Spend Intelligence Archives

How UPS surcharges affect the U.S. Peak season shipping costs?

November 25, 2024

by Blog Spend Intelligence

There is a nip in the air. Excitement is building towards the upcoming holiday season. Competitive e-commerce retailers are offering the best Black Friday sale pitches. Shippers are offering early deals to customers to offset parcel delivery costs. This is because shipping expenses increase during the holiday season.

Moreover, shipping carriers like UPS and FedEx announced their Peak season surcharges for 2024 in July. These surcharges add to shipping costs, so companies must plan for them.

FedEx GRI and surcharges were a part of our earlier article. This article will examine the UPS surcharges in 2024 in the Peak Season. In addition, we will discuss the Peak Season Surcharge and ways to lower shipping costs.

Initially, let’s understand what the Peak season surcharges are.

Peak Season surcharges

The year-end holiday season in the U.S. is the Peak Season. The excess fees carriers charge shippers during this period are Peak or Holiday season surcharges. This year, the holiday season is shorter, consisting of only 17 operating days. It will put more pressure on the shippers and shipping carriers to deliver parcels on time. So, many shipping carriers charge extra fees for operational challenges like hiring more labor, fleet expansion, etc.

FedEx and UPS have released their General Rate Increase (GRI) for 2025. The rate increase has impacted the shipping costs for many companies. Further, UPS and FedEx have announced their Peak Season 2024 year-end holiday schedule and rates. The shipping rates depend on delivery locations, shipping volumes, and more. UPS mentions the Peak season fees as Demand Surcharges.

UPS surcharges in the Peak season

According to the UPS year-end holiday schedule, some packages will be delivered after the holiday for select services, like UPS Next Day Air®. The details of the UPS holiday schedule are available on their site.

The surcharges in focus in the Peak season are

Additional Handling surcharges include special handling of packages determined by UPS. For instance, the packages weigh more than 50 pounds. Further, these charges are calculated based on length, width, length plus girth, and packaging.
The Large Package surcharges are for packages whose length and girth are more than 130 inches.
The Over Maximum Limits surcharge applies to packages that weigh more than 150 pounds and more than 108 inches lengthwise or 165 inches length plus girth combined.

Detailed information about UPS surcharges applicable from October 20, 2024, is available on the UPS website.

UPS is levying extra fees on Additional Handling and Large packages for all U.S. domestic, export, and import shipments. This demand surcharge is only for businesses that have been,

in any week after February 2020
invoiced for more than 1,000 total packages, or
invoiced for more than ten combined Large Packages or packages requiring Additional Handling

or,

after December 31, 2020, set up a new UPS account.

Moreover, all packages with Over Maximum Limits will be charged more.

The UPS Demand Surcharge was $ 3.50 per package for Additional Handling and $40 for Large Package surcharge before September 29, 2024. The Additional Handling surcharges increase from September 29, 2024, to January 18, 2025. They range from $7.75 to $9.95 per package. Further, the Large Package surcharge varies from $84.75 to $99.00 per package from September 29, 2024 to January 18, 2025. On the other hand, Over Maximum Limits charges are from $445 to $495 per package in the same period.

UPS surcharges for services

UPS has varying fees for service levels like SurePost, Ground Residential, and Air. The Demand surcharges vary from $0.25 to $2.00 per package. This surcharge will apply from October 27, 2024 to January 18, 2025. UPS will charge a demand surcharge for businesses invoiced any week after October 2023 for more than 20,000 packages. Only some UPS Air Residential, UPS Ground Residential, and UPS SurePost packages will be affected by these additional fees.

Further, weekly UPS Demand surcharges are levied for some services. These services include UPS SurePost®, UPS Ground Residential, Next Day Air Residential, and All Other UPS Air Residential. This fee is calculated for each package based on the percentage of Baseline volume from October 27, 2024, until January 18, 2025. Baseline volume is a customer’s average weekly volume for certain UPS services. For more information on this UPS Demand surcharge- read the details on the UPS Demand Surcharge page.

Chief Changes in the UPS Demand Surcharges of 2024

UPS Demand surcharges for 2024 are steeper than in previous years. UPS has applied different rates rather than a single rate throughout the holiday season. In addition, some UPS Demand surcharges start in September compared to previous October start dates. UPS Peak season has exorbitant charges from November 24 to December 28, 2024. The surcharge amount is the maximum for each package during this period.

What are the strategies to adopt in Peak season 2024

Shippers are planning ahead to balance the shipping revenue for the holiday season. Businesses are adopting different strategies to tackle the hike in UPS Demand Surcharges. These strategies include

negotiating discounts with shipping carriers to avoid paying the extra fees
encouraging customers to bunch up orders to decrease shipping costs
using alternate regional carriers that offer low-cost delivery services
giving incentives to shoppers to shop early so that shipments are spread across the Peak season

These strategies in the Peak season also depend on the businesses’ shipping volume, package weights, etc. Further, shippers can invest in advanced technologies that can anticipate the surcharges.

Software that predicts shipping patterns and automates shipping processes reduces shipping costs. Businesses can efficiently manage their shipping costs by getting the best services from UPS. Alternatively, partnering with parcel audit firms helps shippers gain from the Peak season surcharges.

How Audintel helps to mitigate Peak season surcharges

The Peak season surcharges levied by shipping carriers are confusing. We simplify the charges for shippers so that they can plan shipping strategies. Audintel provides auditing solutions offering businesses insights into their shipping profile. Shipping data is the key for shippers to find ways to reduce shipping costs. Audintel’s Transportation Spend Management (TSM) solutions give an overview of the optimum services for businesses.

In addition, Audintel’s AI-powered platform compares and analyses multiple carrier contracts. We monitor the performance of shipping carrier services for any discrepancies. Our technology-driven solutions uncover hidden costs in carrier contracts so that shippers negotiate better. Our TSM solutions aids in calculating shipping costs during the Peak season.

Audintel’s experts dive into the intracacies of UPS Peak season surcharges and advise businesses. We give negotiation tips to our clients so that they can ask for discounts during the holiday season. In this way, our team has helped many shippers save money and gain profits during the Peak season.

Wrapping it up

Companies are gearing up for the short holiday season. It is the time of the year to bring in extra revenue. Businesses have learned how to mitigate shipping expenses using intelligent software. But, naïve businesses may get hit with the unexpected, steep charges levied by UPS. Shippers with investments in state-of-the-art auditing technologies will not be affected much. Shipping data from auditing invoices will help businesses negotiate with shipping carriers for discounts. In addition, insightful strategies will help shippers reduce shipping costs during the holidays.

Companies benefit immensely from parcel audit experts like Audintel. Our next-generation technological services and tools efficiently find ways to decrease shipping costs. Shippers make informed decisions based on the shipping data at their fingertips. Businesses can enhance their profits with Audintel’s auditing solutions. Contact us at +1 (619) 354 8539 to learn more about the impact of increasing expenses due to UPS Demand surcharges. To know how to lower rising shipping costs, visit our Audintel website.

