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Best Practices in Freight Audit and Payment
A best-in-class freight audit and payment solution gives shippers the tools they need for effective transportation expense management. From easing the administrative tasks of invoice processing, to creating cost savings through invoice audits, to delivering actionable business intelligence, the benefits … Continue reading
Understanding the Freight Payment Industry
Too often transportation, logistics, and supply chain professionals, along with their internal support staff of purchasing and sourcing staff, will initiate a bid or review with the same mindset by which they select carriers and transportation management solutions. It’s easy to see … Continue reading
Things to Consider When Choosing a Freight Bill Payment Provider
Once you have decided to outsource your freight bill payment function, it is time to begin a careful evaluation and selection process. Each company’s needs will be unique, but there are certain basic criteria against which potential freight bill companies … Continue reading
Why Should I Outsource my Freight Bill Payment Function?
Any company that ships product is familiar with freight bills and the process for paying them. Less understood is the industry that has been built around outsourcing these payment activities. There several good reasons to outsource your freight bill payment … Continue reading
The Freight Payment Industry-How It All Started
The freight payment industry was actually formed by a series of Banks when the transportation marketplace was heavily regulated. Motor carrier bills had to be paid within 7 days and rail bills needed to be paid within 5 days. To … Continue reading
The Pitfalls of Assessorial Charges
In the 1985 small package carriers had 5 assessorials, today they have in excess of 40. It is a known fact that the motor carrier industry watches and learns from the small package carriers on what will work and what … Continue reading
Audit and Payment Services 60 Day FREE Trial!
Experience the difference with Freight Payment, Inc. Avoid Carrier Over-Charges 100% Freight Bill Audit Down To The Penny Both Domestic And International Shipments/Transactions Supported Electronic Carrier Invoicing (EDI 210) 100% EXCEPTION RESOLUTION! Ad-Hoc Analytics Advanced Dashboard Technology All Transportation Modes … Continue reading