Carriers don't make it easy to expose negotiable charges, policy and incentive-related savings, and unnecessary fees that lie within carrier invoices. Without visibility into that data, organizations are missing out on big savings.
Analyzing FedEx and UPS invoices for hidden fees and extraneous charges can be costly and time consuming. Using a 3PL for Auditing services may bring some money back in, but the big bucks lie within the large invoice pdfs and spreadsheets.
Our revolutionary business intelligence tool empowers you to identify major savings using data collected from the invoices. These add up to thousands, even millions of dollars each year for our clients. Pinpoint where you are losing money or bleeding margin, in as little as 3-5 clicks.
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Once the data is loaded, you can begin exposing the information that carriers are not making it easy to see in their invoices through intuitive reports designed by BI Experts.
The reports simplify the complexity of understanding your parcel spend, allowing for “timely” week-to-week identification of profit opportunities on all your parcel expenses. Slice and dice data to spot practices and shipping trends that are costing you money at granular levels, such as by receiver or account.
The reports summarize data but can also be filtered and modified with a click of your mouse to drill into data and into more focused reports. Select multiple filters at once to expose your data related by carrier, account, service, origin, receiver, and week.
Drill into Accessorial Charges, DIMs, Customers, 3rd Party Shippers, and Specific Fees - such as Peak Surcharges. This tool archives your data and provides trending analysis. Driling down into data helps to eliminate hidden fees.
Parcel BI gathers carrier invoice data for you by using your login credentials (with signed NDA) for the carriers you use (UPS, FedEx, and others).
It automatically downloads the information into your data warehouse and prepares the data for analysis at your fingertips. This automation saves hours of productivity by no longer needing to manually download the data and manage files.
Our intuitive reports show summary data, blending the information from all accounts and carriers so you can see your entire parcel picture, and drill down into the details if you spot an opportunity or something questionable.
One of the unique features that this tool has is its ability to drill down into any element of data. Take it from summery level down do package, invoice or account-level detail.
It's as easy as right clicking on a line or visual in your report, and selecting the appropriate detailed report from a dropdown list.
We give you an automated repository where your company can share all your parcel invoices to a point where they go beyond what is accessible from the carriers themselves.
Alerts are a new feature in Parcel BI. We always take our users feedback into account and this new feature was in popular demand.
Quickly become aware of anything and everything you want to know. Customize the alerts to fit your needs or choose from a list of popular benchmarks and tracking data. This is very helpful to alleviate time and tasks without losing visibility into parcel.
Any late payments
Audit recovered amount
Packages shipped on Ungrouped Account
Packages with declared value less than $300
Residential surcharges on FedEx Ground.
You can edit and view the history of each of these alerts. Once you have created the Alert that you would like, you can hit the button that allows you to calculate last week’s value. The alert will be sent directly to your email if something happens in with your data that would trigger the alert.
Why are we getting so many large box surcharges?
What % of our packages are getting weights DIM'ed after we ship them?
Are we losing money by not inputting dimensions?
Are we getting unnecessary residential surcharges because we have customers identified incorrectly?
Are we losing money by unnecessarily applying declared value?
Are we shipping with expedited services unnecessarily?
Are distribution centers shipping too much to other regions?
How is COVID-19 and related shipping fees affecting my organization?
If you don't have the data to answer these questions, you can benefit from our Demo.
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