TRANSPay®
Streamline, Automate and Optimize Cash Flow
Seamlessly facilitate payments
TRANSPay® automates your freight payment process by dramatically reducing manual efforts related to freight invoicing. It optimizes cash flow by taking advantage of early payment terms, paying freight, repair and lease invoices on time and avoiding penalties. It interfaces with your ERP system for payment operations and proper cost center assignment.
Benefits of TRANSPay® include:
Provides auto-pay and match-pay for all carriers
Allocates freight costs to the appropriate cost center
Process payment transactions for all transit modes by RateServer
Matches freight invoices to accruals based on versatile tolerances
Records disbursement details such as check number and payment date
Imports to EDI 410 invoices from rail carriers
Streamlines freight payment reconciliation
Monitors multi-mode shipments for volume commitments and rebates
Provides payment request to the client’s ERP
Payment of repair and lease invoices from RAILAcct®
Import 210 invoices for non-rail invoices