AcuAudit

Automated invoice processing saves time and money.

To learn more about the downside of manual processes for global freight audits, read our white paper: 5 Worst Practices for Managing Global Freight.

Downside of Manual Freight Audits

Specialist not a Generalist

The cost to manually process a global freight invoice is 53% higher than the cost of using an outsourced partner with an automated process.

Costly errors

Rate sheets used for comparisons are often outdated; if the quantity and or sizes of the containers are wrong, the invoice can look right but still be wrong.

Unsolved problems

Short paying an invoice when a discrepancy is found doesn’t resolve the issue with the carrier – a short/over claim is coming.

Reduced working capital

Overpaying or paying before disbursement is due diminishes cash flow.

The Better Way

Automate the Audit Process via Acuitive’s pre-payment global freight bill audit module receives data inputs from carriers, 3PLs and forwarders, and then automatically validates the correct invoices and isolates discrepancies. It’s a highly transparent, granular process that audits 100% of all freight bills, prompts carrier self-correction prior to payment, and reduces the time and cost of administration.

How Do Things Change with the Acuitive Platform?

  • Minimizes human intervention – see how Jo-Ann Stores automated and improved the ocean freight audit process.
  • Standardizes the process, giving you complete control over global freight audit and payment – learn about our easy, 6-step audit process.
  • Provides easy access to shipment history data.
  • Automates and adapts payments based on the credit terms and payment schedule you have negotiated.
  • Automates screening and detection of duplicate and missing invoices.
  • Improves management visibility – monthly reports document actual savings captured for clear, accurate ROI data.
  • Integrates automatically with most of the world’s major carriers and 3PLs – see our Integrated Providers.
  • Simplifies the dray audit process – Acuitive has created a dray audit module to help shippers deal with this task, made more complex with ocean carriers’ exit from the chassis business.

Bottom Line Benefits

  • Save money – Acuitive averages $1.4 million in discovered discrepancies per month. For one customer this was 18% of total invoicing.
  • Reclaim unproductive time – 99.5% of invoices get approved without your involvement.

6-Step Audit Process

Case Point

According to the CFO of a Top 30 North American Importer that moves 35,000 FEUs annually, the company saw a hundred-fold payback on the software investment.

We moved from a 1950s, paper-based process for freight bill auditing to a modern, data-driven approach that freed up time and allowed us to engage the problem-solving ability of some of our best people.