Freight Audit And Payment Software By Fretron

Freight audit and payment software is a type of software designed to streamline the process of managing shipping and logistics costs. It provides companies with a way to monitor and analyze their shipping expenses and ensures that they are accurately billed by carriers. The software also offers tools to manage payments to carriers, saving time and reducing the risk of errors.

The software works by integrating with a company's transportation management system (TMS) to gather data on shipments and costs. This data is then analyzed to identify discrepancies and errors in carrier billing, such as incorrect weights, rates, or accessorial charges. The software can also flag duplicate charges, overcharges, or charges for services not provided.

Once discrepancies are identified, the software generates audit reports that can be used to dispute inaccurate charges with carriers. This process helps companies recover overcharges and prevent future billing errors. The software also provides tools to manage payment to carriers, including payment scheduling and tracking, ensuring that carriers are paid accurately and on time.

Freight audit and payment software can benefit companies in several ways. First, it reduces the administrative burden of managing shipping and logistics costs. By automating the audit and payment processes, companies can save time and reduce the risk of errors. Second, it helps companies reduce shipping costs by identifying overcharges and billing errors. This can result in significant savings over time. Third, it provides companies with better visibility into their shipping costs, allowing them to make informed decisions about carrier selection and negotiate better rates.

Freight audit and payment software

There are several key features to look for in freight audit and payment software. These include:

• Integration with TMS: The software should integrate seamlessly with a company's TMS to gather shipment and cost data.
• Automated audit process: The software should automate the audit process to identify discrepancies and errors in carrier billing.
• Dispute management: The software should provide tools to manage disputes with carriers and track the status of disputes.
• Payment management: The software should offer tools to manage carrier payments, including payment scheduling and tracking.
• Reporting: The software should generate detailed reports on shipping costs and discrepancies.

In conclusion, freight audit and payment software is a valuable tool for companies looking to streamline their shipping and logistics processes. By automating the audit and payment processes, companies can save time and reduce the risk of errors while gaining better visibility into their shipping costs. When choosing freight audit and payment software, it's important to look for a solution that integrates with your existing TMS and offers automated auditing, dispute management, payment management, and reporting features.