{"id":30244,"date":"2022-07-15T00:00:00","date_gmt":"2022-07-15T00:00:00","guid":{"rendered":"http:\/\/test.tranistics.com\/nvision\/2022\/07\/15\/freight-audits-financial-advantages-beyond-finding-invoice-errors\/"},"modified":"2026-02-02T11:08:29","modified_gmt":"2026-02-02T11:08:29","slug":"freight-audits-financial-advantages-beyond-finding-invoice-errors","status":"publish","type":"post","link":"http:\/\/test.tranistics.com\/nvision\/2022\/07\/15\/freight-audits-financial-advantages-beyond-finding-invoice-errors\/","title":{"rendered":"Freight Audits: Financial Advantages Beyond Finding Invoice Errors"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\" style=\"--awb-text-transform:none;\"><p>Freight bill audits are frequently an accounting afterthought. Many companies simply go through the motions to make sure the numbers add up, reconciling where they can and remediating when necessary. But there\u2019s a lot more value to be gained from a freight audit than from identifying clerical errors and capturing money. At its core, the data used in freight bill auditing is a powerful tool for informing broad operational improvements.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-31044\" src=\"http:\/\/test.tranistics.com\/nvision\/wp-content\/uploads\/2022\/07\/freight-order-management.jpg\" alt=\"\" width=\"800\" height=\"440\" \/><\/p>\n<p>Freight bill audit data can tell you a lot about what you\u2019re shipping, how you\u2019re shipping it, and where you can create cost savings. Think of reconciliation and finding money as short-term benefits, while pattern recognition and trend analysis are long-term opportunities. It\u2019s not just about balancing the books. It\u2019s about optimizing operations.<\/p>\n<h2>Analyzing Freight Bill Audit Data for Insight<\/h2>\n<p>Freight bill audits don\u2019t just show accounting discrepancies they are a peek into spending trends and shipper relationships. All the data captured by a <a href=\"https:\/\/corporate.nvisionglobal.com\/transportation-management-system-software\/\">transportation management system (TMS)<\/a>, and leveraged in an audit is critical to understanding supply chains and the methods, modes, and service levels of freight transport. Can you confidently answer the following questions?<\/p>\n<ul>\n<li>Why are you spending X on final-mile delivery from an independent transportation provider when you could spend Y using an integrated delivery partner?<\/li>\n<li>Do the audit issues you\u2019re having with an OTR transportation provider outpace the cost savings you gain from choosing them over a slightly more expensive provider?<\/li>\n<li>Is it possible to consolidate your shipments to X destination on a succinct schedule and avoid multiple, costly LTL shipments?<\/li>\n<\/ul>\n<p>There\u2019s a tremendous variety of data available from a <a href=\"https:\/\/corporate.nvisionglobal.com\/freight-audit-process\/\">freight bill audit<\/a>, and it\u2019s up to shippers to extract the insights that data offers, whether they apply to cost centers or logistical approaches.<\/p>\n<h2>Applying Insights for Enhanced Efficiency<\/h2>\n<p>Too many shippers view freight bill audits as a singular task with a single object: balancing the books. But by viewing audits through the lens of improving operations, shippers gain tangible value from the data provided. When you attach value to the data, beyond closing accounting gaps, you understand the true cost of shipping practices.<\/p>\n<p>For example, recognizing the value of transportation provider A over provider B might lead to preferred status for provider A. This, in turn, leads to a more expansive exploration of provider A\u2019s abilities, which might then trigger rate negotiations and broader SLA terms. In this scenario, freight bill audit provides insights and creates value in the following ways:<\/p>\n<ul>\n<li>Transportation provider consolidation with an improved relationship.<\/li>\n<li>Expanded service agreement for an integrated solution.<\/li>\n<li>Rate negotiations for lower costs.<\/li>\n<li>Term negotiations for increased consistency.<\/li>\n<\/ul>\n<p>In this example, freight bill audit data highlights where the shipper can leverage transportation provider A\u2019s proven capability to create consistency and even reduce costs elsewhere. This is especially critical in light of persistent <a href=\"https:\/\/www.inboundlogistics.com\/cms\/article\/freight-bill-audit-and-payment-sparking-supply-chain-synapses\/\" target=\"_blank\" rel=\"noopener\">economic and supply chain issues<\/a>.<\/p>\n<h2>Look Beyond Discrepancies to Pinpoint Opportunities<\/h2>\n<p>Optimization driven by freight bill audit data is possible given any relevant variable, whether it\u2019s carrier, channel, load type, distance, or destination. <a href=\"https:\/\/corporate.nvisionglobal.com\/freight-audit\/\" target=\"_blank\" rel=\"noopener\">Freight bill auditing<\/a> brings data together and identifies patterns that directly correlate to operational improvements for shippers. If you\u2019re not auditing for more than money, you\u2019re missing out on cost savings and enhanced efficiency.<\/p>\n<div class=\"cta\" style=\"background-color: #eaeaea; border: 1px solid #ccc; border-left: 5px solid #1B4381; clear: both; padding: 1em; margin: 1em 0 1em 0;\">What can you learn from freight bill audit data? Opportunities for more operational efficiency are only visible when you look beyond reconciliation. Let nVision Global help. Visit us at <a class=\"logonvlink\" href=\"http:\/\/www.nvisionglobal.com\/\" target=\"_blank\" rel=\"noopener\">nvisionglobal.com<\/a> to learn more.<\/div>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":31044,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-30244","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-freight-audit"],"_links":{"self":[{"href":"http:\/\/test.tranistics.com\/nvision\/wp-json\/wp\/v2\/posts\/30244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/test.tranistics.com\/nvision\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/test.tranistics.com\/nvision\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/test.tranistics.com\/nvision\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/test.tranistics.com\/nvision\/wp-json\/wp\/v2\/comments?post=30244"}],"version-history":[{"count":0,"href":"http:\/\/test.tranistics.com\/nvision\/wp-json\/wp\/v2\/posts\/30244\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/test.tranistics.com\/nvision\/wp-json\/wp\/v2\/media\/31044"}],"wp:attachment":[{"href":"http:\/\/test.tranistics.com\/nvision\/wp-json\/wp\/v2\/media?parent=30244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/test.tranistics.com\/nvision\/wp-json\/wp\/v2\/categories?post=30244"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/test.tranistics.com\/nvision\/wp-json\/wp\/v2\/tags?post=30244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}