Shipping Analytics Reporting Solutions

Businesses need clarity on managing shipping operations. Customized shipping analytics reports provide in-depth information to shippers. These reports help organize, plan, and execute shipping strategies. Advanced software tools analyze the shipping data for packages for better logistics solutions. The data is represented in Analytics Reports.

The various shipping data elements are integral to shipping operations. These Analytical Reports comprehensively capture the shipping data elements for easy understanding. The crucial data parameters include:

Order date: the date when the customer placed the order
Order number: unique code that identifies the order
Shipping date: the date when the order is shipped
Package cost: the amount for the package, including the taxes
Package weight: The weight of the package that determines the cost
Shipping name and address: Name and address of the company shipping the package and mentioned on the shipping label
Recipient’s name and address: Customer’s name and address where the package needs to be delivered, with a mention on the shipping label
Carrier: the shipping carrier transporting and delivering the package
Tracking number: a unique reference number that signifies the delivery status of the shipment

Many elements, such as billing address, shipping zone, insurance, etc., are a part of the shipping data. In addition, complicated shipping data gets simplified in these analytical reports.

These Analytical Reports consolidate the total shipping expenses, number of packages, carrier charges, and surcharges for each shipment. Further, it can give an overview of the service levels, types, and shipping methods. These reports also can calculate the shipping costs for quick deliveries. It helps in inventory management, customer preferences, and resource management. Data Analytics tools compile shipping data into Shipping Analytics Reports.

How are Shipping Analytics tools prepare reports?

Shipping analytics data is crucial for shipping data analytics tools. Key performance indicators (KPIs) of shipping carriers, like shipping rates, average delivery times, and exceptions, are tracked. Automated systems gather data from customers, carriers. Additionally, securing refunds from carriers plays a vital role in reducing costs.

Software platforms analyze historical shipping data for inaccuracies. Their integration with supply chain management can enhance order fulfillment processes. Software tools allow real-time tracking of shipments and carrier performance insights. This data is compiled into these Analytical Reports, allowing shippers to optimize their shipping processes.

Shipping Spend Reports

Shipping Spend Reports update shippers on the number of shipments in a specific date and time range. The details of the shipping volumes and expenses of every shipment are in the reports. Software platforms have dashboards that give an overview of the different reports. These spend reports can be generated manually or scheduled to be received on a preferred day, depending on the selected filters.

Various analytical reports are categorized depending on the date, service levels, shipping methods, etc. Shipping spend is calculated on the amount businesses spend on parcel carriers. It involves controlling shipping expenses incurred on the services offered by the shipping carriers. Further, the reports contain data on the amount spent on surcharges and minimum charges. Shipping Spend Reports provides cost-cutting options for businesses.

Parcel and freight spend management analyzes the shipping costs. Shippers save money by automating logistics and auditing billing invoices. Businesses can employ audit services to cut down expenses. Parcel and Freight auditing solutions offer Shipping Analytical Reports to shippers. In addition, parcel audit software helps companies to oversee their shipping costs.

Best Parcel Audit Software in USA and Canada

Many companies offer parcel audit software to streamline shipping operations. Technological advancements are providing valuable insights into businesses in USA and Canada. Audit software has features that quickly identify billing mistakes and track shipments. It can monitor the performance of shipping carriers. Further, shipping data can help shippers get better discounts with carrier contract negotiations.

In USA and Canada, cloud-based solutions and AI-powered features are the mainstay of the best parcel audit software. They enable businesses to be efficient and cost-effective. Shippers can identify areas for improvement with the parcel audit software. For instance, parcel software companies can automate refunds for late deliveries and surcharges.

U.S., Canada, and Mexico businesses invest in state-of-the-art shipping software. Companies gain cost-effective solutions with automated parcel auditing platforms and Reporting solutions. It explores whether shipping carriers have complied with the service level agreements. Further, it identifies shipping carriers that have not applied discounts to shipments.

Parcel auditing services of Audintel with Shipping Analytics Reporting solutions

Audintel offers parcel and freight auditing services to its clients. Our software tools help increase the efficiency of shipping operations. We have customized Shipping Analytical Reports that cater to big and small businesses. Our reports give clients easy access to shipping data at their fingertips. Audintel has notable Analytical Reports such as:

Annual Summary Report- a yearly summary of all the expenses for each package and each service
Service Level Summary Report-shipping expenses by service level, including discounts
Account Numbers Report– total shipping expenses for each account number
Analysis Details Report– in-depth analysis of each package shipped
Service and Zone Report– weight of packages by service and shipping zones
Net Spend Summary Report-a business’ total spends and refunds
Service Summary Report-overview of all the services used by the client

In addition, we have different analytical reports that are categorized based on the shipping carriers’ performance. Shippers can easily view these reports and make selections for quick reference. Our reporting solutions give complete information regarding refunds from shipping carriers. For instance, one can view refunds of each package by service type with a client account number.

Audintel offers parcel auditing solutions that also include reporting solutions. Clients can customize various analytical reports according to business needs. Our Transportation Spend Management (TSM) tools can save money and cut costs. Businesses in USA and Canada can get valuable insights into their shipping expenses with maximum efficiency.

Wrapping up

With the holiday season upon us, businesses are searching new avenues to save money. Companies can uncover cost-saving opportunities by leveraging shipping analytics. By analyzing shipping expenses, one can identify areas of inefficiencies. Data Analytics and advanced shipping software tools can aid shippers in saving money. Analytical Reports brings all the shipping analytics in one place.

Partnering with Shipping analytics experts is an intelligent move for shippers. At Audintel, we transform shipping operations for shippers with our technology-driven software platform. Parcel auditing by Audintel unearths billing mistakes and unwarranted charges on shipping invoices. Our next-generation automation platform diligently audits parcel and freight invoices. We have software tools that undertake the claim filing process for all major shipping carriers. In addition, we have a dedicated Call Centre and Back-support team that negotiates claims with shipping carriers. USA and Canada has several parcel audit software providers. Audintel, with its parcel and auditing services, can outdo any parcel audit software. Call our experts at +1 (619) 354 8539 for information on our various analytical solutions. In addition, you can learn about our various services by visiting the Audintel website.

Small Parcel: Reduce the complexity with our simplified solution

March 22, 2024

by Blog Spend Intelligence

Businesses are competing with each other to provide the best customer experience. Be it the shipping costs or faster delivery time. Moreover, a customer’s decision to buy depends on shorter delivery times. The transit time for small parcel deliveries is three days or less. According to some reports, the parcel delivery market will grow 4.2% from 2024 to 2030. Expanding e-commerce companies are driving the parcel delivery market.

Due to a decrease in shipping volumes, small parcel shipping costs may increase in 2024. It will affect small and medium businesses with low shipping volumes. Companies require intelligent shipping options for small parcels. Shipping experts like Audintel can help plan small parcel shipping strategies by leveraging customer data.

The importance of small parcel audit and parcel shipping services was a part of our earlier blogs. This article will discuss how Audintel simplifies the complexities of small parcel shipping.

Small Parcel Shipping Services

Small parcel shipping is cost-effective for many businesses. Transporting lightweight and small packages is economical. Companies can optimize their shipping costs by opting for small-parcel shipping. Bulkier shipping orders will increase shipping costs. The process of shipping small parcels can overwhelm any shipper. Thus, it is necessary to choose the right small parcel shipping company. The shipping partner should understand the business needs and contribute to its long-term success.

