logisticstechoutlook
 nVision Global: THE FREIGHT AUDIT AND PAYMENT VISIONARIES

Top 10 Freight Audit And Payment Consulting/Services Companies - 2019

The rapid growth in e-commerce markets demands an equally rapid and innovative response from transport and logistics businesses. For fleet owners, handling multiple parties with different interests, collecting and categorizing scattered information, managing relationships, and measuring data can be overwhelming. Of which, auditing the freight, analyzing the invoices for inconsistencies, and accounting for every dollar spent can be a daunting task to be carried out, in-house. To that end, companies outsource some or all parts of their workflow to freight audit and payment service providers who can negotiate and verify if these companies pay only for their consignments. Freight audit and payment service providers offer shippers direct access to rates from a global digital carrier network, with real-time quotes.

Freight audit and payment service providers are continually reinvesting in up-and-coming technologies to provide companies with the ability to realize efficiencies, calculate potential savings opportunities, predict trends, and manage costs. Effective freight audit and payment analytics technology saves valuable time by automating freight audit processes, such as data collection, data cleansing, invoice review, payment processing, and supply chain reporting. On the other hand, several providers also come up with transportation execution technologies that benefit companies with increased speeds and decreased latency.

In the process of empowering organizations with the capacity to support and deliver significant freight cost savings, freight audit and payment service providers are responsible for providing an audit trail and ensuring if the final amount is accurate before processing the payments. When it comes to invoice consolidation, these vendors check if the customer is receiving one weekly invoice in one familiar format that is precise and streamlined for processing and payment.

To provision better visibility of the supply chain operations, these vendors offer reports and interactive digital dashboards with personalized filters that enable businesses to track and monitor their KPIs.  Alongside, these freight audit and payment companies consult with their clients on a regular basis to set goals and ensure that processes, rules, rate agreements, and other essential elements are aligned with baselines and requirements. There is an increasing collaboration across the entire ecosystem, while leaders in the space are pursuing greater outreach and cooperation across the whole value chain. All participants working more intimately with intermediate customers, shippers and 3PLs, end customers, and technology providers focus on the goals that bring greater efficiency, speed, and accuracy.

This edition of Logistics Tech Outlook on freight audit and payment features companies that are at the forefront of offering customer-centric services. In the last few months, a distinguished panel comprising CEOs, CIOs, VCs, and analysts along with our editorial board reviewed the top companies in the domain and shortlisted the ones that are at the helm of tackling challenges in the freight audit and payment domain. The companies compiled in this issue have exhibited extensive business process knowledge, along with in-depth, integrated, and innovative strategies in the space.

We present to you Logistics Tech Outlook’s "Top 10 Freight Audit And Payment Consulting/Services Companies 2019"

Top Freight Audit And Payment Technology Consulting Companies

American Truck & Rail Audits, Inc. (AMTR) is a freight audit service company focused primarily on after-payment freight audits. As the Home of Smart Auditing®, AMTR focuses on the powerful synergy between human transportation experts and leading-edge technologies to discover and recover overcharges and educate clients to prevent reoccurrences. AMTR is one of the few freight auditing firms in the industry that continues to emphasize the significance of human transportation experts in the audit process.AMTR charges no upfront fees and payment is based solely on a percentage of successful claim recoveries

amtr.com

EM6 Logistics is a freight audit and payment company that leverages state-of-the-art systems and tools to deliver a flexible, user-friendly, and cost-effective solution to manage freight payables for its clients and carriers globally. The company automates entire process of freight audits, which reduces manual intervention, making it accurate and cost-effective. To improve visibility and traceability around the expenditure, the freight bill audit firm provides general ledger (GL) coding through its platform. EM6 Logistics is one of the few companies that has processes built in all the major languages and currencies with payouts through the banking networks in all the regions in local currencies

em6logistics.com

Broussard Logistics

Broussard Logistics

Founded by entrepreneurs Paul and Steve Broussard,industry veterans from the transportation industry, Broussard Logistics aims to elevate the freight management capabilities of many companies across the globe. The firm is today a trusted partner of many reputed organizations that were looking to outsource complex tasks associated with freight management. Centralization and tracking crucial freight information as well as receiving notifications are some of the advantages of collaborating with Broussard Logistics. The firm's inbound freight management capability helps firms leverage their inbound and outbound spend

