HighJump Software has released Billing Management, a platform it says is designed to improve billing accuracy and capture charges on a client-by-client basis for providers of logistics and other services.
Billing Management gives companies full visibility into actual costs with comparisons to what was invoiced. This, says HighJump, replaces the practice of spreading client costs evenly across all accounts, which can result in an oversimplified and incorrect analysis. Client-level costing data enables accurate labor costs, as well as profit and loss analyses and reporting. The solution also supports complex contractual requirements that often exist between a logistics service provider and its clients, including billing based on material handling transactions, storage capacity utilization, and client-specific billing requirements.
Billing Management creates a single billing platform for all systems. This is possible by accepting data imports from other applications, such as those for transportation management, time and attendance and parcel manifesting. Billing Management also integrates with HighJump's Warehouse Advantage and many other warehouse management systems, and can automatically generate the appropriate charges based on warehouse activity.
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