The cost to manually process a global freight invoice is 53% higher than the cost of using an outsourced partner with an automated process.
Rate sheets used for comparisons are often outdated; if the quantity and or sizes of the containers are wrong, the invoice can look right but still be wrong.
Short paying an invoice when a discrepancy is found doesn’t resolve the issue with the carrier – a short/over claim is coming.
Overpaying or paying before disbursement is due diminishes cash flow.
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.
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.