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3PL Billing Audit Uncovers $43,000 Error

01
Scope Of Work

When it comes to your brand's largest cost centers Goodmove always recommends building out tools to automatically analyze and confirm your partner's accuracy, starting with those that see the highest financial outlay.

We built out a digital model to automatically reconcile invoices from a brand's 3PL. Based on volume, six-digit invoices were common each month so there was the potential for significant discrepancies.

Goodmove first took the contract provided by the fulfillment partner and digitized all the details associated with the billing logic. This allowed Goodmove to clearly reconcile each month and any major anomalies were flagged and reviewed.

Historical accuracy could also be calculated by taking previous months into account. In the end the identified issue was related to mis-categorized stock and inflated the storage billing. This error was uncaught over a 6 month period and provided Goodmove's brand with a sizable credit.

Automatic auditing not only ensures your partner's are invoicing properly it also can save your team an incredible amount of time as the performance of these tasks are most often done manually and take many hours every month. Putting that out across many partners and many invoices the hours add up quickly.

THE RESULT

$43,000 Fulfillment Credit

Average $3,000 Monthly Savings

Financial Verification To The Penny

Ongoing Peace Of Mind

ROI

Immediate

02
Effects

See the outcomes of the campaign measured in numbers.

24.4 %

Sales growth

2.23 M

Social media reach

7000

Views on YouTube

3.4 pp

Market share increase

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