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Intelligent Audit: The Data-Driven Route to Smart Shipping

Top 10 Freight Audit and Payment Solution Companies - 2021

Gone are the days when robust, sophisticated freight audit and payment technology was but a choice for the logistics industry. With complexities revolving around all modes of freight transportation and supply chain operations today, the effectiveness of freight audit and payment solutions and services directly affects the bottom lines for any global shipper.

Advancements in digital technologies are replacing manual freight invoicing systems and outdated IT systems. Robotic process automation (RPA) is unimaginably transforming freight invoice auditing by automating the process of matching data between invoices and documentation. At the same time, data analytics is emerging as a prominent trend, promising unparalleled efficiency to logistics companies. Besides, most modern freight audit and payment companies are offering exceptional services for logistics firms to gain 100 percent control of their funds. These services include secure freight document scanning and accurate tracking of freight payments automatically.

As such, the technological progressions in the logistics arena are opening up a universe of new possibilities for freight audit and payment solution providers. This implies that shipping agencies looking for companies providing novel, state-of-the-art freight audit and payment solutions and services have to choose from a plethora of options.

To make this task easier and assist CIOs in identifying the right companies providing freight audit and payment solutions, Logistics Tech Outlook presents to you “Top 10 Freight Audit and Payment Solution Providers - 2021” A distinguished panel comprising CEOs, CIOs, VCs, Analysts, and the Logistics Tech Outlook editorial board has selected the top freight audit and payment solution providers. In our selection process, we looked at the company’s offerings, core competency, news/press releases, client testimonials, milestones, and other recognition.

    Top Freight Audit and Payment Solution Companies

  • Founded in 1996, Intelligent Audit is a leading technology services company that automates the freight audit and recovery process. Today, the company helps more than 2,900 shippers across all industries experience increased carrier accountability, a better measurement of performance across the network, better management of the cost of goods sold, reduced confusion over total transportation spends, and increased insights into opportunities to lower freight spend. Intelligent Audit offers a proprietary comprehensive freight audit and recovery solution that works across all modes of transportation

    www.intelligentaudit.com

  • Orca offers payables automation, data standardization/centralization, and AI embedded supply chain analytics that focus on collecting and cleaning transportation data in order to increase profitability for every client. As a results oriented team that prioritizes excellence in all they do, the company creates efficiencies and maximizes bottom line profits through its cutting-edge integrated supply chain technology. Going beyond traditional freight audit services, Orca solves the logistical and operational challenges organizations face by equipping their supply chain personnel with critical and reliable data. Orca connects to all carriers across North America via API and EDI with the goal to centralize, standardize, and organize customers’ data sets to offer a multi-enterprise collaborative ecosystem for supply chain reporting

    orcaaudit.com

  • Trans Audit is a global transportation post payment audit specialist that delivers unsurpassed post audit coverage, results, and a top-notch client experience. As the world’s largest global transportation post audit specialist, Trans Audit has delivered over a billion dollars of benefit to hundreds of Fortune and Global 1000 companies by submitting more refund claims and recovering more overpayments than the competition. Trans Audit follows a twin-pronged approach to manage the Client experience and deliver more in-depth insights. The company uses a combination of both technological, as well as human resources to do the most thorough job for their Clients in terms of analyzing their transportation bills after they have been paid and provide Clients with powerful reporting technology

    transaudit.com

  • CTSI Global

     CTSI Global

    From audit and analysis to allocation and exception management, CTSI-Global’s audit staff has over 400 years’ of combined experience in all modes of transport with the biggest companies in the world, both domestic and international

  • Cass Information Systems

    Cass Information Systems

    Cass provides customized solutions for freight payment, telecom expense management, and utility/facilities-related expense management, and is also a behind-the-scenes provider for other companies’ branded B2B payment processing and commerce solutions

  • Cloudtrade

    Cloudtrade

    CloudTrade exists to make data more accessible and useful for businesses in a digital age which fully automates intelligent data-capture from electronic, human readable documents and translates meaningful data into information which can be readily processed by your back-office IT systems

  • Data2Logistics

    Data2Logistics

    Data2Logistics provides a freight transportation cost-savings services portfolio and advisory services to companies who ship products domestically and internationally

  • Fortigo

    Fortigo

    Fortigo plugs into established supply-chain applications and provides rapid return on investment by optimizing and deploying closed-loop logistics processes, minimizing ship-to-order times, providing visibility into the supply chain and streamlining collaboration with logistics providers

  • GTMS

    GTMS

    GTMS is spearheading paradigm-changing technology innovations to help shippers streamline costs, increase efficiency and enhance visibility throughout the entire logistics process

  • nVision Global

    nVision Global

    nVision Global specializes in providing global freight invoice audit, payment and transportation spend management services for customers around the globe