UPS completes global launch of billing analysis tool
UPS has completed the launch of the UPS Billing Analysis Tool, an industry-leading global expense management technology for customers that converts transactional billing data into a powerful solution for analyzing and managing global transportation costs.
UPS’s billing technology portfolio now provides customers around the world the ability to analyze detailed financial information about their package shipping activity in 36 of the world’s most active trading countries, all in a single data file. The information is available to customers in 21 languages and can be converted into the customer’s preferred currency. The tool was demonstrated today during UPS’s annual Technology Summit for reporters, held here at the home of UPS’s global all-points air hub.
The Billing Analysis Tool not only enables customers to segregate, view and produce reports on international, ground and express shipping charges, but also breaks out associated costs such as duties, taxes and total customs and brokerage fees.
The Billing Analysis Tool has enormous potential not only for logistics management but also for accounting and procurement functions. Because it provides some 180 shipping and billing data elements, both large and small enterprises can use it to analyze and allocate transportation expenses according to their individual needs.
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