Transportation Spend Management
Business Intelligence and Transportation Spend Management Excellence in the Form of Logistics Insights, Process Efficiency, and Cost Reduction.
The Trax Freight Audit and Payment solution combines the knowledge of industry experts with modern, cloud-enabled technology that can increase visibility with quality data, gain efficiency, ensure your organization is compliant, and reduce your overall transportation spend—regardless of mode or region.
Ensure line of sight to global transportation spend and performance drivers inclusive of all carriers and modes. Through the relationships Trax has with over 21,000 global carriers and Trax's proprietary technology, you achieve performance and spend visibility throughout the world. This means you have clean and consistent data, allowing you to drive better business decisions in real-time.
Reduce your administrative burden, so you can proactively focus on your business and add value to your customers, through Trax's automated and customized technology solutions to your Freight Audit and Payment needs. Trax will work with your carriers on your behalf to identify, correct and permanently resolve the causes of invoice errors.
With Trax, all transportation invoices go through a data compliance audit before a freight and financial audit. You will have confidence that your transportation invoices meet your contractual rate agreements, comply with enterprise procure-to-pay policies, and comply with government mandated data requirements in all global regions.
Eliminate invoice errors to ensure correct and timely payment of freight invoices for any carrier, location, or currency to reduce risk. Move past finding the same error over and over again.
With Trax, Freight Audit serves as the cornerstone of Transportation Spend Management, regardless of complexity. Freight Audit begins with data compliance across all invoices, shipments, and rates which enables a world-class audit of charges, liabilities, and duplicates. This allows for confident settlement and payment while providing global transportation business intelligence, process efficiency, and cost optimization for your organization.
When your operations team is rushing to hit that end-of-month goal, they will prioritize getting your shipments out the door. Shipper paperwork is the least of their worries. When the bills come due, however, the result can be overcharges, duplicate payments, and worse. Your bottom line suffers—and it could be continuously. Freight audit and payment (FAP) services help save money, but they also do much, much more to give you new insights into streamlining your business.