Freight invoice processing data straight to your TMS or ERP with 100% accuracy.
Freight invoice processing that is non-disruptive for both the sender and receiver. That’s because it doesn’t require any system changes by carriers and unlike traditional EDI, it doesn’t require ANY technical resources.
Get built-in validations and tax and VAT compliant invoices processed at 100% accuracy at a line level detail, unlike OCR technology and at a fraction of the cost.
CloudTrade applies AI and runs RPA technology based on your rules to convert freight invoices into the format required for your freight payment or back office system.
How the CloudTrade Freight Invoice Process Works
Processing of All Major LTL Carrier Freight Invoices
CloudTrade’s patented software uses unique rules-based technology, with backward tracking search, to interpret, validate, and extrapolate semantic meaning from complex freight invoices. Integrate key supply chain data for improved landed costs analysis and reporting analytics.
The Electronic Invoice Challenge in the Logistics and Freight Sector
Today, we estimate up to 90% percent of invoices are sent via email or file transfer as data rich, application generated documents and it’s a surprise to find that many businesses still capture this data manually. Download: The Electronic Invoice Challenge in the Logistics and Freight Sector
Trusted by Businesses Worldwide
CloudTrade exceeded our expectations – in just 6 weeks they were able to convert 90% of the suppliers we asked them to – equating to 80% of our invoices – from paper to e-invoicing.
By utilising CloudTrade, we have been able to reduce our operating costs by over 70%, as well as improving timeliness.
CloudTrade has made a big difference to our business as it makes processing quick and accurate.
We have never experienced such good response times as we get with CloudTrade. Despite the different time zones, we receive an immediate response to any queries. We have felt very taken care of.