Settle Loads and Allocate Costs
- Allows customers to realize revenue when appropriate based on generally accepted accounting principles
For outbound shipments, the TMS enforces revenue recognition accounting rules based on when the customer actually takes ownership of goods. The system provides an auditable process for revenue determination.
- Receives carrier invoice and matches to load
Upon receipt of carrier invoices, the TMS compares rated vs. invoiced amounts and shows you the differences. You can automatically send matched invoices to your Accounts Payable system for payment. The invoices that have discrepancies are put in a queue to be resolved.
If you elect, the system will assign general ledger codes to charge details. This allows you to track every aspect of your transportation costs.
Your audit process can include the receipt of proof-of-deliveries (POD). There are several ways to receive PODs and link them to completed shipments in the TMS. The invoice audit report will tell you if a POD has been received and give you the option of proceeding with payment or not.
Occasionally, an incoming invoice won’t match with any known shipment in the system. The TMS will query your shipments to find possible matches with the details of the invoices and then let you manually link them for auditing purposes.
- Enables freight accrual based on shipper’s process
The TMS allows users to define an accrual process and manage to the charge detail level if needed.
- Allows allocation to appropriate parties involved in the load
If you’re shipping for multiple lines of business or cost centers, you can allocate costs to those entities based on items, weight, mileage, etc.
Select and explore another primary shipper function that could be part of your customized solution.
Or, participate in a live, online demo of MercuryGate.