Factor Freight Invoice Management
Factor Freight Solutions’ invoice management platform, PoochPay, powers our freight invoice audit process and streamlines your freight invoice processing.
Our historical invoice audit strategy identifies overcharges and uncontracted rates giving you the confidence to chase down credits, conduct freight tenders and re-evaluate your transport management strategy.
How it’s done:
PoochPay handles your invoice processing from receipt through to payment and then outputs that data into powerful dashboards that can be customised for your individual needs.
The Extract, Load and Transform algorithm that powers PoochPay can unpack, process and validate the most complex invoices against the most detailed rate cards in a variety of formats including .PDF, .DOC, .XLS and .CSV.
You provide us with your shipping data and we consolidate all of it into one convenient database. Using our own specially designed software, we comb through your shipping data, find issues that are costing you time and money and fix those issues for you.
We regularly save business in excess of 10% on their bottom line by:
- Identifying regularly occurring billing errors.
- Pinpointing duplicate charges or bills for non-existent transactions.
- Consolidating your invoices into a database for easier analysis and reporting.
- Providing you with an array of interactive dashboards that highlight issues and opportunities for cost reductions.
- Matching shipment weights and dimensions for consistent accuracy.
- Targeting internal errors such as incorrect service and/or carrier selection.
- Performing cost allocation during the validation process.
Automate your Freight Invoice Processing with PoochPay.
PoochPay streamlines your Accounts Payable process by accelerating data capture, validation and payment steps. PoochPay helps to cut administration costs saving up to 5 days per month in labour and facilitates easy recovery of overcharges and credits.
Capturing your invoice data at transactional level powers dashboards that offer enhanced transparency and visibility across the supply chain in real time to measure KPI’s, power effective freight strategy reviews and provide the data needs for freight tenders.
We regularly find up to 25% of transactions do not match the agreed upon contract rates. In most situations the cost paid is higher than the agreed rate due to a litany of factors.
With PoochPay you can:
- Streamline difficult and tedious administration processes.
- Identify incorrect transactions prior to payment.
- Upload invoices in a format that is compatible with most accounts payable systems.
- Eradicate overpayments.
- Pay carriers in accordance with the contracts you’ve signed with them.
- Cost-code transactions accurately and consistently.
- Have a controlled and transparent approval process
- Use correct charge weights and units consistently.