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Shipping & Freight







    Overview

    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:

    • Review of present courier shipping contract rates to assure that client cost is in line with what the market dictates for like-type accounts.
    • Analysis of shipping routes and methods being selected was performed to identify whether opportunities may exist to utilize lesser expensive option per parcel to achieve the same delivery date (ie – Ground Shipping vs 2-Day Air/cost vs time-to-deliver).
    • Comparative analysis was completed between courier shipping providers to assure that present solution is the most appropriate based on the markets being served by the client.

    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:

    • Evaluation of current carrier pricing discounts and tariffs
    • Validate carrier pricing against current shipping volume
    • Review carrier mix to identify any gaps in coverage, evaluate claims with each carrier.
    • Potentially recommend using a Transportation Management System to pre audit invoices, obtain better pricing structures and create bills of lading.  It will also allow freight decisions to be based on price, insurance, and transit time with complete visibility of movement.  Ability to load existing and preferred carriers into TMS.
    • Identify any billing errors in freight invoices.
    • Validate class of freight
    • Potentially help with freight modeling to present to freight carriers for RFP process.

    Our Process

    consult

    Consult

    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.

    audit

    Audit

    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.

    advise

    Advise

    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.

    deliver

    Deliver

    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.

    achieve

    Achieve

    As a contingency-based service we only invoice for cost savings and refunds if, and after, the client realizes them.

    Visually Track Your Cost Savings With Our Proprietary Client Portal.

    uView makes it easy to effectively assess your audit in real time, view detailed savings and analysis reports, approve/ decline recommendations and communicate with your live auditor.

    uView dashboard laptop

    Relevant Insights

    Services You Can Trust

    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.

    All Services

    See Our COVID-19 Cost Containment Resources

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