Key Capabilities of JDA® Freight Audit & Payment:
- Auditing of freight and accessorial charges
- Validation of invoices against delivery notices
- Self-invoicing and/or match pay
- Customer-defined cost variance tolerances
- Authorization of payment to financial systems
Sarbanes-Oxley has changed the way companies control their financial transactions. With the increase in regulations, it is becoming more important than ever that companies have tight financial control over their operations. Firms need a solution that automates the entire freight payment process and tracks how accurately carriers are billing as well as how actual costs match planned costs. An automated freight payment solution is a key step to maintaining Sarbanes-Oxley compliance.
JDA Freight Audit & Payment provides shippers with a means to effectively manage their freight audit processes in-house and provide opportunities to increase productivity, reduce freight expenses and stay compliant with tight financial regulations.
The basic function of JDA Freight Audit & Payment is to automate the freight audit process and initiate payment to carriers. This is achieved by matching and auditing expected freight costs against invoiced charges and posting audited freight charges to the general ledger at the item level, including accrual entries for unpaid or un-invoiced charges incurred during a given fiscal period.
As Sarbanes-Oxley demands that financial controls become more and more stringent, gaining control of your freight spend is imperative. Our comprehensive solution manages all of the necessary processes, and is a key enabler inside JDA’s overall Transportation & Logistics Management solution.
