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Here Are 3 Advantages of Freight Audit and Payment Solutions

By Logistics Tech Outlook | Monday, January 13, 2020

Freight and audit payment applications remove time-consuming tasks like sorting invoices, paying, receiving and opening mail, auditing and approving invoices, rate look-up, and even conveying a general ledger code.

FREMONT, CA: Freight audit and payment programs can assist companies of all sizes in developing accuracy when evaluating and paying carrier invoices. With a team dedicated to analyzing all charges prior to payment watchfully, freight audit and payment providers can save shippers substantial time and money. 

Three Core Benefits of Freight and Audit Payment Programs

1. Control Costs

Detailed contract management, auditing procedures, and demonstrated negotiation methods by payment providers and freight audit ensure clients pay the exact price that they had been quoted, introducing a firm control over transportation-related expenses.

2. Redirect Resources

Freight and audit payment applications remove time-consuming tasks like sorting invoices, paying, receiving and opening mail, auditing and approving invoices, rate look-up, and even conveying a general ledger code. These tasks, independent of each other, are effortless, but when combined, the responsibilities can be monotonous and time-consuming. By removing the soft expenses, accounting teams can send their resources to more vital initiatives.

3. Increase VisibilityThe solutions can also boost visibility for top management teams. Furthermore, freight audit and payment companies employ state of the art technology to capture and store delivery details, which can then be reported regularly. Meticulous reporting helps executives understand where transportation dollars are going to make well-informed shipping decisions. Companies can then track every route and mode combination to recognize optimal choices for future shipping. The information offered by the reports can then be passed along to staff to shape internal procedures and paramount practices. Tighter control on shipping selections can facilitate firms to cut excess transportation spend and return it to the bottom line.

Additionally, historical shipment data can assist key decision-makers in planning for the future. When carrier contracts expire, organizations can compare options to make essential adjustments to core carriers. Breaking down and analyzing transportation trends can help a firm to make intelligent shipping decisions.

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