Freight Payment Case Studies

Our customers have the best stories to tell about their experiences using automated payment processes from PowerTrack. The real value of their stories goes well beyond efficiencies handling invoices. The real story is how these companies use data collected during the payment process to improve their business. The improvements they make give them incredible competitive advantages. That’s the story.

Full Case Studies

• Acuity Specialty Products. Learn more.
  
  
• Royal Appliance. Learn more.

Success Stories

• A major manufacturer imported its goods from Asia and distributed those goods to stores around the United States. Unfortunately, this company was unable to track complete expenses down to the SKU level. This company needed to track expenses for the purchase of the raw materials, the manufacture of the products, the shipment of the products, and finally the distribution to retailers. PowerTrack enabled the level of financial clarity needed. What the company did with this information is the real story. Now, instead of guessing about profitability for each product line, the company was able to see where the real expenses were throughout the supply chain. One of the first changes was to change the packaging for one product, decreasing costs by more than 30%.
   
  
• One PowerTrack seller identified unbilled services that topped $60,000 per month. Complex, non-integrated billing systems caused this company to rely upon its customers to tell it about non-invoiced services. PowerTrack gave the company an enterprise-wide view and enabled it to collect the revenues owed.
   
• Another customer, a buyer, identified over $1 million in invoice discrepancies in the first 6 months of using PowerTrack. The invoice discrepancies had in the past simply been paid without question. PowerTrack enabled this company to not only use a rock-solid pre-payment audit process, but more importantly, this company was able to work with its suppliers to eliminate the root causes for the invoice errors. Its exception rate dropped dramatically and is now under 2%.
   
• A major manufacturer determined the most cost-effective location for a new distribution center by analyzing shipping costs from several possible locations. Using benchmark data from PowerTrack, this company was able to accurately estimate freight costs from two different areas of the country. PowerTrack's benchmark data allowed this company to make a major business decision based on facts and real data.
   
• A PowerTrack seller lowered its Days Sales Outstanding enough to negotiate a lower borrowing rate from its primary lender. Faster payments resulted in a significant improvement in cash flow, decreasing overall operating costs for this company.

To find out more about what your company could achieve, contact us via email: info@powertrack.com.