Small parcel shipping services consist of

Ground Shipping

It involves transporting small packages by road or rail. It is the most cost-effective way of sending small parcels.

Shipping by Air

Time-sensitive shipments are sent by air, ensuring faster delivery of small packages.

Expedited Services

It involves shipping small packages through a fast courier service. Small parcel delivery can happen in a day, though expensive.

Economy Services

It involves the cheapest way to ship small packages domestically or internationally. It is ideal for less time-sensitive packages.

Small parcel shipping costs vary on factors like shipping rates, weight, size of packages, and surcharges. Further, shipping destinations, carrier selection, and volumes can impact expenses.

Shippers can ship small packages through various small parcel couriers and delivery companies. Small parcel delivery companies offer many services. The major shipping carriers are UPS, FedEx, and USPS. Regional shipping carriers also provide faster and more economical services.

Small Parcel Delivery Services

Small parcel delivery requires a parcel to be picked up, processed, and delivered from one place to another. Small parcel delivery services involve delivering packages of a certain weight. If the package weight surpasses the desired limit, it gets freight charges.

Shipping service pricing depends on factors: weight, size, distance, and speed. A well-designed packaging technique prevents paying high delivery charges. Shippers will know their package dimensions and weight to reduce parcel delivery prices. Further, consolidating shipments helps in decreasing shipping costs and increasing profit margins. Optimizing small parcel delivery prices is a vital facet of small parcel logistics.

Small Parcel Logistics

Many logistic companies provide efficient and reliable small parcel delivery services. They use technology in their fleet of vehicles to deliver small packages on time. 3PLs offer competitive rates for small parcel delivery services. The services include real-time tracking of small packages. In addition, the latest GPS technology benefits drivers of courier vehicles. They can deliver parcels faster with the best route for travel.

Small parcel fulfillment is possible through a 3PL provider for faster delivery of small packages. A 3PL company chosen based on the location of the target customers can reduce transportation costs. Order routing and efficient inventory management help in delivering small parcels on time. Real-time data allows shippers to keep track of their shipments.

Logistic companies help in negotiating discounted bulk shipping rates for shippers. For instance, USPS offers the cheapest way to ship small packages. They get competitive rates by partnering with regional parcel carriers. Shipping options for small packages offered by regional parcel carriers are cost-effective. Further, they provide full tracking and same-day delivery services. Sometimes, parcel carriers offer flat-rate shipping that benefits businesses. Shippers pay a single rate where their package falls within a weight and size category.

Different shipping options for shipping small packages

Multiple shipping options are open for shipping companies.USPS (US Postal Service) is the cheapest way to ship small packages domestically. Shipping rates charged by USPS Priority Mail or USPS Ground Advantage are less those of UPS, FedEx, or DHL.

International parcel shipping costs depend on global import regulations and duties. The parcel shipping costs vary depending on the destination and the shipment value. UPS is usually the preferred parcel carrier for shipping packages to long distances.

Based on the delivery time, many shipping options are available. For two-day small parcel deliveries, small parcel carriers offer discounts. For example, UPS 2nd Day Air and FedEx 2Day offer cheaper shipping services. 3PLs also help in negotiating discounts for premium overnight services. Ex. UPS Next Day Air and FedEx Standard Overnight services for overnight shipping of small packages.

Small Parcel Shipping Solutions

Advanced technology tools help small businesses streamline their parcel shipping processes. Adopting a multi-carrier strategy for shipping small packages is a good option. Further, small parcel management technology gives shippers insights into parcel carrier selection.

Audintel offers a range of small parcel shipping solutions for businesses. These include:

Providing SaaS solutions for third-party logistics partners transforming their business processes.
Improving data visibility in real-time with Business Intelligence tools
Help make crucial decisions in choosing parcel carriers by comparing data
Automating invoice audits that help in efficient invoice processing
Timely carrier invoicing and improving bill payment processes

Further, Audintel has various intelligence tools and technologies aiding companies. Our tools include easy-to-understand intuitive dashboards that provide clients with information immediately. They provide a graphical visualization of KPIs with insights into transportation spend. We increase operational efficiencies and reduce shipping costs.

Audintel’s team of experts analyzes the shipping profiles of clients and provides shipping reports. These shipment reports give in-depth shipping details to companies so that they can reduce shipping costs. In addition, we advise clients regarding the shipping rates of parcel carriers. Our team reviews Carrier Pricing Agreements that help in carrier contract negotiations.

Our Transportation Spend Management (TSM) services allow timely processing of carrier invoices. Cloud-based TSM tools reduce parcel shipping costs with accurate transportation data. We have professionally trained staff that help clients save more in refunds and claims from shipping carriers. Audintel’s cutting-edge technology simplifies transportation spend management services for shippers.

To sum up

Businesses can improve their operational efficiencies with the increasing demand for small parcel shipping. New-age technologies like AI provide valuable insights into shipping performance data. Further, drone deliveries give a glimpse into faster small parcel deliveries in the future. Tracking technologies allow businesses and customers to track their parcels in real time. Further, comprehensive small parcel audits help reduce shipping costs.

Audintel helps shippers save parcel shipping costs with its AI-powered technology tools. We provide comprehensive shipping information to clients in a simplified way. Our experts advise clients on small parcel shipping services. Audintel’s team helps businesses increase profit margins with simple small parcel shipping solutions.

Contact us to learn about our exciting small parcel shipping solutions at +1 (619) 354 8539. Further, you can learn about the various services provided by us on our Audintel website.

Small parcel audit to improve bottom line

Small parcel audit: necessary to improve your bottom line

February 12, 2024

by Blog Spend Intelligence

Same-day shipping has become the norm for most e-commerce orders. Further, according to reports, e-commerce sales are growing exponentially every year. Emphasis on digitalization and cashless payments are on the rise. There are chances of shipping and invoicing mistakes by shippers and shipping carriers. Identifying these mistakes is essential for conducting profitable businesses. A small parcel audit helps shippers identify and rectify these mistakes.

In this article, we will explore the concept of small-parcel shipping. In addition, we will discuss small parcel auditing. We will also discuss why small parcel audits are necessary for logistic businesses globally.

Small parcel shipping

Small parcels are packages that weigh less than seventy pounds. Goods get packed in envelopes, poly mailers, or boxes for cost-effective shipping. Customers receive their small parcels through shipping carriers. Shipping small parcels requires careful planning and good logistics. The choice of shipping carriers can impact the shippers’ bottom line.

Small parcel delivery is vital for businesses to retain their reputation. Shippers face the customers’ ire if a small parcel gets delayed, damaged, or misplaced. Customer satisfaction is paramount for business to grow. Thus, tracking small parcel deliveries and saving time is necessary for shippers. A small parcel audit can help any business save money and time.

What is a small parcel audit?

A small parcel audit involves reviewing shipping bills and invoices. It helps identify overcharges and service failures by shipping carriers. Many shipping carriers like FedEx, UPS, and DHL promise refunds for errors or service failures. A small parcel audit reviews each shipment for errors and service failures. In addition, it conveys the results to the shippers for appropriate action.

