Shipping and logistics companies generally have high recurring costs like rising fuel bills, in addition to substantial capital expenditure. As costs continue to rise, and the economic environment remains uncertain, companies in the sector use outsourcing to optimize input costs and revenues.
You can also try out an integrated logistics solution, tailored according to your company’s specific requirements. Cogneesol is specialized and agile in creating tailored business models. Let us create a solution to meet your company's specific needs to provide information for your decision-makers and stakeholders while delivering efficient documentation, lowering costs of logistics, and reducing inventory.
The BOL serves as a receipt for consigned goods, a carriage contract, and a document of title and, therefore, is a significant document.
Electronic BOLs (e-BOLs) are generated nowadays instead of the paper BOLs generated traditionally. These let companies create encrypted BOLs online and generate, review, modify, transmit, and print BOLs securely.
We help you generate e-BOLs on your shipments, irrespective of whether you are an exporter, a logistics provider, or a transportation company, through back-end support. We help you realize faster freight documentation, financial settlements, and enhanced productivity. That is because we help you make considerable savings on processing time and paperwork. We deliver e-BOLs to you even earlier than the dispatch of your shipments.
We offer such services to third-party payment providers and third-party logistics providers (3PPs and 3PLs), in addition to exporters and transportation companies. Through these services, we help them handle substantial volumes of freight bills.
A lot of logistics companies' time goes into processing and paying freight bills that carriers raise. Our expert team approves your bills after reviewing each process, audit, and invoice. We also transfer funds electronically to disburse these according to the invoices, if this service is included in the outsourcing contract. You can save a lot on your bill processing costs and time by outsourcing freight payment processing to us. By availing our freight bill processing service, you can shorten your processing cycles, reduce administrative costs, and eliminate claim disputes, overcharges, and duplicate bills.
Many carriers issue freight bills for large logistics providers, which these companies then have to deal with. Common occurrences include errors in critical data and rates, in addition to inaccurate billing. These happen on account of the frequent changes in exchange and freight rates, along with long cycles for processing.
We review each freight invoice at the transactional level and compare it against relevant shipment documentation, such as negotiated rates and the BOL. We highlight and recheck all billing errors and bring these to the carrier's attention.
You can compare various carriers on the basis of total billing and rates if you avail of our audit services. Based on that, you can decide which carrier is more profitable and cost-effective.
If you outsource to us, you can save the time you would otherwise lose while rectifying inaccurate bills and resolving disputes.
We check for errors in payments made already to carriers by 3PL providers. We ensure rectification of errors and bring all overbilling instances to the attention of the providers.
We review all paid carrier invoices in-depth and scrutinize price-related issues such as discounts, classifications, and contract rates negotiated. We provide relevant documentation, and file overcharge claims to the carrier concerned if any discrepancies are discovered.
By adopting our BPO services, your logistics business can reap numerous benefits – access to exclusive talent, improved efficiency, cost reduction, etc.
When you outsource some of your business processes to us, your in-house staff can utilize the saved time to carry out core operations.
It is often difficult to find highly skilled talent; we eliminate the challenges related to hiring and retaining administrative resources.
The team of Cogneesol builds effective strategies that add value and streamline your processes, ensuring maximum client satisfaction.
Established logistics companies worldwide put their trust in Cogneesol for assistance in numerous business processes.
We ensure data security by getting the Non-Disclosure Agreement signed by our experts before projects are assigned to them.
The technical team at Cogneesol has been giving us an excellent service on the audit of our freight payments. They identified gaps and leakages that we had been unaware of. Thanks to the team’s help, we have been able to reduce the freight costs considerably. We look forward to their continuous help. They make an invaluable partner.
Cogneesol has been our firm support through our entire growth trajectory. They joined us eight years ago, and since then, have been our strong partner as we established our name and went on to explore other markets. The team that works for us understands the logistics domain extremely well and keeps themselves updated on regulatory updates and changes. This helps us stay accurate and compliant!
We have been fortunate in having Cogneesol as our backend support partner. They take our business’s fluctuating seasonal volumes without massive rate changes. There is a scientific rate built into our contract that the team does not deviate from. This steady relationship has built immense trust and confidence. We rely on Cogneesol as if they were our own in-house team!