KANSAS CITY, Mo. (July 15, 2020) – VeriShip, a SaaS-based business optimization and spend management platform, today announced its selection to Supply & Demand Chain Executive’s SDCE 100, a prestigious list spotlighting successful and innovative supply chain projects that deliver bottom-line value to small, medium and large enterprises.
VeriShip was chosen for its success controlling shipping expenses for client SimpleTire, a seamless data network linking thousands of independent tire distributors and installation centers across the country.
“Being named to the SDCE 100 is a great honor. More importantly, it spotlights how we help our clients – by giving them control of their shipping expenses,” said VeriShip CEO Shawn McCarrick. “There has never been a more important time for companies to have a detailed understanding of their shipping operations so they can find savings, optimize better rates, and best serve their customers.”
VeriShip has been controlling shipping expenses for small and midsize businesses for 15 years, with data and analysis on 70 million packages shipped annually through DHL, FedEx, UPS and Fulfillment by Amazon.
It put its data and experience to work for SimpleTire. The company, which processes millions of shipments annually, needed to manage parcel shipping rates and surcharges more efficiently, while also optimizing their carrier contracts and consolidating carrier bill reconciliation and payments. By leveraging VeriShip Logistics Intelligence, Parcel Audit and Bill Pay, SimpleTire will recover or avoid more than $1 million in shipping fees this year.
Using the Logistics Intelligence dashboard, SimpleTire gained clarity into their spend, surcharges and carrier performance, which allowed them to improve operations, recover refund opportunities and gauge the performance of their carrier contract as the business grew. Moreover, by streamlining the carrier invoice reconciliation and bill pay process through the VeriShip Bill Pay solution, SimpleTire’s accounting office reports several hours a day in time savings.
“VeriShip helps us control our shipping and freight expenses and plan better, but it also allows us to free up cash to invest in sales, marketing and people to help us grow faster,” said Simple Tire Senior Vice President of Operations Thomas Ganey. “VeriShip is one of our most valuable tools and bridges the gap between what you think you know about parcel, and what’s actually happening.”
The 2020 SDCE100 award focuses on the industry’s most successful and transformative projects over the last year. According to Supply Chain & Demand Executive MacKenna Moralez: “These collaborations have delivered value to enterprises across a range of supply chain functions, offering a forward-looking perspective as new opportunities—and new struggles—arise.”
VeriShip is a spend management and payments platform that tracks, audits and analyzes shipping invoice data to support small and midsize businesses shipping with the four largest U.S. carriers. Its cloud-based SaaS technology platform gives SMBs control of their shipping data with a single source of visibility into parcel spend. Its team of data scientists and parcel experts uses the platform’s decades of shipping data to help clients optimize shipping contracts and optimize and reduce future shipping spend. Since 2005, VeriShip has helped nearly 6,000 businesses optimize shipping on nearly $2 billion in parcel spend. Learn more at sifted.com.
Tracy Henderson, Center Reach Communications