Most shippers spend more than 50% their total logistics expenditures on transportation, making it worthwhile to outsource freight audit and bill payment to those who specialize in such services. However, while these services might appear to perform a single function, they can also provide additional value by delivering important data and insights into a company’s current processes.
A freight audit and payment provider can help you streamline your operations and improve your bottom line. Below are a few things you should consider when assessing potential providers:
Small Parcel Audit Software Provider Requirements
1. Commitment to Technology
In today’s world, technology changes quickly.
A freight audit and payment provider must be committed to investing in the technology as needs and requirements change.
They must also be prepared and capable of doing so going forward.
With new technologies such as machine learnings, data science, and artificial intelligence becoming more and more prevalent in today’s market, shippers need to partner with someone that can integrate these powerful technologies into their parcel audit software.
Intelligent Audit is the most technologically advanced and forward-thinking provider of freight audit and payment.
Our solution is backed with best-in-class technology and a research and development team that is second to none.
2. Business Intelligence and Analytics Capabilities
Sometimes providers claim to offer more than they can deliver – making it important to discuss the types of business intelligence and reporting capabilities they can provide, prior to signing the agreement.
Don’t be afraid to ask questions to ensure that the system matches the promise.
3. Financial Stability
Part of choosing a freight audit and payment provider includes trusting them to make payments on your behalf to your carriers.
Therefore, making sure that the provider is financially stable and abides by solid security practices is an important consideration during your evaluation and selection process.
As an industry leader, Intelligent Audit has been providing freight audit and payment services for over 20 years. As a result, IA has a level of financial stability that is unrivaled by other freight audit and payment providers.
4. Scalable Technology
Prior to locking in a provider, verify that their solution can handle your current invoice volume and future growth.
Intelligent Audit managed over $9 billion in transportation spend in 2017 alone. In addition, IA audited over 400 million shipments from 2,500+ existing customers.
A freight audit and payment provider must be able to grow as you grow, and Intelligent Audit is an incredibly scalable solution that works with businesses of all types and sizes.
5. Ability to Support All Modes
Nowadays, shipping has become so diversified and requires a holistic approach.
The provider should have the capability to handle all modes of transportation your company might use, as well as the ability to view all data in one central location.
Intelligent Audit separates itself within the freight audit and payment space in that it supports all regions, all currencies, and, most importantly, all modes.
6. Carrier Relationships
Your provider should have staff dedicated to maintaining carrier relationships to help resolve issues, create efficiencies when necessary, and act as a true extension of your company.
Intelligent Audit, over its two-decades in the space, has developed a strong relationship with a large variety of carriers.
Those relationships, including with carriers that are globally active, enable IA to provide the best possible services to shippers.
Whether your transportation methods are single or multimodal, Intelligent Audit’s freight audit and payment services streamline your accounts payable processes – allowing you to effectively and accurately allocate costs across your organization. We manage the heavy lifting – so you don’t have to!
For more information on our freight payment services and other offerings, contact us today.
Intelligent Audit provides its clients with a global, all-mode transportation audit, recovery, freight payment, and business intelligence reporting partner.