Transwide Freight Bill Settlement Solution


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

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Transwide Freight Bill Settlement Solution

  1. 1. Transportation Contract Management & Freight Bill Settlement Solution twCost
  2. 2. 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 <ul><li>Extensions : </li></ul><ul><li>Ocean </li></ul><ul><li>Collect </li></ul><ul><li>Upload-Doc </li></ul><ul><li>GeoCode </li></ul>twTrace Carrier Selection twCost Contract Mgnt & Rate DB twData Contracts & Rates twConnect twControl Carriers Network twMatch twSelect twCall-Off
  3. 3. <ul><li>Freight Invoice Settlement and Contract Management </li></ul><ul><li>Proactive approach to freight invoice settlement </li></ul><ul><li>Multiple freight invoice settlement paradigms </li></ul><ul><ul><li>Pre-Invoice, Self-Invoice, Upload view & match </li></ul></ul><ul><li>Platform fosters communication & sharing w/ carriers </li></ul><ul><ul><li>Process to dynamically settle special charges / accessorial fees Contract details shared on-line </li></ul></ul><ul><ul><li>“ Collaborative” vs. “ Adversarial ” relationship </li></ul></ul><ul><li>Sophistication of twCost Engine </li></ul><ul><ul><li>Cost calculation base on combinations of 64 different data elements </li></ul></ul><ul><ul><ul><li>Transport Order / Load attributes </li></ul></ul></ul><ul><ul><ul><li>Item / Packing List attributes </li></ul></ul></ul><ul><li>Flexibility of twCost configuration tools </li></ul><ul><li>“On-Demand”, SaaS solution </li></ul><ul><ul><li>Rapid deployment </li></ul></ul><ul><ul><li>Rapid realization of ROI </li></ul></ul><ul><ul><li>Reduced Long-term Cost of Acquisition </li></ul></ul><ul><ul><ul><li>No capital or support costs for infrastructure </li></ul></ul></ul><ul><ul><ul><li>Minimization of services fees </li></ul></ul></ul>twCost : Best In Class Solution
  4. 4. twCost : Maximizing Transportation Spend Control <ul><li>Reduce Costs: </li></ul><ul><ul><li>Reduce processing costs per freight invoice </li></ul></ul><ul><ul><ul><li>Reduce time & costs of freight bill reconciliation </li></ul></ul></ul><ul><ul><ul><li>Reduce time & costs associated with freight bill disputes </li></ul></ul></ul><ul><ul><ul><li>Reduce time & cost of payment process </li></ul></ul></ul><ul><ul><li>Eliminate hidden costs and improper accessorial fees </li></ul></ul><ul><ul><li>Eliminate over-payments </li></ul></ul><ul><li>Increase Operational Efficiency: </li></ul><ul><ul><li>Reduce the time & resources it takes to process a freight invoice from receipt to payment </li></ul></ul><ul><ul><li>Automate & improve transportation spend control </li></ul></ul><ul><ul><li>Expedite communication & improve relationships with carriers through mutually beneficial collaboration </li></ul></ul><ul><ul><li>Simplify transportation budgeting & forecasting processes </li></ul></ul><ul><li>Increase Visibility: </li></ul><ul><ul><li>Centralize storage & management of global transportation contract, rate & invoice data </li></ul></ul><ul><ul><li>Increase availability of transportation spend data for analysis, and contract negotiation </li></ul></ul><ul><ul><li>Leverage carrier contract compliance & performance metrics for tactical planning & execution of shipments </li></ul></ul>
  5. 5. 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
  6. 6. 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
  7. 7. 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
  8. 8. 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
  9. 9. <ul><li>Global Presence </li></ul><ul><ul><li>Serving customers across 5 continents </li></ul></ul><ul><ul><li>Offices in US and EU </li></ul></ul><ul><ul><li>Multilingual helpdesk support </li></ul></ul><ul><li>Proven Solutions, Large Network </li></ul><ul><ul><li>Over 70,000 users & more than 8,000 carriers worldwide </li></ul></ul><ul><li>Independent, Carrier Neutral </li></ul><ul><ul><li>Strong financial backing from parent company Wolters Kluwer </li></ul></ul><ul><ul><li>Not connected or affiliated to any carrier or transportation agency </li></ul></ul><ul><li>On-Demand “ Pay as you go…only for what you need ” Solutions </li></ul><ul><ul><li>Modular </li></ul></ul><ul><ul><li>Quick deployment, Rapid ROI </li></ul></ul><ul><li>Pricing Model </li></ul><ul><ul><li>Flexible, Affordable Pricing Models </li></ul></ul><ul><ul><ul><li>Fixed or transactional fees based on modules & volume </li></ul></ul></ul><ul><ul><li>Carriers can communicate free of charge, via web-access </li></ul></ul><ul><li>Professional Services </li></ul><ul><ul><li>IT Integration; Project Management; Carrier on-boarding; User Training; Helpdesk </li></ul></ul>Transwide Added Value
  10. 10. For additional information Please call (973) 731-3802 Thank You