Freight Settlement & Audit
The Freight Settlement & Audit module automates financial processes related to logistics, reducing errors and the time spent on manual verification.
Get StartedFinancial control and operational accuracy
iBisTMS supports freight settlement and audit processes by linking transportation execution data with financial and reporting workflows within the Transportation Management System. iBisTMS provides automated invoicing based on actual deliveries, transportation cost review, and comparisons between planned and executed transportation activities. Logistics-related documents are managed centrally to support audit and compliance processes.
Supports invoice creation using transportation execution data, reflecting completed deliveries and agreed pricing references.
Allows logistics and finance teams to review transportation costs by comparing planned values with executed delivery data.
Supports centralized storage and access to logistics and transportation documents to facilitate audit review and compliance activities.
Key Features
Complete financial management capabilities
Order Fulfillment Analysis
- Compares planned versus actual delivered orders to identify discrepancies and inefficiencies.
- Tracks key metrics such as delivery timelines, quantities, and fulfillment accuracy.
Loss and Cost eporting
- Generates detailed reports on transportation losses, damaged goods, and associated costs.
- Provides cost breakdowns for freight expenses, enabling better budgeting and cost control.
Automated Freight Billing
- Automates the billing process by generating and verifying invoices based on shipment data.
- Ensures billing accuracy by cross-referencing planned shipments with actual deliveries.
Document Management
- Facilitates automated uploads and storage of freight-related documents, including invoices, proof of delivery, and compliance records.
- Ensures easy retrieval of critical documents for audits and reporting.
Freight Cost Auditing
- Conducts automated audits of freight charges to ensure consistency with agreed contracts and service levels.
- Flags discrepancies for review and resolution.
Performance Metrics and Insights
- Provides analytics on freight settlement processes, such as average payment timelines, cost per shipment, and billing accuracy.
- Offers actionable insights to improve operational efficiency and cost management.
Operational and financial oversight
Financial transparency, optimized costs, and real control monitoring across logistics operations.
Financial Visibility
Information access into transportation-related financial data through structured reporting of costs, invoices, and execution data within the Transportation Management System.
Optimized Costs
Allows logistics and finance teams to analyze transportation costs using data derived from executed deliveries, pricing references, and historical records.
Performance Monitoring
Supports monitoring of logistics performance by linking transportation execution data with financial tracking and reporting information.
Compliance and Audit Support
Supports audit and compliance activities through centralized management of logistics and transportation documents.
Optimize Your Financial Operations
Manage freight settlement, invoicing, and audit processes by linking transportation execution data with financial reporting within iBisTMS.