AUTOMATICALLY RECONCILE YOUR FREIGHT INVOICES
Verify Freight Costs, Control Spend and Leverage Data Driven Metrics for Improved Visibility
To reduce overhead and improve cost reduction, more and more organizations have strategically decided to audit their freight invoices in-house. PRECISION’s Freight Bill Audit and Pay solution makes reconciling your shipping operations easy and efficient. Through smart automation, you will be directed to shipments that exceed your predetermined threshold to evaluate the parameters or conditions that drove the alert, for example package weight variance or unexpected assessorial fees.
Parcel auditing and freight cost verification solutions provide the analytics and expertise to give shippers an edge. In the past, many companies outsourced freight auditing. By moving this function in-house, companies gain more visibility and control over their shipping spend. A robust freight audit system can help you identify consolidation opportunities, cut unnecessary freight and trim costs by making smarter transportation decisions. Freight auditing is an integral part of managing supply chain costs and provides an analytical, financial review of invoiced costs versus supplier agreements. Companies that process a high volume of freight transportation bills and invoices without auditing them for accuracy are likely overpaying a significant amount of money without knowing it.
KEY FEATURES OF PRECISION FREIGHT BILL AUDIT AND PAY
- Shipment cost extract and upload
- Invoice file upload and manual invoice entry
- Invoice matching, review and approval
- Payment approval
IMPROVE YOUR POSITION FOR CARRIER DISPUTE RESOLUTION
Information is Power
Sifting through a vast amount of shipping data is time-consuming and costly, particularly for high volume package shippers. PRECISION’s freight auditing and payment services allow you to focus your energy on issue resolution by giving you the information you need. With PRECISION Freight Bill Audit and Pay, you have the flexibility to process multiple actions driven by your contract strategy, whether self-billing or carrier-mandated.
STRENGTHEN YOUR FREIGHT CONTRACT NEGOTIATIONS
Maximize Return on Logistics Spend
Without having proper shipping, tracking and invoice data, shippers are at a disadvantage. The PRECISION solution consolidates all of the shipping data and provides insights into critical key performance indicators, such as on time versus late deliveries and contract versus billed rates. The data generated is often the only way organizations can gain a single, detailed view of their freight spending, resulting in complete visibility into their transportation operations.
This allows companies to undertake processes such as supply chain planning, route optimization and carrier rate negotiation based on fully vetted data. PRECISION Freight Bill Audit and Pay allows your company to maximize the return on logistics spend through financial review and analytical reporting. Our payment auditing and reporting tools help ensure data integrity and improve your supply chain decisions.
Freight Cost Verification Made Easy
PRECISION Freight Bill Audit and Pay is used by high volume, high value and time-sensitive global shippers. Precision Software’s customers span multiple industries including banking and finance, life sciences, high technology, retail, industrial, automotive, higher education and public sector as well as logistics providers.
To find out how PRECISION’s parcel auditing solution can serve your organization, schedule a consultation today.