AI Freight Settlement Software - Shipwell
Automated Freight Settlements
AI-Driven Settlements That Ensure Accuracy, Every Time
Step into a smarter freight payment process where AI does the heavy lifting—from transcribing unstructured inputs to resolving discrepancies with speed and accuracy. Shipwell Settlement extracts key data from any invoice format, delivering timely, error-free payments and complete confidence in every transaction.
Achieve Financial Optimization Through Automated Freight Audits and Payments
Depart from traditional manual methods and let Shipwell Settlements take charge of your entire freight payment process—from identifying invoices to seamless reconciliation. Boost throughput, minimize bottlenecks, and enhance confidence in your financial records.
With Shipwell Settlements, you can easily:
- Turn change itself into a competitive advantage.
- Enjoy enhanced throughput, leading to smoother day-to-day operations and reduced bottlenecks.
- Instill higher confidence in your financial records with higher settlement accuracy.
Transform Your Payment Process
Reduced Processing Time
Cut down processing time for TL or LTL freight invoices, resulting in a potential reduction of up to 30% in annual man-hours spent on manual reconciliation.
Optimized Cost Control
Identify invoice exceptions consistently, preventing overpayments and potentially lowering freight spend by up to 5%.
Improved Carrier Relationships
Enhance carrier relationships and general service levels with a timelier carrier payment process, fostering better collaboration and satisfaction.
Reduced Administrative Costs
Maximize cost savings by streamlining the freight bill processing, enabling fully allocated personnel to take on additional tasks and responsibilities.
Streamline Your Settlement Workflow
Revolutionize Your Settlement Workflow
Elevate your document review process with Shipwell’s cutting-edge Low Touch First Pass Match feature. This advanced capability revolutionizes your settlement workflow by automating the comparison of settlement documents against shipment financials. Fueled by state-of-the-art AI technology, it ensures precision, significantly reducing errors and discrepancies.
Key features that enhance your efficiency and control:
- Experience the ease of automated comparison, saving valuable time.
- Reduce manual efforts and intervention for a streamlined and efficient workflow.
- Seamlessly integrate data from multiple incoming document channels.
- Tailor the process to your preferences by setting personalized thresholds.
Automated Invoicing With Built-In Auditing and Seamless Integration
Simplify the process of incorporating settlement documents across various channels with Shipwell Settlement’s easy and flexible integration. Seamlessly integrate with your existing financial management and payment systems, including GL code matching.
Key features that enhance your workflow:
- Seamlessly bring together settlement documents from diverse channels in different formats.
- Harmoniously integrate with your financial management and payment systems.
- Benefit from support for multiple financial system integrations.
Seamless Document Handling and Exception Management
Enhance your settlement process through Shipwell’s self-service configurability. By setting payment thresholds, you can customize the comparison criteria for settlement documents, aligning it with your specific requirements throughout the process.
Key features that amplify your efficiency and ability to define the level of tolerance you have for inaccuracies:
- Stay informed with intelligent notifications at each step for prompt actions.
- Leverage AI-powered analysis for accurate and efficient document interpretation from a variety of sources some of which may be quite unstructured.
- Streamline the settlement process to avoid manual intervention and enhance productivity.
Faster Response Times, Improved Accuracy
Simplify payment processing and auditing tasks with Shipwell Settlement’s Freight Pay and Audit Managed Services. Expert assistance ensures payment accuracy and compliance.
Key features that refine your payment process:
- Receive intelligent payment notifications for proactive and efficient issue resolution.
- Automate the payment process for heightened efficiency and accuracy in financial transactions.
- Optimize your settlement workflow for significant time and effort savings, while optimizing financial performance.
Discover How Home Chef Achieved $1 Million+ In Savings: Reduced Costs and Increased Efficiency.
The Right Business Fit, With More Value Add
Shipwell’s TMS platform stands out for its powerful combination of multimodal shipment planning and execution with real-time visibility for exception management, all on a scalable platform ready to simplify tomorrow’s growing logistics complexity.
Testimonials
- "Swifty is fantastic... if I have any troubles, I will ask Swifty first." - Logistics Supervisor, Beverage Solution Provider
- "Swifty AI Assistant has transformed our transportation operations, eliminating tedious manual work and enabling us to focus on strategic initiatives. It has reduced manual processes by 90%." - Food Delivery Manufacturer
- "A single flagged accounting error saved $111,000 the very first time we used the new settlement capability." - Jess Pilarski, Logistics Manager, Home Chef
- "Integrating Shipwell dynamic rating ... has been a game-changer for our logistics operations… The enhanced visibility ... has enabled us to make data-driven decisions and develop more effective supply chain strategies." - Johnny Craddock, Director of Transportation at Shopify