"The Hidden Costs in Freight Bill Processing"

Why Processing Freight Bills Using Accounts Payable Methods Cost You Money

According to a recent study, the cost to process a freight bill averages $10.50 - $14.00 per invoice. Processing freight bills using traditional accounts payable methods costs companies in many other areas as well. Besides higher processing fees, errors can cost upwards of 5% of a company's shipping expense. Future rate negotiations can be negatively impacted by up to 3%, and additional fees can be incurred if bills are paid late due to missing invoices or support documentation.

J. Peter Donlon, Executive Vice President, API Outsourcing, discusses the benefits of outsourcing freight bills in a recent article entitled "The Hidden Costs in Freight Bill Processing." The article discusses the crucial limitations of using accounts payable methods to process complex freight bills. It further states the four key advantages that companies can realize by using a freight payment provider. By outsourcing, processing costs can be reduced by 30% - 60%, and the processes utilized are best-in-class, developed through extensive experience.

Read this article to discover why an outsourced solution provides better tools to manage your freight payment process.

About API Outsourcing

API Outsourcing, Inc. (API) is a leading Business Process Outsourcing (BPO) provider of state-of-the-art invoice automation solutions for mid-size to Fortune 1000 companies. API delivers solutions to transform clients' manual paper-dependent freight payment, billing, accounts payable and document management processes into innovative automated processes. Headquartered in St. Paul, MN, API currently manages over 250 million transactions for clients annually. Clients benefit from the significant increase in process efficiency, profitability and financial control. API's clients include Rayovac, EDS, Randstad North America, Affinity Plus Credit Union, G&K Services, AMN Healthcare and Lee Enterprises. API utilizes Six Sigma techniques to provide the highest quality to its customers. Please visit www.apioutsourcing.com or call 651.675.2600 to learn more about the business benefits being delivered to clients.