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Guide to Freight Bill Auditing
Taking a closer look at your bill could save you a pretty penny
By Jennifer Baljko
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Extremely Useful
7.9
out of 10
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If your business is like most others, you're paying good money to get supplies delivered or products routed to customers. More often than not, freight costs show up as big-ticket items on your balance sheet. Given the amount of money being spent, it makes sense to audit your freight bill and make sure you were charged what you were supposed to be charged. A freight audit can: - Help you catch billing errors
- Save you a considerable sum of money
- Root out duplicate bills and payments
- Improve your negotiating clout with freight providers
Action Steps
The best contacts and resources to help you get it done
Save time with pre-audit checks and balances
Ideally, the best way to save money on your freight expenses is to catch billing errors before you pay your vendor.
I recommend: Trendset has Web-based pre-auditing applications that embed checks and balances into the freight-payment process and alert you to issues that need attention before the bill is paid.
Outsource the audit
There are professional firms that offer auditing services and can help you review invoices, scan for duplicate charges and recoup money paid on overcharges.
I recommend: National Traffic Service provides freight bill auditing services and software.
Select a broader freight management solution
Head off the need for audits by having an outside firm manage your freight services and payments.
I recommend: ACS Traffic Services offers freight management and payment solutions. They can pre-audit and pay your freight bills weekly, among other services. CTSI offers a full range of freight audit and payment solutions and has been providing services for over 50 years.
Develop your own expertise
Software tools now make it easier to bring much of the freight management, payment and auditing processes in-house.
I recommend: PowerTrack, a U.S. Bank service, provides a single freight payment process for companies both large and small.
Tips & Tactics
Helpful advice for making the most of this Guide
- Freight auditors say that if you're not auditing your freight bills, you're overpaying your freight bill charges.
- Carriers make mistakes – usually in their favor – that include: Incorrect discounts, rate bases, and accessorial charges; late "guaranteed" shipments and duplicate invoices.
- If you are running more sophisticated systems, you may be able to integrate freight auditing software to other back-end systems such as transportation management tools.
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Recommended Solution Providers | Back to top |
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Parcel freight consulting and services company providing complete outsourced and in-house solutions for auditing freight bills, and carrier negotiation assistance.
A firm that audits your freight billing to find discrepancies and hopefully reclaim payments.
Offers software products provide rating, auditing, expense allocations, freight bill processing and management reporting.
Company that offers freight billing and auditing services.
This management firm will handle a corporation's freight billing, or just provide auditing services.
Software that provides complete billing and auditing capabilities to freight operations.
Another firm that will audit your freight billing for overcharges.
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Best Sites to Learn More | Back to top |
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Collection of white papers, focusing on transportation and freight issues. Entries include several on freight auditing.
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