REAL-TIME FREIGHT INVOICE PROCESSING
A collaborative platform that integrates data between multiple parties and their systems, KNNX Freight executes a Perfect Freight Invoice that provides significant increases in efficiencies, cost savings and risk mitigation.
The Current Challenge
Retailers are continuously challenged with meeting consumer demand, and competitive pressures mean getting products on the shelves as cost-effectively as possible.
The continued increase in complexity and volume of shipment data is aggravated by multiple siloed systems, unintegrated processes, and poor auditing services.
This results in tremendous manual effort needed to reconcile invoice & payment information leaving organizations exposed to hidden costs, risk and compliance challenges.
Our Solution
KNNX has developed the Transportation Industry’s first real-time invoice processing software solution.
Shippers and carriers can now collaborate more effectively with the result being the Perfect Freight Invoice.
Zero Follow Up Needed
With invoice collaboration pre-shipment and during shipment, disputes are resolved remotely and proactively, eliminating the need for emails and
phone calls
Improved Financial Precision
By automatically validating the final invoice as 100% accurate, G/L coding, accruals and reporting is greatly improved
No More Freight Audits
With invoices 100% accurate at proof of delivery, KNNX eliminates the need for post-delivery dispute resolution.
Carriers are paid accurately; on time. The result is a better level of service with more consistent deliveries.
Streamlined Invoice & Payment
Via the Perfect Freight Invoice
Are You Challenged With
Matching line haul rates and fuel rates prior to shipment?
Extensive accessorials leading to disputes and discrepancies?
Applying tolerance or thresholds to the invoice so that you can pay carriers on time?
GL coding, accruals and other financial records that are inaccurate?
Wasted time reconciling the invoice and payment process?
Eliminate your Supply Chain challenges today
Organizations in the KNNX network
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Invoices Processed
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Average Cost Savings
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Invoice Accuracy at Delivery
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What is a Perfect Freight Invoice
1
An electronic document for accurate billing of freight carriage, that is defined by a Smart Freight Contract, created from individual Bills of Lading (BOL).
2
Automated business rules allow comparison against contracted rates, where:
Freight invoices are modified and updated in real-time during shipment with any accessorial charges.
Upon delivery of the shipment a complete, 100% accurate “Perfect Freight Invoice” is immediately available.
Perfect Freight Invoice is a truly re-engineered process which is now shared
Measurable Results for Everyone
Shippers
100% ACCURATE INVOICES BASED ON CONTRACTS
FOCUS TEAM ON VALUE ADDED ACTIVITIES
NO MORE COSTLY AUDITS REQUIRED
CARRIER RELATIONSHIPS ENHANCED
SAVINGS OF 10% TO 15% OF FREIGHT SPEND
ELIMINATE RISK OF DATA MANIPULATION
ACCURATE G/L CODING AND ACCRUALS
IMPLEMENT QUICK PAY DISCOUNTS
Carriers
PAID ON TIME EVERY TIME
STOP DISPUTE EMAILS, CALLS & AUDITS
ELIMINATES NEED FOR AP FACTORING
IMPROVED CUSTOMER SATISFACTION
REDUCED ADMINISTRATION COSTS
ENSURE RECEIVABLES ARE ACCURATE
PAYMENTS ARE ACCURATE
IMPROVE CASH FLOW
Your Freight Operations Are Running.
But Are They Working for You?
KNNX connects shippers and carriers with real-time data, seamless invoicing, and 100% accuracy.
| Features | KNNX | Traditional FAP |
|---|---|---|
| Full visibility to agreed upon rates for both Shipper & Carrier | ✓ | ✕ |
| Full visibility to business rules on how invoices are calculated | ✓ | ✕ |
| Same business rules agreed by Shipper & Carrier used for every invoice | ✓ | ✕ |
| Real-time tender & invoice updates on both Shipper & Carrier systems | ✓ | ✕ |
| Real-time visibility and notifications via IoT, GPS, API, EDI, Portal | ✓ | ✕ |
| Collaborative environment to identify accessorials and resolve disputes in real time | ✓ | ✕ |
| Service levels for every shipment monitored and confirmed | ✓ | ✕ |
| Supply Chain Finance / Early Payment Discounts | ✓ | ✕ |
| Payments made on time that are 100% accurate | Immediately | Hours/Days/Weeks |
| Enhanced trust and relationships between shippers and carriers | ✓ | ✕ |
| Improved financial precision with G/L and accurate accruals at month-end | ✓ | ✕ |
| Self-service reports, dashboards, analytics, and data insights | ✓ | Some |
| Charge recovery fee to customers (10% to 25%+) | ✕ | ✓ |
| Easy to extend visibility to Ecommerce, Parcel, Last Mile, Imports, etc. | ✓ | ✕ |
| Monitor & manage Transportation Spend Risks | ✓ | ✕ |
Get started
Experience the Future of Logistics TODAY
Organizations typically save between 5-15% on their annual freight spend.
Gain control of accessorials, remove payment tolerances, and eliminate freight audit costs.