How thorough is your Freight Payment Handling and What intelligence are you able to gain from your Collective Freight Invoices?

Given the complexity of transportation invoices, it is critical to have one partner who can provide valuable insights. In today’s market, transport operators have all leverage and pushing rates, peak surcharges, and capacity limitation on vehicles or containers. All these elements can mitigate your transportation costing and finance operations. A strong Freight Payments System compliments your current transportation management across your service providers, prevents errors, and reduces controllable expenses.

How exactly does Hypercollider Transportation Management System Handle your Freight Payment Process for your business? Let us give you a basic understanding of our solution.

Hypercollider is made for handling freight transportation and related operations, which includes the most important part – freight payment handling across modes and services. While dealing with multiple transport operators, the shipper receives transport invoices against the negotiated rate. The shipper goes through the invoices, finds surcharges and extra tariff, renegotiate the final invoice payments and approve the charges for the payment release.

Given the volume of the shipments and numbers of providers shippers work with, the ability to receive an invoice electronically definitely is an important capability. For every shipment, a separate payment management function validates the invoices with the reference shipments against previously agreed rates through the bidding process. An attached payment summary page provides details of the base amount, discount, service tax, associates surcharges, and addon services cost. Our system provides systematic alerts during each update. It also ensures that duplicate charges are not processed.

Automating Shipment Challan and invoice creation functions are the core services built-in Transport Operator’s Mobile Application (Hyperprovider) Which compliments the shippers in dealing transport business with each transport operator.

Hypercollider systematically allocates transportation charges based on financial rules established in India. Each invoice is processed in our system based on the terms with each transport operator, so until Carrier delivers the cargo or completes the job, the customer can not release the payment.

Based on the payment terms decided for each shipment we also offer disbursement of payment through different modes of payments like online, offline, and cheque. Shipper also can make an advance against the service booked with the transporter.

Freight Payment Handling is a laborious task and requires auditing invoices and payment release to hundreds of transport operators on a weekly/monthly basis. But through Hypercollider, Shippers keeps the control in one place to manage the payment process. It will streamline your financial process and provides insights into your budget spent on transportation, cost drivers, and optimization opportunities.