Email:
info@telic.digital
Phone:
0303 666 5438
Email:
info@telic.digital
Phone:
0303 666 5438
Automated Cash Allocation means matching incoming shipper and broker payments directly to the correct waybills and freight invoices. Payments arrive rapidly via BACS, FPS, or transport portals, constantly complicated by line-item adjustments. A manual cash allocation process involves the AR team spending excessive time attempting to match high-turnover transactions against dynamic invoices containing fuel surcharges, demurrage fees, and weight adjustments.
Our platform uses advanced AI, Machine Learning, and RPA. These tools instantly automate the manual matching of complex transport deductions. They allow for ongoing self-learning to recognise standard industry adjustment codes and provide predictive analytics to better identify chronic short-payers and protect tight freight margins.
To discover how you can automate your cash allocation process, book a demo to see the platform at work.
Reduce operational costs by 90% by handling massive daily invoice volumes without expanding back-office headcount.
Automatically identify and track query transactions like demurrage disputes or customs fee adjustments.
Gain immediate visibility of critical cash flow, allowing transport operators to make rapid decisions on fleet capacity and broker credit limits.
Automate cash allocation to achieve accurate, same-day cash posting and highlight exceptions for early resolution. The platform processes diverse remittance formats, matches them to fast-moving payments, and applies them directly to the transport ledger. This saves immense amounts of time compared to manually verifying every adjusted freight bill. It lets teams focus on resolving specific short-payment queries and recovering revenue rather than doing data entry.
Accounts receivable teams in logistics and freight are under intense daily pressure due to massive invoice volumes and notoriously short 15-to-30-day credit terms. This is heavily intensified by the endless ways payments are altered: shippers constantly short-pay due to disputed fuel surcharges, layover fees, or damaged cargo claims. Difficulties in matching poorly referenced, heavily adjusted multi-currency transactions create massive manual exception queues. Automating this eliminates the human error of misapplied cash, clears exception backlogs, and provides the immediate cash visibility required to keep fleets moving.
Our platform allows ingestion of remittance data from any source, including email, freight portals, and EDI, and performs automated matching with data gathered from bank accounts. Once matched, the pre-built framework allows updating of ledgers into any ERP or Transport Management System (TMS) including Oracle, SAP, Microsoft Navision, Sage, and Epicor.
Our Cash Allocation solution seamlessly integrates with your existing financial systems, streamlining the end-to-end process and minimising manual data entry. This boosts efficiency and saves valuable time.
Cash Allocation Dashboard detailing the status of each freight transaction
Cash Allocation Dashboard detailing the status of transactions and an automatically reconciled waybill
Cash Allocation Dashboard detailing the status of transactions and an unmatched fuel surcharge dispute
Granular dashboards provide insight on allocation status and visibility of all payment information in one place, giving AR teams the exact information needed to action line-item deductions and clear broker accounts.