Freight Bill & Audit
Freight Bill & Audit is an Operational Tool used to address the Irregularities in logistics spend and gaps in budgeted vs actual freight Spend, discrepancy in maintaining daily tracker, improper Spend Analysis Reporting, auditing and Invoice clearance/verification. FBA Tool creates value by defining Standard Operating Procedure for all stakeholders, improving Average First Time Pass Ratio, Improving TAT for the processing of invoices, decision making through various business intelligence reports, database building helps in archiving invoices and mistakes, effectively manage suppliers performance and contractual obligations i.e. penalty in case of non-performance of KPI agreed, performance measurement i.e. agreed Transit Time Vs. Actual Transit Time, stimulation & forecast of freight cost for new freight rates, cash flow projections and accounting purpose.