Freight bill auditing and transportation cost management are complex activities that can have a direct impact on the profitability of your logistics operation and company’s bottom line. To be successful, you need to manage dozens of tariffs and accessorial fees, monitor fuel indexes and surcharges, currency fluctuations, and freight invoices in a variety of formats.
While most ERP systems are capable of storing basic freight rate structures, most are not designed to manage the intricacies of sophisticated transportation models and diverse carrier invoicing processes. Furthermore, without seamless integration to a transportation execution system, an ERP must still rely on timely delivery of information and manual data entry to properly trigger an efficient freight bill audit and settlement process.
Transwide’s freight settlement solutions leverage our robust contract management and rate engines, and a seamless integration to the Transwide execution modules to provide a variety of options to manage the financial aspects of your transportation across multiple modalities and settlement paradigms.
We invite you to learn more about how our freight invoice settlement solutions can help you to interact in an efficient and collaborative manner with your transportation suppliers from contract validation to invoice settlement.