logisticstechoutlook

Intelligent Audit Joins the Ranks of BiTA

By Logistics Tech Outlook | Tuesday, September 24, 2019

Hannah Testani, Chief Operating Officer

The incorporation of blockchain technology will enable organizations to introduce greater transparency and efficiency into their freight auditing process.

FREMONT, CA: The logistics industry is going through a revolution fueled by the emergence of robust modern technologies. Organizations are increasingly incorporating innovative technologies to automate their shipping operations, enhance supply chain visibility, and reduce the expenses involved in freight processes. Freight often takes up a significant portion of the budget. To ensure the optimization of costs, freight auditing has become imperative for organizations.

One of the challenges faced by logistics organizations when it comes to freight auditing is the consolidation of the diverse data stored in various data silos. It often leads to inaccuracy in the analysis process. To take control of the data, organizations need robust BI tools designed to detect anomalies and drive improved cost-saving. Fortunately, organizations need not look further than Intelligent Audit, a technology company focused on audit and payment, supply chain data analytics, and contract optimization.

The company recently joined the Blockchain in Transport Alliance (BiTA), an organization founded to empower leaders in the transportation and technology sector sharing the vision of incorporating blockchain into the supply chain. It aims to develop a standard framework by educating the market about the benefits of blockchain technology and driving its adoption.

Intelligent Audit strives to deliver robust and innovative solutions to the clients. The investment in blockchain technology will enable it to bolster its position at the frontier of logistics technology. The technology holds great promise for the company, as it deals with the monitoring of shipments flowing through the transportation network from the origin to the delivery stage, and finally, the carrier payment. Combining the business intelligence tools of Intelligent Audit with blockchain shows excellent potential in enhancing freight auditing. It can facilitate a decentralized and distributed database, enabling transparency, accountability, and efficiency in processes like billing and payment.

BiTA showed its enthusiasm in welcoming Intelligent Audit into its ranks. The main goal of the organization is to develop robust market standards for blockchain use, facilitating a community platform for discussions on cross-industry technology standards through its diverse membership, including brokers, carriers, shippers, and technology providers. The ranks of BiTA include premier logistics and technology players such as the United Postal Service (UPS), FedEx, and SAP.

The organization has grown into an impactful forum for education, encouragement, and promotion dedicated to the development and adoption of blockchain in multiple sectors, including trucking, transportation, and logistics. It empowers its members to participate, discuss, create, and adopt industry standard blockchain applications, offering clarity and direction for the development of the technology.

Since the year 1996, Intelligent Audit delivered effective freight and audit payment, supply chain data analytics, business intelligence reporting, and contract optimization. Its capabilities enable logistics organizations to reduce transportation spend. Its audit solution and reporting engine offer a range of opportunities for cost reduction and process improvement. The insights provided by Intelligent Audit enable them to ship smarter and achieve more excellent cost optimization.

The automated freight audit and payment solutions offered by Intelligent Audit are fueled by robust and innovative anomaly detection capabilities designed to identify the most daunting challenges in the freight sector. Its sophisticated proprietary data normalization techniques offer practical data mining and advanced analytics capabilities to logistics organizations. Intelligent Audit empowers its clients with real-time and actionable insights to transform them into smart shippers. It not only helps them reduce transit time and transportation cost but also enhances the end customer experience.

Logistics Tech Outlook Magazine recognized Intelligent Audit for its contributions to the logistics sector and named it one of the “Top 10 Freight Audit and Payment Solution Providers – 2019.”

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