A Fortune-100 business finished a three-year TMS upgrade with the goal of making actionable decisions with the TMS Business Intelligence. After a year, the IT staff worked with the new TMS and uncovered additional freight payment problems. Their freight payment data was less reliable than before their four-year TMS implementation and optimization project.
Carrier invoices, tracks and traces, shipments, and orders were processed slowly and manually from disparate data sources, hindering the company's ability to quickly process, pay, and find freight cost savings. They had a $10M freight invoice balance and freight invoices aged over 90 days. They knew they were leaving money on the table, but didn't know the best way to address their freight payment challenges. Find out more about the challenges and how the RateLinx team overcame them to achieve outstanding business outcomes.
The Freight Audit & Pay module in the RateLinx Suite cleansed, standardized, and synced carrier invoices, tracks and traces, and shipments with their existing TMS with minimal IT support. RateLinx’s Freight Payment solution digitized the entire freight payment process. The millions in cost reduction were attributed to controlling rate tolerances,