Pickrr, a SaaS-based logistics start-up, has announced the launch of another Value Added Service, Pickrr Predict. The product feature aims to provide predictive analysis to sellers as soon as an order is placed on Pickrr to help mitigate the significant risk proportion attached to cash-on-delivery orders.
According to an industry estimate, there is only a 75% probability of the order getting delivered. There can be multiple factors behind COD orders not getting received, such as fraudulent orders, incorrect addresses, unavailability of cash, late deliveries, restricted zones, etc. This results in the sellers’ considerable monetary loss because of the failed delivery and the inventory’s RTO process.
The company says that to neutralize the additional losses suffered by sellers, Pickrr Predict has been integrated with the company’s all-in-one dashboard. The feature uses collective data and evaluates the order over 30 parameters, including past online transactions of the customer, return history, high-stress delivery zones, etc., to calculate the risk percentage and alert about high-risk orders before proceeding with dispatch. This can help sellers to determine further processes to cancel, confirm or edit details their orders.
“Failed Cash-on-Delivery has become a significant challenge for businesses. Being an industry leader, we strive to provide solutions for the problems that can make a larger difference within the logistic ecosystem. Pickrr Predict is already resolving the shipping woes for over 5000 sellers currently using this disruptive service,” said Gaurav Mangla, CEO, and co-founder, Pickrr on the launch.