Top 5 Reasons to Look Outside Your Company for Freight Payment Solutions

Today's lean business models strive to do more with less — more for their customers or shareholders, but with less overhead and fewer resources. Typically, this means anything that can theoretically be handled in-house is. Freight payment is such a normal part of everyday operations for so many businesses that their leaders would never even think to look outside of their own company. The reality is that this single oversight — and the countless smaller oversights that result from it — can cost a company dearly in terms of lost dollars, wasted time and disappointed customers.With that in mind, here are five reasons to look outside-of-company for your freight payment solutions:5. The game has changed. In an increasingly connected world, new customers are popping up in countries big and small across the globe. Doing business across national borders can create complexities for your Accounts Payable and Finance teams. Intelligent Audit's freight payment solutions include multi-currency accounts, so you won't have to worry about dollar conversions or language barriers slowing your service. Once your invoices come in, IA's solution can normalize the data from carriers in various countries and currencies, giving your business standardized data for reporting purposes.4. But customers still think local. People may shop globally, but they still think locally, meaning your customers expect mom-and-pop convenience and familiarity even if they're hundreds of miles away. In most cases, carriers work faster and better for you when they're consistently paid on time. Intelligent Audit helps ensure same-day release by processing invoices from carriers within 24 hours, compiling a weekly consolidated funding request that covers all of your carrier invoices, and making payments to each carrier in the timeline that meets your business's needs. While some Freight Audit and Payment Providers will hold your cash in order to make money on your money, IA keeps your funds flowing directly to your carriers to guarantee your carrier relationships remain healthy.3.Transportation is an island of an industry. It's no secret that carriers don't work the same as most businesses. In fact, most carriers don't work the same as each other. They speak their own language and use their own metrics. If you want them to get on the same page as your business, or at least meet you halfway, you need experts who can bridge the gap. With a proper freight audit solution in place on the front end, you can be sure there are no overcharges or billing errors and that your contracted rates are in compliance before payment. As your carrier liaison, Intelligent Audit can transition your carriers' invoices from paper to electronic in the form of EDI. Additionally, IA can answer any of your questions about remittance advances, open balances, and any other freight payment issue standing in the way of your profits.2.Cost allocation is mission critical. Taking all the above into consideration, it's no surprise that cost allocation has become such a huge part of your shipping operations. It has to be. Recognizing this new reality, Intelligent Audit has developed software that can GL code more shipments than any other application on the market and allows IA clients a portal to manage and resolve exceptions quickly. Our GL Coding Service allows you to determine your true net-landed-cost down to the SKU-level of detail, as well as streamlining your budgeting, recordkeeping and shipping processes.1. The Bottom Line. Why look outside for freight payment solutions? Because at the end of the day, it's worth it. Deployed with Intelligent Audit's audit and recovery solution, IA's freight payment service is a sure net-positive venture for your business, as any fees would be more than covered simply by the funds IA will recover through its pre-payment comprehensive audit.To learn more about Intelligent Audit's freight payment service, as well as other IA solutions, fill out the form on the right.