Trax Technologies

You are a buyer or supplier of goods within or across geographies around the world who incurs logistics related charges in your purchase or delivery of these goods.
You want to ensure that you are paying what you contractually owe to the right logistics service provider at the optimal time.
You want information you can rely on to properly assess your total costs and to make timely strategic operating decisions.
You want your valued resources freed to focus on enhancing your business value.
You want a trusted business partner.

Unreliable or unavailable data resulting in siloed, limited and stale logistics spend visibility, tactical contract negotiations and poor understanding of true costs.
Error prone and time consuming logistics services accounts payable review resulting in limited, costly and reactive spend management.
Numerous, non-standard and oft changing integration point requirements resulting in high data management costs and sub-optimized automation.
Complex or inadequate contracts resulting in costly process management, potential overspend and possibly contentious logistics service provider relations.

Trusted Links – Converting manual information into usable electronic data or establishing direct electronic data exchange connectivity with your business partners is costly and time consuming. Having interfaced with thousands of logistics service providers and a wide variety of shipper systems around the world, Trax has established the largest network of logistics data pipes known. With Trusted Links you obtain the experience, tools and core competencies required to provide you with fast, reliable and cost effective connectivity to your partners.
Trusted Data – Bad, missing or misleading data hurts business and erodes trust. Much like a refinery, Trax has developed highly sophisticated tools to ensure that the adage "garbage in, garbage out" does not apply to your processes. Rather with Trusted Data, the adage becomes "garbage in, quality and reliability out".
Trusted Settlement – With very rare exception, service providers do not intentionally seek to defraud their customers. However, despite good intent, errors do happen in billing regularly. Trusted Settlement delivers the most globally comprehensive tools, processes and core competencies to ensure billing errors are addressed and eliminated in a timely manner, and in accordance with local legal and cultural norms.
Trusted Costing – Correctly allocating logistics cost and supply chain expenses to the business activity responsible is critical to managing your business effectively. Trax understands this and Trusted Costing brings together the tools, processes and core competencies to ensure that you can automatically allocate costs to your desired level of granularity. This enables you to manage your business on the activity driving the cost leading to better decisions.
Trusted Visibility – You can't manage what you can't see or trust. Trusted Visibility leverages Trusted Data to provide actionable analytics in an environment of clarity and transparency. Analyzing the past is only one step to improving business performance. Trusted Visibility enables you to go all the way looking at your past, real-time, likely future and comparison with others.
FlexPay – Optimizing your financial supply chain is the next step in realizing significant supply chain efficiencies. Leveraging either or both of Trusted Bills or Trusted Settlement, FlexPay enables you to effectively take advantage of early payment discount programs, look to extend your payables, sell receivables or a combination of all.
Concierge Services – Sometimes you just don't have the resources, skills or desire to manage important but not core competency elements of your business. Concierge Services provides expert managed service and consulting services ranging from temporary contract help to project specific content help to fully outsourced business processing.

Trax services provide shippers with a means to address their logistics services spend management challenges and convert provider relations into strategic, trusted relationships. Trax services specifically drive:

Actionable, strategic visibility to spend analytics
Simplified and efficient partner/data integration
Ensured data accuracy
Lower accounts payable administrative & operating cost
Eliminated financial risk with clear audit trails
Strategic negotiating power
Optimized working capital solutions

Shippers
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Solutions
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