Automated invoice and payment systems in shipping could wipe out billions of extra costs
A new white paper from Drewry claimed that as shipping costs are further squeezed more ...
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Shippers and forwarders alike could win significant cost savings through new technology to automate the auditing of freight payments and invoicing.
According to a new white paper published today, How Automated Payment Processes Will Cut Costs for Shippers and Forwarders and Create Healthier Relationships, as much as 70% of invoice processing costs are wrapped up in document handling, auditing and payment processes.
This drives the cost of invoice processing to $15-$50 per invoice, which could be almost eliminated by automating freight invoice auditing.
In some ...
Comment on this article
Neha Goyal
February 13, 2019 at 4:32 pmIs there any software available in the market to automate it ?
Alex Lennane
February 13, 2019 at 4:35 pmYes, I believe there are a few on the market. I would suggest contacting the author of the report, here https://swg.global//