Self-Billing in CargoWise
CargoWise’s self-billing tool automates invoicing by allowing freight forwarders and logistics firms to create supplier invoices on behalf of their vendors. Instead of waiting for external bills, the system generates payment amounts based on pre-negotiated rates and service data already saved on the platform. This improves the accounts payable process by reducing manual intervention and eliminating anomalies caused by invoice mismatches.
CargoWise allows users to set up self-billing policies based on rate cards, service kinds, and shipping milestones. Once a service is done and accepted, the system will generate an invoice and send it to the accounting module for payment processing. This not only enhances operational efficiency but also promotes compliance by ensuring accurate, timely, and uniform billing. Suppliers benefit from increased cash flow predictability, while logistics providers benefit from reduced administrative workload and billing conflicts.
