News & Publications
Why Freight Payment Centers
With a high volume, auditing freight payment invoices can be a complicated process. It may be too much to handle for an internal accounts payable team. This is why corporations depend on 3rd party freight payment centers to assist with this tedious task. It ensures that invoices are processed and paid in a timely manner.
There are several things that can go wrong with an invoice. Rates could be incorrect, spot quotes submitted without the support documentations, duplicate invoice submittals or the wrong type of invoice submitted. Example custom/duties paid by a deferment account is sent to a freight payment center.
Using freight payment centers can eliminate payment errors by using rate engines that warehouse carriers’ contracts in a centralized repository. Location logic is used to ensure invoices are cost allocated correctly.
After invoices reach good bill and are paid, freight payment centers can provide an accurate account on rate discrepancies, invoices paid in full or short-paid. Have access to a repository of invoices to be reviewed at any time. Reports can also be generated to make available all types of data (on-time payments, first pass yield, carrier late submittals).
In conclusion, it is important to understand the value that freight payment centers have as it relates to logistics. If you have any specific questions about freight payment centers reach out to us at sales@allynintl.com
About Allyn International
Allyn International provides high quality, customer centric services and solutions for the global marketplace. Allyn's core products include transportation management, logistics sourcing, freight forwarding, supply chain consulting, tax management and global trade compliance. Allyn clients range from small local businesses to Fortune 500 firms. Allyn conducts business in more than 20 languages and has extensive experience in both developed and emerging markets. Highly trained experts are positioned throughout North and South America, Europe and Asia. Allyn’s regional headquarters are strategically located in Fort Myers, Florida, U.S.A., Shanghai, P.R. China, Prague, Czech Republic, and Dubai, U.A.E. For more information, visit www.allynintl.com.