Freight Settlement

Don’t pay too much for freight
Do you pay twice for freight – once to the carrier and a second time to a third party or internal staff to reconcile invoices and issue the payment? Do you pay questionable freight charges because you can’t accurately reconcile invoices with shipments? You don’t have to.

Match & Pay
Reconciling invoices with actual shipments can be time-consuming, error-prone and costly without automation

Once freight is delivered, accurately and efficiently settling payment is key to profitability. But many companies either outsource freight settlement or pay for questionable charges because they don’t have the resources or ability to properly reconcile shipments with carrier invoices. Transportation Management’s freight settlement capabilities allow shippers to automate carrier settlement through match and pay or self-invoicing. In match & pay, the system compares invoices to executed shipments to either issue payments or flag exceptions for investigation. Self-invoicing allows payment based on shipment records without carrier invoices. Both approaches reduce the time and costs of settlement while ensuring accurate payment for actual shipments executed.

For logistics service providers and other third party shipments, the system automates client billing on a consignment basis and tracks all costs for detailed margin analysis. This helps you easily identify profitable and unprofitable customers, lanes and loads.

So don’t overpay for your freight, and don’t pay others to do what can be done in-house automatically.