Freight Bill Audit and Pay

You need to verify freight costs, control shipping spend and leverage data driven metrics for improved visibility to:

  • Eliminate freight bill overpayments
  • Simplify the review of carrier invoices
  • Enhance future freight rate negotiations
  • Streamline the auditing process

Key Challenges

  • Complex freight pricing - There is a high chance of carriers making mistakes in freight invoicing and your company making incorrect payments

  • Historical data - Overlooking freight payment history can cause serious damage to the bottom line

  • Manual efforts - Relying on labor intensive processes to compare invoices to negotiated prices and conduct invoice audits is inefficient

Capabilities

  • Automation
  • QAD’s solution automates the freight bill approval process, eliminates errors and identifies discrepancies between anticipated carrier freight costs and the actual carrier invoice.
  • Account allocation
  • You can leverage configurable system rules to distribute costs across assigned accounts in the proportions defined, based on the cost types and other characteristics of the shipment.

  • Exception management
  • Your organization can proactively manage and resolve invoice exceptions allowing for discrepancy approval, based on threshold limits configurable by the user.
  • Auditing and reporting
  • Data integrity is ensured for your organization with a single, detailed view of freight spending, resulting in complete visibility into transportation operations.

Further Information

Why You Need to Audit Parcel Shipping Spend

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