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The 3PL Automation Cloud solves this with automated freight reconciliation using an electronic matching process to reconcile freight estimates with carrier invoices. Enabling you to:
• Quickly & accurately match large volumes of 3PL freight estimates to actual shipments using imported carrier tracking & pro-number details
• Enhance the speed & accuracy of 3PL freight bill matching
• Experience real-time financial reporting, facilitating timely month-end closures
• Boost overall cash flow & customer satisfaction by ensuring shipment accuracy
Understanding the entire automated lifecycle of a freight bill with the 3PL Automation Cloud for Dynamics 365 Finance & SCM
The 3PL Freight Reconciliation Module in the 3PL Automation Cloud integrates with any TMS and is designed to accommodate all 3PL providers
Easily set up matching rules that automatically match invoice details to carrier fees enabling you to bill customers for discrepancies so you don’t absorb freight charges
Freight estimates are automatically matched using the main carriers’ EDI X12 invoices. The flexible freight reconciliation matching typically results in 90%-95% but often match +99%.
Automated Freight Reconciliation can be deployed within The 3PL Automation Cloud or as a standalone 3PL reconciliation solution for distribution environments
The Automated 3PL Freight Bill Life Cycle easily creates freight accruals with a streamlined process within Microsoft Dynamics 365 Finance & SCM
Shipment Initiation: Transportation activity generates a freight bill
Carrier Invoicing: Invoices are imported into the system at a later date
Data Reconciliation: Shipment data is matched with the corresponding carrier invoice
Adjustment Assessment: Discrepancies between freight data and invoices are resolved
Financial Accruals: Freight bill accrual is created, and accrual is reversed when matched
Stats based on real customer data
99%+
Billing Automation Accuracy
$500K+
Monthly Freight Charges Savings
$6M+
Net New Annual Revenue
Discover how Avantiico helps you improve business processes, provide customers with a seamless experience and transform the way you do business.
