Auditing your freight invoices

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Auditing your freight invoices U.S. Bank Freight Payment As supply chain complexity increases, so do your freight contracts. Dimensional weight pricing, international contracts, accessorials, carrier consolidations and many other factors continue to make freight contracts more complicated. U.S. Bank Freight Payment provides a comprehensive, 100% prepayment audit process coupled with a state-of-the-art contract management engine to create an integrated, efficient solution. With real-time visibility, exceptions are clear and actionable directly in the system, streamlining the process and saving you time and money. With freight audit and payment services from U.S. Bank you can rest assured you are paying the right amount the first time, every time.

100% pre-payment audit, without the added cost Many freight audit and pay providers say that they audit 100% of the invoices. But, how are they handling the inaccurate invoices? Are they simply identifying the error and sending it back to the carrier to correct and resubmit the invoice? Or are they auditing it after the payment and then taking a percentage of any recouped funds? • Save money with 100% prepayment audit and by eliminating multiple invoices. • Collaborate online with your carriers to quickly resolve exceptions.

Increased visibility and data accuracy Our audit services go beyond making sure you are paying the right amount at the right time. Since corrections are made before the bill is paid or delayed due to rebilling, U.S. Bank Freight Payment ensures you have timely, accurate data to determine your key performance indicators (KPIs). • Gain real-time access to all your invoice details. • Choose which points you want to audit, whether it’s tariffs, mode, miles, origin, destination, etc....

How it works

 urther optimize your staff resources and F allow us to resolve exceptions on your behalf. Managed Services: • Reviews transaction exceptions to determine the root cause. • Monitors exception status, reports delays and escalates when needed to ensure timely resolution. • Resolves the audit exception directly based on guidelines provided by shipper or work with the shipper and the carrier to resolution. • Identifies the root cause of reoccurring audit exceptions and work with carriers to find and implement a solution.

Carrier contracts contain detailed information that requires integrated, agile technology to store data and allow changes to happen quickly and efficiently. We work with you to ensure all of the necessary data elements, tariffs and mileage packages are correct to provide accurate comparisons against invoice billed amounts. This technology allows for electronic uploads to ensure speed and accuracy when changes are required.

• Multiple bill of lading (BOL) are applied when in a non-match environment. • Invoice enters the pricing engine. If pricing matches the contracts, invoice is sent for payment. • If the invoice does not match, Managed Services reviews the exception and will work with the carrier to correct the issue directly in the system.

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