Freight audit is the process of verifying the accuracy and validity of freight invoices and ensuring that shippers pay only for the services they receive. Freight audit can help shippers save money, improve efficiency, gain visibility, and optimize their transportation spend. However, freight audit can also be a complex, time-consuming, and error-prone task that requires specialized skills, tools, and expertise. That’s why many shippers choose to outsource their freight audit to professional freight audit companies that can handle the process for them.
Top 10 Freight Audit Companies
But how do you choose the best freight audit company for your needs? There are many factors to consider, such as the scope of services, the quality of data, the level of automation, the customer support, the pricing model, and the reputation of the company. To help you narrow down your options, we have compiled a list of the top 10 freight audit companies in the market today. These companies have proven track records of delivering high-quality freight audit services to their clients across various industries and regions. Here are our picks for the top 10 freight audit companies:
Trax Technologies
Trax Technologies is a leading provider of transportation spend management solutions that leverage advanced data science and cloud-based technology. Trax offers comprehensive freight audit and payment services that cover all modes, regions, currencies, and languages. Trax also provides powerful analytics and optimization tools that help shippers gain insights from their freight data and improve their transportation performance. Trax has over 25 years of experience in the freight audit industry and serves more than 300 clients worldwide.1
Intelligent Audit
Intelligent Audit is a global leader in freight audit and recovery services that specializes in parcel and small package shipments. Intelligent Audit uses proprietary technology and machine learning to identify billing errors, service failures, late deliveries, and other anomalies in freight invoices. Intelligent Audit also offers robust reporting and analytics capabilities that help shippers monitor their shipping costs, service levels, carrier performance, and contract compliance. Intelligent Audit has over 20 years of experience in the freight audit industry and serves more than 2,500 clients worldwide.
Orca
Orca is a premier provider of freight audit and payment services that focuses on delivering value-added solutions to its clients. Orca offers customized freight audit programs that match the specific needs and goals of each client. Orca also provides advanced analytics and consulting services that help shippers uncover cost-saving opportunities, optimize their transportation network, and enhance their supply chain visibility. Orca has over 15 years of experience in the freight audit industry and serves more than 200 clients worldwide.
nVision Global
nVision Global is a global provider of supply chain management solutions that include freight audit and payment services. nVision Global offers a comprehensive suite of freight audit services that cover all modes, regions, currencies, languages, and tax regulations. nVision Global also offers a state-of-the-art technology platform that enables shippers to access their freight data, reports, dashboards, and alerts anytime and anywhere. nVision Global has over 25 years of experience in the freight audit industry and serves more than 500 clients worldwide.
Green Mountain Technology
Green Mountain Technology is a strategic partner for parcel shippers that offers parcel spend management solutions that include freight audit and payment services. Green Mountain Technology uses a proprietary software platform that automates the freight audit process and identifies savings opportunities for parcel shippers. Green Mountain Technology also offers strategic consulting services that help parcel shippers optimize their carrier contracts, network design, service selection, and operational efficiency. Green Mountain Technology has over 20 years of experience in the parcel spend management industry and serves more than 100 clients worldwide.
U.S. Bank Freight Payment
U.S. Bank Freight Payment is a leading provider of freight payment solutions that leverages the financial strength and security of U.S. Bank. U.S. Bank Freight Payment offers a full range of freight payment services that include pre-audit, post-audit, payment processing, dispute resolution, tax compliance, currency conversion, and reporting. U.S. Bank Freight Payment also offers a web-based portal that allows shippers to access their freight data, invoices, payments, reports, and analytics online. U.S. Bank Freight Payment has over 20 years of experience in the freight payment industry and serves more than 300 clients worldwide
AFS Logistics
AFS Logistics is a leading provider of logistics solutions that include freight audit and payment services. AFS Logistics offers a flexible and scalable approach to freight audit that adapts to the changing needs of each client. AFS Logistics also offers a cloud-based platform that provides shippers with real-time visibility into their freight data, invoices, payments, reports, and analytics. AFS Logistics has over 40 years of experience in the logistics industry and serves more than 1,000 clients worldwide.
