Invoice Reconciliation Management:
Invoice Reconciliation Management includes the in-depth analysis of data elements pertaining to invoicing, method of payment, special handling, shipper-caused exceptions, and carrier-caused exceptions. Through parcel and freight auditing, the professional analysts at Source Alliance Network are able to uncover discrepancies, expedite the recovery of lost funds, and determine future cost-savings potential.
Parcel and Freight Auditing Overview:
Upon receiving weekly electronic invoices directly from your carrier, Source Alliance Network is able to cleanse your shipping data and generate reports that can be used on an ongoing basis to recover revenue due to overcharges or billing errors. We are also able to create custom reports and provide general ledger coding.
Implementation:
Carrier Exceptions Management takes into account each of the following exceptions:
- Duplicate charges
- Closed-loop billing
- Invalid account numbers
- Chargebacks
Invoicing
- Collect
- Third party
- Consignee billing
- Outbound prepaid
Method of Payment
- Canceled accounts
- Invalid account numbers
- Address corrections
- DIM weight charges
- Additional handling charges
- Residential packages
- Premium service in guaranteed ground
Shipper-Caused Exceptions
- No proof shipments
- Late packages
- Lost packages
- Damaged packages
Carrier-Caused Exceptions
- Hundredweight shipments (CWT shipments)
- Cash on delivery (COD)
- Dangerous goods
- Collect shipments
- Third party shipments
- Saturday delivery packages
- Insurance/Declared value
- Delivery area surcharges
- Early AM packages
- Return services
- Hazardous materials
- Late payment
Special Handling
- Parcel to less than truckload conversion
- Package consolidation
- Premium service reductions
- Weight aggregation savings
- Cross docking
Enhanced Services:
Source Alliance Network’s enhanced services include but are not limited to:
Results:
When the in-depth analysis of data elements pertaining to invoicing, method of payment, special handling, shipper-caused exceptions, and carrier-caused exceptions is complete, Source Alliance Network is able to uncover potential audited savings and expedite the recovery of capital. Web-enabled, on-demand reporting reflects the audited savings earned, giving both Source Alliance Network and the client the information required for determining savings and future cost-savings potential.