The Freight Audit and Payment solution can transform back-office operations into a strategic advantage and improve your company's bottom line. eShipGlobal has Freight Audit and Payment solution and is pleased to offer a broad suite of services that include:

Audit and Payment
eShipGlobal's technology processes, rates, validates and pays freight invoices. We compare rates on freight invoices against contract terms, organize and account code data, map freight costs on consolidated invoices down to SKU level, providing our clients with a detailed understanding of their freight expense.

Reporting and Analysis
eShipGlobal reporting module, our web-based tool provides you with accurate freight accrual reporting, carrier performance data and detailed freight spend analytics which identify new opportunities to further optimize the supply chain and reduce costs.

How it works: purpose-designed for global, delivered over the Web
The eShipGlobal platform delivers an integrated system that automates and streamlines the capture, correction, validation and analysis of global freight charges, enabling more precise and reliable cost management. Global freight invoices are first captured electronically from service providers in a central data store. Actual charges are then compared automatically against digitized freight contracts, which are represented as "structured" data and stored in the same system. Exceptions based on customer-set thresholds are identified, discrepancies then managed to resolution.

The system improves upon traditional freight audit approaches in several ways:

• It is specifically designed for international shipments and the complexities of cross-border, multi-party international freight transportation.
• It utilizes inbound contract management system for international freight, adopted globally by importers and exporters to manage hundreds of millions of dollars of freight spend.
• Software tools are delivered as an "on-demand" service. Access and use is through simple web browser. No hardware or software is installed at the customer.
• Contract rates, freight charges and actual shipment execution data is centralized in a unified data hub, enabling auditing and resolution workflows to be automated.
• Powerful analytics and reporting tools are built in. These integrated tools enable companies to measure carrier performance with greater precision and confidence, forecast freight spend, expense accrual and cash impacts faster and more accurately, and quickly identify when actual spend is out of compliance with plans.

The system also supports other flexible reporting needs and can provide insight and understanding into monthly freight spend by carrier, the impact of new accessorial or fuel surcharges, etc.

Control global transportation spend by streamlining and automating the process of auditing freight bills

For global enterprises, auditing freight bills is complex, if not impossible, Manual paper-driven processes, lack of accurate and comprehensive rates and frequent over-charging are the most common billing issues. The eShipGlobal audit solution compares electronic freight bills against the customer's carrier contracts stored in the eShipGlobal platform and then identifies freight charge exceptions. The user accesses both freight bill and contract details, quickly identify freight bill issues, and resolves discrepancies

Key Benefits

Lower freight costs by reducing overcharges and eliminating duplicate charges Reduce costs and improve efficiency in your administrative department Improve cash flow management Manage carrier performance through better control of rates and disputes Reduce frequency of disputes by correcting the contracted pricing

Features

Supports both ground and air Industrial-strength contract management for accurate rating Industry backed, pre-wired network delivers standard electronic freight bills Bills matched to the correct rate based on common data structure Automated calculations of total costs, total payables, and over-charges Disputes managed via integrated email workflow and a fully documented audit trail