Articles
Freight Payment Services
Freight Bill Audit & Payment: It’s More Than The Money
FBAP service providers use big data and business intelligence to drive global enterprise change.
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Choosing a Freight Bill Processor
As freight payment processor IPS Worldwide heads to bankruptcy court, shippers are reminded how important it is to be diligent when choosing a freight bill processor. Stanley Black & Decker learned it the hard way, alleging in an interview that IPS "diverted, stole or otherwise misappropriated" its funds and owed the company an estimated $41 […]
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Beyond Table Stakes: Freight Payment Clients Hold All the Cards
Advances in technology, increasing globalization, and the growth of e-commerce are upending the traditional freight bill audit and payment industry.
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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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Data by the Truckload – U.S. Bank
Q: With increasing access to data, it can be difficult to hone in on the information relevant to shippers. How can they determine which data to analyze? A: Whether it’s orders, shipments, tracking and shipping status reports, or freight invoices, shippers have abundant access to data. And although technology is supposed to make it easy […]
Read MoreChoosing a Freight Auditing and Payment Vendor
If you’re a freight shipper who is thinking about using a freight auditing and payment service, what should you look for in choosing the best vendor for your organization? These seven selection criteria present a straightforward process to penetrate beyond a company’s sales brochure and determine how well a service company can actually do the […]
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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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Freight Payment and Auditing Services: Solutions You Can Bank On
Trying to manage your freight spending in house risks leaving money on the table. Partnering with the right freight bill audit and payment service provider can help balance your checks and check your balances.
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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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Freight Audit and Payment: An Untapped Source of Working Capital
Q: You said recently, "The art of working capital management has declined." Why isn’t it a focus? A: The no- to low-interest-rate environment following the 2008 market crash made it easy. Debt wasn’t as big of a concern, so many companies let their attention to working capital management slip. Now that the Federal Reserve has […]
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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 Payment and Auditing Services: Cash is King
Freight audit and payment companies help shippers find the hidden cash in their supply chains by eliminating overbilling, and paying invoices accurately and quickly. Ready to partner with a provider? It’s your move.
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Freight Audit and Payment Services: Stacking Up Savings
Analyzing shipment data can reveal trouble spots and identify opportunities to cut costs. Freight audit and payment services provide the supply chain analytics and expertise to give shippers an edge.
Read MoreCalculating the Benefits of Freight Bill Auditing
In the world of big data, a decimal point can make all the difference. Because freight charges represent up to 10 percent of a company’s total expenses, identifying and correcting freight bill errors through auditing is crucial, and shippers want to glean the same insights for their global transportation moves as they capture from domestic […]
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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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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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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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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
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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Gold Mining: Unearthing the Value in Freight Audit and Payment Services
No longer a simple accounting function, freight audit and payment services give shippers access to financial data they can dig into for money-saving insights.
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