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.
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.
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.
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.
Companies can gain several benefits by partnering with the right freight payment company.
Freight payment services allow shippers to pay all their freight transactions and get full visibility into the process.
Warehouses and DC networks adapt to changing supply chain trends; U.S. FTZ activity continues to grow; Trendset malfeasance raises red flag for shippers.
Freight audit and payment services allow shippers to leverage data to solve their business challenges.
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.
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.
Freight payment and auditing services can unlock money-saving operations data.
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.
Advances in technology, increasing globalization, and the growth of e-commerce are upending the traditional freight bill audit and payment industry.