What is the Value of Connecting with Your Data?

What is the Value of Connecting with Your Data?

How much money do you spend on parcel shipping a year? What would a 5%, 10 % or 25% reduction in that spend mean to you? What are you doing now to manage and limit the money you are paying to your parcel carriers?  No matter how big or small your company is, you never want to waste your time and money.  

Most companies don't have an effective means to make sense of their invoices and find unnecessary shipping charges, corrections, or chargebacks.  Business Intelligence is using data to make better business decisions and gain insight. Parcel BI provides you with business intelligence tools that empower you to take control of your parcel spend without wasting time. 

Quickly Find Savings

Connecting to data can provide savings in various ways, not everything is obvious
An example of one of our customers who does not have a very high parcel spend, less than two hundred thousand dollars annually. This particular customer is an omnichannel shipper, meaning they ship outbound on their customer's accounts, but they also use their own account to ship inbound. 

When we loaded their data into Parcel BI, we were able to quickly expose the fact that their top four suppliers where charging them for ground shipping when in their contract their shipping was supposed to be free. 

In two minutes, we exposed over $11,000 in savings that they were able to go back to the suppliers and challenge the charges as they were not in their agreement. The suppliers then gave them that money back in chargebacks or credits. 

Save Time and Money

This type of unnecessary spend can really add up quick and affect your margins, your overhead, and your business in general! 

Exposing this data without the right tools is very time consuming and challenging, especially when you are a major shipper but even for smaller companies where every single dollar counts.

Another example of how Parcel BI can help your business by managing your suppliers and vendors. The declared value for one account adds up to over $9,000 annually. But it turns out that this company is on the receiving end of those overly insured shipments; they're not putting on a declared value when shipping out because they can manage internally procedures easily enough, but their suppliers are because they're not being directed properly. Unchecked suppliers are putting a high declared value on their inbound packages and costing them $9,000 annually or more. Parcel BI easily reveals what suppliers are doing this so they can take corrective action and stop an avoidable charge. 

If you are interested in taking control of your parcel spend and saving time and headaches of trying to find these errors, contact us at Parcel BI today. You can try our free demo online and see the value of connecting with your data.

Free Demonstrations – Your Data – Determine the Value

We always offer the option of a free demonstration for anyone who wants to see how our tools can really help your business save money on parcel. We are willing to load your data and expose the value that our tools can provide you. This is a no risk offer to determine the value of connecting with your data. You don't know until you look.

What is the Value of Connecting with Your Data?

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Most Recent

ABC Co. vs. A B C Company… How Parcel BI solves Address Grouping

By Parcel BI
August 14, 2019 Category: Savings, Parcel

An issue that many companies face when looking at their parcel data is spotting trends by receiver or shipper. Even the simplest mistakes or entries can cause issues with your data. Best practices suggest using system driven receiver and shipper information to create consistency, but that is not always possible, such as third-party shipments, customer entered data, etc. The result is many transactions with slight variations in name or address, when really it is all the same. THE ISSUE WITH VARIANT RECEIVER / SENDER DATA There are so many different fields of entry when shipping, that it is easy for variations to occur, and that makes it hard to connect data. For example, a companys name changes between shipments, (ABC Co. vs. A.B.C. Company) or an address is entered with an inconsistent street abbreviation. Instead of putting the word St you enter St. or Street. There are so many variations that could be entered, resulting in more data that is spread out and flat. This makes it harder

Chargebacks and Rebills on Your Parcel Spend

By Parcel BI
August 07, 2019 Category: Chargebacks

What is the Difference Between a Chargeback and a Rebill? A Chargeback and a Rebill are basically the same thing. UPS calls them chargebacks whereas FedEx calls them rebills. Whatever you like to call them, they can cost you a lot of money, especially if you ship a lot of packageson other companies account numbers. A chargeback/rebill occurs when you are the shipper of record, and ship on someone elses account (Collect or Third Party), but then that company or person decides, for any reason, the dispute the charge. After they decline to pay the shipping cost, the carrier then charges you, the shipper of record, because they need to charge someone. Additionally, if the account you used is on credit hold with the carrier, they will also reverse the charges to the shipper of record. The Result: you have been charged for a shipment that you had expected to pay nothing for. It is very easy for this type of cost to slip through the cracks, and they can really add up! These costs often come

Wasteful Address Corrections Exposed

By Parcel BI
July 30, 2019 Category: Corrections, Savings

Parcel BI specializes in creating business intelligence tools to help companies save money on their parcel spend. There are many areas where a business can be leaking money on their parcel cost, and sometimes you dont even realize it is happening. One of the areas where many companies lose a lot of money is on address corrections. WASTED MONEY ON ADDRESS CORRECTIONS Carriers are charging up to $16.40 per package for an address correction. Corrections can occur when the information entered is not an exact match to what the carrier says it should be, but the difference is not always significant. Incorrect address charges can result if there is additional information, entering street instead of avenue, the suite number is entered in the street address code as opposed to the second address line, or an incorrect zip code can cause a charge. Entering incorrect zip codes is often one of the most repeated address correction charges. A lot of times, companies may have a billing ship code and

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