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You're no stranger to shipping costs as a business owner or manager. But have you ever stopped to consider how much money might be slipping through your fingers, leading to revenue leakage? Hidden overcharges, sneaky incorrect fees, and overlooked refunds silently waste your hard-earned profits. And the worst part? This financial drain can go unnoticed for years.
It's not your fault. With the daily whirlwind of running a business, who has the time, tools, or specialized knowledge to audit every shipping expense with a fine-tooth comb? That's where Intelligent Audit can help you recover those lost profits and supercharge your financial operations
Skeptical? Consider this real-world example: A food retailer decided to put Intelligent Audit to the test during peak season, and they wound up saving a jaw-dropping $5 million. That's not exactly a drop in the bucket. Think about what an extra $5 million could mean for your business. New projects finally getting off the ground, expanding your talented team, or a substantial boost to your bottom line.
Let's go through what's powering this behind the scenes.
Forget mind-numbing paperwork and eye-straining spreadsheets. Intelligent Audit’s freight and parcel auditing is the ace up your sleeve, turbocharging supply chains and unearthing treasure troves of hidden savings.
Picture a tireless colleague who examines every invoice with a laser-like focus. That's what Intelligent Audit's freight audit system brings to the table. It scrutinizes over 150 data points per invoice, catching discrepancies that even your most eagle-eyed team members might overlook.
This digital detective uncovers a range of issues — from those pesky accessorial charges that seem to multiply overnight to dimensional weight calculations that don't quite add up. When it spots a problem, it doesn't just flag it — it takes action, automatically filing a claim and turning those caught errors into tangible savings.
Consider this: up to 80% of all carrier freight invoices contain errors. Worse, if left unchecked, such errors can result in a 10%+ loss through overpaying invoices. Now, think of the alternative. Companies using advanced audit systems are recouping an average of 6-8% on these errors. For busy supply chain managers, that's like finding money in the couch cushions — except these cushions may hide thousands, maybe millions of dollars.
Intelligent Audit's parcel audit processes further this concept by digging for mistakes and uncovering opportunities.
The system acts like a financial watchdog, sniffing out billing errors across your parcel shipments. Those residential surcharges that keep creeping in for commercial addresses? Caught. Service failures that the carrier "forgot" to refund? Flagged. Dimensional weight charges that seem to defy the laws of physics? Exposed.
Here's where it gets interesting: once these issues are identified, the system kicks into high gear. It automatically submits claims and initiates the recovery process. It's like having a team of savvy negotiators working nonstop to reclaim your hard-earned money.
The results speak for themselves. Businesses using this technology can save up to $24,750 monthly — or $297,000 annually. For context, that's enough to cover an experienced supply chain analyst's annual salary or invest in new inventory management software. The potential for plowing money back into your supply chain is substantial.
Ever feel like your company's finances are a runaway train? Balancing the books, chasing payments, and catching errors can turn even the coolest cucumber into a stress ball. But with Intelligent Audit on your side, you have the financial equivalent of noise-canceling headphones for your business chaos.
Speeding things up is only one benefit of Intelligent Audit's AI tools. They completely rewrite the rulebook of financial operations by crunching through millions of raw numbers in real time and flagging anomalies that would slip past even the keenest human eye.
Consider the impact: 2% to 5% cut in transportation costs. That might not sound earth-shattering, but we're talking serious money for large operations. The system digs deep, with a three-way contractual audit scrutinizing over 150 data points per invoice. From catching tricky errors like misapplied residential surcharges on commercial deliveries and dimensional weight miscalculations to automating the claims process, you’re golden.
That said, Intelligent Audit isn't working alone. They've joined forces with powerhouses like TriumphPay to supercharge your payment systems. What does this mean for you? It means your carriers get paid faster and more accurately. Happy carriers, smoother operations — a win-win you can't ignore.
Picture your logistics network running like clockwork — you, your carriers, and your brokers are all perfectly in sync. That's precisely what this partnership delivers. With cutting-edge tech like blockchain ensuring ironclad security for on-time payments, you can say goodbye to those late-night payment chases and frustrating error fixes. While this financial magic works behind the scenes, you can focus on what truly matters — driving your business forward.
Gut feelings don't cut it anymore. Smart financial decisions demand hard data, and Intelligent Audit can transform those raw numbers into strategic gold:
Shipping costs can be a major drain on your business, no matter its size. That's where Intelligent Audit and its solutions step in. With 27 years of experience, they've helped companies like yours catch those sneaky overcharges and billing errors that often slip by unnoticed. Their clients don't just save a few dollars here and there — they've seen substantial savings that make a real impact on their financial operations.
Intelligent Audit goes beyond just cutting costs, though. They take your shipping data — the kind that typically collects dust in forgotten spreadsheets — and transform it into actionable insights. Need leverage to negotiate better rates with carriers? They've got your back. Trying to figure out why shipments to a particular region always seem to run behind schedule? They can help you crack that puzzle too. From small businesses to large corporations, Intelligent Audit provides the tools you need to make smarter decisions.
If you're tired of watching your profits erode, get started with Intelligent Audit and see what they can do for you.
Set up a call with one of our experts to discuss how Intelligent Audit can help your business uncover opportunities for cost reduction and supply chain improvements through automated freight audit and recovery, business intelligence and analytics, contract optimization, and more.
