Freight remains a key component of most companies’ transportation expense. Along with ensuring the freight bills are accurate and reflect contracted terms—a key capability—freight payment and audit firms can add even greater value.
Freight audit and payment companies help shippers find the hidden cash in their supply chains by eliminating overbilling, and paying invoices accurately and quickly.
FBAP service providers use big data and business intelligence to drive global enterprise change.
A lack of oversight can cost a company tens of millions of dollars in unnecessary freight spend. A transportation management system (TMS) with an integrated freight approval tool could stop these kinds of problems before they occur.
Advances in technology, increasing globalization, and the growth of e-commerce are upending the traditional freight bill audit and payment industry.