Simplifying and Saving through Freight Audit and Payment

The Hidden Profit Engine in Your Supply Chain

Freight billing is complicated. Carrier contracts are dense, surcharges multiply without warning and international logistics create layers of risk and confusion. That’s why smart shippers seek specialists to handle freight audit and payment.

Because when complexity rises, so do costs.

At Tompkins Ventures, we know that tapping the right experts for freight audit and payment can uncover game-changing savings. Precision, automation and deep experience can achieve real results.

In fact, our partners help shippers around the world cut 3-30% from their transportation budgets.

It all starts with asking the right question: Are you being billed correctly? Every day, shipment and sector?

Complexity Creates Cost; Experts Create Clarity

Every shipment spawns a trail of paperwork – bills of lading, invoices, carrier contracts and accessorial charges, for example. Each one opens the door to costly errors: duplicate billing, incorrect rates, unapproved surcharges and more. In fact, roughly 5% of all freight invoices are billed incorrectly.

And the more global your supply chain, the greater the chaos. International shipments often involve brokers, forwarders, carriers and multiple currencies. One delay or discrepancy can trigger an avalanche of re-billings and mismatched paperwork.

Such overbilling is rarely malicious. It’s just the sheer volume and complexity of modern transportation and the dynamics between shippers and carriers.

Shippers are overwhelmed – and that’s where a specialized freight audit and payment partner makes the difference. They verify every invoice, match it against contracts and uncover savings opportunities others miss. They find errors that non-specialists miss, from using spot freight rates instead of contract rates to incorrect freight charges,

A Complete Freight Audit and Payment Solution – With Zero Disruption

Partnering with the right provider doesn’t just mean recovering overpayments. It means putting a long-term strategy in place to prevent those mistakes from happening again. Tompkins Ventures connects shippers to global freight audit and payment experts who offer:

• Analysis of every invoice, lane and mode.
• Dynamic dashboards that bring clarity to complex data.
• Carrier payment processing that avoids late fees and improves relationships.
• Global coverage, with expertise in the U.S., EU, South America, China, Southeast Asia and beyond

These partners process tens of billions of dollars in freight spend and parcel payments annually. Millions of packages, millions of invoices. They are federally regulated, secure and trusted by some of the largest brands in the world.

Importantly, our partners tailor this support to your operations. Need to extend payment terms? Accelerate claims recovery? It’s all built into a freight audit and payment ecosystem that evolves with your needs.

Clients Have Recovered Millions

Data and precision can yield massive ROI in your freight billing process.,

Real-world examples include a paper company that recovered more than $2.4 million by identifying billing inaccuracies in ocean and air shipments. A chemical firm saved over $5.7 million by fixing gaps between broker and carrier contracts. A food company clawed back $1 million on dedicated fleet loads and improved truckload and ocean contracts.

In another case, a shipper unknowingly overpaid a parcel delivery service for five months. After a detailed contract audit – including re-rating shipments, validating accessorials and checking dimensional factors – they recovered $121,000 in overcharges.

A Strategic Freight Partner Yields Insights, Not Just Savings

Sure, you can hire and train a staff to go through payments to carriers, but that is time-consuming and expensive.

Tompkins Ventures can connect you with specialists who will start auditing your payments far quicker. And this model doesn’t just help clients find short-term savings. Our partners deliver:

• Carrier performance enforcement to boost accountability.
• Mode-shift and consolidation insights that improve operational efficiency.
• Freight claims management, including automation, resolution tracking and damage mitigation.
• Working capital support, with early freight payment process options for carriers and extended terms for shippers.

Ready to Cut 3-30% From Your Transportation Spend?

Tompkins Ventures can help companies identify the right specialists to handle freight audit and payment without disrupting operations. These providers have retained 98% of their shippers over decades. With no upfront costs and success-based models, there’s no risk – just reward.

Don’t let billing errors drain your profits. Let Tompkins Ventures help you turn complexity into clarity – and costs into savings.

Let’s get back to that early question:

Is your company billed correctly every day, every shipment, every mode and every carrier?

With the right freight audit and payment partner, you don’t just answer that question – you rewrite the answer in your favor.

Related Reading

• Top 5 Reasons Your Freight Bills Need Post-Auditing
• How Accurate Are Your Freight Invoices? Save with Freight Audits
• Thriving Amid Uncertainty