VeriShip data bridge provides visibility of parcel shipments
March 28, 2018
Parcel shipping intelligence company VeriShip has launched the VDB data bridge to let companies that rely on parcel carriers such as UPS and FedEx close the data gaps between what happens to a package before it is manifested and all that happens after.
Up to a quarter of parcel shipping expenses are made up of surcharges and accessorial fees, added on by carriers after packages have been manifested, shipped or reach their destination. But because those specific charges aren't evident until they appear on a carrier invoice, they often are not accounted for when businesses calculate cost-of-goods-sold metrics.
VDB leverages the shipper's original parcel carrier data – including invoices and tracking and transit logs – collected during existing parcel auditing processes and interpreted by the firm’s VIP intelligence platform and prepares it for other systems a business uses, providing shippers with a holistic portrait of all their production and shipping data.
"As consumers have grown accustomed to fast and free shipping, the pressure is on businesses to deliver," said Andrew Brueckner, chief customer officer for Kansas-based VeriShip. "But the lost revenue and inefficiencies that arise from unaccounted for costs and expense visibility gaps hurt their bottom lines. VeriShip’s data bridge provides clarity that's never been available before by making parcel data actionable and sharing it with their preferred single-source-of-truth systems."
With VDB – introduced at this month’s Shoptalk in Las Vegas – businesses can schedule and automate those parcel data imports into their preferred primary systems, including enterprise resource planning, transportation management, warehouse management and customer relationship management.
VeriShip delivers data-driven services to more than 3300 businesses. Its parcel intelligence platform and carrier contract engineering empower businesses with a 3D approach – data, diagnosis and design – to parcel shipping optimisation that starts with the audit, then goes beyond. Actionable data insights drive intelligent decision making, while on-demand monitoring of key performance indicators ensures visibility and parcel accountability.