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The logistics industry’s expansive and integrated network spans every border and continent, connecting producers and consumers from all corners of the globe. The ability to translate different currency types, languages, and regulations in this highly-interconnected world creates complexities and costs that affect every link in the supply chain. This is no more evident than in freight invoicing and auditing, and these processes must find the perfect combination of quality, speed, and cost. Logistics shippers and suppliers must seek advanced outsourced solutions to meet these needs.

Shippers and transporters must partner with an outsourcer with the experience, processes, and technology to help them navigate the many complexities involved in freight invoice creation, processing, and auditing and provide the quality, speed, and cost-effectiveness logistics companies need.

Freight Invoice Creation

The logistics industry’s freight invoice creation process has moved on from the time-consuming and costly manual tasks of the past. All logistics carriers should adopt technology-driven automation to ensure accurate invoices that result in timely payments. Forward-thinking carriers seeking to employ automation are partnering with outsourcing companies with the expertise and resources to get them up and running quickly. The right partner will utilize Machine-Learning enhanced OCR for invoice creation. Carriers moving to this outsourced technology will find a cost-saving process that provides greater accuracy and near-instantaneous invoice creation.

Freight-Invoice-Creation
Freight-Invoice-Creation

Freight Invoice Creation

The logistics industry’s freight invoice creation process has moved on from the time-consuming and costly manual tasks of the past. All logistics carriers should adopt technology-driven automation to ensure accurate invoices that result in timely payments. Forward-thinking carriers seeking to employ automation are partnering with outsourcing companies with the expertise and resources to get them up and running quickly. The right partner will utilize Machine-Learning enhanced OCR for invoice creation. Carriers moving to this outsourced technology will find a cost-saving process that provides greater accuracy and near-instantaneous invoice creation.

Freight-Invoice-Processing

Freight Invoice Processing

selection, discrepancies in charges, and difficulty tracking re-submitted invoices that require corrections.

For these reasons, logistics shippers are moving to more accurate freight invoice processing using outsourcing partners who leverage automation technologies like Machine Learning. Logistics companies taking advantage of these outsourcing processes see the following ML advantages:

  • ML components are linked with an OCR component that allows it to read and comprehend the context of freight bills.
  • ML trained to distinguish carrier variances and retrieve data for payment and audit purposes.
  • ML application of client rules in conjunction with certain carriers.
  • On-demand tracking of every freight invoice

Machine Learning enhanced OCR processes invoices nearly instantaneously and at a cost far lower than in-house or other outsourced manual processes.

Freight-Invoice-Processing

Freight Invoice Processing

selection, discrepancies in charges, and difficulty tracking re-submitted invoices that require corrections.

For these reasons, logistics shippers are moving to more accurate freight invoice processing using outsourcing partners who leverage automation technologies like Machine Learning. Logistics companies taking advantage of these outsourcing processes see the following ML advantages:

  • ML components are linked with an OCR component that allows it to read and comprehend the context of freight bills.
  • ML trained to distinguish carrier variances and retrieve data for payment and audit purposes.
  • ML application of client rules in conjunction with certain carriers.
  • On-demand tracking of every freight invoice

Machine Learning enhanced OCR processes invoices nearly instantaneously and at a cost far lower than in-house or other outsourced manual processes.

Freight Invoice Auditing

Freight Invoice Auditing is one of the most critical processes in the logistics and shipping revenue cycle. Only recently, this complex task of reviewing freight invoices and checking them against contracts and pricing was a tedious and expensive manual process. Now Logistics companies can apply highly accurate automation technology in the form of outsourced Robotic Process Automation (RPA).

The right partner will provide an RPA solution that performs audits hundreds of times faster than manual audits at a lower cost and without human error, ensuring that contracted pricing is met, discounts are applied, and incentives are captured.

Freight-Invoice-Auditing
Freight-Invoice-Auditing

Freight Invoice Auditing

Freight Invoice Auditing is one of the most critical processes in the logistics and shipping revenue cycle. Only recently, this complex task of reviewing freight invoices and checking them against contracts and pricing was a tedious and expensive manual process. Now Logistics companies can apply highly accurate automation technology in the form of outsourced Robotic Process Automation (RPA).

The right partner will provide an RPA solution that performs audits hundreds of times faster than manual audits at a lower cost and without human error, ensuring that contracted pricing is met, discounts are applied, and incentives are captured.

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