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Freight Audit & Pay is Broken: Here Are 8 Ways to Fix It

Yes, there is a better way! What we need are fresh ideas and effective tech solutions to streamline freight billing audit and payment processing.

Nowadays, shippers seeking to pay their freight invoices face many pitfalls. These range from complex, outdated paper-based systems to the labor-intensive process of accessing and interpreting freight invoice data.

This article will first look at the challenges faced by shippers as they audit and pay their freight bills. Despite these issues, it’s not all bleak; I’ll also share with you the following eight innovative strategies:

1. Simplify Your Freight Payment Terms.

2. Leverage A 3rd Party Audit & Pay Provider.

3. Implement An Freight Invoice Payment System Interface Using EDI / APIs.

4. Leverage Artificial Intelligence (AI) Automation For Freight Invoice Processing Analytics.

5. For Some Use Cases, Leverage Blockchain And Smart Contracts.

6. Start Using Instant Freight Invoice Payment.

7. Use Cryptocurrency As An Alternative Payment Option.

8. Implement A “Self-Billing” Option: Pay Based On Electronic Shipment Manifest And IoT Data Capture.

Ready to streamline your freight bill audit & pay process and turn it into a strategic asset? Please read the full article, see link below.

#freightbillaudit #freightpayment #shipping #innovation

Main Article Link: https://sctechinsights.com/freight-in...