Freight Cost Allocation

CargoWise’s Freight Cost Allocation tool allows organizations to allocate shipping expenses among multiple supply chain stakeholders. It ensures that the costs associated with a cargo, such as freight charges, customs duties, and other fees, are assigned equally to those who are involved, whether they are the shipper, consignee, or other related entities. This feature streamlines the financial component of logistics, ensuring that all parties are charged accurately for their portion of the shipping costs.

CargoWise eliminates the administrative load of manually calculating and applying cost allocations to each cargo by automating the process. It also enhances accuracy and openness and reduces the likelihood of cost conflicts. Freight cost allocation is critical for firms that deal with various stakeholders in the supply chain since it simplifies invoicing and preserves cost transparency. This functionality guarantees that organizations adhere to financial practices and provide a flawless billing experience for all stakeholders.