Make a Wise Choice and Outsource your Freight Audit Needs Right Away!

Outsourcing of no other operation is as critical as audit and payment of freight. No denying the fact, freight invoices are extremely tricky, and as your business grows, the intricacy of freight audit and payments boosts exponentially. At times, it becomes harder for you to accurately analyze and track the actual spend on transportation.

When shippers pay freight bills on time, they become the shippers of choice. Shipping charges are believed to take up almost 10 percent of a company's total expenses. It is not surprising that companies spend millions or tens of millions of dollars to get their products shipped to different parts of the world. They usually ship the products with several trucking companies like FedEx and UPS.

The transportation and freight industry has deviated rapidly in the past few years. To keep up with the rapid globalization of the world, companies are required to be more cost-efficient and driven by data than ever. That said, it is time for them to rethink their freight operations. Rethinking freight operations have a key aspect, outsourcing several operations.

One of the major reasons why several freight forwarders have now started to outsource the most challenging task of auditing their freight invoices. Outsourcing companies have industry experts who will handle all your needs.

How Outsourcing Freight Audit and Payment Works?

If you have planned to outsource audit and payment of freight invoices to specialists, you have indeed made a wise choice. Freight audit and payment professionals have years of experience and they keep up with ever-changing trends of the transportation industry.

By doing so, your business will thrive from a substantial array of services offered. Some of the services are difficult for businesses to perform in-house. Moreover, they have limited resources to tackle all their needs.

When you outsource your freight audit and payment needs, the process looks like this:

• Your bills are all cross-checked and verified with the pricing contracts made. This is done to identify errors made.
• Freight invoices and parcels of the previous half-year are all audited by a third-party freight auditor.
• Every billing to shippers is aggregated to give a clear view of the total freight spend, and the allotment of costs is set to different cost centers.
• When a discrepancy or overcharge occurs, the mistakes are either moved to resolve or a claim is filed.
• After the payment is made, a cheque is then offered to the company.

Third-party freight audit service providers keep track of all modifying requirements of the freight compliances, to make sure that the shippers always stay compliant with globally accepted rules.

Is Outsourcing the Right Choice?

The choice of outsourcing your freight audit and payment needs delivers exceptional results, spares your in-house resources, saves considerable costs, enhances operations and drives growth. As a small to medium-scale business, when you outsource complex tasks, you can focus on the growth of resources and innovations.