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Category: Late Fees

Parcel BI Exposes Costly Late Fees

By Parcel BI
June 26, 2019 Category: Late Fees, Savings, BI Solutions

Many companies spending lots of money on parcel are leaking money in areas that they may not realize. Parcel BI offers easy to use tools to help expose these leaks and show these companies how they can save on their parcel spending long term. One of the most subtle areas many companies lose money is on late fees. Standard terms for the major parcel carriers are paying your bills Net 15. In manyof these companies, the people who are in charge of accounts payable may not be aware of this. This leads to the company not paying their parcel bills on time, which can add significant cost.The carrier that assesses these does not mind keeping you in the dark because it makes them a lot of extra revenue. Late Fees Are Subtle Unfortunately, late fees go unnoticed all the time, and the more accounts you have, the bigger the problem can be. Common reasons for a company racking up late fees are anywhere from their accounts payable not realizing the due dates to not realizing they had their bills

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