INTTRA offers automated invoice comparing
INTTRA, a provider of e-commerce applications to the ocean freight industry, has developed an automated invoice comparison and dispute initiation system, called INTTRA Automatch.
Available with INTTRA eInvoice, the electronic invoice presentment and dispute management product, Automatch eliminates the need for manual invoice verification, the Parsippany, N.J.-based company said. INTTRA Automatch identifies and initiates invoice disputes automatically using configurable business rules established by the shipper.
Through its own industry analysis, INTTRA learned that at least 25 percent of all invoices in the ocean freight industry are disputed. In addition, companies are spending hours and potentially hundreds of dollars per invoice to manually process invoices to detect discrepancies, and initiate and manage the dispute. 'INTTRA Automatch makes the process nearly instantaneous, reducing dispute management costs and increasing accuracy and transparency to the shipping partners,' the company said.
Automatch works with the existing INTTRA eInvoice dispute management module to match carrier invoices to shipper freight estimates. It completes a line-by-line analysis based on customizable, flexible business rules the shipper establishes. These business rules are used to determine if an invoice dispute should be initiated.
'If an invoice dispute is determined appropriate, an immediate notification is provided to the carrier and appropriate individual/department in the shipper's organization. If the invoice does not need to be disputed, it is processed according to the shipper's established procedures,' INTTRA said. 'By automating the dispute detection and initiation process, shipping partners can benefit from reduced costs, shortened payment schedules, increased cash flow, quicker dispute acknowledgement and resolution, as well as increased transparency into discrepancy root causes.'