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Tier 1

Freight Data Management

When you manage your freight data with precision, you get more than just insights into crucially important metrics in your supply chain. You gain the ability to save time, money, human capital, and turn your supply chain into a value driver.

The world of logistics and supply chain management is undergoing two significant transformations simultaneously: globalization and digitization. The right technology partner can help you keep up with growing complexities in supply chains and the need to account for multiple carriers, currencies, locations, plus heightened consumer demand for faster delivery times.

Organizations with global supply chains can use technology to access and use dynamic, centralized supply chain information to streamline decision-making processes and operations to help you meet compliance and business requirements. Why not leverage technology to do more with less?

Our Products Include:

Freight Audit
Rate Manager
Match Manager
Data Compliance Manager
TraxPays

Freight
Audit

Freight
Audit

Use Trax's Freight Audit as your foundation so you can rise through spend management maturity to eventually have a fully optimized supply chain.

  • Ensure transportation invoices meet your contractual rate agreements and comply to enterprise procure-to-pay policies

  • Free up internal resources to focus on your business and servicing customers

  • Ensure correct and timely payment of freight invoices for any carrier, location, currency, or technology
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Rate
Manager

Rate
Manager

A comprehensive solution for managing rates and spot quotes across modes and geographies.  Provides advanced visibility to expiring rates, a global audit trail for rate submissions and approvals, and assurance that rate data complies with enterprise requirements.

  • Solves for the disjointed lifecycles of rate procurement, freight audit, rate maintenance, and spot quote management.
  •  View all rates in one place with the assurance they are up to date, complete and available for invoice audit
  • Ensure compliance and create visibility to compliance variance by lane, carrier, and region
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Match
Manager

Match
Manager

Gain a line of sight into performance from all angles and control your transportation costs.

  • Product-level allocation and item-level purchase tracking
  • Fully closed loop from generation of shipment to invoice receipt to bookings
  • Alignment of supplier-oriented data and freight-oriented data for controlled transportation costs
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Data Compliance
Manager

Data Compliance
Manager

Technology-enabled data management that ingests, cleans, normalizes, and joins data from disparate systems for centralized data to inform decision-making.

  • Centralization of diverse datasets from across global transportation networks
  • High-quality data management built specifically for transportation management
  • Reduces the need for manual processes
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TraxPays

TraxPays

Efficiently and effectively pay thousands of carriers seamlessly without a loss in treasury benefits or carrier-level payment data.

  • Reduce the manual effort of maintaining hundreds of vendors and thousands of transactions
  • Hold on to cash longer while aligning with treasury principles
  • Legally and technically secure
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Global Consumer Goods Company Forecasts Freight Spend

The Client & the Challenge

Trax implemented the following solution: Design a system to analyze carriers’ advance shipment notices and apply the client’s contractually negotiated rates to accurately calculate estimated freight costs.

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

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...
Read the Article

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...
Read the Article

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...
Read the Article

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.

  • Features 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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