PRECISION FREIGHT BILL, AUDIT, PAY (FBAP)
Freight bill, audit, pay solutions provide the supply chain analytics and expertise to give shippers an edge. In the past, many companies outsourced their freight bill audit and payment. By moving this function in-house, companies gain more visibility and control into the extensive reporting capabilities available. The ability to see the whole picture can help you identify consolidation opportunities, cut unnecessary freight and trim costs by making smarter transportation decisions. A freight audit is an integral part of managing supply chain costs and provides an analytical, financial review of invoiced costs versus supplier agreements. This may result in a logistics savings of four to seven percent! Companies that process a high volume of freight transportation bills / invoices without auditing them for accuracy are likely overpaying a significant amount of money without knowing it.
KEY FEATURES OF PRECISION FREIGHT BILL, AUDIT, PAY
- Exception management of invoices based on threshold variances
- Shipment cost extract and upload
- Invoice file upload and manual invoice entry
- Invoice matching, review and approval
- Payment approval