05 Jul Top Freight Audit Providers Like SSI Are Needed As Inflation Soars
Top freight audit providers like SSI are highly sought after in this time of rapidly rising costs. As inflation spreads globally, every business with a robust supply chain needs to have expert freight audit support. Why? Because billing errors get magnified as invoice costs increase.
Inflation is hitting both businesses and consumers hard, but shippers are especially getting walloped. Last year, logistics costs rose by 22.5% to $1.85 trillion, according to the 2022 State of Logistics report that Supply Chain Management Review covered in a recent article.1
Savvy business leaders are now looking for worldwide logistics and supply chain savings as costs continue on an upward trajectory. Fortunately for you, SSI provides substantial savings to shippers with global supply chains.
Contact SSI to cut costs by eliminating carrier billing errors – your business may save tens-of-thousands of dollars a month.
SUPPLY CHAIN CHALLENGES GIVE RISE TO HIGH INFLATION
The National Retail Federation (NRF), the world’s largest retail trade association, gives credence to the pain that inflation is inflicting. As published in a recent NRF blog post: “Supply chain challenges are certainly a contributing factor to the significant rise in inflation that has been impacting the U.S. economy. Retailers are facing increasing costs including raw materials, finished goods, transportation, labor and warehouse expenses that have led to increased prices on store shelves for their customers.” 2
According to another source, some experts say supply constraints alone account for half of the surge in U.S. inflation.3 Plus, high diesel-fuel prices, a topic covered in a recent SSI blog post, are also contributing to rising costs.
TOP FREIGHT AUDIT PROVIDERS HELP YOU SAVE AS COSTS RISE
An exceptional freight audit is automated and customized to meet the unique and specific needs of your complex supply chain. A top global provider must serve your needs across all modes of transportation including LTL and FL trucking, parcel, air freight, ocean freight, last mile delivery, and rail. Further, their process should be nimble to account for supply chain disruptions and scale easily as your business requirements evolve.
In addition, a top freight audit provider should have the ability to provide you with a sharp data analytics platform. This empowers your team to access and manage relevant supply chain information to enhance efficiencies that yield cost savings.
SSI freight audit services check all these boxes and then some. A global freight audit leader, SSI is consistently recognized as a best-in-class, multimodal freight audit services company. Our experience is virtually incomparable, as we have audited hundreds of millions of freight and parcel invoices since our inception.
GLOBAL, MULTIMODAL FREIGHT AUDITS
International freight audits are a core competency of SSI. We perform a comprehensive service audit across multiple modes of transportation from global, regional and local carriers. We audit these freight bill line items and much more.
- Freight Charges
- Duplicate Billings
- Incorrect DIM Billing
- Lift Gate Charges
- Late Deliveries
- Residential Surcharges
- Other Accessorial Charges
- Invalid/Fraudulent Invoices
- Service Failures
- Base Rate Errors
- Manifested Vs. Billed Weights
- Erroneous Currency Conversions
- Fuel Surcharges
- Carrier Compliance To Contractual Obligations
- Other Billing Mistakes
SSI will also review the addendums, small-print references, and custom services negotiated with each carrier.
With SSI freight audit services, the process is fully transparent and you can easily drill down to individual invoices via our SSIconnectTM online portal. Whenever a charge deviates from the established rules, SSI will take exception to those discrepancies and errors.
INTERNATIONAL FREIGHT PAYMENT SERVICES
After completing a best-in-class freight audit, SSI will pay your global freight invoices, as well. We process freight bills from multiple languages, in the world’s most traded currencies.
- CAD Canadian Dollar
- AUD Australian Dollar
- AED UAE Dirhams
- CHF Swiss Franc
- CNH Chinese Renminbi
- CNY Chinese Renminbi
- CZK Czech Koruna
- DKK Danish Kroner
- EUR Euro
- GBP British Pound
- HKD Hong Kong Dollar
- HUF Hungary Forint
- ILS Israeli Shekel
- INR Indian Rupees
- JPY Japanese Yen
- RW Korean Won
- MYR Malaysian Ringgits
- MXN Mexican Peso
- MAD Morocco Durham
- NOK Norwegian Kroner
- NZD New Zealand Dollar
- PLN Polish Zloty
- QAR Qatari Rial
- RON Romanian Leu
- RUB Russian Rubles
- SAR Saudi Riyals
- SEK Swedish Kroner
- SGD Singapore Dollar
- THB Thailand Baht
- TRY Turkish Lira
- USD United States Dollar
- ZAR South African Rand
There is no reason for your accounts payable team to process and pay hundreds of carrier invoices from around the world. Our streamlined freight-payment service makes quick work of what is a slow, cumbersome headache when managed in-house.
With SSI freight payment services, you save money, reduce administrative burdens from your operations and AP teams, and maintain positive relations with your carriers as we issue their payments in a timely manner.
ABOUT SSI – A TOP FREIGHT AUDIT PROVIDER
SSI serves the needs of supply chain, operations, logistics, shipping and finance executives. We transform the complexity of global freight audit and freight payment into cash savings and supply chain intelligence, providing actionable insights to maximize your profit potential.
- Customizable solution scales with your growing and dynamic business needs
- Automated freight audit drives savings to the bottom line
- Cutting-edge data visualization facilitates analysis
- Actionable business intelligence supports supply chain optimization and operational efficiencies
If you are frustrated with your current freight audit provider, or if your business is conducting these audits in-house, now is the time to switch to SSI and save. To learn more about SSI freight audit and freight payment services contact SSI.
1. John D. Schulz, “U.S. logistics business costs rise by 22.4% to $1.85 trillion in 2021, new report says”, June 21, 2022, as published by Supply Chain Management Review.
2. Jonathan Gold, “Supply chain – from disruption to inflation and back again”, June 20, 2022, as published by the National Retail Federation.
3. “Supply Issues Account for Half of Surge in U.S. Inflation, Study Says”, June 22, 2022, as published by SupplyChainBrain.
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Post title: Top freight audit providers like SSI are needed as inflation soars.