The Cass freight rating application, Ratemaker®, is a key tool used in the freight payment process for supporting invoice audits and freight accruals.
Ratemaker is used to rate tens of thousands of shipments each day for movements all over the world. Meeting the highest standards in freight rating, Ratemaker supports all modes, complex geographical and mileage exceptions, all currencies, all rate types and accessorial charges. Rating shipments is crucial for achieving accurate invoice audits.
When implementing a freight payment solution, the Cass account team assists the client in extracting rate information from its contracts and loading it into our rating engine to produce accurate rate tables. Rates must be precise and well maintained in order to facilitate an accurate audit. Cass leverages extensive expertise in understanding all transportation modes and billing terms, including Incoterms that will affect rating.
A comprehensive freight rating system is essential to maintaining tight cost controls. The goal in freight audit and payment is to automate processes as much as possible. Freight rating is key to achieving a high level of automation.
Cass clients inform Cass of their shipment activities electronically. Through secure system integration between the Cass freight payment system and the client’s transportation management systems, our clients transfer shipment files. Using Ratemaker®, Cass rates the cost of each shipment and creates a record within our freight payment system to later audit against received freight invoices.
Cass clients can easily accrue for logistical expenses that have been incurred but not yet paid. Cass provides accruals for:
The Cass freight audit and payment application reviews all invoices and distinguishes between paid and non-paid shipments, and generates accrual files for each client. These detailed files, customized to each client’s accounting rules, are delivered directly into the client’s ERP or accounting system.
