Share a Refund is a parcel spend management and recovery solution for companies of all sizes based out of Houston, Texas. Share a Refund offers the following best-in-class services:
- Shipment Auditing Service
- Lost and Damaged Service
- Carrier Agreement Optimization
- Carrier Agreement Compliance
- General Ledger Coding
- Carrier Payment Remittance
- Transportation Analytics
Share a Refund is a parcel auditing platform that finds and secures unclaimed refunds within FedEx and UPS small parcel shipping accounts. The performance-based service saves companies 4.5% on shipping on average, with no upfront or ongoing fees, just a split of the savings delivered. Share a Refund operates under the moniker “Found Money”, and businesses use Share a Refund to save money on shipping.
Share a Refund analyzes each shipment within a FedEx® or UPS® account by way of a comprehensive inspection, including items such as late delivery, surcharges, double billing, and more. The audit performed on each shipment is based on years of experience in shipment auditing. Over $1B worth of shipments has been audited by the Share a Refund platform.
For a system trusted by some of the largest companies in the world, Share a Refund offers a flexible pricing plan that allows businesses to scale whilst getting quality service. Its price comparison feature also allows shippers to see reports that provide details on savings estimation at a glance. The Share a Refund system also offers full transparency on all transactions, giving shippers the advantage of being ahead of the curve when it comes to discounts and reconciliations.
What is share a refund
Share a Refund is a bespoke audit management company based out of Houston Texas, United States with offerings and services that rival some of the top audit management companies around the world. The Company offers services that cut across;
- Audit Recovery
- Lost and Damage Claims
- Carrier Agreement Optimization
- Carrier Agreement Compliance
- General Ledger Coding
- Carrier Payment Remittance
- Transportation Analytics
What does share a refund do
While Share a Refund’s primary service offering is Audit Management, there are a lot of value propositions embedded within its services which as a promise of quality to its clients who are constantly guaranteed value at every point, a few of them are as follows;
Audit Recovery
Share a Refund makes it their responsibility to analyze every shipment in your FedEx® or UPS® account through a bespoke and comprehensive inspection process. With over $1B worth of audited shipments on the platform, the company has a track record of excellent service delivery and experience in shipment audit. Their excellent service in addition to the brilliance of their proprietary software, ensures that they remain one of the few industry leaders based on metrics of speed, accuracy, among others.
Lost and Damage Claims
Filing claims for shipments which have been lost and damaged can be a tedious process as a lot of shippers tend to do this manually. Share a Refund estimates on their website that the process takes roughly over 10 minutes per claim. This is a problem that the Share a Refund team has solved quite easily for shippers through the deployment of their award-winning automation tool, ensuring a seamless transaction process for every shipper.
Carrier Agreement Optimization
Carrier contracts can be quite complex to review and understand. By implication, this means that shippers are left to make probable guesses on good discounts and hope for the best outcomes. The inherent flaw in this approach is that carriers are aware of this and take advantage of the complexity to insert waiver charges which shippers may not easily deduce. Share a refund actively helps some of the biggest shippers in the world with this issue through their excellent automation tool.
Carrier Agreement Compliance
It would be extremely difficult for any shipper to check for the accuracy of each line item on carrier invoices. Share a Refund helps its shippers automate this process through the performance of a post-audit that reconciles the active carrier charges to the individual charges on carrier invoices, allowing the shipper to conveniently file a dispute based on the discrepancies.
General Ledger Coding
According to data published by Share a Refund, incorrectly tendered shipments usually make up about 2-20% of all shipments. In such scenarios, shippers have to do a manual reconciliation which wastes valuable man hours. However, through its General Ledger Coding service, Share a Refund helps shippers organise and process the ugliest freight invoices, giving them back valuable hours, which can be refocused on other value adding aspects of their transactions.
Carrier Payment Remittance
When it comes to consolidation of multiple carrier invoices and approved expenses, Share a Refund helps businesses to recover the amount of time spent on the preparation of remittance documents, transferring ACH to carriers and processing the invoices into the Enterprise Management System. The company, through its automation tool also ensures that you are not over paying or underpaying and accumulating late fees. It also ensures flexibility for shippers with a high-degree of corporate governance through the integration of access controls, protection of information and privacy tailored towards the needs of security conscious organisations.
Transportation Analytics
Share a Refund also offers shippers access to its reporting features, giving the opportunity to export pdf reports that detail the online shipping and auditing activities on their UPS® and FedEx® accounts. These reports ensure that managers have access to insights that help them make operational decisions, and estimate the refund potential on each shipping account.
Why should companies use share a refund
Share a Refund offers a combination of value for money and the capabilities to keep this value offering consistent;
Transparency and Value for money
For a system that meets the needs of some of the largest companies in the world, Share a Refund offers a flexible pricing plan that allows businesses to scale whilst getting quality service. Its price comparison feature also allows shippers to see reports that provide details on savings estimation at a glance. The Share a Refund system also offers full transparency on all transactions, giving shippers first hand advantage of being ahead of the curve when it comes to discounts and reconciliations.
Flexible System Which Supports Scalable Businesses
The share a refund automation tool has been vetted by top security software companies so shippers can be rest assured of the safety of their information. The system also ensures that even the most complex invoices are tailored in line with expected reporting requirements, making it an excellent tool for organisations of all sizes.
