Transwide Freight Bill Settlement Solution
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Transwide Freight Bill Settlement Solution

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An overview of Transwide TMS Freight Bill Settlement and Contract Management solutions

An overview of Transwide TMS Freight Bill Settlement and Contract Management solutions

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Transwide Freight Bill Settlement Solution Transwide Freight Bill Settlement Solution Presentation Transcript

  • Transportation Contract Management & Freight Bill Settlement Solution twCost
  • Modular Solutions Spanning the Transportation Cycle twSlot twCost Pre & Self Billing Load Tender KPI Measure Dock Scheduling Loading Shipment Tracking Unloading Freight Bill Settlement Collaborate Monitor Connect twSlot twDoc
    • Extensions :
    • Ocean
    • Collect
    • Upload-Doc
    • GeoCode
    twTrace Carrier Selection twCost Contract Mgnt & Rate DB twData Contracts & Rates twConnect twControl Carriers Network twMatch twSelect twCall-Off
    • Freight Invoice Settlement and Contract Management
    • Proactive approach to freight invoice settlement
    • Multiple freight invoice settlement paradigms
      • Pre-Invoice, Self-Invoice, Upload view & match
    • Platform fosters communication & sharing w/ carriers
      • Process to dynamically settle special charges / accessorial fees Contract details shared on-line
      • “ Collaborative” vs. “ Adversarial ” relationship
    • Sophistication of twCost Engine
      • Cost calculation base on combinations of 64 different data elements
        • Transport Order / Load attributes
        • Item / Packing List attributes
    • Flexibility of twCost configuration tools
    • “On-Demand”, SaaS solution
      • Rapid deployment
      • Rapid realization of ROI
      • Reduced Long-term Cost of Acquisition
        • No capital or support costs for infrastructure
        • Minimization of services fees
    twCost : Best In Class Solution
  • twCost : Maximizing Transportation Spend Control
    • Reduce Costs:
      • Reduce processing costs per freight invoice
        • Reduce time & costs of freight bill reconciliation
        • Reduce time & costs associated with freight bill disputes
        • Reduce time & cost of payment process
      • Eliminate hidden costs and improper accessorial fees
      • Eliminate over-payments
    • Increase Operational Efficiency:
      • Reduce the time & resources it takes to process a freight invoice from receipt to payment
      • Automate & improve transportation spend control
      • Expedite communication & improve relationships with carriers through mutually beneficial collaboration
      • Simplify transportation budgeting & forecasting processes
    • Increase Visibility:
      • Centralize storage & management of global transportation contract, rate & invoice data
      • Increase availability of transportation spend data for analysis, and contract negotiation
      • Leverage carrier contract compliance & performance metrics for tactical planning & execution of shipments
  • twCost : Contract Management & Freight Bill Settlement Negotiation & Preparation Freight Agreement Freight Calculation Freight Invoicing Freight Bill Reconciliation Performance Measurement Manage Rates and Services Manage Invoicing Rules Calculate Freight & Accessorial Fees Manage Pre-Invoice Control Invoices Allocate Transportation Costs Monitor Manage Contracts Freight Payment Process Share and Validate Contracts w/ Carriers Procurement Payment Accounting
  • twCost : Pre-Invoicing Workflow TPS Carrier ERP TWM TWA Creation and assignment of a Load Tender Load Tender availability The Shipper checks the add. costs and accepts/rejects them Pre-invoice Validation Paper invoice Comparison of invoice vs. pre-invoice Payment validation Pre-Invoice Generation Execution Accounting Load Tender Acceptance The carrier adds the additional costs TRANSWIDE Shipper
  • TPS Carrier ERP TWM TWA Creation and assignment of a Load Tender Load Tender availability The Shipper checks the add. costs and accepts/rejects them Invoice Validation (optional) Payment validation Invoice Generation Execution Accounting Load Tender Acceptance The carrier adds the additional costs Paper invoice twCost : Self-Billing Workflow TRANSWIDE Shipper
  • twCost : Functional Perspective Contract Management Carrier Configuration Freight Bill Settlement Accounting Rate Management Cost Center Dispatch Rules Allocate Transport Costs to Cost Centers Invoicing Types & Rules Pre-Invoice Creation Pre-Invoicing Monitoring Pre-Billing Standard Invoice Control Self-Billing Manage Rates Multi Mode Calculate Cost of Base Services FTL / LTL Calculate Cost of Extra Services Road Rail Ocean Air Barge Indexes Duties & Taxes Currencies Logistic Zones Routes / Lanes Units of Measure Contract Monitoring Manage & Attach Documents Manage Contractual Data Between Parties Rules Base Services Manage Services Special Services Contract Validation Workflows
    • Global Presence
      • Serving customers across 5 continents
      • Offices in US and EU
      • Multilingual helpdesk support
    • Proven Solutions, Large Network
      • Over 70,000 users & more than 8,000 carriers worldwide
    • Independent, Carrier Neutral
      • Strong financial backing from parent company Wolters Kluwer
      • Not connected or affiliated to any carrier or transportation agency
    • On-Demand “ Pay as you go…only for what you need ” Solutions
      • Modular
      • Quick deployment, Rapid ROI
    • Pricing Model
      • Flexible, Affordable Pricing Models
        • Fixed or transactional fees based on modules & volume
      • Carriers can communicate free of charge, via web-access
    • Professional Services
      • IT Integration; Project Management; Carrier on-boarding; User Training; Helpdesk
    Transwide Added Value
  • For additional information Please call (973) 731-3802 Thank You