Goodwin Company fights increasing freight costs with Betachon Freight Auditing
Case Study
Overview
Goodwin Company produces and distributes liquid packaging products for the automotive appearance, household cleaners, and industrial cleaners industries. Over the course of 96 years, this family-owned business has grown to include two facilities with a combined blending capacity of 1,000,000 gallons. Whether it’s processing the one ounce container or a 20,000 gallon railcar, this liquid packaging business doesn’t have the bandwidth to focus on auditing every freight invoice for billing errors.
Benefits
Betachon Freight Auditing analyzes and dispute incorrect charges on shipments as far back as six months.
Provides proof of every refund found and sends weekly intuitive reports that outline critical transportation data.
Streamlines supply chains processes and increases overall efficiency.
Business Challenges
Freight expenses continue to soar and Goodwin Company needs a solution that lowers costs.
Restricted time and manpower to audit packages and file claims internally.
As a liquid distribution facility, Goodwin Company needs a sophisticated system for tracking packages and filing claims.
Solution
Betachon Freight Auditing slashes freight costs by auditing invoices by line item, disputing claims instantly, and returning dollars back into the business without disrupting operations. Betachon Freight Auditing does all the work necessary to boost efficiency, secure maximum refunds, report on savings, and accelerate payouts.
Situation
Goodwin Company accommodates long-term storage, warehousing, and distribution of product for its customers. Freight orders make up a large portion of its daily operations. Eric Martinez, Controller at Goodwin Company, noticed that the GL coding procedures could be dramatically improved on its freight processes.
When Betachon Freight Auditing approached Eric with a system that automatically assigns shipper-defined GL app.betachon.coms, he immediately worked to integrate the transportation spend management system at Goodwin Company. When the Goodwin Company team was attempting GL coding manually, not only did it require a full-time employees to ensure proper GL coding every year, but inaccuracies would occasionally arise.
Goodwin Company enlisted the expertise of Betachon Freight Auditing to improve productivity and lower freight costs. After deploying the awardwinning technology offered in Betachon Freight Auditing, not only has Goodwin Company experienced a 3.5% recovery rate on freight invoices, but it’s able to redistribute 20 hours every week to other business objectives.
Results
Sees a 90% increase in weekly savings.
Saved 20 hours every week by eliminating manual GL coding.
Uses readily available shipment data to improve operational efficiency.
“Betachon Freight Auditing completely automated the general ledger sorting of our freight invoices. The time that was spent assigning GL app.betachon.coms is now reallocated to more urgent business priorities.”
Eric Martinez
Controller at Goodwin Company
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