What are service failures?

Small parcel delivery services are possible through small parcel carriers like FedEx, UPS, Ontrac, DHL, CanadaPost, Purolator, etc. Their failure to ship small parcels as committed is a service failure. There are several service failures from shipping carriers.

Some of the service failures by shipping carriers include:

Late deliveries- Delivery to the customer beyond the committed time and date.
Voids- Packages are billed but not shipped.
Duplicate charges- Invoice billing done twice.
Avoidable address corrections- Charges for trivial address corrections.
Incorrect dimensional weight charges- carriers have taken the wrong measurements of the parcel.

Account validation – failure to validate shipments considered for payment for an existing customer account number.
Proof-of-Delivery –incorrect identification of POD or an invalid POD.
Zone validation – fail to use correct postal codes to validate carrier zone assignment.
Erroneous rates- the shipping carrier has given the incorrect discount.

These service failures need rectification immediately so that shippers do not lose money. Logistic businesses can claim refunds for service failures from small parcel carriers. Further, it can reduce shipping costs.

Small parcel auditing

Earlier, there was manual parcel auditing. Employees had to identify all billing errors physically. They had to review several invoices. The review of excessive paperwork was tedious. Shippers had to hire specialist auditors for this labor-intensive work. It took time to gather information and was not cost-effective. Many resources had to spend time and money during auditing. Shippers could save money and resources by adopting small parcel auditing software.

Software-assisted small parcel auditing

US parcel shipping volumes are likely to reach 225 billion by 2028, according to Pitney Bowes Parcel Shipping Index. There’s a need to optimize shipping operations with shipping volumes increase. Shipping companies have started adopting software technology, which is maximizing their profits. Shippers require in-depth visibility of parcel spend with the help of data. Further, shippers can review their invoices digitally. By analyzing the data readily available, enhancement of shipping methods is possible.

Small parcel auditing is possible with specialized software. It gives complete visibility of the shipping operations. Small parcel management with real-time tracking of shipments is beneficial for shippers. Further, refunds for late deliveries from shipping carriers aid businesses in saving money and time. In addition, surcharges like residential delivery surcharges, address correction surcharges, remote area fees, etc., are monitored by the software. Businesses can avoid extra fees with data-backed small parcel audit software.

Small parcel audits benefit a logistic business

Small parcel audits are essential for logistic business operations. These audits help in saving shipping costs for shipping companies. Businesses can monitor the complexity of managing fees, agreements, and money-back guarantees. Small parcel audit processes reduce overall shipping costs for companies. Shipping costs can decrease to about 20% by claiming eligible refunds from shipping carriers.

Small parcel audits allow businesses to save money through refunds from small parcel carriers. Small parcel audits help in the timely identification of late deliveries and automatic refunds. Moreover, shippers can profit by renegotiating their carrier contracts with the shipping carriers. Shippers can negotiate for an advantageous deal with valuable insights from small parcel audits.

Additional benefits of using small parcel audit services

Shippers can save immensely by reviewing data from small parcel audits. It helps shippers to understand any inefficiencies in their systems. These audits identify additional surcharges to companies. For instance, a small parcel audit can identify a parcel sent to the wrong location and recover money. Based on shipment complexity, in-house auditing is expensive for businesses. And so, when logistic companies want to save time and money, they outsource to companies providing small parcel audit services.

One such company is Audintel, which can analyze data to identify billing errors and overcharges. We can strategize solutions to remedy the mistakes. We provide small parcel audit services with state-of-the-art AI-powered dashboards and business intelligence tools. Moreover, we give easy-to-understand shipping reports for businesses to save thousands of dollars.

How do small parcel audit services function?

Companies offering small parcel audit services understand the shippers’ business needs. Small parcel audit services create an online login for the shipper. Further, there is a linkage with the parcel carrier’s systems. Real-time parcel tracking till the point of delivery of the shipment is carried out. Whenever there is a service failure, the generation of an invoice occurs. Subsequently, there is an automatic invoice audit, and an automatic claim is submitted. The audit team contacts the shipping carriers with the claim. The shipping company gets a quick refund. The entire process involves a software tool working in the background.

Small parcel auditing and technology

Small parcel audit services have a dedicated database for each shipping company. There is visibility on each aspect of the shipping information. The data ranges from the parcel origin, destination, charges, etc. Small parcel audit companies use interactive, AI-powered dashboards. An automated BI platform helps to identify extra fees. They help in analyzing problematic areas and negotiate knowledgeably with shipping carriers. After a parcel is shipped, there is an audit at each level. In addition, there is evidence at each service level.

Shippers can save money by claiming UPS and FedEx refunds that otherwise go unclaimed every year. Small parcel management is possible with easy-to-use dashboards and dynamic shipping reports provided by small parcel audit services.

What are the advantages of using small parcel audit services?

The services provided by a small parcel audit company include:

E-connectivity with the shipping carrier and parcel invoicing system
Transparency in shipment operations
Tracking each parcel with accuracy
Interacting with parcel carriers to resolve any disputes
Check for any violation of guaranteed service agreements
Identifying any overcharges made by the parcel carriers

Small parcel audit services provide support to logistic companies. The experts providing these services are well-versed in each aspect of the shipping process. Their exhaustive auditing processes help shippers reduce costs.

Summary

Customer satisfaction is paramount for the logistics industry. Customers can change their choice of company or business based on a bad or good shipping experience. It is painful for shippers if they lose customer trust. A small parcel audit helps identify each charge and ask for a refund. It is vital for real-time confirmation of billing errors. Logistic companies can reduce shipment spend by doing a small parcel audit. Audintel provides small parcel audit solutions for seamless shipping operations.

For further queries on small parcel audits, please call Audintel at +1 (619) 354 8539 or drop a mail at [email protected].

Shipping Reports: Parcel shipping analytics in a nutshell

January 23, 2024

by Blog Spend Intelligence

The rise in the e-commerce market has revolutionized the parcel delivery industry. Some reports have predicted an increase in the parcel delivery market. With digitalization, the delivery sector has undergone many technological advancements. As customer expectations rise, businesses focus on technology. New technologies enhance operational efficiency.

Innovations and AI are powering the logistics ecosystem. Businesses use wireless devices and IoT systems to track shipments in real time. It ensures the safe movement of goods and triggers alerts when errors arise. Some logistic companies have also used drones for their last-mile delivery of goods. Using drones in the future will cut shipping costs and speed up delivery time.

Shipping data allows logistic companies to optimize their shipping operations. Towards this end, shipping analytics tools gather and analyze data to identify mistakes. Further, shipping reports provide insights into parcel spend management. We have covered reducing shipping costs with shipping reports on this blog before.

This article gives an overview of parcel shipping analytics and the necessity of shipping reports.

Parcel shipping analytics

Shippers face the challenge of cost-effective and fast delivery of packages to satisfy customers. In addition, they have to deal with supply chain challenges that increase delivery time and costs. Parcel shipping analytics involves data analysis. Data analytics can identify patterns related to shipment delivery on time and other shipping metrics. It gives business intelligence tools to companies for streamlining their processes. Further, shipping analytics tools provide intelligent shipping reports to help in business growth.

