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Freight Audit, Payment & Logistics Costs
Ct’s Global Freight Audit and Payment Process is an Analytical, Financial Review of Invoiced Logistics, Costs versus Carrier (Supplier) and Rate Agreements Versus quantities shipped.
This 3-way match verification Results in 4-7% of Global Logistics Cost and Savings
A Ct Global Freight Audit will help you to avoid overpayment and will dramatically improve your company’s transportation and logistics financial performance.
Ct Global Freight Audit manages savings for an international, multiple industry client base.
In 2020 our recorded Global Client savings were an estimated amount of €76.8 Million. (USD $91 Million)
Be in control of your own logistics expenditures with our dedicated Freight Audit services and Logistics Audit services.
Transformational Technology
Audit
Financial Savings
Billing Accuracy
Duplicate Validation
Online Resolution
Reporting
Transforming Data
Into Supply Chain Insights
Drill Down & Dashboards
Ct Optima
Automation
System Intergration
cTMS / EDI Connectivity
Gl Code Cost Allocation
Self Billing, Accurals
Audit Services
Freight Audit Services
A Freight Audit will allow your company to maximise the return on logistics spend through financial review and creating tighter controls over contract compliance
Ct Offers a comprehensive and in-depth Audit of all your Logistics Costs, in any language, alphabet or location.
Freight Auditing focus’s on not just the actual charges that are billed to you but also extends onto a 3-way match against the physical size and service that was booked by you with your Carriers. This is managed by Electronic or Manual receipt of your actual Shipped (or Received) data.
Global Payment Services
As a Detailed Value-Add” Service, Ct also offers an Optional Carrier Payment Service.
Ct currently Manages Client Payments to Carriers in 76 International Currencies in more than 130 Countries
In Partnership with HSBC Global Banking Services, Ct can add Consolidated Banking facilities in parallel with Reducing Client Banking Fees or Currency Conversion Costs.
Additional Security Checks allows Ct to validate account details for new carrier (supplier) implementations
Reporting Dashboards
Business Intelligence
Logistics Management is always enhanced by invaluable Cost Data. Ct offers an expansive set of Dashboards that allow our clients to receive and review Data that is invaluable when making financial decisions for Cost Controls and analysis
Linked specifically with elements such as GL ( General Ledger) Coding and Cos Centres, Ct can automate Reporting at Advanced levels, always customised to Client Requirements,
From Service Level Summaries to Carrier performance reviews, Ct can provide the level of details through Dashboards that allow Carrier management to be streamlined with Efficiencies
Carrier Invoicing & Automation
Technology Demands Automation
Automation Drives Accuracy
Accuracy commands Cost Savings and Value
These ingredients all drive towards Efficiencies and cost effective methods of Invoice Management
Enhanced Invoice Automation Programs providing Electronic (EDI) connectivity directly with Carriers Invoice Management systems and Client ERP (Payment Programs) are at the heart of Ct’s Core products
Why Consider Freight Audit?
A Freight Audit is an integral part of managing supply chain costs.
Freight Audit Invoice Verification results will provide complete
confidence in the accuracy and value of your freight and logistics
expenditure.
The Freight Audit and optional Payment Services provides your
company with a closed-loop process, ensuring contract compliance
and full visibility of your Global Supply Chain structure and
expenditure.
Commercial and Public Sector companies employ a Freight Audit Specialist such as Ct Global Freight Audit to improve business intelligence and to reduce transportation costs by uncovering billing errors and ensuring that suppliers are billing as per the agreed rate agreements. Our experienced Freight Audit Specialists focus entirely on your financial needs
Post Audit & Financial Claims Management
A Post Audit is a financial Audit of Invoices that you have previously paid to your carriers Versus the Contracted Costs that have been agreed.
Ct has significant historical experience in Managing Reclaims of Overbilled and Overpaid Freight Invoices dating back several years.
Once the Detailed Billed and Paid Invoice data is available and Rate Agreements are shared, Ct has customised Rating Software that can provide dedicated results for billing discrepancies in a ” RealTime” environment.
Submitting Claims in a Post Audit Mode, that arise from a result of a LIVE Pre-Audit is often a smart way to recover historical costs.
Ct can discover the discrepancies and manage the entire process, often in a GainShare only basis, from where there ios little no financial exposure to our valued clients