash conversion cycle from 7-15 days (industry standard) to 1-2 days. For a D2C brand processing 10,000 COD orders per month with an average order value of INR 1,000, D+1 remittance frees up approximately INR 70-100 lakh in working capital that would otherwise be locked in the courier's remittance pipeline. This capital can be reinvested in inventory, marketing, or operations.

Yes, every remittance comes with a detailed report mapping each shipment ID to its COD collection amount, delivery date, collection date, and bank credit reference (UTR number). Reports are available on the ProShip dashboard and can be exported in CSV or Excel format for import into accounting systems. API endpoints are also available for automated remittance data retrieval.

Partial COD collections - where the courier collects less than the order amount - are flagged automatically during reconciliation. ProShip records the actual collected amount against the expected amount and raises a discrepancy for resolution with the courier partner. The brand is remitted only the verified collected amount, with the shortfall tracked until resolution to prevent revenue leakage.

Express COD remittance (D+1 and D+2) is available for D2C parcel shipments across all integrated courier partners that support COD. For PTL/LTL freight shipments, COD collection and remittance follow the freight partner's settlement terms which are managed through ProShip's reconciliation module. The remittance cycle is configured at the partner and shipment type level during onboarding.

ProShip secures all COD remittance data with bank-grade encryption, role-based access controls, and complete audit trails. Every transaction is timestamped and logged from collection to bank credit. Only authorized finance team members can access remittance reports, and all data transfers between ProShip and courier partner systems use encrypted API channels. The system meets enterprise compliance requirements for financial data handling.