Managing freight costs is a growing challenge for logistics and freight forwarding businesses. Research shows that up to 25% of freight invoices contain errors, costing businesses millions annually
Freight audit software has emerged as a game-changing solution, helping businesses automate invoice validation, eliminate errors, and reduce overpayments. Today, advanced solutions like CargoNet Freight Audit Software also integrate AI-powered tools to optimize freight cost management like never before.
This guide explores what freight audit software is, its importance, how AI enhances it, and how you can leverage solutions like CargoNet to save time and money.
What is Freight Audit Software?
Freight audit software is a digital tool that automates the process of validating, analyzing, and managing freight invoices. It ensures businesses only pay for correct and agreed-upon charges by cross-referencing invoices with shipment data, contracts, and carrier tariffs.
Incorporating AI, tools like CargoNet provide real-time error detection and cost analysis, allowing businesses to minimize discrepancies and gain full visibility into freight spending.
Why is Freight Audit Important?
Billing errors are not uncommon in freight management. Studies show that businesses overpay by an average of 3-5% of their total freight spend due to duplicate charges and incorrect invoices .