ControlPay

ControlPay

The inception of ControlPay was driven by the motive to assist large multi-national companies with complex logistic structures. The company has carved a niche for its service suite which comprises of Freight Audit, Freight Tendering, Business Intelligence, Rate Management, and Spot Bidding. ControlPay empowers clients with analytical freight data that can immensely help the finance and sales departments and drive them towards better decisions. ControlPay has established a presence across several countries including the United States, Brazil, Ukraine, Spain and Germany

CT Logistics

CT Logistics

Established in 1923, and headquartered in Cleveland, Ohio, CT Logistics is a one of the largest third-party logistics service provider in the U.S. The company has a range of services for freight bill audit, payment and transportation management consulting. CT Logistics empowers industrial shippers and receivers with freight bill audit services, timely payment to each carrier, and customized management information through its flagship solution “FreitRater”. With one of the highest client retention and success rates CT Logistics is a proven pioneer of the logistics technology industry, and its success is recognized by its staggering growth rate both for itself and its clients

CTSI Global

CTSI Global

Led by Kenneth Hazen, President and CEO, CTSI-Global is a freight audit and billing services provider that employs a highly experienced team of professionals to offer a platform which brilliantly merges technology and intelligence in order to capture and reveal insights from complex supply chain data. The staff at CTSI-Global has over 400 years’ of combined experience in all modes of transport working with some of the biggest enterprises, both domestic and international. This wealth of knowledge and expertise allows the company to catch freight invoice errors that would otherwise go undetected—and maximize clients savings every single time

enVista

enVista

enVista is a leading global software solutions and consulting services firm enabling enterprise commerce TM for the world’s leading manufacturers, distributors and omni-channel retailers. enVista uniquely delivers both physical and digital commerce solutions – optimizing supply chain efficiencies to drive cost savings, and unifying commerce to drive customer engagement and revenue. These comprehensive capabilities, combined with enVista’s market-leading Unified Commerce Platform, and the firm’s ability to consult, implement and operate across supply chain, transportation, IT, enterprise business solutions and omni-channel commerce, allows mid-market and Fortune 100/5000 companies to leverage enVista as a trusted advisor across their enterprises

Level One Technologies

Level One Technologies

Level One Technologies develops powerful web based applications that help businesses become more efficient and profitable. Their experienced staff has worked together for over a decade. These years of experience have led to a highly productive work flow that allows them to deliver quality programming in a short period of time. The company’s applications are built on a common platform adaptable to multiple industries. Their flagship program, Epay Manager, was originally designed for the transportation industry, but can be easily modified to work for almost any industry

Software Solutions Unlimited

Software Solutions Unlimited

Headquartered in Beaverton, Oregon, SSI provides modern, customized, supply chain technology and software solutions to its clients. SSI transforms the complexity of freight audit and freight payment into cash savings and business intelligence, providing actionable insights to maximize profit potential. SSI also offers carrier contract negotiation services, providing immediate and long-term savings. With its proximity to Silicon Valley, San Francisco, Seattle, and many other fast-growth technology centers, SSI is uniquely situated to serve the needs of leading technology, eCommerce, automotive, and software businesses. SSI also serves a diverse client base across a range of industries

TranzAct Technologies

TranzAct Technologies

TranzAct Technologies, designs and develops logistics management solutions. It offers StarSuite that supports audit and payment of freight bills and the delivery of information for cost control, process improvement, and overall management of the business.The company also provides StarView, a Web-based supply chain visibility tool that generates on-time delivery reports by carriers, customer, geography, vendor, and facility; StarPay, a payment and audit system; StarLite, a logistics data mining product; and StarBrite, a Web-based reporting tool. In addition, it offers consulting services, such as distribution network modeling and optimization, performance measurement and reporting, transportation sourcing and cost analysis, customer delivery and support, and inventory planning and management. The company was founded in 1984 and is headquartered in Elmhurst, Illinois