This is Part Two of our Third-Party Shipping Miniseries; if you missed Part One, you can check it out here.
Whether your business uses third-party shipping every day or just every so often, it is essential to monitor the use of your account by a third-party shipper to ensure it is being used properly.
The issue is that monitoring your accounts can take up a lot of valuable time. The carriers break out third party shipments as part of your invoice, but that does not make it easy to find, spot issues and to see trends over time.
With Parcel BI, you can easily access the data you are looking in seconds. There is no need to build spreadsheets or pour over invoices. The business intelligence tools from Parcel BI allow you to quickly see that the policies on your third-party shipping accounts are being followed, that it is not being abused, and expose high dollar transactions that you may not be aware of.
With Parcel BI, you can separate your search by any shipper or receiver and see who is shipping to them or where they are shipping to. This allows you to quickly assess, "is this shipper shipping to only my customers," and identify any outliers or something that doesn't belong.
Quickly identifying who is using your accounts, exposing any possible fraudulent behaviors, or suspicious activity is essential. It may not even be intentional abuse, simply poor shipping practices, such as unauthorized or oversized package dimensions, weights, etc. One common issue is the over-use of declared value by third parties and inbound shippers. Parcel BI exposes this with quantifiable dollars instantly.
If you are interested in learning more about Parcel BI's powerful data analytic tools for your third-party shipping accounts, stay tuned for our next installment of the Third-Party Shipping Miniseries, or you can contact us today with any questions.