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Softeon Unveils New Freight Audit and Payment System

Softeon has announced the availability of its new Freight Audit and Payment (FAP) system.

The application supports parcel, less-than-truckload and full-truckload shipments. It can rate and audit freight bills across several dozen attributes and accessorials, performing a three-way match of a company’s own shipment information, proof-of-delivery information and the carrier’s freight bill. Capabilities include revenue and cost allocation to the SKU level, shipment tracking and measurement of carrier billing and delivery performance, analytics such as detailed freight spend and volume analysis, and a revenue margin-management tool for third-party logistics providers, enabling them to control buy and sell costs for freight.

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