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Third-party payment providers (3PP) and similar service providers in the logistics industry can benefit immensely from using Outsource2india's (O2I) post-payment auditing services. This service helps in identifying any discrepancies in payments already disbursed to carriers and other vendors, leading to excess payments, which in turn, mean lost revenue. What's more, O2I will raise excess-payment refund claims on your behalf and follow up on pending claims until refunds are processed at the carrier/vendor and payments received.
To put the above into perspective, on an average one in nine invoices requires adjustments in the total paid amount. If your company/business is servicing a large number of freight payments on a daily basis, these adjustments can work out to large sums of money. The quantum of overcharges which are identified can make a substantial difference to your revenue lines, so signing up for our auditing service is money well spent.
A brief run-through of how O2I helps payment providers in recovering lost revenues follows:
Outsource your freight bill post audit activities to O2I and reap the benefits of having vendor payments processed within short timelines, and validated to cull out any discrepancies which have resulted in loss of revenue.
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