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FreightMatrix Transportation Execution is designed to support the activities necessary to execute, manage, and monitor the entire transportation execution lifecycle. The solution is designed to use three-dimensional analysis to build loads that honor operational and physical constraints, leveraging sophisticated solving techniques to create optimized shipment plans. Transportation Execution can enable proactive monitoring and intelligent exception management providing visibility across shippers, carriers, vendors, and customers. The solution can also create sustainable value by synchronizing critical transportation execution processes that result in optimal cost and service performance.
By managing the entire transportation execution lifecycle, FreightMatrix Transportation Execution is designed to reduce processing costs, freeing resources that can be assigned to higher value added tasks; it also provides measurable improvements in customer service that can deliver significant revenue growth. The forward visibility provided can enable proactive planning for contingencies, resulting in fewer high-cost overtime runs or expedited shipments. Management by exception solves the problem of information overload as managers can focus on mission-critical issues. In addition, customer satisfaction can improve through accurate, updated delivery forecasts and access to real-time status reports.
FreightMatrix Transportation Execution capabilities include:
- Managing the entire transportation execution lifecycle
- Creating loads that maximize capacity utilization
- Creating least-cost shipment plans
- Proactive monitoring and intelligent exception management
FreightMatrix Transportation Financials
Companies that manage challenging freight networks must also be able to accurately capture and settle freight bills in a cost-effective manner. Furthermore, logistics service providers and large multi-division enterprises need the ability to track the freight charge to the end user separately from the payments made to carriers because it is often possible to have mixed freight from different divisions or customers on one truck. Finally, it is important to be able to handle both match-pay freight audit processes as well as auto-pay or self-invoicing processes depending on the contractual relationships with each particular carrier. i2 Transportation Manager is designed to address these requirements.
To support the demanding freight financial requirements of both logistics service providers and large shipper enterprises, i2 Transportation Manager is designed to provide an easy-to-use freight financials capability. Within i2 Transportation Manager, customers can manage multiple variations of tariffs for their carriers (A/P costs) as well as separate but related tariffs for the consumers of transportation services (A/R revenues). This solution also can support industry-standard processes for cost allocations and freight audit. Finally, since the tool can track accurate costs, the solution can facilitate the automated payment of carriers upon proof of delivery. This can eliminate the need for a match-pay process, dramatically streamlining freight financial administration resulting in bottom-line cost reductions and margin improvement.
FreightMatrix Transportation Financials Benefits:
- Provide rate quote and tariff management of customer (A/R) pricing
- Capture and use accurate carrier tariffs (A/P) for optimization and carrier selection
- Provide multiple methods of cost allocations for commingled freight
- Track actual margin by customer, carrier, or load
- Enable freight audit based on match pay and facilitate auto pay or self-invoicing processes
- General Ledger Management- Chart of accounts set up as for cost allocations by requested client criteria (e.g. customer account, origin, destination, commodity, etc)
- Exception Management- Online access to review freight bill exceptions with the functionality to modify, reject or approve for payment processing.
Want to learn more? Contact Us at 1-877-373-4448, or contact your nearest i2 sales office.
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