Data2Logistics: Outsourcing Freight Audit and Pay Processing
Harold B. Friedman, SVP - Global Corporate Development
Freight payment systems are a required tool for shippers as they are needed to receive, process, and pay invoices. Freight payment service providers are the intermediary between the shippers and the carriers. Developing systems that regulate information flow between the shipper and its service providers reduces processing of paper bills. Data2Logistics captures, audits and gathers financial data with freight payment systems for making faster connections with the carriers and enables faster resolution of carrier overcharges. Analyzing the components of transportation cost at a granular level, Data2Logistics helps its customers realize the causes leading to excess freight expense.
“By providing a single source of information regardless of mode or geography, the needs and requirements of new age clients are supported through our totally integrated approach to transportation analytics,” says Harold B. Friedman, SVP Global Corporate Development, Data2Logistics. Data2Logistics manages the data to normalize the inconsistent presentations of information on carrier invoices for analytical purposes. Recognized as an information services organization; Data2Logistics provides timely, accurate and actionable information to its clients.
Expanding their global reach in 2004, Data2Logistics’ global services have taken pace. Freight invoice processing, professional services, custodial services, and information management are the utilities which constitute the company’s global services.
We provide services in
accordance with local customs
and depict information the
way clients want
Data2Logistics has been processing freight bills for over 5 decades. The billing process is performed on a single platform for all the markets – Asian, European, and American. Data2Logistics supports the audit and analysis of taxes such as VAT, The Golden Tax in Asia and Maut - a German road tax. “We provide services in accordance with local customs and depict information the way clients want,” mentions Friedman.
Positioned as a leader in the transportation logistics industry, Data2Logistics provides services for all modes of transportation. Data2Logistics brings uniqueness to the logistics technology sector with its suite of robust tools - Data2Resolve, Data2Connect, and Data2Inform. Data2Resolve enables their clients to resolve exceptions, modify data, and even adjusts payment amounts. The client can access Data2Connect to manage their rates and contracts and can also communicate with the Data2Logistics audit team through this portal. Based on IBM's Cognos BI suite, Data2Inform provides clients with advanced visualization and data analysis features.
“We find situations where shippers use premium services like early AM or Saturday delivery and when there is no one available to accept the package,” states Friedman. The package is redelivered during the business day and the expected value of premium service is not achieved. Data2Logistics identifies such conditions and advises customers on opportunities to create efficiencies and reduce costs to ensure effective movement from source to end user through their supply chain network.
Year after year, the transportation industry witnesses new technologies and services to keep up with their customers. Data2Logistics invests 7.5 percent of its annual revenue in technology each year to ensure that they maintain their leadership position in the industry. Data2Logistics believes strongly in a never ending process for continuous improvement and is working hard to integrate their operations with those of various carriers. “Our goal is to have carriers present a correct and conforming invoice the first time they submit a bill,” asserts Friedman.