Control, track, and optimize rail freight costs
Inaccurate tracking of costs and penalties undermines financial control, operational efficiency, and strategic planning, resulting in lost revenue and inefficiencies in rail freight operations.
You face financial penalties that you cannot track, explain and reduce.
Cost information scattered across multiple, unsynchronised documents
Scattered information leads to inefficiencies, compliance risks, and missed opportunities for optimization by hindering visibility, decision-making, and collaboration.
Inaccurate Budgeting and Forecasting
Without proper tracking of projected and actual costs, you will struggle to budget accurately or forecast future expenses. This can lead to over or underestimating transportation budgets.
No visibility on cost validations with partners
Without centralised cost tracking, it's difficult to understand which costs have been validated with stakeholders (such as carriers or freight forwarders) and which have not, leading to disagreements over invoice content and potential disputes.
Missed Cost Optimization Opportunities
The inability to compare planned versus actual costs and identify extra costs (e.g., penalties or discounts) hinders the ability to optimize transport operations and negotiate better contracts with carriers.
Lack of Accountability and Transparency
Failing to track and validate all transport-related costs, including penalties and discounts, reduces transparency across stakeholders. This makes it challenging to hold parties accountable for errors, inefficiencies, or non-compliance.
Penalties and Extra Costs Going Unnoticed
Extra costs such as penalties for service failures or route-specific surcharges may be applied incorrectly or missed entirely, leading to overcharges or unresolved financial disputes.
Limited Strategic Decision-Making
Without comprehensive data on costs and penalties, you will lack the insights needed to optimize routes, fleet usage, or service levels, resulting in suboptimal operations.
Inefficient Contract Management
Failure to digitize cost contracts and rules means the company risks non-compliance with contract terms, leading to financial losses and strained carrier relationships.
Track, plan, optimize, and validate rail freight expenses to reduce penalties.
Centralize cost related information
Ensure full visibility, real-time accuracy, streamlined decision-making, compliance, and efficient collaboration to optimize budgets and drive operational efficiency.
Share and validate costs with your partners
The cost validation dashboard with all the necessary information and details, enables you and your partners to agree on costs based on objective and verified figures.
Monitor and apply extra costs
Define, apply, and validate penalties or discounts while automating cost suggestions for accuracy and control.
Optimize costs during planning
Use carrier contract data to project costs, enabling low-cost decisions and clear contract commitments for routes.
Analyze costs with dashboards
Gain aggregated insights into transport expenses, monitor performance, and filter costs by period or criteria like shipment type, contracts and more.
Reduce extra costs and penalties
Automate extra cost rules, validate transport data for accurate projections, and align costs with stakeholder approvals.
How Cost Control & Pay optimizes transportation budgets by minimizing extra costs and penalties through precise tracking and automated cost rules.
Optimize rail freight costs: Bridge the gap between planning and reality.
Shippers face unexpected variances between planned and actual transportation costs, resulting in inefficiencies, budget overruns, and a lack of cost visibility.
With a comprehensive view of planned versus actual costs, shippers can gain actionable insights to reduce overcharges and improve cost efficiency.
Transparent penalty and discount management for improved service quality.
Managing penalties and discounts is often inconsistent, lacks transparency, and fails to drive accountability for missed SLAs.
Track extra costs, apply fair penalties and discounts, and provide clear insights into cost rules to ensure service quality and financial control.
Take control of transport costs with accurate validation and transparent collaboration.
Difficulties validating transport costs due to a lack of visibility into operational data, unclear contracts, and misalignment with LSPs.
Validate costs against operational data, digitize contracts, define cost rules, and align with LSPs.
Take it from our clients
Meet the driving forces that transform the rail freight industry
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Hesitations?
Let’s clear them up!
Everything you need to know about Cost Control & Pay.
How does Cost Control & Pay improve collaboration with Logistics Service Providers (LSPs)?
It provides a platform for transparent cost validation, where you can discuss, compare, and align costs with LSPs, ensuring both parties agree on the final transport costs.
Can I digitize my transport contracts with Cost Control & Pay?
Yes, the module allows you to digitize transport cost contracts, define cost brackets, set transport cost units, and manage contract commitments, streamlining the cost validation process.
How does Cost Control & Pay help with transport planning and budgeting?
The module enables you to project transport costs based on carrier contracts, define cost models, and set floor pricing to optimize transport planning and reduce overall budgets.
Can I track extra costs and penalties using Cost Control & Pay?
Yes, the module allows you to define and apply extra cost rules for routes and transports, including penalties and discounts, ensuring complete visibility and control over unexpected costs.
How does Cost Control & Pay help me manage transport costs?
The module tracks, validates, and optimizes transport costs by consolidating operational data, automating cost projections, and enabling accurate cost validation with Logistics Service Providers (LSPs).
Ensure compliance by managing all your rail transport documents with Doc Vault
Store, organize, and share documents in any format, with full visibility and traceability of every action for efficient and transparent operations.
Safely store documents related to your rail operations
Never lose documents related to transports, wagons, damages or maintenance tickets again.
Store and display any type of document
Share all your documents with the relevant stakeholders for efficient information management.
Identify creators and details of uploaded documents
Get all the documented insights from the field to trace actions, facts and responsibilities.