Freight Pay and Audit System
Simplify and automate the freight invoice auditing process to eliminate cost slippages and reduce freight charges
Automated freight invoice auditing and payment processREQUEST DEMO
Freight invoice audits when performed correctly, can uncover cost slippages that amount to almost 5-10% of your logistics expenditures. So though at times neglected, but an important step towards optimizing your supply chain process begins from the point your shipment is delivered and the carrier submits the invoice. Freight bill auditing and processing is an extensive process but can save you from being a victim of overcharging by carriers, thereby in turn saving you millions on logistics costs.
Highway 905® Freight Pay and Audit System is a hassle-free and automated tool that covers the extensive process of freight invoice auditing and simplifies it as a necessary add-on to your existing logistics setup.
Automated rate calculation based on the shipment specification and carrier data, as soon as the shipment is picked up from the destination
Option provided to the team for segregation of the roles and authorizations involved in the process, using the system
Automated comparison of the submitted invoice amount with the previously calculated rate
Easily generate and extract freight accrual reports and facilitate your business process decisions
Flexibility to submit invoice to the system in both manual(physical) and electronic invoice forms via EDI (supporting both air cargo- EDI 110 and motor carrier-EDI 210)
Notification sent across to the accounts payable department with remittance data for a hassle-free final approval of payment, in case of a match pay
Large range of exceptions to be utilized for notifying the accounts payable department in case of discrepancies found with the invoiced freight rate (e.g. If amount is above the threshold limit or Duplicate charges found or Unauthorized charges etc)
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