When the economy takes off again, will your company be ready? Companies recognize the desperate need to implement strategies to not only improve supply chain operational performance, but increase back-office efficiency and improve cash flow as well. But how?
Webinar Preview:
Presented By:
Henry Ijams, Managing Director, PayStream Advisors, Inc.
Brian Eschmann, Vice President, PowerTrack, U.S. Bank
Moderated By:
David Maloney, Sr. Editor, DC Velocity
Join us for an insightful webinar, entitled "Freight Audit & Payment - Freight Invoice and Payment Processing Hits the Technology Highway", to explore the challenges many organizations face today. In our recent survey, 56% of respondents still handled paper invoices or paper checks or both and 60% were not performing comprehensive pre-audits prior to payment. Could this be you? Learn about best practices in freight invoice processing and payment some companies have employed to put them ahead.
This webinar will discuss:
- Innovation Drivers for Freight Audit & Payment
- The Roadmap to a Touchless Process
- Quality Data & Your Effectiveness
- Innovation in Action (Examples and Case Studies)
- U.S. Bank’s Payment Solution
Prepare to:
- Reduce costs with streamlined processes
- Improve working capital and relationships -- as carriers are paid quickly while shipper are terms extended
- Equip your company with crucial global visibility and information needed to remain viable
Report Preview:
This compelling report, entitled "Freight Audit & Payment - Freight Invoice and Payment Processing Hits the Technology Highway", discusses several components of Freight Bill Automation (FBA) and how these components can be holistically leveraged to reduce process waste and cost, speed the payment cycle, improve cash flow, and create enterprise-wide visibility in order to enhance performance.
Learn about the primary components to a comprehensive Freight Bill Automation solution:
- Electronic Freight Bill Capture (and data standardization)
- Tariff Monitoring and Update Services
- The Rating Engine
- Freight Bill Authentication and Audit
- Payment Services
- Reporting and Analysis
Discover how taken together, these components reduce costs through both operating efficiencies and greater transparency.
- Overcharges and incorrect rates can inflate freight expense by 10 to 24 percent - FBA automation and pre-audits can eliminate these costs.
- Automated processes reduce labor costs relative to payment processingGreater transparency coupled with standardized, accurate data ensure better decisions going forward that can reduce freight bill charges another 25 percent.
- Labor costs associated with audits, if they are even needed, are greatly diminished due to the high degree of process and data visibility.
These benefits cannot be realized by partial solutions. Process gaps mitigate any advantages gained from automating one or two elements as opposed to the entire process. FBA is therefore at its best within the framework of a comprehensive technology platform, which is required to provide optimal returns.
Register here:
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