5 Common Errors in LTL Freight Costs That a FedEx Audit Can Uncover
On average, transportation accounts for around 10% of shippers’ gross expenses. Many are unaware of just how much they’re overpaying until they request......
Overview
A shipping audit is a process of verifying your entire supply and delivery chain by checking invoices for shipment inconsistencies. This can help verify the health of your overall shipping ecosystem. It can also be incredibly useful to prevent overpayment and inefficiencies. At many large organizations, a dedicated shipping audit team is constantly working to verify that invoices have been billed accurately for shipments and that the company’s entire shipping infrastructure is as efficient as possible.
Shipping Audit
The Courier Shipping audit must be performed on shipments within 15 days of delivery, therefore, it must be continually performed on an ongoing basis or the organization will lose the benefits being realized.
After receiving online access to the shipping account(s) for “Account.Name”, we set the organization up on our shipping portal platform.
In addition to the application of proprietary knowledge and methods, the following bullet points outline some of the steps performed throughout the detailed audit process:
Freight Audit
After receiving an initial data set comprised of freight invoices for the organization, we communicated with the provider(s) to obtain account data.
In addition to the application of proprietary knowledge and methods, the following bullet points outline some of the steps performed throughout the detailed audit process:
Access 16 cost-saving solutions spanning 4 subcategories (Utilities, Contract Services, Financial Services, and Commercial Real Estate). There is often one, or more, areas in which we can aid our clients.
Util Auditors deploys proprietary knowledge, methods, and superior technology to thoroughly analyze invoices and services for errors, anomalies, and inefficiency in billing. Clients can login to track the progress of each audit, at each location, in “real time” using our Client Portal.
An interim report of findings can be downloaded at any time during the audit process through your uView™ Dashbard. A formal report of our audit recommendations is provided by Util Auditors on every audit project.
Where some audit firms simply make recommendations, Util Auditors will assist you to implement the cost savings and obtain the refunds that we identify. We will act as your project lead, completing paperwork and compiling claim documents for your review that are required to realize the benefit of what we propose.
As a contingency-based service we only invoice for cost savings and refunds if, and after, the client realizes them.
On average, transportation accounts for around 10% of shippers’ gross expenses. Many are unaware of just how much they’re overpaying until they request......
More than 3 billion packages were shipped during last year’s shopping season. This year’s shopping season is around the corner, and with it......
Most businesses don’t think twice about the utility bills they receive each month. The assumption is that the utility company got the amount......
At Util Auditors, we are passionate about serving our clients, increasing operating efficiency and cutting costs. We treat each client the same to identify cost saving opportunities, and provide the absolute best solutions. It is this consistency and commitment that allows us to continuously exceed the expectations of our clients.
We have provided cost reduction services as well as utility refunds to over 275 clients including Fortune 100 and 500 companies.