All you need to know

Blog

Revolutionize Your Logistics with CargoNet Freight Audit Software

CargoNet Freight Audit Software

The logistics industry faces increasing challenges in managing freight costs. Hidden expenses, billing discrepancies, and inefficiencies in manual auditing can significantly impact profitability. According to a study by Armstrong & Associates, companies lose approximately 3–5% of annual freight costs due to invoice inaccuracies. CargoNet Freight Audit Software leverages AI to deliver automated audits, reconciliation, and freight spend insights, ensuring transparency, accuracy, and operational efficiency.

What is Freight Audit Software?

Freight Audit Software automates the validation of freight invoices, compares them against contracts, and highlights discrepancies. CargoNet takes it a step further with AI-driven data analysis, helping companies unlock savings and improve compliance.

Key Features of CargoNet Freight Audit Software

  1. Automated Invoice Matching
    • -Matches freight invoices with contracts and shipment data using advanced algorithms.
    • -Reduces human error, saving up to 70% of manual processing time .
  2. Discrepancy Detection
    • -Detects overcharges, billing errors, and missing data instantly.
    • -Automated auditing reduces invoice discrepancies by 25–30% on average 
  3. Freight Spend Insights
    • -Provides in-depth analysis of logistics spending patterns.
    • -Enables data-driven decisions, reducing overall freight spend by 15% for mid-sized logistics companies.
  4. Automated Reconciliation
    • -Ensures accurate data consolidation across multiple sources, including emails, EDI, and ERP systems.
    • -Increases efficiency in resolving disputes, improving vendor relationships.
  5. Data Analytics and Reporting
    • -Generates customized, actionable reports with KPIs like carrier performance and cost-per-shipment.
    • -Provides real-time data insights to optimize logistics operations and improve decision-making efficiency
  6. Seamless Integration
    • -Integrates with popular ERP and logistics platforms, ensuring a unified workflow.
  7. Scalability and Multilingual Support
    • -Accommodates global operations with support for multiple languages and currencies.

Key Benefits of CargoNet Freight Audit Software

  • Cost Savings
    • – Prevents overpayments with accurate audits.
  • Improved Efficiency
    • – Automation reduces manual workload, cutting audit times by 50%.
  • Enhanced Visibility
    • -Centralized dashboard for real-time tracking of freight spend and compliance metrics.
  • Compliance and Accuracy
    • – Eliminates errors and ensures alignment with global standards, enhancing trust and accuracy.

How CargoNet Freight Audit Software Works

  1. Data Collection
    • – Centralizes freight invoices, contracts, and shipping data for seamless auditing.
    • – Supports multiple data formats to simplify integration.
  2. Invoice Verification
    • – Uses AI to validate charges like fuel surcharges and freight rates.
    • – Ensures complete alignment with agreed terms.
  3. Discrepancy Resolution
    • – Flags errors for immediate resolution and improved vendor collaboration.
  4. Actionable Reporting
    • – Dashboards deliver freight spend insights, helping reduce costs by pinpointing inefficiencies.

Why Freight Audit Software is Essential Today


With rising freight rates and complex global supply chains, efficient cost management is critical. Research from Capgemini reveals that 60% of logistics companies using automated freight audit systems report improved profitability within the first year of adoption.

 Optimize Your Freight Spend Today

Take the first step toward smarter logistics. Contact us to schedule a demo of CargoNet Freight Audit Software and discover how automated audits and freight spend insights can transform your operations.

Conclusion


Freight auditing is no longer a manual process. CargoNet Freight Audit Software combines automation, AI, and insightful analytics to drive efficiency, cost savings, and compliance. Embrace the future of logistics today with a solution designed to meet your needs.