Plain speak: We secure time and cost savings through freight audit, freight payment, and logistics services for shippers. We’re standing by, ready to make your job easier, saving you money and avoiding unwarranted costs — masterfully and seamlessly.
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YOUR NEW PARTNER IN ACCURATE FREIGHT AUDIT AND PAYMENT
A powerful audit starts with knowing our domestic and international clients; what they ship and how they ship it — then creating the highest level of automation possible to audit every charge accurately and efficiently on every invoice. We analyze rate agreements against the carrier freight invoice with laser-like accuracy, searching for all discrepancies or anomalies within freight, fuel, and accessorial charges. We audit to the penny unless you tell us otherwise!
By partnering with Trans International, you can expect:
- Duplicate payment protection
- Cost avoidance - money you did not even know you were spending
- Improved carrier relationships
- Laser-accurate audits and actionable analytics
- Cost reductions you can depend on
- Time savings you can reinvest
WHY ARE FREIGHT AUDITS SO IMPORTANT?
Do you know what your freight spend is? Do you know if your freight spend is increasing, and if so, where, or why? Are you validating every charge on every invoice to ensure the charge is accurate and not a duplicate charge already paid?
Auditing freight invoices can save your company hundreds of thousands of dollars annually, if not more. On average, auditing can reduce freight costs by 3-5%. Auditing also gives you the peace of mind that you are not spending more than what you should.
Trans International’s data experts oversee the whole process including key areas that can provide significant cost savings.
1. Duplicate Payments
Avoiding duplicate payments may be one of the most important results of auditing freight invoices. Ensuring solid processes and control measures are in place to capture a duplicate invoice as well as any individual duplicate charges can save millions of dollars each year. We prove this regularly.
Regardless of mode of transportation or method of delivery e.g., paper, EDI, etc., duplicate invoicing is a standard practice that our team at Trans International can help you avoid. We have designed a proprietary duplicate payment protection process to ensure you never pay for the same charge twice.
2. Accessorial Charges
Accessorial charges are the extra fees that carriers add to an invoice for additional services tied to transporting freight. Anticipating and planning for these fees will give you the advantage to negotiate better rates with carriers and mitigate avoidable expenses.
While many accessorial charges are required and allowable, there are still many that are not. Auditing will assure that only the allowable charges are paid - and paid accurately. Analyzing these charges month over month will also quickly uncover trends and additional potential opportunities to protect you from overspending and further reduce costs and improve efficiencies.
3. Freight Class
Understanding freight class for all your products is critical in measuring freight spend, as it can have a direct impact on freight audit payments and costs.
Determined by the National Motor Freight Traffic Association (NMFTA), freight class is assigned by a product’s:
- Density
- Value
- Stowability
- Handling
- Viability
Freight class is made available through the National Motor Freight Classification (NMFC), which assigns every shipped item an NMFC code and corresponding freight class.
Every shipped item is assigned an NMFC code and corresponding freight class. If the class is not determined and/or correctly listed on the Bill of Lading (BOL), the shipment made be inspected and rated at a more expensive class. Additional reclassification fees may be charged as well. Some of these additional fees (costs) can be avoided with a few preventable measures.
FREIGHT PAYMENT OPTIONS AND OPTIMIZATION
Fast and accurate, our payment options and optimization tools greatly reduce invoice processing times and costs ensuring your carriers are paid accurately, and timely, while giving you full visibility to data and accruals.
We strive to process invoices at the highest level of automation possible to increase efficiency and reduce cost. Automated invoices can be inline for payment as fast as 2-3 hours!
Proactively managing the bill flow process and working directly with the carriers guarantees nothing falls through the cracks. The result builds better carrier relationships and means no surprise large accruals you did not know about!
Our software features include:
- Custom-built solutions
- 90% EDI processing
- OCR technology
- TMS/ERP Match Process
- AutoRater: 85% invoices rated through automated rating engine
- AutoCoder: GL Code applied through automated coding engine
- Multilayer duplicate & overpayment protection
- Accessorial Tracking and Trending
- Carrier/Plant Scorecards
- Interactive, Web-Based BI Dashboards
- Web-Based Ad Doc Reporting
- Carrier Invoice Reconciliation
Trans International is dedicated to building partnerships with our clients, reducing freight costs and saving valuable time, while providing full data visibility and logistics expertise. Creating an automated and streamlined bill flow process improves carrier relationships and guarantees peace of mind! For inquiries or further information, please contact our Sales Team at [email protected], or by calling (262) 253-3500.