Freight Audit & Payment
Venn Corporation’s industry-leading experience in project logistics, our proprietary technology and service-flexibility provide the highest level of freight audit and payment solutions available for the owners, managers/contractors and vendors to capital projects.
By allowing transportation and project management experts to manage the process surrounding your project-related purchase orders and contracts, you can be assured of thorough auditing of invoices, proper allocation of charges, timely payments to vendors, and extensive, customized reporting of the results.
Venn Corporation and our staff have extensive experience in all aspects of managing project logistics cost auditing and payment. In addition to multi-modal logistics, project accounting and data management professionals, Venn-Corp maintains project management and construction staff to better address the unique requirements of project logistics management.
Each of our clients has unique requirements and approaches to managing the logistics for their construction projects or development programs. Purchase order management, payment cycles, data capture requirements, accounting, as well as KPI reporting outputs are all customized to allow each client to meet its corporate objectives.
Project logistic payment solutions are but the start of Venn Corporation’s value-added services. The greater value of our services is in the information we are able to capture, securely store and make available to our clients. Through our proprietary technology, Venn-Corp captures data from various touch points in the project-supply chain to identify trends in shipping patterns and allow for more efficient transport-buying. Analysis of this historical data is then used for budget modeling, benchmarking, and strategic planning the logistics surrounding large projects or programs.
Key Features
Carrier Contract Management: Review and analyze all contracts to ensure compliance with client requirements
Industry-leading Data Capture and Management: Efficient EDI processing, OCR scanning and custom-designed electronic file processing are used to ensure data is accurately transferred and managed pursuant to each client’s needs.
Logistics-supplier Invoice Auditing and Payment: Fully automated auditing of all logistics-suppliers invoices to ensure no duplication, rates are accurate, discounts have been applied and compliance with any ancillary performance metrics.
Client-defined Cost Allocation Reporting: Allocate costs by any criteria (e.g. project number, project manager, vendor origin, partner carrier, warehouse or other recipient, general ledger code)
Exception Management Reporting: User-defined prompts for payment and reporting exceptions; allowing clients to modify, reject or approve a specific payment processing; or, evaluate a carriers PO/contact balance and compliance with client requirements
By allowing transportation and project management experts to manage the process surrounding your project-related purchase orders and contracts, you can be assured of thorough auditing of invoices, proper allocation of charges, timely payments to vendors, and extensive, customized reporting of the results.
Venn Corporation and our staff have extensive experience in all aspects of managing project logistics cost auditing and payment. In addition to multi-modal logistics, project accounting and data management professionals, Venn-Corp maintains project management and construction staff to better address the unique requirements of project logistics management.
Each of our clients has unique requirements and approaches to managing the logistics for their construction projects or development programs. Purchase order management, payment cycles, data capture requirements, accounting, as well as KPI reporting outputs are all customized to allow each client to meet its corporate objectives.
Project logistic payment solutions are but the start of Venn Corporation’s value-added services. The greater value of our services is in the information we are able to capture, securely store and make available to our clients. Through our proprietary technology, Venn-Corp captures data from various touch points in the project-supply chain to identify trends in shipping patterns and allow for more efficient transport-buying. Analysis of this historical data is then used for budget modeling, benchmarking, and strategic planning the logistics surrounding large projects or programs.
Key Features
Carrier Contract Management: Review and analyze all contracts to ensure compliance with client requirements
Industry-leading Data Capture and Management: Efficient EDI processing, OCR scanning and custom-designed electronic file processing are used to ensure data is accurately transferred and managed pursuant to each client’s needs.
Logistics-supplier Invoice Auditing and Payment: Fully automated auditing of all logistics-suppliers invoices to ensure no duplication, rates are accurate, discounts have been applied and compliance with any ancillary performance metrics.
Client-defined Cost Allocation Reporting: Allocate costs by any criteria (e.g. project number, project manager, vendor origin, partner carrier, warehouse or other recipient, general ledger code)
Exception Management Reporting: User-defined prompts for payment and reporting exceptions; allowing clients to modify, reject or approve a specific payment processing; or, evaluate a carriers PO/contact balance and compliance with client requirements