Freight audit and payment services analyze shipment data to reveal inefficiencies and identify savings opportunities.
Freight bill payment and auditing services save shippers money by finding billing errors and optimization opportunities.
Companies can gain several benefits by partnering with the right freight payment company.
Shippers can benefit by using a bank to facilitate carrier payment transactions.
Leading freight payment service providers continue to enhance the array of tools they offer to help shippers make the most of freight payment data.
With increasing access to data, it can be difficult to hone in on the information relevant to shippers. Here’s how to determine what data to analyze.
Freight is a key part of most companies’ transportation expense. Along with ensuring freight bills are accurate and reflect contracted terms—a key capability—freight payment and audit firms can add even greater value.
Shippers are increasingly learning that to uncover efficiencies and forecast effectively they need visibility into their supply chains—including their payment process.
How will blockchain technology impact the future of the supply chain?
Rick Erickson of U.S. Bank explains how to deal with increasing regulations, demand volatility, and shifting global trade currents.
Freight remains a key component of most companies’ transportation expense. Along with ensuring the freight bills are accurate and reflect contracted terms—a key capability—freight payment and audit firms can add even greater value.
To compete in this fast-paced economy, companies must look for every efficiency possible within their supply chain.
Freight audit and payment companies help shippers find the hidden cash in their supply chains by eliminating overbilling, and paying invoices accurately and quickly.
Shippers get the most out of freight payment services when they make it a primary discussion topic internally and among peers.
Having a Master Plan in place at your port makes operations more efficient, and makes the port more attractive to prospective partners.
Managing loss and damage claims can be challenging for shippers. Claims processing providers can facilitate and educate.
Freight audit and payment provide the control needed to meet the challenges of managing global freight spend.
Pepsi Logistics Company Inc. automates the creation and delivery of carrier and shipper invoices.
Freight payment services allow shippers to pay all their freight transactions and get full visibility into the process.
Hunter Harrison documents the culture change that has contributed to Canadian Pacific’s rail renaissance; Global companies more concerned about climate risk than emissions reductions; Deadline for new ISO17712:2013 high-security seal standards is fast approaching; Lack of collaboration between supply chain and finance hurts the bottom line
Shippers protect against supply chain disruptions with physical, analytical, and financial risk mitigation strategies.
Warehouses and DC networks adapt to changing supply chain trends; U.S. FTZ activity continues to grow; Trendset malfeasance raises red flag for shippers.
Automating supplier payments through commercial cards helps companies facilitate their payment process.
Shipping freight plays a vital role in supply chain management, yet many shippers neglect to take control of their inbound shipments. Industry experts offer strategies for overcoming five common obstacles to successful inbound freight management.
Prologis Pulaski DC breaks ground, breaks new barriers in sustainable development; Voice technology finds traction in the supply chain; Healthcare industry stands to gain by adopting retail supply chain best practices; Freight spot market swings with seasonal demand; Midwest floods present new challenges for inland waterway shippers
Danny Monson of States Logistics Services Inc. offers tips to help shippers confirm a logistics service provider is financially stable before signing a logistics service contract.
As e-invoicing and procure-to-pay networks have evolved into broad-based business networks, advancements now enable professionals to finally connect all the dots in the supply chain, writes Shan Haq of Transcepta.
Stephanie Miles of Amber Road offers advice on how shippers can manage the growing complexity of international supply chains and their associated increasing transportation costs.
By reviewing shipment history, carrier assignments, and freight invoices, a benchmark study will accurately reveal your company’s transportation costs, writes Mike Challman, VP of North American Operations, ChemLogix.
An ounce of prevention is worth a pound of cure. Conduct a financial checkup of your potential 3PL partners before you sign the contract.
Leveraging IT, reconsidering warehouse processes, and conducting periodic network optimization projects are just three of many strategies that enable shippers to not only trim costs, but ensure that transportation spending supports overall business goals.
Having a financing partner that specializes in the transportation industry is important for trucking companies because it will understand their capital needs, collateral values, and financing alternatives, says Nick Weaver, Regions Bank.
Global freight audit and payment providers can help shippers gain valuable insight into their global supply chains while overcoming challenges such as harmonizing multiple currencies, capturing data in foreign languages, data cleansing, and meeting archival requirements.
Improving order-to-cash cycle effectiveness requires more than speeding receivables. Scott Pezza, research analyst, The Aberdeen Group, offers advice for enhancing the overall process by focusing on long-term goals and relationships with customers.
By helping tire importer TBC Corporation convert its inbound transportation to free-on-board (FOB) terms and control freight costs, American Global Logistics rolled out a supply chain transformation.
Freight payment and auditing services can unlock money-saving operations data.
Innovative supply chain management delivers financial benefits to your bottom line.
Freight payment services can make processing carrier invoices easier and enhance freight spend visibility. John Stitz of enVista offers tips on working with freight payment and auditing services.
Today's shippers have the ability to access information captured by their freight bill payment service providers to make more informed decisions about carrier selection, service utilization, and cost allocation.
In light of a strengthening economy, business owners, controllers, and chief financial officers (CFOs) at companies in need of shipping solutions should evaluate their fleet needs and understand their equipment and financing options.
Supply chain financing allows companies to delay paying for transportation or goods while suppliers are still paid quickly – for a fee. While it might seem counterintuitive, participants say it’s a win-win for all. Here’s how it works and trends worth watching.