NORDILOG
Cost recovery & invoice auditing
Are you leaving money on the table?
Discrepancies in accounts payable can drain the hard-won cost savings of strategic procurement teams. This leakage can be substantial, adding up to millions on the bottom line. Nordilog will help you to virtually eliminate this leakage.
The Problem
Carriers and freight forwarders sometimes make mistakes when invoicing their clients. There can be several reasons for this — internal miscommunication, siloed systems, people drawing on the wrong contract information — resulting in inaccurate and inconsistent invoices.
On the receiving end, the accounts payable team does not have the domain expertise to deal with the overwhelming complexity of freight invoices. Logistics and supply chain managers are usually responsible for accepting these invoices but they are typically overworked and understaffed focused on solving daily challenges in the supply chain.
The Result
Shippers accept invoices and surcharges not aligned with their contract, leaving millions of dollars on the table. On average, one in ten invoices is wrong.
The solution
Nordilog has developed a solution that combines the latest technology available with its own functional expertise to capture invoice data and match it with the contract data to identify discrepancies. Based on this analysis, we will investigate the root cause and initiate the invoice dispute process to recover the overcharges directly with your suppliers.
The data is your golden ticket to freight spend analysis
The extracted data from freight invoices, supporting shipment files, and other records create a powerful source of visibility into a company's freight spend. For transportation and logistics managers, this data becomes the basis of strategic decision making, (carrier) benchmarking, tender support, and logistics cost savings. Common business practice includes disconnection between shipment details and actual invoiced amounts, as they are not managed through the same platform. Nordilog, however, does make that connection. This leads to advanced analysis capabilities. The data can then be extracted from your freight invoices, enhancing your control over tenders, benchmark carriers, cost allocation, accruals, and understanding your cost-to-serve.