Transportation Spend Management
Business Intelligence and Transportation Spend Management Excellence in the Form of Logistics Insights, Process Efficiency, and Cost Reduction.
Business Intelligence and Transportation Spend Management Excellence in the Form of Logistics Insights, Process Efficiency, and Cost Reduction.
We Have You Covered
With our Transportation Spend Management Maturity Model, we meet you where you are and develop a roadmap to reach maturity effectively.
Have questions?
Email: customersuccess@traxtech.com,
Call: 1-800-755-0110
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.
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.
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.
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
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.
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.
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.
Technology-enabled data management that ingests, cleans, normalizes, and joins data from disparate systems for centralized data to inform decision-making.
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
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 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.
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.
Compare your transportation spend performance relative to your annual, operational, and business unit budgets in real-time.
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.
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.