Optimize your freight invoice processing with TLI’s myFreightAudit, offering in-depth audits, ERP integration, and automated GL coding.
What is Freight Invoice Processing?
Freight invoice processing verifies each shipping charge, ensuring accuracy and adherence to original agreements. TLI’s myFreightAudit makes this process straightforward. We capture contracted rates, audit invoices, and empower shippers to control costs and avoid unexpected charges.
Streamlined Rate Capture for Accurate Audits
Every freight invoice process starts with precise rate capture. For contracted shipments, we secure these rates upfront, setting a clear benchmark. For spot loads, we store the agreed rate in our cloud-based TMS system right when quoted. By capturing these figures early, we establish a baseline to compare against carrier invoices, ensuring shippers only pay agreed-upon rates.
Real-Time Auditing to Match Carrier Charges
Once shipments are complete, TLI’s myFreightAudit audits each invoice against the carrier’s promises. This process ensures accuracy and transparency, whether through penny-specific audits or an approved variance for minor changes like fuel surcharges. Shippers gain clarity, knowing they’re billed precisely what they were promised.
Accessorials, or additional charges, can also drive up shipping costs. At TLI, we simplify accessorials by contracting them at the start whenever possible. Our audit checks each charge against initial agreements, preventing any unplanned fees. This approach controls expenses and removes unwanted surprises.
Easy Access to Invoices Through TLI’s TMS System
With TLI’s advanced TMS system, shippers can access invoices, shipment records, and financial reports all in one place. Our system makes it easy to view, analyze, and approve charges. This system provides visibility and control to enable shipment billing management. Additionally, we offer enhanced tools like accrual reporting and automated general ledger (GL) coding for shippers who want detailed financial tracking.
Simplify Financial Tracking with Dynamic Rule Sets & Automated GL Coding
Our automated GL coding option simplifies accounting by categorizing charges based on shipment details. GL coding reduces the manual work involved in sorting invoices and helps finance teams see how freight expenses fit into overall budgets. This service also integrates with TLI’s dynamic rule sets for a streamlined financial workflow that minimizes errors.
TLI also builds custom Dynamic Rule Sets (DRS), when requested, to automate the audit process according to each shipper’s standards. These DRS ensure every invoice is checked against unique requirements, such as penny-precision audits or variance allowances. This customization keeps audits efficient and aligns with each shipper’s financial goals.
Does your shipping solution integrate into my ERP?
For companies relying on ERP systems, TLI offers smooth ERP integration. With our TMS linked directly to your ERP, data flows effortlessly between platforms. This integration improves visibility and makes it easy to sync invoice processing with your overall business operations, so you gain end-to-end oversight of freight expenses.
With TLI’s myFreightAudit, you gain more than just invoice processing—you get streamlined audits, automated GL coding, and ERP integration. This service empowers shippers to control freight costs, improve efficiency, and focus on core operations. Partner with TLI today for freight invoice processing that truly simplifies your logistics!