Features of shipping analytics

Shipping analytics tools sift through data relevant to improving business finances. The features of shipping analytics include:

Data normalization

It is the process of eliminating inconsistencies in data and reorganizing data in a database. Data standardization occurs across the entire system. Shippers can run quicker queries through the massive data collection during shipping with data normalization. The chances of data duplication and errors decrease, thus unlocking business potential.

Forecasting

Businesses get insights into future supply and demand patterns with forecasting and predictive analytics. It helps shippers to plan inventories, manage warehouses, schedule shipments, and order fulfillment. Further, it aids businesses to understand customer demand, purchase behavior, and preferences.

Route optimization

Technology simplifies shipment route optimization. Artificial intelligence (AI) and machine learning can optimize routes with data from trackers on vehicles, real-time traffic updates, weather reports, etc. Moreover, data from different sources allows shippers to deliver time-sensitive goods, update the route in real-time, and improve customer experience.

Predicting shipping locations and time

Predictive analytics gives shippers and customers the shipping time estimation of goods. The companies and customers will know when and where the shipped goods will arrive. The information helps shipping carriers plan their routes and the ports for offloading the goods.

Shipping analytics tools help analyze data and generate shipping reports.

Shipping reports

Parcel or freight shipping analytics information is present in easy-to-understand shipping reports. Businesses can analyze their shipment performance with user-friendly shipping reports. Searching, sorting, and selecting the criteria in each shipment in detail helps shippers.

Multiple shipping reports can narrow the data to a particular time or date. For instance, companies can filter shipping reports by date, service level, carrier, customer, and more. Customized shipping reports help shippers monitor shipping rates and carrier performance.

The calculation of shipping costs is possible with the help of the shipping reports. For example, fees will vary for delivering goods to Zone 2 from that of Zone 8. Shippers can opt for 3PL for last-mile delivery of goods.

Shipping reports provide real-time shipping information that assesses painful points for better operational excellence. They also contain outbound or inbound goods in transit or delivered to the customer. Further, they provide information on old pending bills and time-sensitive shipments. Shipping reports are created based on a company’s needs. Shippers may require personalized reports for quick reference.

Our previous blogs gave insights into the shipping reports offered by Audintel. We also have highlighted four critical shipping reports aiding spend management.

Importance of Carrier Performance Analysis

Shipping reports also help businesses in choosing shipping carriers based on their performance. Shipping analytics tools do a carrier performance analysis. Important factors help assess various shipping carriers’ performance. One of the factors includes ranking shipping carriers on their on-time performance and invoice accuracy.

Further, shippers will get information about the actual cost in the invoices rather than the planned cost. Companies use alternate shipping carriers if the shipping carrier rates affect their profit margins. It will allow businesses to choose the shipping carriers best suited to their needs..

How to analyze real-time shipping performance data

Shippers can monitor and track real-time shipping performance data with data analysis. Intelligent solutions can analyze the shipping data to save money. Factors like order accuracy, inventory tracking (including returns), delivery time, etc., are shipping performance indicators. Better visibility of real-time data gives businesses a clear overview of missed or late deliveries, thus enabling them to take action. In addition, shippers can ensure that the shipping carriers are sticking to their carrier contract agreements.

Shipment automation for optimization

Shipment automation helps in the optimization of business operations. Automating shipping processes can reduce the risk caused by manual processing. Further, it can minimize the costs for re-shipments or returns. Customized cloud-based applications can help businesses track and manage shipments. Automated processes in the supply chain can reduce lead times, optimize inventory control, and improve customer services. Automation can process orders quickly and ensure faster delivery to customers.

Shipping analytics gives insights into supply chain management. Shippers improve their customer experience by understanding historical performance accessible in one place. AI tools can reduce the risk of overstocking while managing inventory levels. It can lead to faster processing time and lessen delays in the supply chain. Shipping reports provide insights to improve the performance of shipping operations.

Audintel: Experts in shipping analytics

A cloud-managed Transportation Management System (TMS) is essential for automating shipping operations. Audintel provides advanced TMS services to its clients. Our consulting and technology services help optimize routing networks and reduce transportation costs. We help shippers manage carrier contract negotiations to get the best deals.

Audintel provides comprehensive reporting solutions to its clients. Our shipping reports give easy access to shipping data for businesses. Shippers can improve their operational efficiency and reduce shipping spend considerably. In addition, shipping reports are user-friendly and provide cost-effective shipping solutions. We also give customizable shipping reports to our clients to help their businesses thrive. Further, our intuitive dashboards give data, thus allowing our clients to make informed decisions.

Concluding remarks

Leveraging shipping data is transforming the supply chains of many companies. Effective use of data can help bring vast profits to businesses. Shipping reports provide a comprehensive overview of shipping data to shippers. It gives visual insights into your shipping profile and the carrier’s daily delivery performance. Further, shipping reports provide details of your orders by volume, service levels, delivery time, and more. Automation helps businesses streamline their shipping processes.

Audintel has the expertise to help businesses streamline their shipping processes. We will help you understand the complexities of shipping data through your easy-to-use shipping reports. For a free demo and other consultations, contact us at +1 (619) 354 8539 or visit our Audintel website.

Minimize shipping operation costs with data analytics

February 3, 2023

by Blog Spend Intelligence

As the trend to shop online is increasing among customers, it is essential to have a robust shipping operation. Towards this end, shipping data analytics enable businesses to make better decisions and improve shipping performance.

Optimize the shipping operations of a company by keeping track of shipping orders and inventory. This blog will try to understand the steps involved in optimizing shipping processes. In addition, we will explore the different ways businesses save money by utilizing shipping analytics.

Optimization of shipping operations

Shipping costs make a massive impact on a company’s budget. Optimizing shipping operations helps in cutting shipping costs for companies. A few vital steps are involved in optimizing shipping operations and boosting profit margins. These steps include:

Use of historical data to track shipping performance
Analyzing real-time data for seamless operations
Utilizing automated, easy-to-use dashboards
Reducing hidden costs with shipping analytics and
Partnering with parcel audit services to diagnose pain points

Improving shipping operations

Enhance shipping operations with proper planning and cost-effective use of resources. Shipping processes like packing parcels will affect shipping costs. Moreover, choosing the best shipping option will affect the shipping budget. An efficient transportation management system (TMS) aids companies in optimizing their shipping operations. TMS creates transparency as companies can track shipments in real time. In addition, shippers can take advantage of aggregating multiple shipments into one order, thus saving money. Further, companies expand their businesses with different shipping routes and modes of transportation. Automated software systems and data security enhance the shipping operations of a company.

Optimization of Freight

Freight optimization involves reviewing possible modes of transport for a shipment. Diversifying vendors and carrier networks is an efficient way to secure competitive freight rates. Further, freight shippers can explore multiple routes for better markets with a freight management system. Companies can leverage the right software to stay ahead of the competition. In addition, shipping data analytics will affect the growing freight management systems.

