Stop Leaving Up to 30% on the Table – Automation Unlocks Hidden Savings
Does your corporate parcel invoice auditing save your company hundreds of thousands of dollars a year – automatically? That wouldn’t be a surprise, because many organizations still comb through invoices manually or wait until month‑end statements arrive.
But carriers like UPS, FedEx and DHL only offer a short window to claim refunds, and hidden surcharges often lurk in the fine print. That delay can mean forfeiting 10-30% of your parcel spend – money that could be back in your budget.
At Tompkins Ventures, we think parcel invoice auditing should work harder. Our partners’ clients routinely recover six‑figure refunds, with some saving over $475,000 in less than eight months. Others have slashed annual merchant service fees from more than $500,000 to zero and reclaimed $400,000 in shipping costs.
Instead of leaving that cash on the table, companies can turn to automated refund recovery. Reaching out to Tompkins Ventures can reduce parcel spend without operational changes.
The Costly Reality of Late Claims and Silent Surcharges
Carriers promise refunds for late deliveries, lost packages and billing mistakes, but invoices arrive weeks later.
So, by the time most shippers notice an error, the deadline for filing a claim has passed. Beyond those missed service failures, contracts can include hundreds of potential surcharges. These fuel add‑ons, residential delivery charges, dimensional weight adjustments and more add up.
Manual auditing is time‑consuming, error‑prone and often misses the hidden fees that sap your profitability. If you’ve ever wondered “Why am I overpaying for parcel shipping?”, the answer lies in those neglected invoices.
How Automated Parcel Auditing Recovers Refunds, Reduces Costs
We connect companies with small parcel refund management partners that automate the entire refund and audit process:
- Automated claim filing across 40+ refund categories: Automated parcel refund software catches late deliveries, lost or damaged packages, billing errors and surcharges. After detection, our partners’ immediately file for refunds. Think of it as a refund service that never sleeps.
- Instant onboarding with no IT integration: Get started in seconds using existing shipping credentials. There’s no software to install, and weekly reports summarize your refunds.
- Performance‑based pricing: Carriers refund companies directly. Clients owe nothing until the service secures savings. It’s risk‑free and contingency‑based, making it easy for finance leaders to approve.
- Rate optimization and contract benchmarking: Advanced analytics compare agreements against billions in shipping spend to negotiate savings of up to 40%. This kind of shipping rate benchmarking and contract optimization reduces future spend.
- Real‑time visibility: 24/7 dashboards show every refund and savings metric. Configurable reports integrate with corporate ERP and provide actionable insights and heat maps of shipping activity.
These capabilities transform parcel invoice auditing from a tedious chore into an automated, data‑driven process. Instantly auditing invoices captures every eligible refund and spots trends that help clients renegotiate better rates.
Unlock Profit Potential Through Smarter Shipping
For CFOs, COOs and operations leaders, automated auditing offers more than refund recovery:
- Improve cash flow: Refunds credited directly to you transform what used to be a sunk cost into found money.
- Uncover hidden savings: Benchmarking tools catch duplicate charges and incorrect surcharges. Identifying carrier overcharges ensures accurate invoicing.
- Effortless implementation: Onboarding takes seconds and requires no additional labor. Weekly reports summarize savings, so teams can focus on growth.
- Boost negotiating power: Analytics give clients the data to renegotiate contracts and win optimal rates. Clients know exactly how to lower parcel shipping spend, often without changing carriers.
Executives who adopt this technology often see shipping evolve from a cost center into a driver of profitability. As one operations chief noted, “They have recovered over $400,000 in shipping costs in the past year.” Another CFO marveled that his organization went from paying more than $500,000 a year in merchant fees to zero.
These wins result from a systematic, automated approach to parcel auditing.
Ready to Reduce Parcel Costs? Start Today
Ready to tame parcel overspend and stop leaving money on the table?
Recovering lost profits is a must in today’s environment. For parcel shipping, it’s time to let automation do the work.
Contact us and schedule a free audit assessment. Let’s turn parcel invoices into a source of savings, not cost overruns.
Related Reading
- Small Parcel Refund Management
- How Accurate Are Your Freight Invoices?
- Offshore Call Center: Press Here for Great Service
- Why Post-Auditing is a Must for Modern Shippers
Tompkins Ventures matches your enterprise’s challenges with our network of 1000s of Commercial Partners, Capital Partners and Consulting Partners. Our toolbox is unlimited, as every Tompkins Ventures Partner has decades of experience helping companies address the five major factors for business success: Leadership, Capital, Technology, Supply Chain/Facilities and Procurement. In today’s business environment of continual disruption, even the best companies do not do everything great. Your core competency is your business. Our core competency is selecting the right Partner(s) to work with your executive teams to make good companies great. Business strategy and supply chain expert Dr. James A. Tompkins founded Tompkins Ventures in 2020. Our network is based in the U.S. but operates on all continents except Antarctica.