AuditPay® is a Freight Bill Audit and Payment Solution
CT Logistics' AuditPay will ensure each of your shipments are audited and accurately paid
CT Logistics AuditPay will provide you with:
- A Complete Outsourced Solution: Customized client specific freight bill audit and payment performed with CT's FreitRater® software and monitored by CT's auditing experts.
- CT WebTools: Cutting-edge web tools that allow secure internet access to current and historical freight bill audit and payment data, resolution, reporting, processing data and image retrieval. Generate your own customized reports: Audit savings reports and management reports to fit your needs. Choose from standard reports, or produce ad hoc reports from our proprietary FreitRater®/PC report generator.
- Real-Time, 24/7, Freight Payment Inquiry: Check the in-house status of your freight bill audit and payment. Inquiries are listed by check or B/L number.
Freight bill audit and payment can transform your logistics management and back-office operations while having a direct effect on your bottom line.
Freight bills, domestic or international, can be complex with a range of diverse parameters:
- International Currency exchange rates
- Fuel surcharges
- War Risk adjustments
- Security Fees
- International Measurement Units
- INCO Terms
- Varying Cube / Dimensional factors
- Port Congestion Fees
- Local Taxes
- Overseas Demurrage / Detention
- Varying rating structures
- Export/Import Licensing
Outsourcing your Freight Bill Audit and Payment will uncover:
- Rating Errors
- Duplicate Billings
- Duplicate Shipments
- Additional Line Items
- Duplicate Supplementary Items
- Invoices for shipments not shipped/executed
- Unapproved Demurrage / Detention
- Currency Uplifting
Typically, clients save approximately 4% to 10% of their annual transportation and logistics expenditure.
Outsourced freight bill audit and payment benefits also include:
- Electronic billing receipt and carrier payment in all Worldwide / International currencies
- Online facility for carrier payment inquiries
- Customized technology, reporting and processes
CT Logistics’ FreitRater® software system with, OCR transaction technology, processes, rates, validates and pays all freight invoices.