Invoice Audit & Payment

IntelliTrans audits and pays freight invoices on behalf of customers.

THE RESULTS

$4.8MM

Saved $4.8MM with IntelliTrans’ freight invoice audit & payment services.

$3MM

Reduced over $3MM in past dues to zero within 2 months.

2%

Saved approximately 2% of overall freight spend by auditing invoices.

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Overview

A customer used IntelliTrans to audit and pay their freight invoices.

Challenge

The customer was missing many payments to carriers and their accounts payable process was manual, lengthening the time to payment. Additionally, inaccurate invoices were costing the shipper millions of dollars.

Solution

Using audit & payment services, to get accurate information to guarantee compliance and quickly resolve disputes and make payments.

Business Problem:

• Missed payments to carriers
• Inaccurate invoices
• Manual AP processing, lengthening the time to payment

Objectives:

• Get current with carriers
• Reduce AP processing time
• Manage exceptions to the rule
• Improved auditing results in actual savings

Process:

• Store contract & tariff rates, accessorials, and fuel surcharges in the system
• Using the TMS to audit freight bills leads to improved accuracy
• Automated triggering of freight bill payment

Results:

• Reduced over $3M in past dues to zero within 2 months
• Audit savings achieved approximately 2% of overall freight spend