Managed Transportation Services
When your freight program needs a full overhaul so you can stay competitive in today’s high-cost shipping market, FreightWise Cost Management can help.
Benefits with FreightWise Cost Management
Supply Chain Design
Save up to 20-30% on costs. We assess your modes, routes, and tariffs to help optimize your supply chain and negotiate better rates through our buying power.
FreightWise SAAS PLATFORM
Hit the ground running. We implement and configure our modern FreightWise TMS with your rates, contracts, and system integrations.
Freight audit and Payment SERVICES
Ease your AP department’s burden. We can manage, pay, and audit 100% of your freight invoices to find you even more cost savings.
Cost Management Features and Benefits
Supply Chain Planning
Through our industry knowledge, collective freight spend, and strategic supply chain planning services, we can help you secure deeply discounted rates to save up to 20-30% on your freight. Maintain control of your carrier contracts and relationships, while enjoying better rates.
Our transportation experts will review your existing shipping practices to ensure you’re always using the most cost-effective modes, routes, and freight pricing.
We can help standardize your rates, find consolidation opportunities, and advise how to best match your shipping needs with right-fit carriers.
Once we help establish your optimized supply chain, our technology experts build this information and your tariffs into the FreightWise TMS so you can ensure the right mode is always chosen and automate least-cost carrier selection on every shipment.
Save 20-30% annually on parcel, LTL, and FTL.
Turn shipping costs into a competitive advantage.
Maintain existing carrier relationships.
FreightWise TMS
To execute your new supply chain, we help implement and configure our modern TMS SaaS. Everything optimized in your supply chain plan — from contracts to modes and consolidation — will be configured for you to take the guesswork out of shipping.
We can integrate the TMS with your ERP, OMS, and WMS. A simple dashboard helps you stay on top of costs, carriers, and every order. And your team will enjoy a modern interface and many hours saved with automation and better document control.
- Streamline and automate transportation management processes.
- Replace slow, outdated, siloed applications.
- Get both a bird’s-eye and granular view of all shipping activity.
Freight Audit and Pay
Remove the complexity and time-consuming process of auditing and paying freight invoices from your team’s shoulders. You can extend the freight audit and pay capabilities of the FreightWise TMS by having our managed services team receive, manage, audit, correct, GL code, and pay all transportation freight invoices, so you can focus on your core business.
We audit 100% of your freight invoices to catch overages and other errors, and we work with your carriers to correct any mistakes. On average, FreightWise clients see 2-4% in savings, plus many hours saved by their internal teams.
You’ll have complete transparency into your paid invoices and upcoming payments, as well as audits, exceptions, and the rate of vendor invoice errors. You’ll always have full transparency into exactly how, when, and where your money is going. All you have to do is pay one consolidated invoice per week or month.
We offer the most secure bonded and insured payment process available in the industry and we pledge to be transparent at all times.
Focus on your core business, not processing and auditing invoices.
Pay just one consolidated invoice per week or month.
Redirect employees to other high-value work.
Risk Management
Take the guesswork out of protecting your products while they’re in transit. FreightWise Risk Management allows you to include full coverage on products at invoice value instantly. Unlike blanket policies, FreightWise lets you easily add coverage to shipments on a per-load basis.
- Apply business rules to ensure that high-value or high-risk commodities are always covered.
- Purchase coverage at the same preferred rates for any transportation mode.
- Easy and straightforward claims process.
Business Intelligence
You can’t manage what you can’t measure. The business intelligence tools in the FreightWise TMS make it easy to track costs on a single dashboard so you can track all areas of freight activity, uncover inefficient processes, assess vendors, and find more ways to save. You’ll be able to view all the paperwork for each order in a single place and see where each order is in its journey to the customer.
With a single, mobile-friendly BI platform for logistics, you can view big-picture data by month or year, or dig deeper into granular data to look at particular customers, carriers, or shipments. Easy-to-use reports at your fingertips will help your business’s leaders and managers make good decisions grounded in data.
As you examine your company’s financials, it’ll be easier to answer important questions like:
- What did our shipping spend look like last year at this time?
- How can I drive costs out of my shipping environment?
- How much do I spend per mode? Per quarter? Per year?
- Which vendors have the most lost or damaged shipments or erroneous invoices?
Spend trend reporting by mode, carrier, customer, state, and more.
Learn when least-cost carriers aren’t being used.
Quickly view outstanding invoices and track year-over-year costs.
Systems Integrations
With FreightWise TMS, our goal is full integration with your existing transportation environment. Our software is fully developed in-house and our open API allows us to integrate with most ERP, WMS, OMS, and TMS platforms.
Leverage our flexibility to remove barriers in your systems and put time back in your team’s hands and money back into the bottom line. Our professional team can set up your systems integrations with:
- Oracle
- Microsoft Dynamics 365
- Infor
- SAP
- Sage
- WorkWise
- JD Edwards
- Epicor
- And more
We can also set up data feeds with carriers that offer open API so you can complete forms, print labels, call for pickups, view tracking information, and receive invoices within the FreightWise TMS.
Tie all your transportation data into a single system.
Our technology team handles the implementation.
Integrate with carriers that have open APIs.
Ecommerce Integration
Most ecommerce transportation and fulfillment platforms simply can’t handle when freight pricing gets complex, such as when a business sells a single product or multiple products that weigh more than 150 pounds.
You need the ability to rate — to the penny — each mode at any weight or dimension and offer the best selection to the customer. To solve this problem, we have built APIs that support multi-carrier and mode rating for several eCommerce platforms, including Magento.
- Offer all your products through ecommerce, no matter the mode.
- Standardize and improve online margins.
- Avoid cart abandonment on high-margin orders.
Blog Posts
FedEx 2024 General Rate Increase
Rising to the Top: A Middle Market Fast 50 Nominee’s Journey
Embracing the Challenge of Growth and Excellence
FreightWise CEO Chris Cochran, Finalist for EY Entrepreneur Of The Year
Ernst & Young LLP (EY US) today announced that Chris Cochran, CEO of FreightWise, LLC was named an