Key Capabilities to Maximize Profitability, Simplify Sourcing
Automation
Automate the freight bill approval process, eliminates error and identify discrepancies between anticipated carrier freight costs and the actual carrier invoice.
Account allocation
Leverage configurable system rules to distribute costs across assigned accounts in the proportions defined, based on the cost types and other characteristics of the shipment.
Exception management
Your organization can proactively manage and resolve invoice exceptions allowing for discrepancy approval, based on configurable threshold limits.
Auditing and reporting
Data integrity is ensured for your organization with a single, detailed view of freight spending, resulting in complete visibility into transportation operations.
Accessorial identification
Uncover unauthorized charges like additional handling charges or unanticipated charges such as Saturday Delivery or Residential Delivery.
Financial Compliance
Ensure adherence to financial requirements that all invoices are checked in detail.
Next Steps
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Frequently Asked Questions
What is a freight audit?
Freight bill auditing, a process historically burdened by inefficiency and errors, involves systematically verifying freight bills to pinpoint and correct any discrepancies or inaccuracies.
What challenges are associated with a freight audit?
Freight payment, despite its critical role, often presents a range of challenges. Inaccurate invoicing is a common issue, frequently leading to overpayments, duplicate payments, or even the accidental payment of another shipper's bills. Discrepancies in shipment details between the Bill of Lading and the invoice can create significant hurdles, causing payment delays and corrupting your shipping data with incorrect information. Finally, delays in payment processing due to inefficient or inaccurate systems can strain valuable carrier relationships, result in overdue payments, and trigger frustrating second notices and balance due billings.
Why should my organization audit freight bills?
Freight auditing ensures carrier invoices are 100% correct before payment, and that goods reach customers efficiently and on time. It guarantees legitimate and fair charges for all parties, fostering strong relationships with customers and carriers. A robust freight auditing solution also offers analytics, providing additional supply chain visibility. This critical intelligence empowers your team to better manage processes and costs, optimizing profitability.