Freight Audit is obsolete. It’s slow and the information is outdated when it is finally collected and reviewed. That’s why we developed a smarter way to both process freight invoices and become more strategic about freight planning and execution to reduce your freight spend. We call it Intelligent Invoice Management.
Our Intelligent Invoice Management (IIM) freight service is completely different from traditional Freight Audit and Payment. We look forward not backwards. We help you work with the right carriers before you ship to ensure they will comply with your business rules and avoid errors. Then our dynamic invoice payment system collects three datasets in real-time:
Our next step is to match, cleanse, standardize and normalize the data. Within 24 hours, and usually in 8 hours, you’re viewing the invoice in the combined, standardized dataset on the RateLinx Dashboard. You have the flexibility to customize payment terms and adjust, credit or deny any invoice from multiple locations. With complete visibility to what’s happening in your supply chain, problems can be fixed immediately. Strategy and execution can be fine-tuned before costly errors add up.
With IIM, you no longer have to rely on your carrier to collect the additional attributes about your shipments such as PO, Order Number, Customer ID, etc. The integration of the TMS data with the invoice data received from the carrier will bridge this data gap. And unlike a traditional freight audit provider, we don’t collect the invoice data just to make adjustments. We collect the data for the real-time intelligence it provides.
This combined dataset becomes the foundation to build your strategic platform on. With it you will create Integrated Shipping Intelligence, allowing you to find and measure the strategies to significantly reduce your freight costs.