Insights

Freight Audit & Pay: Allocation and Reconciliation

In this week’s blog post, we wanted to give some much-needed love to all the accounting teams out there. When you crunch the numbers (pun intended), accounting departments touch every facet of the business, from leadership to operations to human resources, all the way down to the customers themselves. They are the connective tissue that binds organizations together. 

Accounting departments are often tasked with finding the funding to make projects Go. They are expected to wave their fingers over a keyboard and magically create budgets that allow operations and customer service departments to dream big. And because the buck stops with them, literally, they are often the ones who end up having to say No. 

At Zero Down, we want to give back to these hard-working individuals, and help them say Yes. An under-rated aspect of our industry-leading Transportation Spend Management System is the time and resources it can save accounting teams. While offering a host of benefits on the logistics side of things, our Transportation Spend Management System also provides advanced allocation and reconciliation services that can greatly improve accounting processes: 

  • Allocation – Also known as GL Coding, Zero Down’s allocation services can automatically sort invoices by department or location, helping to establish accurate visibility to true transportation costs. 
  • Reconciliation – On the payment side of things, our Bill Pay module’s reconciliation services provide an easy way to track payments, eliminating lates and duplicates. 

Many logistics platforms in the market today focus on providing excellent shipping services, and rightly so. Audit and TMS services are incredibly important to profit margins and customer satisfaction. But let’s not forget about the accounting teams working hard in the background, making sure everything adds up. The benefits provided by Zero Down’s allocation and reconciliation services to this vital business component cannot be overstated. If the numbers don’t work, nothing works. 

Show your accounting team some love. Give them the tools they need to help the rest of the business succeed. Reach out to us today for a Free Demo, and let us show you why our Transportation Spend Management System makes sense for you.

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Author: Brad McBride

Brad McBride, CEO and Founder of Zero Down Supply Chain Solutions is a dynamic leader with over 30 years of experience in the supply chain sector. His journey began at Consolidated Freightways in 1988, where he mastered freight logistics and pricing. His career led him to Eagle Global Logistics, diving into international freight forwarding and leading high-volume shipping projects.

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