This enabled the company to cut transportation expenditures by 25%. The company used the nSight Global Freight Management Analytics Tool to assess various performance metrics and then could negotiate better contracts. Along with its freight bill audit and payment services, nVision Global offers a range of supply chain services, software, and technology. This includes a transportation management platform, Impact TMS , from which clients can manage all global shipments, with real- time visibility and tracking. nVision’s Rate Procurement and Negotiations Software and Services enable shippers to see available lanes, submit bids, and analyze them in a single view. By providing a deep range of freight bill audit and payment tools, robust analytical solutions, and global operations, nVision enables customers to focus on their business operations while gaining the information they need to effectively manage their global supply chains. U.S. Bank: The Service, Reliability, and Security of a Bank The multi-year investments in technology and data analytics by U.S. Bank’s Freight Payment division enable it to provide valuable insight, as well as automation technology, that helps shippers streamline operations through robust self-service capabilities and automated business rules that reduce the need for manual intervention, says Scott Burglechner, senior vice president of freight and payment product management. Depending on a customer’s current FBAP operation, shippers can save up to 10% when they begin working with U.S. Bank. Many realize cost savings and capacity creation through process improvements, as well as by adopting best practices that accelerate automation and expense control. “Our aim is to help customers drive operational changes in their business rules and approval processes that generate positive outcomes for a vast majority of invoices,” he says.
As a full-service, financing and payments provider that’s federally regulated, a significant focus of U.S. Bank is ensuring the security and reliability of its technology, so it can continue to deliver solutions that exceed customers’ needs. U.S. Bank’s world-class, Tier IV data center has a proven track record of protecting client information against credible threats, a result of its mission-critical servers and systems, which are hosted in a reliable, fault-tolerant and secure environment. “We employ segregated builds to prevent co-mingling of customer data, and we safeguard sensitive supply chain data to help protect partners and suppliers from cybercrime,” Burglechner says. Because it’s federally regulated, the audit and compliance requirements to which U.S. Bank is held are more rigorous than those of unregulated, non- bank digital or fintech companies. A large provider of industrial products suspected that it was being scammed by criminals shipping their packages on the company’s parcel accounts. However, because the company ships millions of packages annually, it struggled to uncover the source of the fraud. Management turned to U.S. Bank, whose team found the scammers were creating multiple small packages, distributing their fraudulent activity so it was harder to detect. The bank’s comprehensive analysis uncovered more than $650,000 of fraudulent charges over just six months, Burglechner says. Backed by the strength and stability of the nation’s fifth-largest bank, U.S. Bank’s freight audit and payment team continues to innovate. It’s currently working with several business partners on a pilot solution that will automate the validating and processing of detention and demurrage bills. “U.S. Bank will continue to invest in solutions that make its customers’ lives easier, including in automation, faster payments and predictive and prescriptive analytics,” Burglechner says. n
We employ segregated builds to prevent co-mingling of customer data, and we safeguard sensitive supply chain data to help protect partners and suppliers from cybercrime.
SCOTT BURGLECHNER Senior Vice President of Freight and Payment Product Management, U.S. Bank
Given the current uncertain economic environment, U.S. Bank’s ability to help shippers enhance working capital has become increasingly important. By leveraging U.S. Bank’s cash management solutions, shippers can extend transportation freight payments without having to renegotiate contracts. U.S. Bank’s Advanced Carrier services offer a quick, clean pre-payment audit that speeds payment and boosts accuracy. Shippers pay only what they should, and carriers receive the right amount the first time. Rather than spending resources resolving invoice and payment disputes, shippers can focus on collaborating with carriers for strategic supply chain improvements.
76 Inbound Logistics • September 2024
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