September - 20216 logisticstechoutlook.comLinda James Managing Editoreditor@logisticstechoutlook.comAs technology continues to revolutionize the logistics industry, manual invoicing, antiquated freight accounting software, and outdated payment solutions are gradually disappearing into oblivion. With technology making deeper inroads into the freight audit and payment arena, logistics and shipping companies are increasingly adding innovative, future-ready solutions to their toolbox. Automation is upping the game of freight auditing by optimizing supply chain operations. At the same time, shippers can achieve improved efficiencies and increased accuracy with minimized human labor by automating the process of invoice review. Automation also allows logistics firms to scrutinize the freight invoices and address the core challenges in the process. Firms can reinvest the significant cost savings realized through automation in logistics management. Although the advancements in technology primarily revolve around the automation of freight invoice auditing, they also hold immense potential in helping the shippers pay invoices on time, learn why carriers seem to always overbill for certain lanes, and bargain more when it comes to renegotiating freight rates and contracts. On the other hand, integrated systems via API and EDI allow for real-time audits before payments, thereby lowering costs tremendously. Besides, data analytics is rising to popularity when it comes to providing auditing insights that play a vital role in helping shippers make spot versus contract shipping decisions. A myriad of freight audit and payment players in the market is continuing to explore technological developments to offer the newest, innovative, and state-of-the-art solutions for logistics companies. To help leaders navigate through the list of promising freight audit and payment providers, our panel comprising CEOs, CIOs, VCs, industry analysts, and the editorial board of Logistics Tech Outlook presents to you the top companies in this landscape. We took a deep dive into the market trends to narrow down the list of companies delivering freight audit and payment solutions. Equipped with innovative capabilities, these enlisted freight audit and payment solution providers transform logistics at the cloverleaf of various disruptive technologies. We hope this issue of Logistics Tech Outlook helps you build the partnership you and your organization need to foster an environment driven by efficient technology. Let us know your thoughts! EditorialA New Era in Freight Audit and Payment SEPTEMBER , 2021, Volume 07 - Issue 9 ( ISSN 2644-2515 ) Published by ValleyMedia, Inc. To subscribe to Logistics Tech OutlookVisit www.logisticstechoutlook.com Managing EditorLinda JamesEditorial StaffAaron PierceAva Garcia Jade Ray Joshua ParkerSarah FernandesDean WinchesterVisualizerAsher Blakesales@logisticstechoutlook.comeditor@logisticstechoutlook.commarketing@logisticstechoutlook.comEmail:SalesJessica Stanleyjessica@logisticstechoutlook.com*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffCopyright © 2021 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.
< Page 5 | Page 7 >