Logistics Tech Outlook
Trans Audit: A Holistic Approach to Post Audit

Top 10 Freight Audit and Payment Services Companies - 2023

The rapid expansion of the e-commerce sector demands an equally fast and innovative response from transportation and logistics providers. Handling various partners with different interests, collecting and analyzing scattered information, maintaining relationships, and monitoring statistics may be difficult for fleet owners. Auditing freight, reviewing invoices for discrepancies, and accounting for every dollar spent can take a lot of work in-house. To that end, businesses outsource some or all of their operations to freight audit and payment service providers that may negotiate and verify that these businesses only pay for their consignments. Shippers can get real-time quotations from a worldwide digital carrier network through freight audit and payment service providers.

Effective freight audit and payment analytics technology saves time by automating freight audit operations such as gathering data, data extraction, invoice review, payment processing, and supply chain reporting. Conversely, a few suppliers provide transportation execution solutions that improve speed and reduce latency.

As reported by Market Statsville Group (MSG), the global freight audit and payment market is predicted to increase at an 11.5 percent CAGR from 2022 to 2030, from USD 14,031.8 million in 2021 to USD 37,375.6 million by 2030. The increased need for effective management systems in the transportation and logistics industries has fueled market expansion.

This edition of Logistics Tech Outlook delivers a bird’s-eye view of recent developments in the freight audit and payment arena and insights into how organizations can align with these trends and adopt more innovative ways to shape the future of freight audit and payment services/solutions.

We have curated thought leadership articles from industry experts, including Thibaut Verdon, Supply Chain Director, Redspher & Mark Langmead, Director, Revenue and Compass Operations, TransLink.

We also took a deep dive into market trends to narrow down the list of companies delivering innovative freight audit and payment services/solutions. Equipped with innovative technological capabilities, companies like Trans Audit help transform businesses at the cloverleaf of various disruptive technologies.

We hope this edition of Logistics Tech Outlook’s Freight Audit and Payment service/solutions providers helps you build the partnership you and your organization need to foster an environment driven by efficient technology.

    Top Freight Audit and Payment Services Companies

    Ship Audit Pros
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    Ship Audit Pros is a shipping audit platform designed to help shippers save money on parcel costs. In addition to shipment auditing, Ship Audit Pros has also automated lost and damage claims, making it the only provider in the market to offer this service. ... read full profile
    AFS Logistics
    AFS combines a data-driven strategy with tried-and-true expertise to produce demonstrable savings and optimize critical aspects of the logistics business. With decades of sector expertise and thousands of client engagements, the team’s unrivaled insight, established processes, and dynamic analytics application pervade the whole portfolio of services involving freight audit and payment, parcel, LTL, and transportation management
    Broussard Logistics
    Broussard Logistics specializes in logistics services and technology and has supported businesses for over 40 years in managing, controlling, and lowering freight costs by strengthening their supply chain. They have grown from the initial service of reviewing and paying freight bills to become one of the major transportation cost management organizations and TMS suppliers
    ConData Global
    ConData is the world’s top freight and parcel audit recovery services provider. ConData’s audit capabilities include all types of transportation, including inbound and outgoing cargo. They work with businesses to discover, reclaim, and decrease overpayments and incorrect billings, improving efficiency and profitability
    CT Global Freight Audit
    CT Global Freight Audit is the World’s Leading Freight Invoice Audit, Verification, and Payment Company. A CT Global Freight Audit can assist in avoiding overpaying and will significantly enhance the financial performance of the business’s transportation and logistics. Ct Global Freight Audit handles savings for a diverse worldwide customer base
    Data2Logistics
    The primary emphasis at Data2Logistics is data. Its best-in-class methodology offers an accurate audit and produces clean, normalized data that may assist businesses in making cost-effective business decisions. They automate the carrier’s billing, auditing, approval, validation, and reporting procedures, which reduces involvement while strengthening carrier relationships
    ICC Logistics Services
    ICC Logistics Services, Inc. (ICC) assists its clients in lowering transportation costs while ensuring complete customer satisfaction. Its experience is in maximizing the range of transportation spending. Whether there’s one shipping site or fifty, if it’s sending products by truck, train, air, or ship, whether they deliver items to the next town or around the world, let ICC’s freight and logistics specialists identify hidden benefits in the transportation and logistics cost
    KBX
    KBX meets the increasing need for supply chain efficiency in various logistics sectors. They are devoted to creating win-win solutions for customers constantly, which includes positioning themselves as the leading logistics business to supply the latest technical developments, freight forwarding services, and innovative solutions
    SwanLeap
    SwanLeap is one of North America’s leading logistics firms, bringing over two decades of multimodal knowledge and technology to the sector. Thousands of freight bills are audited each month to ensure their correctness. Its technology, in conjunction with a specialized audit staff based in the time zone, is focused on verifying that every bill is right
    Varsity Logistics
    Varsity Logistics is the industry leader in the multi-carrier, multimodal package, and LTL shipping software for IBM Power Systems, IBM i, AS/400, iSeries, and System i platforms. Many famous manufacturers, distributors, and retailers utilize Varsity’s ShipSoft software to conduct their shipping operations and oversee their transportation providers. ShipAudit, the clever auditing software from Varsity, reconciles real carrier invoices with contract expenses