» PROCEDURES «
TCR performs secondary or after-the-fact audits on freight invoices that have been paid by other methods or service providers. The audits will recover dollars paid to transportation companies in error. We audit from actual paper freight bills or from imported historical data files to perform these post audits.
Each carrier invoice will be reviewed against your unique negotiated pricing, considering the correct application of tariffs, contracts, classifications, discounts, accessorial charges and other price-related issues. Each bill receives detailed verification and validation for accuracy.
If a discrepancy is discovered, we will use our Overcharges Claims module to file an overcharge claim with your carrier and also manage the entire process through to collection. TCR can load your freight bill data in our system and this will offer your company some of the powerful tools available in our TCR Supply Chain Suite and our TCR Web Toolkit.
Post Audit Reports
The data captured will provide the foundation for the use of our many report templates to look at freight flow patterns and trends, access to imaging technology where historical images can be produced for each freight bill audited, and for custom reporting. The post audit data capture will provide information for our analysis tools to perform carrier costing comparisons or the selection of the best rate base to use in carrier negotiations.
Private Tariffs & Discounts
We have an extensive tariff file, however, in order to thoroughly audit all freight bills sent to us, we request that our clients provide us with copies of any special rate agreements, discounts, or contracts which have been negotiated with their carriers. This information will, of course, be kept confidential.
» PURPOSE «
A shipper’s paid freight bills are audited and overcharge claims are filed to collect freight bill overcharges and erroneous or duplicate payments.
» BENEFITS «
TCR’s proprietary software and most experienced auditors typically recover between 3%-5% of freight expense. Post audits also identify improper routings, excessive charges, improper freight classifications etc…
» FEES «
TCR fees are a percentage of the overcharges; therefore there is no risk for customers. If we collect nothing you pay nothing. When we receive payment from the carriers, their checks are sent to our clients together with our invoice for our portion of the overcharges.
Time to Complete Audit
It takes approximately thirty (30) days to complete an audit of six months paid freight bills.