Capture, cleanse, enrich and retain transportation data from both customers and carriers.
Multi-mode audit to ensure contract and routing compliance as well as manage claims.
Allocate your costs and activity down to the business unit, geography, or even SKU level.
Pay to terms, precisely monitor and manage accruals, and facilitate disbursements globally.
Transportation Data Management From Veraction:
A churning ocean of mission-critical data lies at the heart of global, multi-modal freight audit and payment. To cost-effectively navigate these waters from traditional freight audit to transportation spend management, robust data governance and enrichment at the start of the process is critical. The result is clean and actionable data to better control your spending.
Data Capture & Integration
Electronic Data Integration (EDI), Electronic Flat File or Paper – we can Integrate with Carriers/Logistics Service Providers (LSP’s)
Regardless of the data source and format, Veraction’s data integration hub ensures a seamless interface with various supply chain partners using formal EDI standards, custom electronic interfaces or even paper.
Seamlessly Integrate with Enterprise Resource Planning (ERP), Transportation & Warehouse Management Systems & Other Platforms
To properly capture all of the necessary data to meet audit, compliance, and business intelligence (BI) requirements, Veraction will integrate with the various execution platforms typically used in the supply chain.
Retain, View and Share Critical Invoice Information
Whether electronic or paper, Veraction makes invoice documentation accessible and retrievable online via an intuitive customer portal.
Improve Audit Effectiveness & Enhance Spend Intelligence
Veraction’s dynamic data dictionary enforces customer data standards regardless of the data source or format. This approach improves audit effectiveness, reduces exceptions and enables robust transportation spend intelligence.
Reduce Exceptions and Increase Compliance Dedicated Data Governance
Veraction’s Data Governance approach ensures a thorough review of all source files and contracts to validate that a successful three-way match can be achieved with minimal exceptions.
Improve Data Quality through Collaborative Management of Carriers/Logistics Service Providers (LSP’s)
Veraction will work with your carriers/LSP’s to provide proper content based on the mutually agreed upon data requirements for all modes of transportation. Immediate exception responses improve compliance and result in overall improved data quality.
Data Cleansing & Enrichment
Improve Audit Effectiveness by Enforcing Data Elements – Services, Events, and Charges
To ensure a proper match between invoice and contract, Veraction’s data governance team will work with your carriers/LSPs to provide discrete service, charge, and event codes that match contract pricing rules. This process improves audit effectiveness and overall data quality.
Enhance Business Intelligence via Data Normalization
All services, charge codes, and events are mapped into common categories that enable downstream processes to remain carrier agnostic. Normalization of codes also enhances Business Intelligence by providing cross-carrier analysis and standard reporting.
Enrich Data Where Necessary with Distance, CO2, Channel & Other Extensions
Veraction’s data management strategy provides data extensions to augment what is available in source files. Extensions include, but are not limited to, distance of shipment, CO2 associated with the mode of transport, distribution channel, and shipment direction (inbound/outbound).