Articles
Freight Payment Services
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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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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Freight Payment & Audit Services: Beyond Bills
Freight payment and audit services used to be all about billing accuracy. Now they also deliver financial insights through pre-payment auditing, reporting, benchmarking, and analytics tools.
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Helping Shippers Do More With Less
Q: What challenges or issues are shippers facing in an era of globalization? A: Our world has certainly become a much smaller place, but our challenges have only increased. Coupled with a tough economic climate, the need for greater supply chain visibility is paramount. Transportation costs over the past several years have come under greater […]
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Freight Payment and Auditing Services: Finding the Hidden Gold
They may be designed to perform a straightforward function, but freight bill payment and auditing services can also reveal money-saving operations data.
Read MoreDiscovering Savings Through Freight Payment Services
Freight payment services can make it easier to process carrier invoices. They also enhance freight spend visibility, which can drive better strategy and planning. Today’s systems often include Web services to help shippers streamline information exchange. Some freight payment systems even deliver mobile access to transportation spend for immediate reporting and decision-making. Discover savings through […]
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Freight Payment Systems: From Dollars to Data
For freight payment and audit services, rooms full of rate clerks poring over paper freight bills are a thing of the past. Today, these firms provide business intelligence data that delivers even more value.
Read MoreTurning Invoices Into Intelligence
Don’t let bankruptcies in the freight payment industry overshadow the potential power of turning freight invoices into actionable information.
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