Is money being left on the table?

Different audits on freight and parcel bills aim to recover and save money in different ways. If you aren't familiar with these, you could wind up missing substantial amounts of money that are owed to you by carriers.

MORE THAN ONE TYPE

When you use just one type of audit, this opens you up to leaving money on the table, money that is owed to your company. So, here is a brief description of the main types of freight and parcel audits and the differences between them, so you can see where there might be holes in your current system that are leaking money, and take advantage of all the available options.  

FREIGHT AUDIT AND PAYMENT

Most audits are done when the bill arrives. This makes sense, as the effort is to find billing errors in checking the negotiated rates against what is actually on the bill, check for duplicate billings, etc, etc. Many also look for and file refund claims for late deliveries. The discrepancies are deducted from the bill, and the carrier is short-paid based on the audit results. This is the type of audit done by most freight payment companies and this definitely is a big money saver. 

DELAYED POST-AUDIT

In a delayed post-audit, the bill is reviewed 3-4 weeks after it has arrived, and all shipments are reviewed for proof of delivery. This is a very people-intensive audit, and it does not completely surrender to the type of automated system used by most freight payment companies.  

GET MORE MONEY BACK

If you are not ALSO getting a delayed post-audit done, you could be leaving 3-5% of your annual parcel shipping spend on the table. One company found they were leaving 100s of thousands of dollars on the table year after year despite hiring a few other companies to look into this.

A QUOTE FROM MARK TWAIN:

“If you always do what you always did, then you will always get what you always got’”

SOLUTIONS EXIST 

Cost Recovery has been specializing in delayed parcel post-audit for 20 years and can deliver the goods. A free trial audit is available and can determine precisely the available opportunity for your company. Contact us now for more details. (link)