Freight Audit Software is a digital tool designed to review, verify, and correct freight invoices. It makes sure that carrier charges are accurate and match agreed-upon rates and terms, automating a process that can otherwise be time-consuming and error-prone.
The software verifies invoices against contracts, tariffs, and shipment details, detecting errors such as duplicate charges, incorrect rates, and unauthorised fees. Automating these checks helps companies save on costs by avoiding overcharges, reducing the need for manual checks and guaranteeing compliance with shipping contracts.
The process involves importing freight bills and shipping data, running automated checks, and flagging discrepancies. These discrepancies are reviewed and corrected, either automatically or by staff. Approved invoices are then processed for payment, and detailed reports are generated for financial review and carrier performance analysis.
Freight Audit Software often integrates with other systems, such as Transportation Management Systems (TMS) and Enterprise Resource Planning (ERP) systems, to streamline data flow and enhance functionality.
This software is essential for companies who want to manage shipping costs effectively and maintain accurate billing practices.