Ct Global Freight Audit
Ct Global Freight Audit is a global provider of freight audit and payment services that specializes in complex and high-volume freight transactions. Ct Global Freight Audit offers a customized and automated freight audit process that ensures accuracy, efficiency, and compliance. Ct Global Freight Audit also offers a user-friendly platform that provides shippers with access to their freight data, invoices, payments, reports, and analytics. Ct Global Freight Audit has over 15 years of experience in the freight audit industry and serves more than 100 clients worldwide.
Freight Management
Freight Management is a provider of logistics solutions that include freight audit and payment services. Freight Management offers a comprehensive and flexible freight audit program that covers all modes, regions, currencies, languages, and tax regulations. Freight Management also offers a web-based platform that provides shippers with access to their freight data, invoices, payments, reports, and analytics. Freight Management has over 40 years of experience in the logistics industry and serves more than 500 clients worldwide.
Cass Information Systems
Cass Information Systems is a provider of payment and information services that include freight audit and payment services. Cass Information Systems offers a rigorous and reliable freight audit process that verifies the accuracy and validity of freight invoices. Cass Information Systems also offers a sophisticated technology platform that provides shippers with access to their freight data, invoices, payments, reports, and analytics. Cass Information Systems has over 60 years of experience in the payment and information industry and serves more than 400 clients worldwide.
Conclusion
Freight audit is an essential process for shippers who want to control their transportation costs, improve their efficiency, gain visibility, and optimize their transportation spend. However, freight audit can also be a challenging task that requires specialized skills, tools, and expertise. That’s why many shippers choose to outsource their freight audit to professional freight audit companies that can handle the process for them.
Choosing the best freight audit company for your needs can be a difficult decision, as there are many factors to consider. To help you make an informed choice, we have compiled a list of the top 10 freight audit companies in the market today. These companies have proven track records of delivering high-quality freight audit services to their clients across various industries and regions.
We hope this article has given you some useful information and insights on how to choose the best freight audit company for your needs. If you have any questions or comments, please feel free to contact us.
Most Asked Questions and Answers
Q: What is freight audit?
A: Freight audit is the process of verifying the accuracy and validity of freight invoices and ensuring that shippers pay only for the services they receive.
Q: What are the benefits of freight audit?
A: Freight audit can help shippers save money, improve efficiency, gain visibility, and optimize their transportation spend.
Q: What are the challenges of freight audit?
A: Freight audit can be a complex, time-consuming, and error-prone task that requires specialized skills, tools, and expertise.
Q: What are the types of freight audit?
A: There are three types of freight audit: in-house manual audits, freight invoice audit software, and outsourced audits.
Q: What are the factors to consider when choosing a freight audit company?
A: Some of the factors to consider when choosing a freight audit company are: the scope of services, the quality of data, the level of automation, the customer support, the pricing model, and the reputation of the company.
Q: What are some of the best practices for freight audit?
A: Some of the best practices for freight audit are: collecting and logging invoices regularly, categorizing expenses by vendor and date range, determining benchmarks and rate tolerances, identifying errors and discrepancies, resolving disputes with carriers, paying invoices on time, and analyzing data for insights and optimization.
Q: How can I measure the performance of my freight audit company?
A: You can measure the performance of your freight audit company by using metrics such as: cost savings, cost avoidance, accuracy rate, recovery rate, turnaround time, customer satisfaction, and return on investment.
Q: How can I improve my relationship with my freight audit company?
A: You can improve your relationship with your freight audit company by: communicating your needs and expectations clearly, providing feedback regularly, sharing relevant information timely, collaborating on problem-solving, and recognizing their achievements.
Q: How can I leverage my freight data for strategic decision-making?
A: You can leverage your freight data for strategic decision-making by using analytics tools that can help you: monitor your shipping costs, service levels, carrier performance, and contract compliance; benchmark your performance against industry standards; identify cost-saving opportunities; optimize your transportation network; and enhance your supply chain visibility.
Q: How can I keep up with the latest trends and innovations in freight audit?
A: You can keep up with the latest trends and innovations in freight audit by following industry publications, blogs, podcasts, webinars, and events; joining professional associations, networks
