Getting a handle on freight spending can be challenging, mainly due to the number of source transactional systems, incomplete data, the amount of data involved, and the lack of EDI standards and paper based invoices.

For those reasons and more, many companies are seeking solutions to solve these challenges. With eShipGlobal, companies no longer have to rely on expensive software and IT resources or error-prone spreadsheets to track their freight spending.

eShipGlobal, a provider of logistics and shipping management solutions, has introduced new functionality that allows companies realize hard savings in global freight spending by automatically computing "freight should cost" without having to wait for invoices to come from carriers.

eShipGlobal solution will compute "should cost" and enable enterprises to optimize freight spending at a lane and item level. The solution, part of the eShipGlobal shipping management suite, is intended to allow global, regional, and local finance and transportation managers to proactively manage embedded costs such as freight, inventory and accessorial charges in the financial supply chain.

It provides complete, clear insight into a company's spending-breaking down spending by department group and line of business category, analyzing spending behavior on shipping across the organization, and identifying new opportunities for savings.

How does it work to control Freight Spending? eShipGlobal streamlines business processes in mid-size to large companies and automates them in a cohesive manner.

• Managing carrier contracts
• Shipment Execution
• Managing inbound shipment costs
• Freight Audit and Payment
• Payment and cost allocation
• Visibility of data across the finance and throughout the accounting process

eShipGlobal uses technologies to classify spending data from various corporate sources, automatically providing a new level of visibility into corporate spending. The solution also enables companies to conduct a comprehensive analysis of their freight spending as the first step in a spend management, with the unique ability to accept multiple sources of input data.

Program Features:

• Implement changes in weeks not months
• Increase negotiating leverage through volume aggregation across the company
• Control accessorial charges through contracts
• Increase spending coverage under contract
• Control purchase price variance by working with preferred carriers
• Streamline processes through reduced sourcing time and increased data accuracy
• Achieve lower cost of ownership (LCO)
• Establish company-compliant carrier services
• Monitor, track, and report on carrier performance and spend management activities in a timely and accurate manner
• Minimize the number of carriers you have and achieve better pricing (more volume from fewer suppliers)