Freight Audit Software

Freight Audit Software

Does your business currently conduct a regular freight or parcel invoice audit? If not, then you’re losing money–even if you’ve negotiated the best contract in the world. The truth is, shipping logistics have only grown more complicated in the last several years, and supply chain issues are expected to persist well into 2022. That means more late deliveries and damaged freight, which can lead to a stain on your reputation and bottom line.

So, what can you do?

In this article we’ll answer “Why should you perform a freight bill audit?” and go over how freight and parcel audit software can streamline your freight audit process and save you money–up to 25% when combined with contract negotiations!

Why Are Freight Audits Important?

Freight audits are important because they ensure you’re getting the services your carrier agreed to at the rate they promised. Even successfully negotiated contracts can contain unexpected costs once the shipping process is carried out.

Mistakes can happen even when your carrier is putting forth their best honest efforts. Late deliveries, duplicate charges, incorrect weights, and lost shipments are all unfortunate parts of the shipping process. While these mistakes can’t be eliminated, you shouldn’t be responsible for them. Conducting regular freight audits helps you to identify overlooked charges and get refunded by your carrier.

At its core, audits are needed for freight reconciliation. So, what is freight reconciliation? This process compares your freight payment with each invoice to search for discrepancies. You paid for an entire truck of pallets to be delivered, but were any damaged during transport? A freight audit identifies if they were so you can request a refund from your carrier.

What Is Freight Audit Software?

Freight audits can be time-consuming and prone to human error, but with freight audit software, you can automate the process and cut down on mistakes. Most programs have functions to store and sort your payments, invoices, and other relevant data. To streamline the process even more, you can integrate freight audit software with your workflow program so you can see when what you’re paying doesn’t align with the service you’re receiving.

When it comes to increasing your consistency and accuracy of freight audits, using software is a huge step up from conducting manual audits. However, you still need to be diligent when entering data and interpreting the results of the audit.

So, you’ve decided to implement freight audit software, but you want to take your process to the next level. What’s next? Combining your software with a team of analytical professionals can ensure that you not only identify overlooked charges but can chart the best path going forward. At ShipSigma, we use AI-driven technology to completely eliminate human error while integrating live market data. And the best part? We send regular reports so you can make the most informed decisions that save you money.

Enhancing Operational Efficiency with Freight Audit Software

Shipping and logistics have become increasingly intricate, leaving room for errors that can significantly impact your bottom line. This is where freight audit software proves invaluable. For business owners and logistics managers striving to maintain operational efficiency, deploying advanced software solutions not only simplifies the auditing process but also ensures greater accuracy and cost-effectiveness.

Why Choose Freight Audit Software?

In a fast-paced industry where time and accuracy are crucial, manual audits are no longer viable. Freight audit software automates data collection, sorting, and analysis, effectively mitigating human error. At ShipSigma, we leverage AI-driven technology that integrates live market data to ensure your audits are not only precise but also actionable.

Key Benefits:

• Automation: Streamline tedious auditing tasks and minimize the scope for errors.
• Data Integration: Centralize all your invoices, payments, and shipping details for quick access and review.
• Cost Savings: Identify discrepancies and secure refunds, contributing to significant cost reductions.
• Time Efficiency: Free up resources to focus on strategic planning and other core business operations.

How ShipSigma Elevates Your Freight Audits

ShipSigma is not just another software provider; we are your strategic partner in logistics management. Our platform leverages cutting-edge AI technology to provide unparalleled accuracy in freight audits. Additionally, we offer comprehensive reports that give you actionable insights for making informed decisions.

What Sets ShipSigma Apart?

• Proven Savings: Our clients achieve an average cost saving of 25.2%.
• Reliable Results: Over $92 million in customer savings to date.
• Performance Guarantee: If we don't save you money, you pay nothing.
• Rapid Implementation: Start seeing meaningful results within a month of integration.

By integrating ShipSigma’s AI-driven freight audit software into your operations, you can transition seamlessly from manual audits to a more efficient, automated process, ensuring that every dollar spent on shipping is accounted for and correctly billed. Collaborate with us to optimize your logistics, enhance transparency, and ultimately, boost your profitability.

Contact ShipSigma today to unlock the full potential of your shipping operations through advanced freight audit software.

Freight Audit Checklist

The first step to saving big is to see where you currently stand with your freight auditing. Here’s a checklist to get you started:

Basic Freight Audit Checklist

• Conduct manual freight audits at regular intervals.
• Collect and organize invoices and expenses from the past 1-5 years.
• Compare how much you’ve been paying to your contracted rate and the services you’ve received.
• Identify discrepancies and ask your carrier for refunds for faulty or incomplete services.
• Analyze your data for repeated mistakes in service to develop a plan for a more efficient process going forward.

Advanced Freight Audit Checklist

• Use freight audit software, managed by your internal auditing team, to sort data like payments and invoices.
• Automate the auditing process and focus more on analysis to prevent recurring errors instead of having to catch them time and time again.
• Emphasize accuracy when updating data so that your software can make correct comparisons.

Expert Freight Audit Checklist

• Trust a third-party parcel audit service provider to manage and conduct your invoice audits using a freight audit software program.
• Reinvest saved time and energy to contribute to the business in more effective ways.
• Gain additional insights from your service provider’s analysis, so you won’t miss out on opportunities for savings now or later.

If your business isn’t checking all of the boxes for expert freight audits, then you’re leaving money on the table. The good news is that by partnering with a third-party freight auditor, you can skip right to expert level.

Get the Most Out of Your Freight Audit Software with ShipSigma

Do you want the cost-saving benefits of freight or parcel invoice audits without having to restructure your team to conduct them on a regular basis? ShipSigma specializes in saving your business time and money with our auditing software and analytics team.

Here’s why businesses continue to trust us to hold their carriers accountable:

• Average cost savings of 25.2% when auditing services are paired with contract negotiations
• Over $92 million in customer savings
• Meaningful results within a month
• We guarantee savings, and if we’re wrong, you don’t pay us a dime

Contact us today to learn how you can get the most out of your carrier contracts.