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.
Accepting credit cards can be a major differentiator for businesses, enabling customers to pay however is most convenient for them. To balance this need with the necessity of maintaining margins, consider credit card surcharging.
Lean accounting coupled with a lean supply chain can ensure everyone is rowing in the same direction to reach the maximum, long-range goals and benefits of Lean thinking.
FBAP service providers use big data and business intelligence to drive global enterprise change.
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.
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.
With RateLinx’s TracLinx module, an electronics retailer gained accurate tracking data and corrected sequential issues in real-time, allowing the company to make better logistics decisions and drive other initiatives.
Supply chain visibility is one of the key drivers to a company’s success, yet still remains a top challenge.
A low-cost provider may produce short-term savings but will not deliver sustainable efficiencies and the level of service shippers expect. Strategic partnerships that are mutually beneficial stand the test of time and drive waste out of shippers’ supply chains.
COVID-19 has created unprecedented challenges for supply chain and logistics management, and the pressure is on to deliver essential supplies, such as toilet paper and food, to consumers on time. Successfully delivering a product on time involves many factors, and labeling shipments correctly is one of them.
Multiple orders moving the same day to the same customer but on different bills of lading add up costs for shippers. The solution is to consolidate them.
Walmart Canada and DLT Labs™ today announce the launch of Walmart Canada's blockchain-based freight and payment network, the world's largest full production blockchain solution for any industrial application.
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.
As the supply chain faces factory closures and limited access to employees and logistics to move goods amid the COVID-19 outbreak, leaders can help ease disruption by focusing on their workforce, products, and costs, according to Gartner.
Decisions made with incorrect data lead to no cost savings and compounding incorrect data throughout the supply chain. Here's how to make sure your data is sound.
Partnering with a 3PL that offers a comprehensive transportation management system can help your enterprise take control of the LTL spend.
Growing demand for low-cost services and a rapidly expanding e-commerce sector will boost the market valuation of third-party logistics (3PL) to $1.8 trillion by 2026.
The clearer your RFP, the easier it will be for 3PLs to understand your requirements and provide you with the information you need to make an informed selection.
This story examines factoring, supply chain financing, and variations on those strategies that trading partners use to optimize their cash flows.
Advances in technology, increasing globalization, and the growth of e-commerce are upending the traditional freight bill audit and payment industry.
The business case for capitalizing on record freight volumes is clear. Here’s how to unlock immense sums of money in the supply chain.
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.