Flatworld helps 3PLs and 3PPs (third party logistics providers and third party payment providers) to manage, review, audit and disburse payment accurately and in a timely manner by providing outsourced data entry and transaction processing services online.
Outsourcing freight bill processing and payment saves time and expenses while reducing errors like duplicate billing, overcharges, incorrect freight rates, pending and disputed claims, and more.
Flatworld presents proven services that free your personnel to work on their core competence, while saving you thousands of dollars in freight bill processing.
With Flatworld's services, you can
1. Significantly reduce freight invoice processing costs caused by
Incorrect freight rates
2. Get customized management information and periodic reports, carrier usage information, accounting and accrual information. Make informed decisions with comprehensive reports and snapshots
3. Streamline cash management: make timely payments through Electronic Funds transfer
Outsource freight bill processing services
Flatworld follows a streamlined process to extract data from the bill of lading and create accurate freight invoices in prescribed formats, online. We match bills of lading to freight bills, then categorize and audit freight bills against rate contracts. This information is captured in the master database, quality checked and verified through our highly reliable pre-payment audit services. After validation, the invoices are cleared for payment. Our pre-payment audit saves you thousands of dollars by preventing overpayments (and lost revenue) due to inaccurate bills.
Outsource freight bill payment processing services
Flatworld enables third party payment providers (3PPs) to process invoices daily according to their schedules and payment cycles, mostly through electronic funds transfer. We offer a payment platform that delivers high volume, low cost transaction processing. We ensure 'just in time' payment to your carrier, so that your funds are managed optimally while payments are not delayed.
Our post-payment audit and rate analysis studies provide a systematic review of paid freight bills or vendor invoices. These studies of six months worth of freight bills yield highly revealing data that will help you negotiate better rate contracts, select the right carriers and optimize packages or routes. Our comprehensive reports will enable you to zero in on questionable bills that you may need to file for overcharge claims. We are so confident of our performance that we charge a percentage-based commission on the funds you actually recover as refunds from the carriers.