TSM vs. FAP: Financial Returns

The pursuit of TSM Maturity Maximizes Returns

Freight audit and payment is just one step in your journey toward true Transportation Spend Management.

Transportation Spend Management (TSM) is a data-driven approach to analyzing, optimizing, and leading the financial and operational performance of your logistics, the factors that impact transportation spend, and the delivery of value to customers. It’s a comprehensive, integral, and complex part of superior supply chain management.

TSM targets every possible area of your global transportation network spend for optimization, efficiencies, and cost savings. We meet you where you are to provide a roadmap to maturity that takes you from reactivity to confident leadership. 

Average Hard Dollar Benefits

TSM returns
FAP returns

Cumulative Hard Dollar Benefits

TSM returns
FAP returns

Best-in-Class Customer Service Creates Brand Loyalty for F100 Retailer

The Client & the Challenge

Trax utilized its spend visibility platform to gather a timely and unified view of shipping activity regardless of source and location. Trax was also able to capture event information from various carriers and provide package exception management visibility within 24 hours of the pickup date and gain insight into end-to-end sales order cycle time.

READ CASE STUDY

The more complex your supply chain needs are, the better our solutions can perform for you

Freight Data Management
Financial Management
Carrier Management
Transportation Optimization Programs
Tier 1

Freight Data Management

Confidently manage international transportation including freight audit, rate management, carrier payment, and data and policy compliance with operational and data quality controls for your network.

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
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
Match Manager

Match Manager

Gain advanced insights into performance, product level costing, and advanced allocation capabilities with the ability have advanced matching of freight invoices to other pre-shipment data sources.

  • 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
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
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
Tier 2

Financial Management

Financial Management was built to help your organization create greater returns and profitability. You'll get visibility into higher quality data, enabling you to be more confident and efficient in financial management. Avoid surprises and accurately budget, allocate, and accrue for logistics expenses. The end result is cost savings, transparency, efficiency, and risk management.

Accrual Manager
Claims Manager
Budget Manager
Accrual Manager

Accrual Manager

Accrual Manager gives you full control over transactions from the point of shipment. With Accrual Manager, you'll avoid surprises and decrease variation in your accrual against actual variables.

  • Generate and maintain high quality quantifiable and defensible accrual reporting
  • Gain visibility into match rates and accrued vs. actual variances for ongoing optimization
  • Meet monthly, quarterly, and annual reporting deadlines with greater speed and accuracy
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
Tier 2

Carrier Management

The power of Carrier Management services lies in the ability to go beyond recovery. This service works collaboratively with shippers and carriers to identify the root cause and install corrective actions to improve future performance. This means that you, as the shipper, quarter over quarter and year over year, realize cumulative gains in performance, data quality, and financial acuity.

Carrier Management Services
RFx Manager
Performance Manager
Carrier Management Services

Carrier Management Services

Realize cumulative gains in performance, data quality, and financial acuity through collaborative carrier relationships managed by Trax.

  • Goes beyond recovery to identify and address the root causes of issues
  • Improve customer satisfaction through increased on-time deliveries
  • Ensure accurate invoicing and billing
RFx Manager

RFx Manager

Technology-enabled rate bid management allows you to issue RFPs and bids for rates across existing and/or new carrier sets, evaluate responses, what-if model responses, and accept bids on rates across rate dimensions, carriers, and geographies.

  • Accept bids on the spot and contractual rates
  • Easy UI gives you confidence in decision-making when comparing rates
  • Compare hundreds of unique elements across any number of carriers globally
Performance Manager

Performance Manager

This service enables data-driven carrier performance and relationship management.

  • Get custom scorecards for carriers with important indicators like savings, success, and maturity
  •  Get a personalized, aligned, and unbiased point of view about carriers and performance
  • Determine if a carrier is performing to expectation and serving as a conduit of value to customers
Tier 3

Transportation Optimization Programs

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.

Experience more success by getting carriers and shippers working together