You require data visibility beyond the invoice received from a carrier. Having the right visibility allows you to leverage internal data for enhanced parcel audit, GL coding and financial controls. Transportation management executives need complete visibility to all transportation expenses, whether they’ve been invoiced and paid, invoiced and processing or shipped but not yet invoiced. Understanding what the actual financial exposure is during a reporting period is paramount to accurately reporting on transportation expenses, from shipping bills to freight claims. .
enVista’s financial compliance and visibility solution, myShipINFO® gives you accurate month-end accrual and close processes, accurate GL coding, enhanced exception management, financial controls and vendor compliance reporting. This is accomplished based on your specific transportation spend calendar, allowing for a solution and dataset that is specific to you.