Achieve growth, compliance, cost savings and disruption resilience with Trax’s tech enabled Global Freight Audit Solutions
Today's global supply chains face significant hurdles, including:
Critical decision-making is hampered by fragmented data systems.
Ensuring regulatory and operational compliance is becoming more costly and complex.
Basic logistics operations are burdened by rising costs and intricacies.
Trax is the global, digital leader in spend and compliance management solutions. We empower organizations with globally complex supply chains to have greater control and visibility in their supply chain giving them enterprise-wide efficiency, maturity, and value.
Limitations of Basic Freight Audit Capabilities:
Traditional Freight Audit | Trax Spend & Compliance Management |
---|---|
Limited in Scope (e.g. NA Parcel), limited regions, spot audit only | Global, all modes, all currencies, 100% invoice coverage |
Limited integration, limited cost allocation, limited data assets | ERP integration (SKU level cost allocation) |
Potential conflict of interest, severely limited ability to return | No conflict of interest, consistent annual ROI |
A traditional freight audit provider typically performs spot checks on invoices to ensure you’re not overpaying. However, many are limited in scope – focusing on only a single region, currency, or mode. This leads to shortcomings in data collection, normalization, and advanced analytics, especially on a global scale.
Relying on basic capabilities can lead to missed opportunities for significant cost savings, real-time market insights, efficiency gains, improved customer satisfaction, and resilience against disruptions. Additionally, insufficient data increases the risk of compliance violations.
To truly harness the power of your freight audit processes, global companies need value-generating benefits that extend beyond basic capabilities. This includes:
Trax manages spend across all modes of transportation and provides high-touch customer support with a local presence in all major geographies.
Trax is the only provider auditing 100% of transportation invoices, ensuring complete data capture across all regions and modes of transportation.
Tailored solutions and top-level support worldwide, leveraging local expertise and global resources.
Tailored solutions and top-level support worldwide, leveraging local expertise and global resources.
For global companies, there is only one truly global provider. Contact Trax today and see what you have to gain with global spend and compliance management.
Trax is the global, digital leader in spend and compliance management solutions. We empower organizations with globally complex supply chains to have greater control and visibility in their supply chain giving them enterprise-wide efficiency, maturity, and value.
Trax customers typically see average annual savings of 5-7% of their transportation spend. This also depends on factors including industry and global complexity. Get in touch to find out more.
A traditional freight audit provider performs invoice spot checks and then pays the freight bill. Trax audits 100% of invoices, ensuring cost savings and complete capture of transportation data. Trax leverages 25+ years of normalized data for advanced analytics and insights across your global supply chain.