4 Benefits of Utilizing Freight Invoice Software

The software will allow businesses to examine costs being charged to shipments. Carriers make billing mistakes and getting visibility on shipments needing to be disputed, vs invoices that are accurate frees up resources that can be better utilized elsewhere. For large LTL shippers, this will help to save on average 3-5% on unnecessary accessorial or freight bill charges that were charged by carriers. 

Auditing is a time-intensive process requiring human input and expertise. Freight Invoice Auditing software allows artificial intelligence to automate GL Coding along with cost center coding.  Through automation accuracy and consistency improves and resources manually spent coding can be better utilized elsewhere. The Freight Invoice Audit Software will provide visibility to monitor invoicing exceptions rather than analyzing each shipment.

Gain perspective on what it takes for your transportation program to be optimized. The transportation invoice auditing software should be able to give you Logistics Key Performance Indicators (KPIs) and benchmarks for costs. This data can help give you data-driven insight into linehaul charges vs accessorial charges being used to help negotiate with carriers most effectively.  This also highlights what services are being utilized most & where negotiations need to be focused.

Information is key in negotiating transportation that fits your programs for Transportation RFPs. Freight invoice auditing software can help you keep data clean to help provide lane-specific sourcing solutions. From the data, you can pull historical information, line haul frequency, accessorial charges, and other KPIs/metrics (cost/lb & cost/mile) that can help improve your bottom-line.