Tired of freight invoice discrepancies that cost you time and money? Sheer Logistics makes sure your freight bills are on time and accurate.
Instead of bogging down your finance team, carriers will submit your freight invoices to Sheer’s invoice processing department. Leveraging SheerExchange, we can receive invoices from thousands of carriers in virtually any format; Mail, e-mail, EDI, or API.
Upon entry into our system, each invoice undergoes a series of standard validations and customer-defined business rules to ensure accuracy and compliance. These validations include checks for duplicate invoices, presence of required data, and other safeguards to protect our customers and facilitate seamless processing. Simultaneously, the software applies customer-specific business rules, empowering clients to tailor actions based on invoice data. For instance, customers can opt to review invoices exceeding certain thresholds or containing specific product-country combinations. By enabling seamless integration and automation of business logic, we empower customers to customize and optimize their freight bill audit process effortlessly.
All invoices are processed through Sheer’s robust rating engine to ensure the billed amount matches the agreed upon rate stored in the TMS. Customizable tolerance thresholds can be implemented to ensure we address high-variance invoicing errors. We’ll also check for all possible overcharges including:
Once invoices pass through the audit and verification stages, they are approved for payment. Payments may be scheduled according to predetermined terms or as per negotiated agreements with carriers, but you can rest assured that all invoices are paid on time and in full.
Sheer’s custom dashboards and reporting tools provide insights into freight spending, carrier performance, and billing trends. Sheer’s middleware, SheerExchange, enables access to multiple data sources, including ERPs, WMS, TMS and more. This data helps identify cost-saving opportunities, optimize transportation strategies, and improve overall supply chain efficiency.
When discrepancies are found, they need to be remediated. This solves the current issue, but each error can be an indication of a deeper problem. When we do freight audits, variances in freight charges can be found in some key areas:
Shipper inaccuracy – No matter how automated your supply chain processes are, there is always a human element, and without proper checks, shippers can make mistakes.
Detention – These are penalty fees carriers charge when the shipper delays pick up beyond an allotted time frame.
Accessorial charges – These are fees charged when a carrier performs freight services beyond normal pickup and delivery.
The Sheer TMS is core to our Managed Transportation Services offering. It’s your ultimate solution for efficient, cost-effective, and streamlined transportation management. From Planning to reporting and insights, the Sheer TMS is an end-to-end solution that provides a full suite of tools for bringing order to your unique supply chain. Check out this brief overview, and if you are ready to leave emails, spreadsheets and underpowered TMS behind, contact us for a demo.
Our mission is to build trust, use our brainpower for the best interests of every customer, and always deliver extraordinary results. Let’s Think Logistically.
