Freight Audit and Payment
CargoWise’s Freight Audit and Payment (FAP) is an integrated system that streamlines the verification and processing of freight bills. This tool automates the validation of freight invoices, confirming that the charges reflect the agreed-upon terms, such as rates, surcharges, and additional expenses. Automating this procedure eliminates the need for manual checks, minimizing errors and increasing productivity.
The system also includes extensive reporting features, which allow organizations to get visibility into freight charges and discover potential anomalies. It facilitates the complete payment cycle, from invoice receipt to approval and the final payment. CargoWise’s automated procedures enable timely payments while adhering to internal regulations and outside regulations. This lowers the possibility of overpayment or underpayment, resulting in a more accurate and transparent handling of freight expenses. Freight Audit and Payment also connects neatly with CargoWise’s other financial modules, ensuring that data flows smoothly across the platform.
