Client Success
Achieved Better Forecasts, Budgets, and Data Access
TL auction saved annually
LTL savings annually
savings from renegotiated incentives
‘Complex requirements easily managed.’ I like this tagline because it represents to me what I think is the most cost-effective and flexible TMS and freight audit and pay solution that I’ve been around. It’s been a really good experience.
Overview
Pentair provides smart, sustainable water solutions helping the planet and people thrive with residential and commercial water solutions, industrial water management and everything in between.
Pentair used ShipLinx TMS and RateLinx Freight Audit & Pay to standardize
shipping, freight audit, and freight payment processes by managing all of their parcel, LTL, and TL in one place.
Challenges
Labor intensive to administer rate changes and updates, often paid incorrect contracted rates on invoices
Too much time spent on tactical rate administration and freight invoice payment vs finding new ways to
save more on freightComplex requirements for 15 unique business units with 15 A/P workstreams for funding/payment of freight invoices
Paper invoicing led to invoice aging
Difficult to add newly acquired business units to TMS and freight audit solutions
Unable to have contracted and spot lanes for TL pricing
Subjectivity in TL carrier selection
Massive freight accruals when carriers submitted late invoices from shipments 12 months or more prior
- Impossible to know total transportation network cost
Solution
Benefits Pentair realized with ShipLinx TMS
- Low cost rate administration and eliminated tariff administration FTE
- Quick and easy to implement multimodal rate changes
- Easy to enforce least cost carrier and routing compliance to find new cost savings opportunities for all modes and changed vendor behavior
- Easily onboarded carriers and new business units quickly
- RateLinx set up all the EDIs with the carriers to have 100% electronic invoicing that put accountability onto carriers to submit invoices into RateLinx
- Hybrid TL pricing model for both contracted and spot lanes saved $1M monthly with clear cost/mile and cost/lbs metrics with a healthy mix of contracted and spot lanes
- Cut labor hours via automation and shifting carrier disputes to RateLinx carrier resolution services
- Quickly resolved disputes, cut audit backlog
- Provided insights for successful contract and rate negotiations
- Standardized rate agreements and kept freight terms, freight costs, and ship figures current and accurate
Benefits Pentair realized with RateLinx Freight Audit & Pay
- Quickly identified changes in parcel costs, identified root cause, and renegotiated incentive structure to save $2M annually
- Match requirements ensured carriers invoiced at quoted spot rates
- Minimal balances on aged invoice reports
- No surprises with late billings or posting
- Accurate, timely, and accessible data used for negotiation, planning, forecasting, budgeting
- Instantly accessed freight invoice data, lost savings, savings, and potential savings
- Confidently knew total transportation network costs immediately
Learn more from Pentair’s freight management achievements with ShipLinx TMS And RateLinx Freight Audit & Pay.
Download the full client success story!
