Due to the high cost and complexity of managing freight invoices, processing and payment is one of the most commonly outsourced AP functions.
Freight expense accounting enhances your existing accounting automation initiatives and reduces the administrative burden while increasing the availability of data.
Process improvements include:
Cass freight payment solutions meet the needs of transportation, finance, and accounting. Cass is the expert for meeting the freight accounting needs of highly complex organizations.
Our commitments regarding freight accounting are strong:
Cass automates the cost allocation process of freight expense reporting to meet the complicated requirements of some of the world’s largest shippers.
Using our automated system, we integrate data from a number of sources, such as invoices and supporting documents, client shipment files, and third parties, to build a powerful database that allows cost allocations at a granular level.
We provide full integration with your ERP or accounting software to minimize ongoing resource requirements for assimilating freight accounting data into your current accounting system(s).
The Cass Ratemaker®application contains a database of information about your carriers, freight contracts, and corresponding rates. When you provide a shipment file to Cass – containing information such as carrier, weight, origin, destination, and other key data – the rating system makes mileage and other calculations and provides a total expected cost for that shipment.
Until an invoice is received for the incurred expense, this rated shipment record forms your freight accrual. When an invoice is received, additional information – such as charges for unplanned expenses – may cause the shipment cost to change. In this case, the final shipment cost serves as the accrual amount.
See why TMS systems tend to fail at managing complex invoice processes
See our six best practices for maximizing savings and data capture through the freight payment process.
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