Benefits of TCR’s Freight Payment Services
Don’t Gamble – Choose a Leader
Leaving your logistics & freight audits up the the carrier’s billing systems is akin to playing Russian roulette with your profitability. TCR’s freight payment services provide corporations an outsourced method to reduce and control their transportation expenses.
TCR Features & Functions:
- Global, Single-Source Freight Payment Solution.
- Processing and Reporting of International taxes such as VAT and GST.
- On-demand closings.
- Document Imaging of all Invoices.
- Extensive Data Capture (Over 120 data elements).
- Complex General Ledger Account Allocation.
- Accurate Accrual Reporting.
- Allocation of Freight Charges at Product Level.
- Unsurpassed Financial Stability.
- Positive Return on Investment.
- On-line Resolution for Customer and Carrier Exceptions.
- Multi-Currency Payment Options.
- Non-commingled Payments.
Reduced Processing Expenses
Freight invoice processing is one of the most time consuming, expensive and confusing of the payables process. With TCR performing the payment and reporting function you can significantly reduce these expenses. How much does it cost to pay a freight bill? By using a qualified freight payment provider’s advanced logistics & freight audit technology and proprietary freight auditing software, methods & systems, you will give your company the freedom and flexibility of managing your traffic department how you want, when you want. Complicated supply chains layouts and the necessity of focusing resources on your primary business tasks often call for full outsourcing of core freight management functions.
Reduction of Overcharges
TCR’s freight payment service provides protection against duplicate billings and incorrect freight rates. It’s simple to start saving today on the entire freight budget for your organization with TCR’s services.
Improved Business Intelligence
The customized information system provided by TCR can further reduce your transportation expense by 10% to 15%. TCR provides carrier usage information, customer and traffic lane information, as well as accounting and accrual information. Your reports and data will be available over the Internet via our TCR’s website secure Log In.
TCR processes invoices daily and cycle freight payments to your carriers according to your company’s schedule. Most payments are issued via Electronic Funds transfer. Our processing cycle ensures timely payment to your carriers making sure that payments are not made too early, or past subscribed payment terms.