How Parcel BI Makes Managing Many Accounts Easier

How Parcel BI Makes Managing Many Accounts Easier
E-commerce is a huge part of how we buy these days, and as a result, it has really changed the game for business supply chains and logistics. Many retailers are now shipping out of various locations across the country, the continent of the world. As a result, they are managing dozens if not hundreds of different accounts. We call these "omnichannel;" companies that are fulfilling from multiple brick and mortar operations as well as distribution centers. 

Some organizations have accounts for multiple carriers at a single location, or accounts designated for different purposes as well.


Death by 1,000 Paper Cuts

The more accounts to manage, the more invoices to review and process. The greater the opportunity to miss opportunities to reduce spend and to leak money.  Managing a handful of accounts is challenging enough, but multiply the possible errors by dozens or hundreds of accounts and the potential to miss things and have things such as late charges, chargebacks, audit fees, etc. just start falling through the cracks.

How Parcel BI Can Help

Parcel BI offers solutions to manage this account overload by consolidating all of that data into a single point and give logistic/ supply chain managers visibility to that information and eliminate loss on parcel spending. Accounts can be grouped into business units for easier management, and the data can be filtered by account or account group to make it easier to filter the data for the accounts that get less attention.


For example, one Parcel BI user is managing over 130 accounts. With the powerful reporting tools, they were able to see a simplified list of all of their accounts, what each account is being charged, how many packages each account.

 
This customer saw that for several accounts, they were being charged over $1,000 without a single package being shipped. This is a result of late fees, printer fees, and weekly fees for carriers to drop by and see if there is anything to pick up.


This user had closed one of its retail locations, but their account was still being charged for weekly pick-ups because they had so many accounts to manage that they lost track of the one they were supposed to close. 


These are easy things to miss because they're buried and when parcel costs get out of control, it's like death by 1,000 paper cuts. There are a lot of little ways to leak money and especially when you're managing so many accounts. Parcel BI makes it much easier and exposes those accounts and manage multiple locations.


With Parcel BI, you can expose and help you take control of your data and connect you with your parcel spend. If you are an omnichannel retailer or have more accounts than you can easily manage, and you want to save money, contact us at Parcel BI. You can request a free demo or ask us any questions you may have about how our business intelligence tools can work for you.


 

How Parcel BI Makes Managing Many Accounts Easier

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Understanding How Shipper of Record Affects Parcel Spend

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A shipper of record is the company that is initially shipping out a package, not necessarily the company paying for the shipping. For example, you could be shipping something to your customer on their account, and you think that youre not paying for anything because they are the ones who will be charged for shipping costs. However, there are certain charges that you could be subject to that you may not be aware of. What are Charges You Need to be Aware of as the Shipper of Record? Address Corrections: If you ship out a package to your customer but entered the wrong address, you are subject to the address correction fees, not the billed account! This comes as a surprise to many shippers who do a lot of third party shipping. At $16 or more, these charges can add up fast! Invalid Accounts: If your customer has given you the wrong account information or their information has expired, but you ship using that invalid account, you will have to pay a fee for that and may be subject to a

How Parcel BI Makes Managing Many Accounts Easier

By Parcel BI
July 02, 2019 Category: Parcel, Savings, BI Solutions

E-commerce is a huge part of how we buy these days, and as a result, it has really changed the game for business supply chains and logistics. Many retailers are now shipping out of various locations across the country, the continent of the world. As a result, they are managing dozens if not hundreds of different accounts. We call these omnichannel; companies that are fulfilling from multiple brick and mortar operations as well as distribution centers. Some organizations have accounts for multiple carriers at a single location, or accounts designated for different purposes as well. Death by 1,000 Paper Cuts The more accounts to manage, the more invoices to review and process. The greater the opportunity to miss opportunities to reduce spend and to leak money. Managing a handful of accounts is challenging enough, but multiply the possible errors by dozens or hundreds of accounts and the potential to miss things and have things such as late charges, chargebacks, audit fees, etc. just

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