Role of shipping data analytics

Shipping logistics management is possible with the help of automated software. With cost modeling tools and predictive rate simulation, shippers can understand their shipping expenses. In addition, a better review of delivery routes allows companies to leverage the dynamic rerouting of parcels. It prevents shipment delays so that time-sensitive and urgent shipments reach on time. Further, customer satisfaction increases with more information about the updated delivery status of shipments.

Predictive rate simulation allows shippers to visualize the shipping spend on package weights, zones, service levels, etc. Predictive analytics is to understand to determine where delays will likely occur. In addition, it helps to boost customer service levels. Moreover, Big Data in the shipping industry provides valuable insights to minimize late deliveries.

Big Data in Shipping

Big Data enables shippers to predict and address problems, prevent shipment delays, and gain a competitive edge. The different ways in which businesses can make use of Big Data in optimizing shipping operations include:

Reduce shipping costs with actionable insights into carrier contracts: with big data and shipping analytics, shippers understand shipping expenses.
Make strategic decisions: real-time Big Data analysis helps to recommend the best decisions for companies.
Recognize potential frauds: Shipping analytics solutions identify shipping patterns and detect multiple payments

Big Data in maritime analytics affords efficient bunkering, crew management, efficient cargo handling, tracking goods, fleet tracking, detecting anomalies, and more Predictive analytics is transforming the shipping industry by enhancing the safety of ships and environmental protection.Big Data controls parcel expenses with actionable intelligence. It offers valuable insights to shippers about shipping costs.

Optimizing Business Intelligence

Business Intelligence tools consider special handling and accessorial fees in calculating shipping rates. Further, business intelligence offers insights to companies on past and recent shipment movements. It provides information about how the competition behaves and knowledge about emerging markets. BI tools help to analyze massive amounts of data quickly. Audintel‘s state-of-the-art BI platform helps track shipments, refunds on late deliveries, and more.

Optimize shipping operations with Audintel

Shipping operations are improved with proper planning and by adopting the best practices. Parcel invoice audits identify errors in shipping operations, such as fuel surcharges, total spending on shipping, etc. Audintel offers parcel invoice audits to shippers for their shipping operations and helps save money. Our Transportation management system (TMS) services guide shippers on the different aspects of shipping parcels. We provide insights into carrier contract negotiations with shipping data analytics. Our team helps shippers cut shipping costs and optimize their shipping operations.

Conclusion

Operational efficiency is essential for a business to be more profitable. Optimizing shipping operations with accurate planning and bagging the best deals is vital for shippers. A robust auditing system with BI tools increases a company’s shipping efficiency and lowers operation costs. Audintel has a wide range of BI tools and state-of-the-art dashboards that transform the shipping operations of companies. We provide the competitive edge to operate efficiently in the marketplace. To know more about our services and BI platform, contact us at +1 (619) 354 8539 or visit our Audintel website.

Shipping reports: Optimize shipping performances with data

November 18, 2022

by Blog Spend Intelligence

This holiday season, economic uncertainty and rising inflation will hit many industries. Also, these industries will face customers who want more goods and services at a lesser price. Further, shipping companies deal with high shipping costs and holiday surcharges. In addition, companies will have to attract customers with great shipping experiences.

Transportation spend solutions like shipping reports make shipping simple and easy. Earlier, we had discussed shipping reports help in reducing shipping costs. This blog explores shipping reports, managing shipping costs, and shipping metrics.

Shipping reports: its essentiality

Companies require comprehensive solutions to reduce unnecessary surcharges. Automated parcel auditing help companies in saving money to a great extent. There is less reliance on manual, time-consuming manual auditing processes. Shipping reports provide companies with complete visibility of parcel shipping history, tracking data, shipping rates, and more variables. In addition, shipping reports use intelligent automation to identify billing mistakes and overcharges and efficiently track shipments. Shipping reports by Audintel give detailed, in-depth information on carrier performance, service levels, accessorial charges, etc.

Shipping cost management with shipping reports

It is becoming increasingly difficult for shippers to understand shipping rates and complex surcharges. Shipping reports provide details of the shipping processes to maximize operational efficiency. Companies that incorporate real-time analytics can provide quality service to their customers. Shippers have greater visibility in parcel spend management with the help of real-time shipping data and analytics. Further, leveraging the right technology helps in better shipping cost management.

Shipping metrics in shipping reports

Not just shipping cost management, shipping reports play a vital role in tracking the on-time delivery of packages. Shipping metrics like on-time delivery performance by shipping carriers offer clarity to shippers. It helps them recover refunds from shipping carriers like UPS and FedEx and reduce shipping costs. Further, parcel auditing involves using business intelligence solutions to reduce shipping costs. Some of the shipping metrics that are a part of shipping reports include

Accessorial charge summary-summarizes accessorial charges by invoice number
Address correction details-detailed information about the addresses that are corrected
Weight adjustment details-original weight and billed weight of package adjustments are listed.
DIM weight verification-details the dimensional weight variations of packages
Lost or damaged packages details-lists the lost or damaged packages
Invoice summary-summarizes invoices within a time frame or date range
Insurance detail-shows the insurance packages, values, and charges for each package
Delivery status-list the delivery status of a package and confirm whether residential or commercial delivery, zone, weight, etc.

The above metrics give a glance at what to expect in shipping reports. The shipping data in shipping reports covers the various aspects of shipping a package. Companies can minimize shipping costs with quick resolution of carrier errors and additional surcharges.

Key Performance Indicators (KPIs) to track shipping performance

There are various key performance indicators (KPIs) that help in monitoring each business area. Companies benefit by spotting financial problems early, making timely adjustments, and undertaking quick decisions with KPIs. The KPIs relate to Order management metrics such as the number of shipments, shipping time, and accurate order pick-up. In addition, Transportation management metrics help improve shipping operations with freight payment accuracy, on-time delivery, and transportation costs. Using transportation management metrics, companies can automate shipping processes. They can improve inventory management and identify unnecessary charges leading to extra costs. In addition, KPI dashboards help in tracking shipping performance.

A way to lower shipping costs

Shipping reports help to analyze historical data and share results in real time. They give clarity on service errors by parcel carriers and service refunds. And so shippers can negotiate discounts with shipping carriers and lower their shipping costs. In addition, shippers use real-time data to track each shipment and reduce shipping costs. Companies can increase the delivery speed of their packages with the correct data. A parcel auditing solution provider, Audintel helps companies follow the best shipping practices and save shipping expenses.

Customized shipping reports by Audintel

Parcel auditing services of Audintel audit every overcharge and invoice error. Our services provide transparency to transportation spending management. The shipping reports provided by Audintel give in-depth information on the shipping details of shipments. Our clients can save hundreds or thousands of dollars on their parcel spend.Audintel helps companies understand their transportation spend management more efficiently. Our shipping reports track the last-mile delivery status of a package, thus giving clients peace of mind. We provide real-time dashboards and customized shipping reports that help our clients reduce shipping costs. With lower shipping costs, shippers receive a great on-time delivery experience to customers.

