Freight Audit and Payment
Automated Invoice Auditing and Payment Optimization Solutions
Automated Invoice Verification
Let your employees focus on more important things while our solution examines every invoice for billing errors, discrepancies, contract violations.
On-Time Carrier Payments
Don’t damage carrier relationships with late payments. We send payments on-time, every time, and according to your carrier contract.
Seamless Refund Recovery
Don’t leave money on the table. Our automated tool removes the risk of human error, uncovering more refund opportunities to save you money in a fraction of the time and cost.
Identify Cost-Effective Improvements
Our auditing program provides easily digestible data to help you make logistical improvements that improve service quality and negotiate with carriers who fall short.
How Our Audit and Payment Process Works
Freight audit and payment begins the moment you receive a freight invoice and ends when the payment for a valid invoice is confirmed.
Ingest & Normalize Data
We receive carrier invoices from multiple file formats (EDI, CSV, etc.), integrating them seamlessly into our audit system for accurate analysis.
Automated Audit & Invoice Matching
FreightOptics™ automatically parses and matches invoices, identifying discrepancies and verifying rates, surcharges, and discounts.
Exception Management
Any exceptions are identified, corrected, and/or submitted for client review, ensuring that necessary approvals are obtained before proceeding with corrections.
Cost Allocation
We apply accurate GL codes to ensure costs are properly allocated across departments or business units for greater visibility and control.
Payment Processing & Refunds
We finalize invoices, recover any refunds, and manage or provide remittance for carrier payments.
Contract Compliance and Financial Operations Optimization
Multiple forms of data capture, including OCR scanning, increase data accuracy and integrity over manual entry.
Monitor and analyze operations to look for improvement opportunities that increase service levels, reduce shipping costs, and inform decisions about carrier management.
Covering All Modes of Transportation
By Sea
Ocean freight is naturally complex, generally using multiple modes of transportation for a single shipment and incurring accessorial fees throughout transport.
Our solution organizes linked invoices to avoid duplicate charges, ensures shipments are being consolidated correctly, and increases visibility throughout the entire process.
By Road
Road freight is one of the most common modes of transport, but that doesn’t mean it’s easy.
We’ll help you secure favorable LTL and FTL rates, ensure service levels are fulfilled, and recover incorrect accessorial fees that come from deliveries.
By Rail
Rail freight is cost-effective, but it’s less flexible than other methods, so you need the right partner to avoid costly mistakes.
Our FAP solutions help effectively plan your shipment’s timing, ensure the carrier has the capacity to fit your shipments, and monitor the shipment's progress from start to finish.
By Air
Air freight can get costly without effective air rates and monitoring for unnecessary accessorial fees.
We constantly work to find the best rates to keep your costs down while ensuring your shipments arrive on time.
Automated Invoice Auditing and Payment Optimization Solutions
Automated Invoice Audits
Let your employees focus on more important things while our solution examines every invoice for billing errors, discrepancies, and contract violations.
Carrier Payments and Cost Allocation
Ensure timely payments and precise cost allocation in full compliance with your carrier contracts. We help protect your carrier relationships while streamlining your payment process.
Seamless Refund Recovery
Don’t leave money on the table. Our automated tool removes the risk of human error, uncovering more refund opportunities to save you money in a fraction of the time and cost.
Identify Cost-Effective Improvements
Our auditing program provides easily digestible data to help you make logistical improvements that increase service quality and negotiate with carriers who fall short.
Client Success Stories & Proven Results
Ocean freight is naturally complex, generally using multiple modes of transportation for a single shipment and incurring accessorial fees throughout transport.
Total Savings
Cost Savings Potential Up to
Parcel and Freight Carriers
Why Should Zero Down Manage My Freight Audit and Payment?
Cost-effective shipping means protecting your bottom line. Billing errors can cost you 15% or more in shipping costs, so an effective auditing solution is essential for finding and recovering overcharges as well as negotiating better rates.
Shipping is a complex process that’s difficult to optimize without operational visibility. Our transportation management systems identify improvements to things like packaging and shipping routes that make your operations more efficient.
Carriers dictate your shipping costs and customer experience. Keeping them happy means better rates, reliable service, and flexible accommodations – and that starts with our timely payment services.
FAQs
Freight audit providers help lower shipping costs by identifying billing errors and recovering refunds. They’ll also simplify the freight payment process, which helps keep carriers happy for better rates and terms.
The insights gained from auditing even uncover cost-effective improvements you can make to your shipping process to lower freight spend.
You can also enjoy peace of mind knowing that every mistake and error will be identified, fixed, and recovered to keep your freight costs down. Our payment solutions will also keep your carriers happy so you can benefit from consistent, reliable service quality that creates high-quality customer experiences.