TLI's Remarkable Achievement: $779,287 Annual Run Rate in Freight Invoice Audit Savings

Unchecked errors and inefficiencies in freight invoices can quickly accumulate, leading to unnecessary expenses. However, Translogistics Inc (TLI) has revolutionized the industry with its freight invoice audit program, helping clients achieve remarkable annual savings of $779,287. In this article, we will explore the concept of freight invoice audits and how TLI's program has become a game-changer for businesses.

Understanding Freight Invoice Audits:

A freight invoice audit is a meticulous examination and verification process of freight bills and related documentation to identify errors, discrepancies, and opportunities for cost reduction. It involves scrutinizing various elements, such as pricing accuracy, linehaul contracts, surcharges, accessorial charges, fuel surcharges, freight classifications, NMFC Codes, duplicate charges, and contract compliance. By conducting a thorough audit, TLI ensures that clients are billed correctly and are not overpaying for freight services.

How TLI's Freight Invoice Audit Program Works:

Translogistics Inc's freight invoice audit program is designed to provide comprehensive oversight and cost optimization for clients. Let's delve into the key aspects of their program:

• Automated Auditing Process: TLI utilizes cutting-edge supply chain technology and proprietary software to automate the audit process. This enables swift analysis of large volumes of invoices, ensuring accuracy and efficiency while reducing human error.
• Customized Audit Parameters: TLI tailors its audit parameters to match each client's specific requirements. By leveraging industry expertise and understanding individual business needs, TLI ensures a thorough examination of invoices and identifies potential areas for savings.
• Error Identification and Resolution: Through advanced algorithms and meticulous scrutiny, TLI's audit program detects billing errors, duplicate charges, misclassifications, and other discrepancies. The dedicated transportation audit team then works closely with the shippers  and carriers to resolve these freight billing issues, ensuring accurate billing and prompt reimbursement for any overpayments.
• Contract Compliance Analysis: TLI's logistics management program includes a comprehensive review of contract terms and conditions to ensure carriers adhere to agreed-upon rates and service levels. This analysis helps identify any deviations, allowing TLI to negotiate with carriers and enforce contract compliance, further maximizing savings for clients.
• Reporting and Analytics: TLI provides detailed reports and analytics to clients, offering transparent insights into their freight expenses. These reports highlight cost-saving opportunities, carrier performance metrics, and actionable recommendations to optimize freight management strategies.

Freight Invoice Audit Savings Potential:

By leveraging TLI's freight invoice audit program, shippers unlock substantial savings. Here are some key benefits:

1. Cost Reduction: The meticulous audit process identifies errors, overcharges, and billing inaccuracies, resulting in significant cost reductions. With an average annual savings run rate of $779,287 TLI's program ensures clients retain more of their hard-earned revenue.
2. Operational Efficiency: By outsourcing the audit function to TLI, businesses can redirect their resources and focus on core competencies. TLI's automated systems streamline the auditing process, saving time and minimizing administrative burdens.
3. Contract Optimization: TLI's contract compliance analysis ensures that carriers adhere to agreed-upon terms. This not only prevents unauthorized rate increases but also creates opportunities for negotiation, leading to further cost optimization.
4. Data-Driven Decision Making: TLI's detailed reports and analytics empower businesses with valuable insights into their freight expenses. This enables data-driven decision making and the implementation of effective strategies to improve operational efficiency and reduce costs.

Translogistics Inc's freight invoice audit program has become a game-changer for businesses seeking to optimize their freight management processes. By conducting meticulous freight contract audits, TLI helps clients identify errors, resolve discrepancies, enforce contract compliance, and ultimately