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Using freight invoice auditing software, you can gain better control over transportation costs
Fremont, CA:There are a number of challenges that companies often face when it comes to logistics that can be attributed to the lack of metrics or a quantifiable way to measure, track, and determine if freight bills are accurate. A lack of oversight and visibility leads to freight overspending, and freight claims become lost in the muck of doing business.
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What is Freight Auditing
Auditing and payment services can help a company prevent overbilling, negotiate future shipping rates more effectively - and, most importantly, find the most efficient carriers and transportation strategies.
It is common for carriers to make mistakes in freight invoicing because of the complicated rate/freight pricing system in the logistics industry. On occasion, carriers fail to deliver shipments on time despite service level agreements.
A third-party service typically performs freight audits, which involve scrutinizing carrier invoices carefully. Errors in billing, incorrectly classified shipments, tariff weight breaks, and other charges can be recovered.
In addition to reducing operating costs and increasing billing accuracy and compliance, freight audits can provide real-time metrics that can help you pay carriers less. Use freight invoice auditing software to manage and track your company's logistics channels.
Benefits of Freight Bill Audit and Payment
• The accuracy of carrier payments has been improved
• Streamlining the invoice review process for carriers
• Shipping costs can be reduced by saving time and money
• Streamlines the auditing of freight invoices
• Comparison of freight rates is easy
• The freight bill can be audited after it has been posted
• Corrects billing errors
In many cases, freight rates are negotiated before contracts are signed. Freight audits often reveal companies are paying more than the carrier quotes. Using freight invoice auditing software, you can gain better control over transportation costs.
Streamline your operations with freight and audit payment solutions that automate time-consuming manual processes. With the automatic coding of general ledger codes, you can quickly look up rates and approved invoices. Be sure that payments are correct before invoices are approved and save your accounting staff time.
By capturing and auditing all the information related to your shipments and selected freight carriers, your management teams will have increased visibility. Make better decisions by tracking route combinations to optimize logistics and reduce the amount of money lost by shipping and invoice mistakes.
It is possible to distribute detailed reports based on the auditing of freight invoices provided by the software. Invoices, freight bills, and delivery receipts can be viewed as custom or standard reports and seamlessly integrated with ERP systems.
Utilize state-of-the-art technology that combines all your freight invoices and auditing into one web-based platform or company-wide application instead of outdated freight tracking programs.
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