Conclusion

Shipping during the holiday season is crucial for all companies. Customer satisfaction and optimum operational efficiency are essential during this period. Companies optimize their shipping operations with lower shipping costs. Audintel helps companies reduce shipping costs with their data analytics tools. Our customized shipping reports allow companies to gauge their shipping expenses and save money. So, for an increase in operational efficiency and quick turnaround time, contact our services at +1 (619) 354 8539 or visit our Audintel website.

Parcel auditing services: transforming businesses intelligently

September 19, 2022

by Blog Spend Intelligence

Small parcel audits in the U.S. are vital for all businesses. Parcel audits ensure that companies are not paying more to shipping carriers. Further, timely audits can unlock savings for companies.

Parcel auditing services are necessary for shippers in the U.S. It questions businesses about optimum usage of their shipping data for business growth. Our earlier blogs were on affordable parcel auditing services. The focus was on reducing shipping costs and identifying service failures with software. This article discusses the way parcel auditors use shipping data to help shippers. In addition, we will learn about the advanced technology that aids parcel auditing services save money for companies.

Parcel auditing services and data analytics

Parcel audits involve the process of studying the shipping invoices in detail. It also requires a review of carrier contracts and discovering unclaimed refunds. Technology in the form of data analytics helps shippers save money. As companies are aware, small parcel shipping generates lots of data. Analysis of the data helps in eliminating inefficiencies and errors. Parcel auditing services use the analysed data to control small parcel expenses.

What kind of Parcel data is important?

Understanding a company’s shipping profile is essential for parcel audits. Analyzing the following data on parcels helps shippers improve their bottom line. Data covering

the shipping weights of packages
the dimensional weight calculation of parcels
the shipping zones for shipments
the parcel delivery time
accuracy of shipping invoices
various surcharges of different carriers
minimum charges of lightweight packages

Further, knowing about the shipper’s data in carrier agreements is necessary. It helps shippers during carrier contract negotiations to save money.

KPI dashboards in Parcel auditing

Similarly, Key Performance Indicators (KPIs) are necessary to check a business’ progress. In addition, it helps companies identify problems and make quick, timely decisions. The KPIs include:

Number of orders shipped
Tracking the delivery time of shipments
Identifying potential shipping issues
Shipping costs during transit
Warehouse expenses

and more.

With this in mind, KPI dashboards are vital tools for parcel auditing services. The dashboards provide a complete view of the shipping data of businesses. For instance, KPI dashboards give information about the total shipping costs of different parcel carriers. Further, the dashboards provide an overview of shipping activity, late shipments, refunds, etc. Thus, KPI dashboards provide shippers with customizable data visualization with performance indicators.

Importance of Business Intelligence in parcel auditing

Business Intelligence (BI) plays a crucial role in parcel auditing. It provides shippers with shipping reports and dashboards for managing their shipments. So, let’s understand-

What is Business Intelligence?

Business Intelligence (BI) is software that utilizes business data and makes it user-friendly. BI uses data analytics, text mining, and machine language processes. BI tools collect, store and analyze data from businesses. The data presented to users is through graphs, dashboards, charts, and reports. Further, shippers utilize the information to understand trends and variances. Thus, they can take appropriate action.

Benefits of using BI in parcel auditing services

Shippers need detailed information about their shipping operations at their fingertips. Parcel auditing services use BI tools to collect and analyze data in real-time. Shippers receive the information in the form of reports and dashboards. Customized dashboards help in tracking shipping performance by benchmarking. Thus, shippers visualize their data and make informed decisions.

Parcel auditing services optimize the parcel shipping network with the help of BI. In addition, parcel audits help in consolidating shipping data. Further, it provides insights into critical KPIs. Parcel auditing services like Audintel help companies optimize their shipping needs.

How does Audintel deal with the shipping data of businesses?

Our data intelligence services include best-in-class cloud hosting. We have robust optimization tools and intuitive and customizable dashboards. In addition, we provide graphical visualization of KPIs. Audintel’s platform integrates seamlessly with legacy systems and processes. Our decision-making analytics helps shippers. Further, we compare multiple carrier contracts to give clients the best deals.

Audintel as a parcel auditing service provider

Our AACE (Audit Advantage Cloud Ecosystem) platform uses BI to identify billing errors. Audintel uses AACE technology integrated with machine language (ML), saving shipping costs for companies. We spot all invalid, inaccurate, or unwarranted charges in shipping invoices. Audintel’s state-of-the-art technology platform manages complex supply chain challenges. Our dashboards are easy to use and allow shippers visual feedback on their business performance. In addition, our auditing services help shippers receive refunds directly in their accounts.

Final thoughts

Many parcel auditing services are available in the U.S. market. But choosing the right one for your business makes all the difference. As a shipper, it is vital to partner with parcel auditing services that increase your company’s revenues. Audintel uses cloud-based business intelligence tools to understand complex shipping data. We help businesses grow and manage their shipping costs in real-time. With Audintel, you can be sure that all your data is encrypted and secure. For information about our parcel auditing services, contact us on +1 (619) 354 8539 or visit our Au dintel website.

Shipping analytics provide valuable insights into your business

August 10, 2022

by Blog Spend Intelligence

Seamless, contactless, anytime-anywhere commerce is on the rise. Businesses want to compete with the best in this post-pandemic era. Consumers are loyal to brands with frictionless checkouts. So, shippers need to have faster delivery systems, thus giving excellent customer satisfaction.

With this in mind, analysis of shipping data is necessary for businesses. The assessment of shipping costs with shipping reports was a part of our earlier blogs. However, this blog will cover the importance of shipping analytics and reporting.

Shipping analytics and reporting-why is it essential?

Shipping data is analysed based on the demand for shipping products, shipping costs, unshipped orders, and on-time performance by carriers, fulfillment centres, etc. Hence, understanding a company’s Key Performance Indicators (KPIs) is critical in controlling costs. Shipping analysis of information increases savings with intelligent reporting across all regions. It helps in improving shipping performance and service.

Shipping analysis augmented by shipping reports

Analysis of shipping data gives companies a 360- degree view of their shipping profiles. Shippers stay updated on any shipping errors that occur during shipments. They get instant information about the on-time delivery of goods and any last-mile shipping costs. Shipping analysis involves a review of past shipping history data and its evaluation. Further, shippers can look for financial opportunities with the shipping analysis. So, companies receive all the above information through shipping reports.

What is a shipping report?

A shipping report gives an overview of a business’ shipping profile. It includes parameters such as the order number, order date, customer name and address, shipping items, quantity, etc. Shippers get regular updates about service changes made by shipping carriers like changes in tariff rates, discounts, and levy of surcharges. Analysts prepare various shipping reports that are simple to understand for businesses.

Kinds of shipping reports

There are various types of shipping reports that improve customer satisfaction. These reports are customized to make it easy for shippers to understand their shipping expenditures. Some of these shipping reports are

Shipping services report

This report provides shipping details about the shipping carriers and their services. Shipping services such as 1-day, 2-day, and overnight delivery by different carriers are evaluated and shared with the customer.

Shipping information report

Shipping information of parcel and freight shipping of each company is analysed based on the recent shipping activity. This report consists of the order number, order date, customer’s name and address, quantity shipped, weight description, delivery date, etc.

