A well-strategized implementation of a robust transportation system for managing freight bills can subsequently produce significant benefits beyond successful audits and on-time payments. As the supply chain grows complex than never before, traditional logistics systems no longer deliver on the promise. By automating the process workflows, freight audit and payment solutions can provide accurate and in-depth data required for reporting and advanced analytical use. Allowing transparency and logistics visibility in the operations will remain one of the main focuses in the coming years.
Enterprises are looking for means to monitor their freight expenses and depend extensively on the intelligence of transportation management systems (TMS). The complete supply chain costs should cover all transportation-related movements. A trend expected in 2019 is the use of single-pane-of-glass systems, more specifically known as “single window.” This trend will help businesses gain logistic visibilities if coordinated with their solutions programs. When paired with analytics, these shippers can use the interactive dashboards to derive updated and real-time insights and improve their operations.
In today’s economic status quo, it’s more critical than ever to make sure all freight operations have a holistic view of the complete supply chain network. Since this takes too much time, automating freight audit performances allows shippers and freight forwarders to address their core businesses. Evidently, freight audit and payment administration is poised to reap the benefits of AI and ML technology in the coming year, and figuring these technological trends’ implications ultimately creates a clear path to success.
This edition of Logistics Tech Outlook features companies that are at the forefront of offering freight audit and payment solutions. In the last few months, a distinguished panel comprising CEOs, CIOs, CTOs, VCs, and analysts along with the Logistics Tech Outlook 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 Solution Providers-2019.”