Whitepaper: Freight Cost Management

Freight Cost Management

When it comes to freight, audit, and pay (FA&P) in the transportation business, many shippers still resort to manual processes when managing their freight costs across transportation flows and all the parties involved with them.

Unfortunately, manually processing invoices can lead to inaccuracies, delays, and increased costs, on top of having little visibility into tracking costs.
Spreadsheets simply won’t do the job, particularly when it’s estimated that 30% of all freight invoices are incorrect. In the age of digital transformation, there is further inefficiency as companies try to regain control over their actual spend.

In fact, 70% of invoice processing time is taken up by document handling and auditing processes. For companies that find themselves in this predicament, note the superior performance of Best-in-Class companies and the investments they’ve made.

Download: Freight Cost Management