Tier 2

Financial Management

Seeing beyond basic shipment level data is key if you’re looking to master your transportation spend and finance management. Use data to better manage your supply chain, intervene when necessary, and gain full visibility into your costs. Analytics are integral to driving your bottom line. Let’s face it— you deserve real-time data to improve your profitability and productivity.

It’s not easy to keep track of paper invoices, document payment terms, and manage suppliers. There’s a lot to oversee in the whirlwind of financial supply chain. Gain a competitive advantage in the marketplace by using the best technology.

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Our Products Include:

Accrual Manager
Claims Manager
Budget Manager

Accrual
Manager

Accrual
Manager

Accrual Manager gives you full control over transactions from the point of shipment. Dashboards and reports provide visibility into match rates and accrued vs. actual variances for ongoing optimization.

  • Generate and maintain high quality quantifiable and defensible accrual reporting
  • Provides visibility into financial commitments before an invoice is posted into financial systems
  • Reduces the need to account for inconsistencies from vendors in accrual planning

Claims
Manager

Claims
Manager

This service takes over the responsibility of working with carriers on behalf of the shipper to file, investigate, resolve, and recover funds from customer claims due to carrier performance.

  • Accounts for variances in processes for submission, follow-through, and recovery of claims across carriers
  • Reduces losses resulting from carrier issues
  • Only successfully recovered claims are recognized

Budget
Manager

Budget
Manager

Compare your transportation spend performance relative to your annual, operational, and business unit budgets in real-time.

  • See tracking and deviation from plans
  • Act, take advantage, or correct when budget deviates
  • Ability to manage budget in near real-time

Automated Cost-Allocation Helps Global Athletic Retailer Discover Savings

The Client & the Challenge

Trax helped a client reduce labor costs by 60%. The information generated by our solution is an essential tool in their ongoing efforts to manage freight costs.

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See how we can help you
achieve better control of transportation spend

More resources to keep you informed

The Top 6 Complexities of Carrier Management Within Manufacturing

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Trax Technologies, Inc. Opens New World Headquarters in Dallas, Texas, Giving the Company Space to Grow its Product, Technology, and Client Service Teams

The new collaborative workspace allows various Trax departments to work together in one office improving partnership and enhancing accessibility for...
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The Role of Freight Audit & Pay as the Cornerstone of Transportation Spend Management

Upgrading from Transactional Audit and Bill Pay Practices to Strategic Best in Class Spend Management There’s a huge difference between paying a bill...
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See all of the Transportation Spend Management solutions we offer!

Freight Data Management
Financial Management
Carrier Management
Transportation Optimization Programs

Freight Data Management

Tier 1

Freight Data Management

Freight Data Management is built for high-value global supply chains that need more than just standard freight audit and payment. Trax ensures correct, on-time payment of freight invoices regardless of carrier, location, currency, and technology so you can increase payment precision while reducing the strain on your people. Realize savings while gaining visibility into your data in a centralized, collaborative platform.

  • Increase customer satisfaction

    Keep up with the growing complexities in your supply chain and consumer demand for faster delivery times.

  • Make data-driven predictions

    Get insights into crucial metrics in your supply chain. Access centralized, easy to use data to anticipate changes, and adapt.

  • Turn your supply chain into a value driver

    Save time, money, human capital, and turn your supply chain into a value driver.

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Financial Management

Tier 2

Financial Management

Master the financial performance of your international transportation network to reduce less risk, expand network opportunity, and further differentiate from your competition.

  • Industry-leading accuracy

    Gain visibility into match rates and accrued versus actual.

  • Data to make decisions

    Access better data to inform financial processes and decisions.

  • Minimize risk

    Reduce risk in bookings and closings and recover losses.

  • Tools for financial success

    Includes the confidence in more precise accrual management, track budgets vs. actuals, and reduced loss entries.

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Carrier Management

Tier 2

Carrier Management

Gain greater visibility into carrier performance and market performance beyond your contracted carriers. Proactively manage carrier performance within your network to plan and forecast.

  • Competitive edge

    Differentiate from competitors with elevated carrier relationships

  • Enhanced performance

    Improve your carrier performance and your carrier relationships with out extra effort.

  • Carrier visibility

    Gain visibility into carrier and market performance

  • Products to empower carrier management

    Tools include technology enabling carrier performance measurement and rate bid management.

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Transportation Optimization Programs

Tier 3

Transportation Optimization Programs

Execute a strategic evolution to bring transportation and planning to the forefront of supply chain optimization. Leverage freight performance insights to influence global supply chain decision making and planning.

  • Realize maturity

    Optimize your supply chain through strategic evolution

  • Plan strategically

    Leverage freight performance for strategic supply chain planning

  • Create impact

    Deliver customer satisfaction and enterprise-wide value.

  • Bring your organization into the future

    Products include custom and holistic strategic evaluation and future planning.

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