As supply chains continue to grow in complexity and importance, so have the transactions that keep shipments moving from origin to destination. As such, freight costs will usually take up a significant portion of the total transaction volume. By leveraging the freight audit and payment process, shippers can gain the data they need to edge out their competitors.
Freight Payment Doesn’t Have to be Painful
There’s more to freight bill payment and auditing than most shippers are familiar with. Established providers have far outgrown their original function of verifying freight bills, thanks to the huge volume of data they’ve acquired over the years. By taking advantage of this wealth of information, your logistics operations could become a whole lot easier. Partnering with the right freight audit and payment service can help you:
-Optimize your supply chain and gain up to 20% additional savings
-Analyze your network to identify optimal locations for warehouses
-Switch modes and consolidate your shipments.
Most providers also have applications that integrate fully with existing systems. Besides cheaper implementation, this also ensures round-the-clock peak performance and quicker deployment.
Choosing the Fastest Freight Audit and Payment Services USA
It’s now easy to see why freight audit and payment providers have grown to become a key element of most shippers’ operations. That said, the benefits you stand to gain will depend on your ability to find the right partner. So after you’ve decided to outsource freight bill payment and auditing, there are a few factors you should use to choose between different providers.
-Financial stability: A financially-sound company will be able to support global freight payment for many different currencies. They can also scale their operations to meet even the biggest of your shipping needs.
-Advanced accounting systems: The company should have the capacity to support complex transactions, while still adhering to relevant laws.
-Customer service: Your provider will be processing bills on your behalf every day, which means they’re part and parcel of your own company. You might thus want to check their ability to offer great customer service.
-Extensive business intelligence: This will cater to your supply chain analysis tasks.
-Commitment to process improvement at all levels.
Remember to ask the provider for a list of references so that you’re able to review the experiences of past customers.
The modern supply chain demands accurate and efficient management of shipping data. Whether you are focused on domestic shipping or trying to penetrate the global arena, freight bill payment and auditing services can provide valuable benefits. The data they acquire from the freight audit process could help you gain an edge in terms of business intelligence and streamlining capabilities.