Product Feature: Cost Recovery Tracking

In the intricate world of logistics and supply chain management, the potential for unnecessary freight costs often lurks in the shadows of untracked and unmanaged cost recovery agreements. Cargobase recognizes this challenge and offers a solution designed to streamline this process.

Cargobase enables manufacturers (shippers) to manage and track their cost recovery for logistics and transportation services from the moment they create a request for a quote or shipment. Shippers can customize a simple yes or no question to activate a cost recovery ow in the shipment request form or have it automatically applied to a request based on shipment-specic reason codes. Once the ow is activated, users can add additional information regarding the cost recovery, such as a contact, order number, etc. Upon shipment completion, the system can generate a task for a user to follow up on the cost recovery. All cost recovery data will also be visible in the reporting for full transparency.

Benefits of cost recovery tracking

Improved visibility

Shippers can fully recover their expenses associated with production, transportation and delivery of goods and services, ensuring a sustainable and protable business.

Better decision-making

Shippers can maintain a single source of documentation for all their cost recovery cases, making it easier to track and manage these ad-hoc arrangements alongside regular shipments.

Enhanced efficiency

Cargobase streamlines the process of logging and tracking cost recovery instances, reducing manual work and minimizing the risk of errors.

Clear communication

By consolidating all cost recovery information in one platform, shippers can ensure transparent communication with their buyers and stakeholders about any additional costs and the status of shipments.

How it works

Click 'yes' for Cost Recovery during quote request

Use Resolution Center to track the Cost Recovery status

Update Cost Recover information such as credit note number, cost recovered, and date of recovery.

The Cargobase platform eliminates the guesswork from freight cost management and provides shippers with the tools needed to make informed decisions. With improved visibility and streamlined processes, shippers can not only recover costs more efficiently but also enhance communication within their supply chain. This not only impacts the bottom line but also strengthens your relationships with suppliers and customers.

It's time to take control of your cost recovery process. Get a free consultation now.