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Top 10 Freight Audit and Payment Consulting/Service Companies – 2020

Today, transport and logistics businesses look for digital solutions and services to simplify the freight billing process. Factors such as frequent changes in fuel prices and accessory rates with the additional burden of fleet handling, manual auditing often becomes overwhelming and complicates the billing process. Besides, the incredible amount of detail included in each invoice make it difficult for logistics firms to execute the billing and payment process efficiently. With automation taking the world by storm, businesses look to automate their freight audit and billing process to improve time efficiency and accuracy while optimizing the supply chain.

Freight audit and payment solutions providers are scoping for disruptive technologies such as Big Data and AI to develop new solutions to automate the billing process. With Robotic Process Automation (RPA), transport and logistics businesses are automating their processes as the robot mechanism matches data between invoices and documents to eliminate faulty auditing and incorrect invoices. Further, some companies leverage online data mining and analytical services, enabling shippers to optimize their transport management systems.

While solution providers are automating billing processes, services providers are leaving no stone unturned to meet the ever-changing demands of the freight audit companies. They provide best in class advisory and contract negotiation services to optimize processes, driving efficiency, reducing overall costs and raise customer satisfaction. However, to implement the right solution, it is imperative to evaluate a service provider before committing to them.

With the logistics sector standing at the cusp of technology transformation, companies enter the market with their freight audit and payment solutions and services portfolio. To help companies choose solution and service partners best suited for them, Logistics Tech Outlook has compiled a list of top 10 freight audit and payment solution and services companies. These companies are transforming the logistics landscape with various disruptive technologies and best in class services.

We bring you Logistics Tech Outlook’s “Top 10 Freight Audit and Payment Solution Providers and Consulting/Service Companies - 2020.”

Top 10 Freight Audit and Payment Consulting/Service Companies – 2020 Top 10 Freight Audit and Payment Solution Companies - 2020

Top Freight Audit and Payment Consulting/Service Companies

American Truck & Rail Audits

American Truck & Rail Audits

AMTR is the nation’s premier provider of after-payment freight auditing services. The company works with shippers to recover overcharges and reduce future freight spend using a Smart Auditing® approach. With specialties in rail and truck, expert auditors are enabled by leading-edge IT tools, a deep knowledge of transportation rules, client shipper patterns and products, and close, long-term working relationships with carriers

www.amtr.com

Alexandretta Transportation Consulting

Alexandretta Transportation Consulting

Alexandretta Transportation Consulting firm provides global transportation spend management services. The years of expertise allows t them to consistently drive significant cost savings from clients’ transportation budgets via detailed analytics, strategic planning and negotiations support. While Alexandretta focuses on actualizing significant transportation cost reduction via negotiations support, it also provides audit and reporting solutions

EM6 Logistics

EM6 Logistics

EM6 Worldwide developed a freight audit and payment process that ensures accurate invoice auditing and efficient carrier payment. The process is specific to each region of the world giving regional and global customers easy access to data and reporting. EM6 Worldwide provide clients with significant cost savings by ensuring freight invoices are consistent with carrier contracts. It saves clients time and effort by resolving carrier issues and distributing payments efficiently. It also offers a range of services to help clients optimize transportation operations

Fortigo

Fortigo

For companies looking to improve customer satisfaction, reduce costs, and increase profitability, Fortigo automates, optimizes, and also audits logistics decisions. Fortigo connects with established supply-chain applications and offers a rapid return on investment by optimizing and deploying closed-loop logistics processes, reducing ship-to-order times, and streamlining collaboration with logistics providers. Established in 2000, Fortigo is led by a team of experts in logistics optimization as well as enterprise web-based software. The company is headquartered in Austin, Texas

LJM Group

LJM Group

LJM Group provides clients with in-depth information about their shipping activities and the services we perform on their behalf. Its detailed reports provide easy visibility into every aspect of shipping services, rates and refund activity. They also report regularly on all services, so clients can easily monitor refunds and keep tabs on carrier performance. LJM Group has been helping shippers save time and improve profitability with expert UPS and FedEx Contract & Rate Negotiations as well as Parcel Invoice Auditing Services

Northern Continental Logistics

Northern Continental Logistics

Northern Continental Logistics business model was designed to manage the logistical processes of businesses, both large and small, by translating complex transportation problems into simple web-based solutions. To assist with this, NCL offers a spectrum of in-house services, from verifying freight documents to providing reporting customized to each client. Other services include an easy to use TMS program for shipping as well as a full service truckload division

Refund Geeks

Refund Geeks

Carriers like UPS and FedEx have intentionally complex rate structures and limited reporting features, making vendor accountability and operational insight extremely difficult especially for high-volume shippers. Businesses shouldn’t have to spend time and money becoming experts in parcel invoices to understand how parcel impacts their operations or to make sure they’re getting a fair shake. Refund Geeks monitor and synthesize the endless streams of carrier data to help customers understand their shipping operations and logistics spend categories and hold carriers accountable for the terms of their contracts

ShipitSmarter

ShipitSmarter

ShipitSmarter has developed into a strategic sparring partner for shippers. Their knowledge not only helps clients choose the right configuration, but also continuously update the software as the functionality of the tool continues to grow. Changes in legislation are reflected immediately. Thus, ShipitSmarter provides clients with confidence and at the same time delivers a solid financial gain. The platform has helped many customers to reduce costs and to increase visibility on all their shipping flows

Traffic Data Exchange

Traffic Data Exchange

Traffic Data Exchange is an accounting, analytics and supply chain logistics consultancy serving high-volume freight companies. Traffic Data Exchange strives to save businesses time and money on their total freight operations. Its freight auditing and analysis solutions securely integrates data from multiple sources, allowing access to real time data to improve transportation data flow, identify and eliminate carrier miscalculations, maximize efficiencies, and reduce overall freight charges

Veconinter

Veconinter

Veconinter offers a wide range of services to the maritime industry such as: advanced equipment control programs, insurance policies, equipment inspections, as well as a variety of high-quality services. The goal is to optimize profitability and minimize the turn-around time of containers. Veconinter’s administrative and operative services are supported by an advanced technological platform developed and managed by a qualified group of professionals in order to assure a high-quality service to all the clients