Financial Management & Transportation Spend

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.

Accrual Manager

Claims Manager

Budget 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

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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

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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

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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.

More resources to keep you informed

Transforming Accrual Management into a Cornerstone for Success

Managing freight accruals is one of the most complex supply chain processes, requiring long hours and many resources. Considering that freight can...

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Trax Further Expands Executive Leadership Team with Appointment of Chris Cassidy – Executive Vice President, Commercial & Strategic Partnerships

Trax Group (“Trax”) – the global leader in Transportation Spend Management (TSM) services and solutions – has further strengthened its executive...

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Actions and Strategies to Seize the Post Covid Opportunity

A Four Step Guide to Optimizing Both Transportation Logistics and Spend in 2021 and Beyond 2020 hit hard. Beyond the tragedies of Covid-19, shippers...

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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.

Financial Management

Tier 2