Whether working with larger Fortune 500 companies or smaller sized businesses—global or local and regardless of industry—Veraction has made a measurable difference.
Veraction has partnered with hundreds of customers to deliver transportation spend management, and has helped them SEE their transportation spending more clearly, SAVE valuable time and significant money, and CONTROL their transportation better than ever.
Spanning retail, pharmaceutical, apparel, consumer packaged goods, telecom, banking aerospace, manufacturing and distribution… here are a few of their success stories.
Veraction helped to resolve a significant holiday season shipping bottleneck that existed with third-party parcel delivery companies for a major retailer client. By uniting shipping activity into a single platform regardless of shipping source or location, Veraction helped the client realize 24-hour outbound shipment visibility with an enhanced ability to mitigate package delivery exceptions during the busiest of seasons.
Veraction streamlined an inefficient system of third-party logistics providers and freight forwarders into a unified purchase order feed for enhanced visibility into inbound freight costs. Our solution enabled the company to see estimated spend costs by the second day of the following month—a variance reduction from 40% to 2%! And that was only the beginning...
Veraction conducted a complex cost allocation analysis across multiple product lines, divisions, groups and departments for a global athletic retailer; an effort that spawned significant labor-reducing automation opportunities; a dynamic, customized, rules-based, table-driven coding engine; and an automated coding process for millions of shipments now enjoying an exception rate of less than 2%!
When a wireless provider sensed major inefficiencies in their new vendor compliance process, they called on Veraction to take a closer look. We created a role-based portal that reduced manual processes, automated messages, designed new reporting functionality and integrated contract compliance—resulting in savings across the board in dock scheduling, warehouse detention and real-time information processing.
A leading international provider of avionics and information technology services sought improved efficiency and cost reduction across their entire global supply chain. Veraction enhanced carrier audit, improved transportation cost allocation to key business units, and added additional automated VAT coding in Europe—all while improving disbursements and enhancing global reporting abilities.
Veraction helped a veteran international retailer client realize serious bottom-line transportation spend savings by developing a master data management strategy and putting it to work. Automated data capture, complex SKU-level matching, cost estimation, custom- business intelligence tools—all combined to yield significant transportation spend savings across the company’s entire workflow.