BENEFITS OF TTC'S SERVICES
TTC’s Customers understand that processing freight bills adds no value to
their businesses and is not their core competency. Therefore, they appreciate the
benefits of using our services:
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LOWER COSTS! |
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In study after study, industry analysts and financial consultants have determined
that the fully loaded cost of processing a freight bill in-house averages from
$6.00 to $7.00 per bill! One only needs to consider just a few of the
tasks required to pay freight bills to understand this:
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Open incoming mail and forward bills to applicable department(s) |
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Verify shipper/receiver liability for freight charges |
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Compare charges billed to predetermined carrier rate schedules |
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Assign applicable accounting code(s) or general ledger number(s)
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Enter freight bill data into payables system |
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Identify and reject duplicate billings |
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Print, insert and mail checks to carriers |
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Review and resolve exception invoices |
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Respond to carrier inquiries regarding payments |
Add to these expenses those for postage, systems time, hardware, check stock, document
storage, etc. and it is easy to see how the total cost of handling freight payment
in-house can be so high.
TTC’s primary business is Transportation Data Management, whose central component
is the processing of freight transactions. As a result of our extensive use of automation,
leading-edge technology and EDI, combined with the principle of volume of scale,
TTC’s per unit cost is simply less!
Why incur excessive internal processing charges when the comparable cost of using
TTC’s services is far lower?
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GREATER ACCURACY! |
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The freight bill has been termed “the messiest document in the United States
of America”. Regardless of efforts at standardization, it remains error prone
and requires considerable expertise to process and pay correctly.
TTC has successfully supplied the marketplace with freight payables services for
nearly 30 years. During this period we have continually upgraded and refined our
operational procedures and systems to provide the greatest level of accuracy possible.
The result:
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Maximization of overcharge recoveries, whether it be from rate errors identified
or duplicate payments prevented |
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A superior transportation and distribution data base |
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Better freight accounting allocations and accruals |
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Minimal carrier payment issues
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Why try to develop the necessary freight payment
expertise internally when it’s already available with TTC…and at a lower
cost?
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MORE MANAGEMENT DATA! |
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Corporations often spend months of effort and countless dollars in the design, implementation
and operation of a Transportation Data Management System that, in the end, is unequal
to TTC’s.
Regardless of the means of delivery, whether via TTC’s Internet Reporting
System, data transfer or hard copy reporting, TTC provides its Customers with more
information, faster and more reliably than any other method available. The effective
use of this data can reduce a company’s transportation expenses to a degree
far exceeding the costs of TTC’s services.
Why devote valuable internal resources to creating a Transportation Data Management
System when the best one already exists at TTC?
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FOR MORE INFORMATION ON TTC'S CAPABILITIES, PLEASE GO TO: The TTC Difference
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