A Penny Saved Is A Dollar Earned (In Future Savings)

It may seem a bit farfetched to consider that you can
convert a penny of savings into a dollar of earnings.
After all, that means that your savings are multiplied a
Hundredfold. Well, look at it this way. You send your freight
bills out for post audit and among the overcharges that the
auditor http://www.freightrevenue.com recovers is $200.00
because a shipment was rated by weight, even though the
contract allows a mileage rate for shipments of that size and
the mileage rate is $200.00 lower than the LTL rate.
However, since you have a 50% contingency fee arrangement
with the audit company, your net savings are only $100.00.
You normally make this shipment once a week, and because
your contract with your carrier has a year to go, you can
save $200.00 for each of the next 50 shipments during the
life of the contract if you rate them by mileage. This will add
up to $10,000.00 of savings over the life of the contract.
(And you don’t have to share these future savings with
the audit company.) So your initial $100.00 net savings will
ultimately earn your company $10,000.00 in future savings,
which is the hundred-fold multiplier that we mentioned at
the outset of this article. We think that Ben Franklin would
have been pretty pleased with that result. Wouldn’t you?