Freight Bill Processing Automation

Overview

An AI-powered solution that streamlines freight bill verification by automating the extraction, validation, and reconciliation of billing data, reducing manual effort and accelerating the payment cycle while ensuring accuracy across high volumes of freight invoices.

Problem

Manual freight bill processing is labour-intensive and error-prone, with staff spending hours cross-checking rates, charges, and shipment details
High error rates in manual verification lead to overpayments or billing disputes
Delayed processing causes late payments, straining carrier relationships
Limited visibility into billing patterns and trends due to manual processes
Significant costs associated with hiring and training staff for bill processing

Solution

The AI-driven freight bill automation platform:

Automatically extracts data from various bill formats using OCR and machine learning
Validates charges against contracted rates and business rules
Matches bills with proof of delivery and purchase orders
Flags discrepancies for review based on customizable thresholds
Provides analytical insights into spending patterns and carrier performance
Integrates with existing TMS and accounting systems