Freight shipment report

This report monitors and tracks freight shipment globally in real-time. It allows experts to analyse the shipping routes, locations, volumes, network of freight carriers, and more. In addition, shippers can make data-based, vital decisions on their freight shipments.

Logistics and supply chain reporting

Shipping analysis also includes logistics and supply chain reporting. The report monitors and optimizes KPIs and supply chain metrics. Further, supply chain metrics define and quantify supply chain performance. Examples of supply chain metrics include:

Freight invoice accuracy

Freight invoices issued by the shipping carriers contain a description of the freight, port origin, shipper’s name, shipment weight, etc. However, most freight invoices do not match the final, original quotation. It leads to duplicate payments, errors in discounts, incorrect delivery addresses, and overpayments. Thus, checking the accuracy of freight invoices is vital for businesses to save money.

Delivery time

Mentioning the precise delivery time improves the supply chain performance of goods. In addition, companies offer special delivery services to decrease delivery time. It improves customer satisfaction and attracts more orders from such companies.

Pick and Pack Cycle time

The time to pick an item from the shelf and pack it helps in learning the efficiency of the supply chain. Hence, tracking any delays and rectifying them will help bring down any inefficiencies in the system.

Container shipping analysis

According to some reports, the global shipping container market will grow by 12% from 2020 to 2028. Hence, analysis of shipping containers on intuitive shipping software platforms benefits companies. The analysis reports provide a comprehensive overview of revenue forecast, company ranking, volumes shipped, growth opportunities, and more. In addition, the analysis offers companies competitive strategies to stay ahead. Further, it provides the means to sustain in fast-evolving markets.

Advantages of using shipping analytics and reporting

Audintel is your audit partner in the shipping industry. We analyse shipping billing errors and instantly notify our clients. It allows our clients to take the appropriate action where possible. We assess the delivery performance of the various shipping carriers daily. Audintel has customised many shipping reports that provide our clients with information at their fingertips. Our intuitive dashboards help our clients have visibility to their shipments. In addition, we customise our shipping reports according to our client’s preferences.

Final thoughts

Shippers require transparency about their shipping profile to save money and reduce costs. For this reason, shipping analysis is essential for uncovering shipping errors. Further, the analysed data is represented in shipping reports so shippers can make informed decisions. Audintel is the best auditing partner for your shipping needs. Our intuitive dashboards and easy-to-use shipping reports help shippers make profits in their businesses. We are there for you. Contact us for further information on +1 (619) 354 8539 or visit our Audintel website.

Competitive parcel auditing services: essential for shippers

July 25, 2022

by Blog Spend Intelligence

With rising inflation and skyrocketing fuel prices, businesses need to economize and improve profitability. Shipping small packages to customers needs scrutiny as service failures lead to higher expenses for shippers.

Affordable patent auditing services are essential to monitoring shipping expenses. Our earlier blog focused on affordable parcel auditing services that reduce shipping costs. This article focuses on the various aspects of parcel auditing services, such as package shipping spend, services offered, and their software.

Affordable parcel auditing services

Parcel auditing analyzes the shipping data of companies and unearths any invoice errors. Parcel auditing services of parcel auditing companies work to fix the invoice errors and get refunds from the shipping carriers. Web-based technology used by parcel auditors spares shippers from purchasing hardware, thus saving money. In addition, parcel auditing services do not involve set-up fees or up-gradation in current technology resulting in cost savings.

Parcel shipping spend

According to the latest reports in business wire, US parcel volume will grow exponentially by 2027. It is due to increasing demand for internet retail. Small parcel shipping is a critical component of shipping systems. An audit on small parcel shipping spend allows companies to save money. Shippers are eligible for a refund from shipping carriers for service failures like late deliveries, invalid surcharges, billing errors, and more. Parcel auditors like Audintel have a real-time dashboard that monitors small packages’ shipping spend while controlling shipping costs.

Outsourcing parcel auditing

Manual parcel auditing is time-consuming and is prone to human errors. So, by outsourcing parcel audit work to a third party, shippers save time as they do not need to track each shipment and file refund claims. Further, the parcel auditors secure refunds for service failures with direct credit to shippers’ accounts. Parcel auditing services provided by a third party give companies valuable insights into their shipping process.

Services offered by a parcel auditing company

Small parcel auditing is a complex process that requires data evaluation at each stage of the shipping process. Parcel auditing companies analyze the parcel invoices from the shipping carriers. In addition, tracking parcel delivery to customers and information about any shortcomings is conveyed to the business owner. Some of the common service failures made by parcel carriers include:

Late deliveries: Parcel delivery to the customer beyond the scheduled delivery time

Surcharge errors: Parcel invoices with incorrect address correction charges, delivery area surcharge, and other surcharge errors

Dimensional weight errors: Shipping carriers levy wrong dimensional weight charges on packages

Duplicate charges: Double invoicing for a single parcel shipment

Manifested not shipped parcels: Shipping carriers like UPS charge for a package manifested but not sent to its destination

Deviation from negotiated shipping rates and discounts: Parcel shipment with different shipping rates and discounts.

Parcel auditing services offered by parcel auditing companies provide effective solutions for service failures. They inform business owners about billing errors, changes in shipping rates, additional surcharges, etc. Parcel auditors use intuitive auditing software that automatically notifies any discrepancies in the shipping process.

Small parcel auditing software

The tracking and monitoring of each small parcel shipment use cloud-based shipping software. The data analysis improves shipping spend management and curbs excessive expenses. In addition, the software monitors the performance of shipping carriers, identifies invoice errors, and files for unclaimed refunds. Shippers reduce their parcel shipping spend and improve their shipping operations with ease.

Freight audit software

Freight audit software minimizes complex freight auditing processes. Due to the automation of the freight audit process, labor decreases, and cost-efficiency increases. The shippers get greater clarity of their shipping expenses. Also, there is streamlining of the shipping process. Further, automatic uploading of the shipping documents into the system helps track invoices efficiently. Freight audit software benefits many industries such as manufacturing, pharmaceuticals, construction, electronics, etc.

The software used by parcel auditors improves customer satisfaction and increases brand loyalty, which benefits shippers’ businesses.

Benefits of using Audintel’s services

Parcel auditing services of Audintel are economical and customized to cater to our client’s needs. We provide greater transparency to our clients by using their shipping data. Audintel has more than forty customized dashboards and shipping reports for our clients. Our team uses updated, secure technology to track and monitor the shipping data of our clients. We assist business owners in negotiating the best carrier contracts and saving money. Companies benefit tremendously by partnering with Audintel as it honors their parcel delivery commitments to customers. We help shippers receive refunds promptly from shipping carriers for service failures and increase their profits.

Final thoughts

Small parcel delivery services like FedEx and UPS do not always stick to their delivery commitments. It impacts the shippers as they have to deal with angry customers. Companies offer extra credit or special offers to keep customers happy, thus involving double expenses. Audintel’s parcel auditing services give companies a helping hand in receiving all the refund credits from shipping carriers. To know better about the full extent of our parcel auditing services, contact us at +1 (619) 354 8539 or visit our Audintel website.