Freight Audit and Payment

• Inaccurate invoicing and overpayments: Manual processing of transportation invoices is error-prone and often leads to discrepancies and overcharges, while complex carrier contracts make it virtually impossible to manually audit transportation spending. This often leads to overpayments, compliance issues and operational risk.  
• Transportation performance: Many businesses don’t have sufficient visibility into the actual performance and efficiency of their current transportation operation. Related data is often scattered across multiple systems and not normalized, delayed reporting prevents timely insights and limited visibility into transportation cost makes it difficult to manage budgets effectively. 
• Carrier sourcing: Sourcing favorable agreements from carriers is often challenging for operations and finance teams. Selecting the best mix of carriers, transportation modes, capacity and rates is a complex task, and customers may lack the necessary in-house expertise. 
• Sustainability regulations: Government-enforced sustainability regulations have intensified, leading to an increased emphasis on sustainable business practices. This shift is driven by growing consumer expectations for environmentally responsible operations. As a result, businesses need to provide more comprehensive carbon emission reports.  
• Outdated FAP services: Core Freight Audit and Payment (FAP) services have remained unchanged over the last decade. However, the value of transportation data and the insights it provides have become increasingly important for transportation leaders to improve operations and reduce costs. 
• Freight bill payment: The resources needed to handle invoices internally are high. Freight auditing can help your bottom line by cutting unnecessary labor costs. A 3PL can catch errors and manage payments to your carriers at 5 - 10% of the internal cost, eliminating the stress involved to ensure you’re paying the correct amount for your shipments. 

• Freight Audit and Payment
  Comprehensive services include: Audit for all modes, accurate invoicing, automated GL reporting, dashboards, financial controls, match pay, Track & Trace, productivity savings. Dedicated account analysts perform regular audits, acting as an extension to the customer’s teams. 
• BI/Analytics
  myShipINFO® transforms data into actionable business intelligence (BI). Features include: Enhanced BI dashboards, global expansion pack, customizable reporting and KPIs, prescriptive analytics, sustainability KPIs and reporting. 
• Transportation Solutions Consulting (TSC)
  Our in-house consulting offers services for carrier sourcing, strategy development, modeling and analytics. Features include: carrier contract optimization, rate benchmarking, network optimization, RFP management and strategic sourcing. 
• Bill Pay
  In partnership with JPMorgan Chase, we offer global payment execution and reporting solutions to streamline complex freight accounts payables and financial processes. Features include: Bill Pay, Quick Bill Pay, Cross border Bill Pay, Supply chain Bill Pay, JPMorgan Chase, OFAC and AML Screening & Monitoring. 

We optimize your carrier and supply chain payments. Accounts payable is a cost center with high overhead. Transportation invoices are complex and time-consuming to review and pay. We reduce payment costs and errors, saving you money and the cost incurred in fixing mistakes, with our transportation analysts supporting customers' in-house teams. Customers gain the visibility into transportation spend to make decisions in real time, freeing up resources on their teams for valuable tasks.

Infios’s Freight Audit and Payment solution also helps shippers and carriers gauge their carbon emissions and implement measures to reduce or offset them. The introduction of Carbon Emissions Reporting into Infios’s globally leading solution myShipINFO® supports transportation team’s sustainability initiatives by utilizing standards from EPA and IMF for emissions measurements and compliance reporting.

Infios’s value-added FAP includes comprehensive solutions that helps achieve true optimization, enabling strategic transformation of our customers' transportation spend management, as well as the reduction of operational risk through our leadership in the transportation spend market. Our FAP solutions support four distinct areas. While each can benefit organizations in their own way, all four provide cost savings supported by a team of account analysts, data visibility and actionable insights, as well as long-term optimization of transportation spending and operations. And beyond FAP, our expansive suite of supply chain solutions enables us to take a holistic approach to addressing your unique supply chain challenges and provide tailored products to meet your specific business needs.