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.”
