Freight Audit and Payment Services

Does your supply chain business face challenges like invoicing errors, complex contracts, delayed payments, and disparate systems? These hurdles may lead to financial discrepancies, strained vendor relations, operational inefficiencies, and increased administrative workload. You need a perfect partner to pull you out of these challenges. Our freight audit and payment services will help you with invoice auditing, cost validation, accurate payment processing, and detailed reporting.

24

Years of Experience

10+

Industry Verticals

5000+

Experienced Professionals

StripFreight Audit and Payment Services

Freight Audit and Payment Services

Does your supply chain business face challenges like invoicing errors, complex contracts, delayed payments, and disparate systems? These hurdles may lead to financial discrepancies, strained vendor relations, operational inefficiencies, and increased administrative workload. You need a perfect partner to pull you out of these challenges. Our freight audit and payment services will help you with invoice auditing, cost validation, accurate payment processing, and detailed reporting.

Get a Quote

24

Years of
Experience

10+

Industry
Verticals

5000+

Experienced
Professionals

Freight Audit and Payment Services

Outsource Freight Audit and Payment to the Expert

As a seasoned freight audit and payment services provider, we have excelled in delivering services to a global clientele since 2000. Our experts have assisted businesses in overcoming challenges related to accurate invoicing, rate benchmarking, compliance management, and efficient payment processing. A list of our services includes invoice processing, carrier payment, rate verification, audit and discrepancy resolution, freight cost allocation, and more.

Our services are backed by several crucial steps for effective logistics management. First, we receive invoices from carriers. Next, the invoices are verified against agreed-upon rates, contracts, and services rendered. After verification, our team identifies discrepancies and reconciles them. Then, the validated invoices are processed for payment. This step includes allocating costs to the appropriate departments or cost centers. Finally, payments are made to carriers within the agreed-upon terms.

We have a large team of dedicated professionals with in-depth industry knowledge and experience in logistics operations. They utilize transportation management systems (TMS), audit software like Cass and A3, and ERP integration for seamless processing. The team leverages quality control techniques such as verifying invoices against contracts, scrutinizing rates, and confirming proper documentation. It also encompasses compliance with regulatory requirements.  It is because of these checks and quality measures we are able to deliver a freight invoice accuracy rate of over 99%.

Freight Audit and Payment Services Process

  • Invoice Receipt

    We receive freight invoices from carriers detailing shipping costs and services rendered.
  • Invoice Verification

    Next, we review freight invoices for accuracy in charges, quantities, and supporting documentation.
  • Rate Validation

    We also confirm that contracted rates align with agreed-upon terms and conditions for transportation services.
  • Data Capture

    At this stage, our team members input essential invoice data into the freight audit system.
  • Exception Identification

    Then, we detect discrepancies or anomalies that require additional attention or resolution during the audit.
  • Approval Workflow

    We implement a systematic approval process to ensure proper authorization
  • Payment Processing

    After approval, we settle the payments to carriers and vendors.
  • Reporting and Analysis

    Finally, we generate comprehensive reports to assess carrier performance, cost trends, and process efficiency for optimization.

Our Comprehensive Freight Audit and Payment Services

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  • Invoice Verification
  • Contract/Rate Management
  • Payment Processing
  • Claim Management
  • Accruals And Gl Coding
  • Rate Benchmarking
  • Rate Optimization
  • Invoice Consolidation
  • Technology Integration
  • Invoice Audit Services
  • Freight Bill Processing
  • Dispute Resolution
  • Rate Negotiation Support
  • Credit And Overcharge Recovery

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Invensis Advantage for Freight Audit and Payment Outsourcing

Improved Accuracy

We employ automated verification techniques, including invoice matching and rate validation, to ensure the accuracy of carrier charges, taxes, and surcharges.

Robust Data Validation

We examine key data points such as shipment details, carrier rates, and accessorial charges through automated validation checks and manual verification processes.

Real-time Visibility into Freight Spend

Our agents are adept at continuously updating and analyzing data, offering instant insights into cost breakdowns, carrier performance, and other critical metrics.

Integration with ERP Systems

We integrate our services with clients' ERP systems to ensure smooth exchange of information, eliminating manual issues and errors associated with data transfer.

Audit Trail for Compliance

We record every step of the auditing process, including rate validations, carrier negotiations, and payment transactions, to ensure transparency and accountability.

Secure Payment Processing Systems

We employ encryption protocols, secure gateways, and multi-layered authentication to safeguard financial transactions and sensitive client data.

Step-by-step process for Freight Audit and Payment Services
Step-by-step process for Freight Audit and Payment Services

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Invensis - The Most Trusted Freight Audit and Payment Company

With over two decades of experience, Invensis has been a trusted provider of comprehensive freight audit and payment services worldwide. Our clientele spans across logistics, supply chain, distribution, and warehouse management. Our end-to-end support has empowered clients to gain unparalleled visibility into their supply chain. This has been possible due to our highly skilled professionals, customer-centric approach, adherence to industry best practices, and the integration of cutting-edge technologies.

24

Years of
Experience

10+

Industry
Verticals

5000+

Experienced
Professionals

ISO: 9001:2015 Certified Company
ISO  27001:2013 Certified Company
HIPPA-Complience

98%

Accuracy in Freight
Bill Auditing

100%

Cost Validation
and Reduction

95%

Invoice Discrepancy
Resolution

90%

Improvement in Real-Time
Shipment Tracking

100%

Adherence to Industry
Standards & Compliances

Finance and Accounting Tools We Specialize In

Xero
NETSUITES
Microsoft Dynamics GP
Quckbooks
Peachtree
ZOHO
Appfolio
Wave

We Provide
Services

We provide Reboost
We are Waiting! Outsource to Us Now.
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What Our Customers Say

Invensis has streamlined our order management process and provided such valuable insights into our customer relationships that we have seen a significant improvement in our customer satisfaction levels.

Kate Pipe
Leading Retail Company in US

We were looking for a complete order management solution to handle our growing customer base. Invensis has not only met but exceeded our expectations. The team is very professional and always available to resolve any issues we may have.

Isla Ledger
Leading Distributor Company in Canada

Invensis' order processing management team has helped us improve our customer satisfaction levels beyond measure. We can now track our orders more efficiently and provide our customers with better visibility into the status of their orders. The team is also very responsive to our queries and concerns.

Ava Perez
Leading Fast Food Chain Company in UK

What Our Customers Say

We are thrilled with the impeccable chiropractic billing services offered by Invensis. Their comprehensive knowledge of the industry, prompt claims processing, and meticulous attention to detail have immensely benefited our healthcare reimbursements. Highly commendable!

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John Davis
Leading Healthcare Company in the UK.

We are extremely pleased with the exceptional hospital billing services provided by Invensis. Their expertise and attention to detail in Medicare billing and compliance in medical billing have streamlined our revenue cycle and improved financial performance.

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Emily Johnson
Leading Hospital in the US.

Invensis has been an invaluable partner for our organization, providing exceptional ASC billing services. Their expertise and dedication have significantly improved our revenue cycle management. Highly recommended!

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Sarah Smith
Leading Healthcare Provider in Italy.

Our eCommerce Store Management Services Cover Leading Platforms

Shopify
Woo
YahooShopping
WixeCommerce
BigCommerce
Ebay
Ecwid
Shopwired
Netsuite
Shift4shop
Magento
Opencart
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Contact Information

You can reach us at:

Call us
+1 (302)-261-9036
sales@invensis.net
Locate Us
Invensis Inc. 2785 Rockbrook Dr STE 204 Lewisville, TX 75067

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