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.

Outcomes of world-class Freight Audit

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Global Visibility
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Efficiency
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Compliance
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Cost Reduction
Global Visibility

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. 

Efficiency

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. 

Compliance

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. 

 

Cost Reduction

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. 

 

 

Achieve Transportation Spend Management with Freight Audit

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. 

Features of Freight Audit

Data Compliance
Invoice Audit
Settlement
Program Management

Data Compliance

Data Compliance

  • Cleanse and normalize invoice data necessary to meet both audit and business rule requirements. 
  • A fully automated and customizable solution to meet any business rule requirement without requiring technical skills.
  • Cleansed and normalized data can be matched or shared with other transportation systems.
  • Feeds into the suite of analytics and dashboards creating actionable business intelligence.
  • Improves visibility in every step of the Transportation Spend Management process.

Invoice Audit

Invoice Audit

  • Audit for liability.
  • Audit for duplicates.
  • Audit against freight rates, accessorial rates, and other contracted rates. 
  • Configurable audit policies to audit against shipment and customer-specific requirements.
  • Audit for tax accuracy.
  • Feeds into the suite of analytics and dashboard creating actionable business intelligence.
  • Improves visibility in every step of the Transportation Spend Management process.


 

Settlement

Settlement

  • Cost allocation configurable to any rule using invoice and/or matched shipment documentation. 
  • Ensure efficient and timely weekly payments to your carriers and improve carrier relationships with TraxPays, payment automation and supply chain finance solution. 
  • Ability to integrate with all and any number of ERP systems.
  • Reduce the time and effort required to calculate an accurate accrual.
  • Feeds into the suite of analytics and dashboards creating actionable business intelligence.
  • Improves visibility in every step of the Transportation Spend process.

 

 

 

Program Management

Program Management

  • A dedicated Customer Success Manager responsible for all elements of the strategic, operational, and forward-looking aspects of your success. 
  • A dedicated team in every region with local knowledge of laws, processes and languages that are focused on the day-to-day audit and payment operational processes.
  • Frequent Program Reviews to align on strategic objectives, track progress, share best practices and identify opportunities for program improvement.
  • Improves performance in every step of the Transportation Spend Management process. 

Experience greater success with Freight Audit.

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Featured Freight Audit Resource

9 Benefits of Freight Audit

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. 

READ THE TRAX BLOG

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