Freight Payment, Audit & Billing
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Ryder’s new infographic highlights the most important elements to navigate disruption and keep your goods moving. Learn how the combination of talent and technology, lead best-in-class brokerages and optimize the movement of your freight.
JoAnn Stores had miles of fabric and millions of buttons, and with that came nearly as many shipping challenges. With 5,000 ocean container shipments annually from Asia and the Middle East, the craft retailer was in urgent need of a smart, automated prepayment audit solution. Read how Acuitive’s portal helped provide a transparent and accurate ocean freight audit function with seamless utility and appearance.
Fast-paced rate life cycles brought by the pandemic make invoice discipline increasingly important. Learn how retailer PVH uncovered the risks realized when a carrier contract isn’t managed, and how to prevent liquidated damages with digital rates and contracts. Listen now.
Cash preservation is critical amid current market turbulence. As parcel volumes surge and major carriers block shippers from filing for service refunds, companies must proactively manage their parcel contracts. Download this free whitepaper to learn about carrier sourcing best practices and how to achieve cost savings across every transportation mode. Download now.
Most companies understand the importance of having reliable freight and parcel audit providers. What they may not understand, however, is how these services can improve strategies and results. Leveraging data provided by transportation insights is the key to unlocking valuable information and shining a light on weak spots in your supply chain. enVista’s latest whitepaper introduces the steps needed to make the most of your freight and parcel audit data, so you can reap the benefits of informed business decisions.
To make informed decisions, companies need to align business intelligence with macro insights. To that end, Inbound Logistics sits down with Bobby Holland of U.S. Bank and Bob Costello from the American Trucking Associations to look at the direction and velocity of the industry as reflected in the U.S. Bank Freight Payment Index. Get the latest talk about trends, tariffs, capacity, and inventory/cost management
Transportation leaders are constantly looking for ways to reduce costs while improving service levels as they conduct strategic assessments. Using the Spend Diagram to document freight flows and costs on a single page is the best way for a transportation team to collect data and focus their efforts. Read our white paper to learn how a Spend Diagram can identify savings opportunities throughout your transportation operations.
Many companies remain unaware of just how much their inbound freight costs them because these charges are “buried” in the prices they pay for the goods. “Collect” payment terms allow companies to pay for their own inbound transportation costs rather than their vendors . This not only gives a company greater control over their network—often resulting in greater visibility, tracking, and monitoring—but is frequently more cost-effective as well.
Understanding freight claims is vital to running an efficient transportation and logistics department. Unrecovered freight claims have a direct impact on the bottom line of a company—and the tougher the economic times and thinner the margins the greater the impact. Download this whitepaper to learn the difference between freight claims and freight liability, tips to mitigate freight damage, steps toward successful freight claims and more.
Trust & Verify – Best Practices: Financial Due Diligence and the Outsourcing of Freight Bill Audit and Payment
There are billions of dollars circulated globally for the movement of goods. Transportation costs can be higher than any other expense. It is critical that companies carefully choose their freight payment provider. Performing due diligence on the vendor’s financials not only protects the company’s funds, but also reassures they’ll not lose money and be indebted to any carrier. This whitepaper highlights a number of steps that can be taken to ensure a successful relationship, and protect and minimize the financial risk to the outsourcer.