The logistics and transportation industry has always been the main artery of economic and social development. With the rapid development of mobile Internet and digital economy, shippers convert the data in audit and payment invoices into strategic supply chain intelligence, and the demand for freight audit and payment suppliers for business analysis and consulting services is increasing.

Freight audit and payment suppliers said that during the COVID-19 pandemic, the combination of technological improvement, market preparation and supply chain fluctuations all played a role in this evolution.

freight audit service refers to the actual charge amount by receiving your actual delivery (or receipt) data electronically or manually. And through financial review and stricter control of contract compliance, maximize the return on logistics expenditure.

Chicago-based TranzAct Technologies director Mike Regan (Mike Regan) said that TranzAct can use their investment in data cleaning and data science to help shippers better understand data and make better decisions, which has been accelerated in the past three to four years.

A major shift in suppliers' thinking, from a strict focus on ensuring accurate shipping invoices to providing information for later decisions, is exactly what shippers expect so that they can make better use of data for their decisions.

A major area of concern for TranzAct is system integration to organize data exchange between a given shipper's systems. But before these integrations occurred, audit providers now needed to be able to capture a wider range of information than traditionally, but not just data architecture, but the ability to integrate with asynchronous platforms. Regan added.

for a long time, the ambition of freight audit and payment providers is not only regarded as invoice auditors with freight and surcharge expertise, but also as a means to improve efficiency through outsourcing and automation of payment processes. As early as ten years ago, shippers required suppliers in this field to use audited and paid invoice data to measure their performance and the performance of their carriers and suppliers' total customer base.

The focus on data quality makes sense for audit vendors-which in their job descriptions is actually identifying and correcting inaccurate information-but they have become more aware of the power of complete and accurate data in the environment where they are required to serve as consultants, not just digital processors.

Audit and business analysis supplier Intelligent Audit's CEO said, "We have so much standardized and cleaned up strong data, so our goal is to make it operable so that we can find our customers and tell them exactly what the problem is and what they can do to solve the problem."

Forwardernet.com