Extend AP Automation to Reach Your Freight Carrier Invoices

An effective accounts payable team is an asset to any organization, and it can even be a source of value to the organization. Late fees and early payment discounts alike impact the financial health of the company. Minimizing the former and maximizing the latter can contribute to the success of the business; however, in a work environment that relies on manual effort, it’s not always possible to achieve the optimum outcome. AP automation can change that.

AP processes involve numerous challenges, but the most fundamental issue is the need to capture and move data efficiently and accurately, allowing teams to take the next steps. With invoices coming from multiple sources, managing them can be challenging. However, through the Lojistic platform and the Tungsten Network, you can streamline this element of accounts payable and provide your teams with some concrete benefits.

Let’s explore how this free Marketplace solution connects vital systems.

What Is the Lojistic Platform?

Lojistic is a versatile digital platform designed to help companies centralize information about their shipping carriers and to derive actionable insights about operations. It’s free to start and apply the power of AI to your shipping data to learn what arrangements work well and what might need improvement. An intuitive and visually rich dashboard environment allows you to conveniently review your total spend overall and in granular categories.

Because organizations connect Lojistic with their shipping carriers, the platform receives a variety of information that could help streamline other operations. Using Lojistic as a source for invoice information your business needs to process ensures that you capture important analytical data and provide your key business processes with accurate information promptly.

What Is the Lojistic Integration Solution on the Marketplace?

The Lojistic connector to the Tungsten AP Automation and E-Invoicing solutions provides the necessary bridge to allow invoice data to move seamlessly from inside Lojistic towards the Tungsten platform and all the functionality you have access to there.

Remember, Lojistic is a place where you can centralize all your carrier data. This includes information from carriers offering full truckload, less-than-truckload (LTL), and parcel services. With the potential to deal with a large number of carriers, invoices can originate in many ways. By bringing them into Lojistic and then using this connector to pass the data directly into your AP automation solutions, you can save a significant amount of time and enjoy faster, more direct processing.

Deployment time is minimal, allowing you to notice the value and impact of better data accessibility almost immediately. Validating charges from your carriers becomes much faster. This connector saves even more time by simplifying the effort required to consolidate invoices for review and approval. Now, you can see all your invoices and charges in one easy-to-read setting for faster review.

The Benefits for Your Team

Your accounting professionals will appreciate this solution because it streamlines their work and reduces the likelihood of errors. Lojistic and Tungsten solutions working together provide confidence in the integrity of your invoice data. It ensures that all information is organized and standardized in a format suitable for review and payment. You can tap into that same functionality for invoices from your carriers, just as the Tungsten Network helps you centralize and streamline approvals for other invoices.

Through a clear picture of invoice data and automation, you can ensure prompt processing and approval, avoiding the unnecessary financial pain of late payment fees charged by carriers. Build a reputation as a reliable partner to do business with through efficient accounts payable, made possible in part by Lojistic.

Find Other Ways to Save

Lojistic provides additional benefits to Tungsten users, too. A series of free services can help your business identify financial leaks and reduce costs. This includes invoice refund recovery and a carrier marketplace where you can look for better freight rates for your business.

Lojistic also allows you to benchmark contracts from different carriers against a range of metrics, including shipping times, rates, and terms. Compare and identify opportunities to achieve savings or operational improvements with your shipping partners.

Discover Marketplace Solutions to Transform Your Business

You can ensure faster payments and more accurate data with the simple and effective integration of Lojistic into your automated accounts payable (AP) processes. You can also leverage Lojistic to analyze your complex shipping data, including historical information, to derive insights, observe trends and more. Best of all, this solution is free, so it’s easy to set up and start capturing value from this connector without the need for a costly development cycle.