See How Total TSM℠ Really Works Across The Entire Transportation Spending Landscape.

SEE the big picture, SAVE big money and painstakingly CONTROL multi-modal transportation spending.

Give your logistics, finance and procurement teams the visibility and quality data they need to control transportation spend while maintaining strong relationships with stakeholders and suppliers throughout the network.

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Transportation Audit & Compliance From Veraction:

Reviewing contract and routing compliance as well as managing and validating claims across global, multi-modal transactions isn’t an either/or proposition and requires strong auditing experience to realize measurable savings.

Global, Multi-modal Contract Audit

  • Establish Global Pricing Rules To Audit All Transportation Modes
    Using a combination of modal-specific rating rules, Veraction’s team will review and convert carrier contracts into a set of pricing rules that enable a complete audit for base rates, fuel surcharges, and other accessorial charges.

  • Reduce Balance Dues & Rebills with Duplicate Invoice & Shipment Validation
    Duplicate detection is an important audit step in the invoice process. Duplication of invoice numbers, shipment identifiers, and bills of lading (BOL) are all aspects of a comprehensive duplicate validation process. Unique invoice & shipment validation oversight can reduce balance dues and rebills.

  • Verify Legitimate Charge Rates and Claims with Charge Validation
    Validating the rate of a charge is critical; but so is determining whether the charge itself should have been assessed. Using various validation methods and depending on the data available, Veraction will verify residential surcharges, weekend charges, oversize/dim charges, and other accessorial charges passed in the carrier invoice.

Business Rule Driven Compliance

  • Gain Insight by Validating Shipment Routing
    Ensuring routing compliance, especially for inbound shipping activity from suppliers, is an important component of transportation spend management. Using flexible business rules, Veraction can setup up routing rules that validate proper carriers and/or services are used for all freight under management.

  • Customize Shipper-Defined Reviewable Exceptions via Invoice Amount/Weight Tolerance
    Veraction’s business rule management system enforces various shipper-defined parameters that when executed, create reviewable exceptions that require approval for payment. This includes but is not limited to invoice amount not to exceed a set value by mode, weight limits by mode, and usage of premium services.

  • Create Approval Parameters to Define Shipment Ownership Validation & Exceptions
    Shipment ownership validation is performed using a match process, account number validation, origin/destination pair validation, or a combination of all of these methods. Shipments failing to meet the approved validation method are rejected and resolution is handled by our claims resolution process.

Claims Resolution

  • Resolve Claims Efficiently with Pre & Post Payment Invoice Claims Process
    While a robust, multi-modal audit is important, when claims are found, immediately working with your carriers and logistics service providers (LSPs) to resolve them quickly is critical. Veraction uses both a pre and post payment approach based on specific carrier and/or regional requirements.

  • Formalize Carrier Claim Acknowledgements to Reduce Balance Dues & Re-bill Charges
    Using a proven methodology, Veraction will work with your carriers and LSPs to provide detailed information about potential claims and ask for confirmed acknowledgement and acceptance. This formal process ensures balance dues and re-billed charges are reduced.

  • Think Globally, Act Locally With Dispute Resolution by Regional Industry Experts
    Veraction’s industry and modal auditors ensure disputes are resolved in a timely manner. Hands-on audit oversight maximizes our success at dispute resolution and typically reduces errors over time. Our modal auditors are regionally located to deal with nuances within each mode and within each region of the world.

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As an integral part of the Total TSM℠ solution, Transportation Audit and Compliance from Veraction delivers complete, multi-modal audits generating savings of up to ~4%, while reducing non-compliance for additional savings of ~2%.