Freight is a Complex Payable
Simplify Complex Payables – Cass Manages Freight Invoice Complexity with Ease
A complex payable is any type of payable that cannot be managed effectively without specialized tools and processes.
Freight invoices, like other complex payables, are characterized by:
High complexity – Freight invoices contain multiple charge items and often multiple pages/documents. Charges are tied to complex contracts and vary invoice to invoice, making the auditing process especially difficult.
High error rate – Freight invoices are notorious for containing errors and overcharges.
High content value – The data contained in freight invoices can be extraordinarily valuable when converted to actionable business intelligence.
Requirements for specialized process – Managing freight bills requires highly specialized systems that can be configured to meet a company’s audit, accounting and business intelligence requirements.
These reasons explain why most large organizations outsource the process to a specialty provider and why many of them turn to Cass.