By the time a transport invoice arrives, the decisions determining its cost were made long before. A shipment, a route, a carrier and an agreed rate.
Along the way though, things may change. Additional services are required, surcharges are applied or shipment details differ.
Eventually when the invoice arrives, checking it against agreed terms is only one part of the process – the cost ultimately also needs to be transferred into accounting.
For many transport buyers, managing the different steps of this process still means bringing together information from different systems, spreadsheets and manual checks.
How can transport buyers automate the process from freight invoice checking to accounting?
The Logivity service Cost Assist, formerly known as Invoice Matching, connects and automates the process from checking transport costs to preparing them for accounting – with minimal effort required from the customer.
Cost Assist connects transport, agreement and invoice data to automate cost validation and identify deviations. Instead of manually checking every invoice, teams can focus on what actually requires attention.
Validated cost information can then continue into accounting, structured according to specific accounting requirements. The result is a more reliable financial flow:
What happened → What should it cost → What were we charged → What should be accounted for?
How can validated transport cost data improve decision-making?
The value doesn't end when an invoice has been validated.
Structured and validated cost data provides a stronger basis for understanding transport spend, identifying patterns and deviations, and finding opportunities for improvement.
It also enables better collaboration across the organization and with partners, with discussions based on shared facts and figures.
That means less manual administration today – and better information for tomorrow's transport decisions. From automated cost validation to financial flows, Cost Assist supports the process from shipment to accounting.
Curious to learn more about Logivity Cost Assist?
- Check the Cost Assist service page
- Read the story about how Cycleurope benefits from automation and seamless integration
- Connect with us to book a demo
Author: Team Logivity
