Articles

Freight Payment Services

Freight Bill Audit & Payment: Getting More Bang for Your Bucks

Freight Bill Audit & Payment: Getting More Bang for Your Bucks

Freight transportation networks within the United States move billions of tons of goods, worth trillions of dollars. The carriers who move these goods often issue lengthy, complicated, and confusing bills for their services. To ensure shippers pay those freight bills on time—the amount they owe, but no more—many turn to third-party freight bill audit and […]

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Gaining Visibility Through Data

Q: Data impacts the way many organizations make decisions. Can a freight audit and payment system provide added visibility? A: If shippers don’t have valid insight, they can’t make valid decisions. Data analysis and benchmarking can provide this visibility, allowing shippers to identify outliers in performance and cost. Yet most companies don’t have the technology […]

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Rick Erickson

Optimizing Your Supply Chain

Q: How can today’s manufacturers deal with increasing regulations, demand volatility, and shifting global trade currents? A: While supply chain managers work diligently to design and oversee extended supply chains, one aspect that often falls through the "operational cracks" is supporting the corresponding financial supply chain. Orchestrating the end-to-end cash flow velocity and supporting transactions […]

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Rick Erickson

Opening a Dialogue on Freight Payment

Q: A recent report revealed that only 18 percent of shippers discuss best practices in freight payment processing with outside organizations. Were you surprised by that number? A: As a company that works hard to help our clients think strategically—and views payments as a strategic function of any company—we’d love to hear that shippers are […]

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Freight Bill Payment: Meeting the Pepsi Challenge

Freight Bill Payment: Meeting the Pepsi Challenge

When Pepsi Logistics Company Inc. (PLCI) was thirsty for an automated system for billing customers, and processing and paying carrier freight bills, it whet its whistle with Epay Manager from Level One Technologies. To understand Plano, Texas-based PLCI’s thirst for automation, consider its size and scope. PLCI manages parent company PepsiCo’s private fleet, one of […]

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Richard Erickson

Best-in-Class Supply Chains Won’t Overlook Freight Payment

As a shipping professional, you play an important role in your company’s physical supply chain. But did you know your role is just as important to your company’s financial supply chain? In today’s global supply chains, encompassing multiple transportation and financial partners, all stakeholders need visibility into transactions, parameters and results of the financial supply […]

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Jerry Lucente

Is Your Freight Payment Company Equipped to Audit Your Invoices?

Businesses use freight payment companies (FPCs) to decrease internal administration costs and maintain detailed back-up information for their finance departments. They rely on FPCs to review weekly transportation invoices for accuracy and make payments on their behalf. Some companies also count on FPCs to audit their invoices. Companies can gain several benefits by partnering with […]

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Rick Erickson

Accessible Capital, Trustworthy Partners Key to Managing Freight Costs

Q: What is the key to managing freight spend in today’s environment? A: In addition to the slow growth economy, the transportation industry has been hit with significant economic and industry challenges, including increasing regulations, driver shortages, fluctuating fuel costs, and a tight credit environment. Carrier costs are going up—costs that will likely get passed […]

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Trends—October 2013 

Trends—October 2013 

Warehousing 2018: Rise of the Adaptive DC As supply chains shift their moorings and settle into new realities—the permanence of e-commerce, sustainability, risk management, total landed cost sensitivity, and demand-driven strategies—distribution centers are evolving in kind. Stock characterizations of warehousing are falling to the wayside. DCs are becoming more complex and sophisticated; so are their […]

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Cheryl Garcia

Transportation Payment—Bank on a Better Way

The definition of "carrier" is pretty straightforward: an entity that transports freight. Carriers are in the transportation business, plain and simple. Actually, not so simple. Carriers are also in the credit business. Unintentionally, to be sure, but they are. When carriers set payment terms of 45 days, they are essentially extending credit to the shipper […]

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