Global freight bill processor, auditor and cost reduction advisor Data2Logistics has announced efforts to infuse up-to-date, marketplace-based information with cost-saving freight bill auditing actions. Combined, these services are said to benefit both inbound and outbound shippers operating domestically and internationally with a multifaceted, ongoing approach to optimise freight transportation and related cost savings.
The information component furnishes analytical tools for data mining of timely, actionable information, allowing domestic and international shippers to make more informed decisions on carrier options, along with associated rates, fees and accessorial charges, as well as identifying opportunities, weaknesses and threats. Data2Logistics provides a single source solution allowing users to report on virtually any data element for any market their company serves. Users can create reports that provide insightful information about carrier usage by lane, volume, average cost per pound and service type.
The action aspect reveals actual costs associated with freight shipping, identifies costly errors and inefficiencies, resulting in savings realized. Data2Logistics' solutions saves time and money by receiving client's freight invoices from carriers, providing pre-payment auditing related to rates, liability, service performance and duplicate billing, as well as coding and short pays non-compliant transactions. Data2Logistics then provides payment processing for convenience and ease of client's financial management. Closing the payment loop ensuring maximized savings, Data2Logistics' performs post-payment auditing, moving quickly to thoroughly review invoices and bills of lading from carriers to identify rate, commodity classification, accessorial charge and discount errors, as well as discovery of any unique circumstance that proves opportunistic.
Data2Logistics' services enhance organization's logistics, supply chain, operations, finance and accounting staff, providing information needed to control costs for all modes of transportation for companies who ship products domestically and internationally via LTL, TL, parcel, overnight express, ocean, air and rail carriers. Having a full service operation in Rotterdam, Netherlands since 2004 enables Data2Logistics to support rapidly expanding companies throughout North America, LATAM, EMEA and APAC, with staff attuned to local cultures and unique business environments.
Data2Logistics assists Global 1000, Fortune 1000 and SMB companies to reduce their shipping costs by providing an outsourced opportunity to efficiently process, audit, account code and pay their freight at a significantly lower cost than internal processes. Clients also benefit from the identification of more carrier overcharges than their internal systems can identify. The company provides actionable information to better manage and control transportation cost, and supports clients with their carrier bid preparation, benchmarking, proposal analysis and negotiation. As a single source of information for all modes of transportation on a global basis, Data2Logistics identifies and reports opportunities for savings and the reasons for variances in trends. Savings opportunities can be derived from modal shifts, consolidation of shipments, improved carrier utilization, and adjustment to shipment size, as well as monitoring accessorial costs. Reviewing over $15 billion worth of freight bills from thousands of carriers annually, the company provides a single-source solution results in savings averaging 5%-15% of product shipping expenditures per year.