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Transportation Contract Management & Freight Bill Settlement Solution twCost

Transwide Freight Bill Settlement Solution

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Page 1: Transwide Freight Bill Settlement Solution

Transportation Contract

Management & Freight Bill

Settlement Solution

twCost

Page 2: Transwide Freight Bill Settlement Solution

Modular Solutions Spanning the Transportation Modular Solutions Spanning the Transportation CycleCycle

twSlottwSlottwCosttwCost

PrePre & &

Self Self BillingBilling

LoadTender

KPIMeasure

DockScheduling Loading Shipment

Tracking UnloadingFreight

BillSettlement

Colla

bora

teM

onit

orCo

nne

ct

twSlottwSlot

twDoctwDoc

Extensions:• Ocean• Collect• Upload-Doc• GeoCode

twTracetwTrace

Carrier Selectio

n

twCosttwCostContractContract

MgntMgnt&&

Rate DBRate DB twDatatwData

Contracts

& Rates

twConnecttwConnect

twControltwControl

Carriers NetworkCarriers Network

twMatchtwMatch

twSelecttwSelect

twCall-OfftwCall-Off

Page 3: Transwide Freight Bill Settlement Solution

Freight Invoice Settlement and Contract Management Proactive approach to freight invoice settlement Multiple freight invoice settlement paradigms

—Pre-Invoice, Self-Invoice, Upload view & match Platform fosters communication & sharing w/ carriers

—Process to dynamically settle special charges / accessorial fees Contract details shared on-line

—“Collaborative” vs. “Adversarial” relationship Sophistication of twCost Engine

—Cost calculation base on combinations of 64 different data elements Transport Order / Load attributes Item / Packing List attributes

Flexibility of twCost configuration tools “On-Demand”, SaaS solution

—Rapid deployment—Rapid realization of ROI —Reduced Long-term Cost of Acquisition

No capital or support costs for infrastructure Minimization of services fees

twCosttwCost:: Best In Class SolutionBest In Class Solution

Page 4: Transwide Freight Bill Settlement Solution

twCosttwCost:: Maximizing Transportation Spend Maximizing Transportation Spend ControlControl

Reduce Costs:— Reduce processing costs per freight invoice

Reduce time & costs of freight bill reconciliation Reduce time & costs associated with freight bill disputes Reduce time & cost of payment process

— Eliminate hidden costs and improper accessorial fees— Eliminate over-payments

Increase Operational Efficiency: — Reduce the time & resources it takes to process a freight invoice from receipt to

payment— Automate & improve transportation spend control— Expedite communication & improve relationships with carriers through mutually

beneficial collaboration— Simplify transportation budgeting & forecasting processes

Increase Visibility: — Centralize storage & management of global transportation contract, rate & invoice data— Increase availability of transportation spend data for analysis, and contract negotiation— Leverage carrier contract compliance & performance metrics for tactical planning &

execution of shipments

Page 5: Transwide Freight Bill Settlement Solution

Negotiation &

Preparation

Freight Agreement

FreightCalculatio

nFreight

InvoicingFreight Bill

Reconciliation

Performance

Measurement

Manage Rates and Services

Manage Invoicing

Rules

Calculate Freight &

Accessorial Fees

ManagePre-

InvoiceControl Invoices

Allocate Transportati

on Costs

Monitor

Manage Contracts

Freight Payment ProcessFreight Payment Process

Share and Validate

Contracts w/ Carriers

twCosttwCost:: Contract Management & Freight Bill Contract Management & Freight Bill SettlementSettlement

Proc

urem

ent

Paym

ent

Acco

unti

ng

Page 6: Transwide Freight Bill Settlement Solution

twCost : Pre-Invoicing WorkflowPre-Invoicing WorkflowTPSShipper CarrierERP TWM TWA

Creation and assignment of a Load Tender Load Tender availability

The Shipper checks the add. costs and accepts/rejects them

Pre-invoice Validation

Paper invoice

Comparison of invoice vs. pre-invoice

Payment validation

Pre-Invoice Generation

Execution

Accounting

Load Tender Acceptance

The carrier adds the additional costs

TRANSWIDE

Page 7: Transwide Freight Bill Settlement Solution

TPSShipper CarrierERP TWM TWA

Creation and assignment of a Load Tender

Load Tender availability

The Shipper checks the add. costs and accepts/rejects them

Invoice Validation (optional)

Payment validation

Invoice Generation

Execution

Accounting

Load Tender Acceptance

The carrier adds the additional costs

Paper invoice

twCosttwCost:: Self-Billing WorkflowSelf-Billing WorkflowTRANSWIDE

Page 8: Transwide Freight Bill Settlement Solution

Cost Center Dispatch

Rules

Allocate Transport

Costs to Cost Centers

Invoicing Types & Rules

Pre-InvoiceCreation

Pre-Invoicing

Monitoring

Pre-Billing

Standard

Invoice Control

Self-Billing

Man

age

Rate

s Multi Mode

Calculate Cost of Base Services

FTL / LTL

Calculate Cost of Extra Services

Road Rail

Ocean

Air

Barge

Indexes

Duties & TaxesCurrencies

Logistic Zones

Routes / Lanes

Units of Measure

Contract Monitori

ng Manage & Attach

Documents

Manage Contractual

Data Between Parties

Rules

Base Services

Manage Services

Special Services

Contract Validatio

n Workflow

s

twCosttwCost: Functional Perspective: Functional Perspective

Cont

ract

M

anag

eme

nt

Car

rier

Co

nfigu

rat

ion

Freight Bill Settlem

entAccounti

ng Rate M

anagement

Page 9: Transwide Freight Bill Settlement Solution

Global Presence— Serving customers across 5 continents— Offices in US and EU— Multilingual helpdesk support

Proven Solutions, Large Network— Over 70,000 users & more than 8,000 carriers worldwide

Independent, Carrier Neutral— Strong financial backing from parent company Wolters Kluwer— Not connected or affiliated to any carrier or transportation agency

On-Demand “Pay as you go…only for what you need” Solutions— Modular— Quick deployment, Rapid ROI

Pricing Model— Flexible, Affordable Pricing Models

Fixed or transactional fees based on modules & volume— Carriers can communicate free of charge, via web-access

Professional Services— IT Integration; Project Management; Carrier on-boarding; User Training; Helpdesk

Transwide Added ValueTranswide Added Value

Page 10: Transwide Freight Bill Settlement Solution

For additional information

Please call (973) 731-3802

Thank You