Here are four reasons why automating your parcel bill payment makes sense.
1. Consolidate the payment of all your parcel shipping accounts.
It’s not uncommon for companies with many accounts or locations to receive multiple invoices each day from FedEx or UPS. In fact, many of our customers receive over 40 carrier invoices each month.
Managing so many invoices is an inefficient use of time and resources when automated bill payment could do the work without the risk of errors or oversight.
2. Establish a consistent process if you rely on multiple carriers (UPS and FedEx), or pay for multiple accounts.
Different payment methods, varied due dates – the challenge of paying numerous invoices for multiple accounts is incredible. By using automated bill payment, you’re able to adhere to each carrier’s preferred payment method without added work for your team. Plus, you’ll have a “single source of truth” for your payment history, which is incredibly helpful when trying to put your affairs in order.
3. Get more of the audit credits you’re due!
By scheduling your payments to occur automatically, you can wait until later in each invoice’s specific payment window without the risk of late payments. This is especially helpful when it comes to maximizing your refund credits.
If you’re paying invoices immediately, or too early, you’re telling the carrier, “yes, these are accurate charges.” It’s easier for you or your auditor to ask for credits from carrier mistakes if you haven’t yet paid the invoice. If, you’re not auditing your shipping, we at Refund Logistics can help you get back the money you’re owed.
4. Use FedEx? Short pay is a necessary evil that gets easier.
You won’t have to make your best guess at accounting for your credits before you pay FedEx, better known as short paying your invoices. Parcel bill payment automation takes care of the math and ensures you don’t over or underpay the carrier, while expanding the time you have your money in hand to monitor and account for refunds that your business is owed.
Want to know about how your business can benefit from Refund Logistics? Feel Free To Call or Email Us Today!