Automated Freight Settlements

AI-Driven Settlements That Ensure Accuracy, Every Time

Step into a smarter freight payment process where AI does the heavy lifting—from transcribing unstructured inputs to resolving discrepancies with speed and accuracy. Shipwell Settlement extracts key data from any invoice format, delivering timely, error-free payments and complete confidence in every transaction.

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Invoicing, Auditing, and Settlement

Achieve Financial Optimization Through Automated Freight Audits and Payments

Depart from traditional manual methods and let Shipwell Settlements take charge of your entire freight payment process—from identifying invoices to seamless reconciliation. Boost throughput, minimize bottlenecks, and enhance confidence in your financial records.

With Shipwell Settlements, you can easily:

Turn change itself into a competitive advantage.

Enjoy enhanced throughput, leading to smoother day-to-day operations and reduced bottlenecks.

Instill higher confidence in your financial records with higher settlement accuracy.

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Transform Your Payment Process

Reduced Processing Time

Cut down processing time for TL or LTL freight invoices, resulting in a potential reduction of up to 30% in annual man-hours spent on manual reconciliation.

Optimized Cost Control

Identify invoice exceptions consistently, preventing overpayments and potentially lowering freight spend by up to 5%.

Improved Carrier Relationships

Enhance carrier relationships and general service levels with a timelier carrier payment process, fostering better collaboration and satisfaction.

Reduced Administrative Costs

Maximize cost savings by streamlining the freight bill processing, enabling fully allocated personnel to take on additional tasks and responsibilities.

Streamline Your Settlement Workflow

Low Touch First Pass Match

Revolutionize Your Settlement Workflow

Elevate your document review process with Shipwell’s cutting-edge Low Touch First Pass Match feature. This advanced capability revolutionizes your settlement workflow by automating the comparison of settlement documents against shipment financials. Fueled by state-of-the-art AI technology, it ensures precision, significantly reducing errors and discrepancies.

Key features that enhance your efficiency and control:

Experience the ease of automated comparison, saving valuable time.

Reduce manual efforts and intervention for a streamlined and efficient workflow.

Seamlessly integrate data from multiple incoming document channels.

Tailor the process to your preferences by setting personalized thresholds.

Easy and flexible integration

Automated Invoicing With Built-In Auditing and Seamless Integration

Simplify the process of incorporating settlement documents across various channels with Shipwell Settlement’s easy and flexible integration. Seamlessly integrate with your existing financial management and payment systems, including GL code matching.

Key features that enhance your workflow:

Seamlessly bring together settlement documents from diverse channels in different formats.

Harmoniously integrate with your financial management and payment systems.

Benefit from support for multiple financial system integrations.

Self-Service Configurations

Seamless Document Handling and Exception Management

Enhance your settlement process through Shipwell’s self-service configurability. By setting payment thresholds, you can customize the comparison criteria for settlement documents, aligning it with your specific requirements throughout the process.

Key features that amplify your efficiency and ability to define the level of tolerance you have for inaccuracies:

Stay informed with intelligent notifications at each step for prompt actions.

Leverage AI-powered analysis for accurate and efficient document interpretation from a variety of sources some of which may be quite unstructured.

Streamline the settlement process to avoid manual intervention and enhance productivity.

Freight Pay and Audit Managed Services and Compliance

Faster Response Times, Improved Accuracy

Simplify payment processing and auditing tasks with Shipwell Settlement’s Freight Pay and Audit Managed Services. Expert assistance ensures payment accuracy and compliance.

Key features that refine your payment process:

Receive intelligent payment notifications for proactive and efficient issue resolution.

Automate the payment process for heightened efficiency and accuracy in financial transactions.

Optimize your settlement workflow for significant time and effort savings, while optimizing financial performance.

“ Shipwell's dynamic dock scheduling has been a game-changer for managing freight. Being able to easily coordinate time slots across all our shipping locations and seamlessly integrate with our TMS will cut out endless hours of frustrating phone calls and email threads. We can confirm dock appointments in minutes instead of days. And the ability to adjust pickups and drop-offs on the fly based on real-time data has saved us from massive headaches. I don't know any other solution that brings this level of simplicity and flexibility together into one smooth automated workflow."

Name Lastname

Product Manager, Gartner

“In the Shipwell TMS, I went from never having planned a shipment to saving 20% in a month using load optimization!”

Name Lastname

Product Manager, Gartner

"We have vendors fill out a routing request form when they have a shipment ready. With Swifty, we forward that email [to Shipwell] and it creates the order and then we select the carrier as opposed to getting the email from the vendor and hand-keying it into Shipwell."

Vanessa McClain

Transportation & Vendor Relations Manager, EVO

"Swifty AI Assistant has transformed our transportation operations, eliminating tedious manual work and enabling us to focus on strategic initiatives. With natural language processing, we seamlessly input shipment details and logistics data across channels, saving countless hours. By consolidating information in one platform, Swifty has reduced manual processes by 90%, providing an organized view of our transportation network. Highly recommended for streamlined logistics management."

Food Delivery Manufacturer

“...Our freight has increased substantially due to the explosive growth of e-commerce. With the amount of trucks we have on the road right now and with the amount of freight that we're moving, just to be able to have it all organized in one place has helped the team, we’ve loved the visibility.”

Premier Packaging

“We can always count on a streamlined booking process as well as visibility on the loads. We always have access to a team of customer support, it really makes any glitches in the system non-existent within minutes. It's been a life changer.“

Marcus Technologies

“Prior to using Shipwell’s TMS solution, it was a very manual process to manage shipments. We were relying heavily on spreadsheets to track orders, which really limits the number of carriers that you can work with. Using the TMS solution, we are able to connect with multiple carriers easily, which in turn allows us to compare different rates.”

Food and Beverage Manufacturer

“The native visibility has been amazing for optimization and cost savings. Let’s say we have two orders being picked up at the same supplier — one for this week, one for next week — Shipwell recommends we get with the buyers and see if we can combine the shipments. And right there, that's a cost savings of around $1,500 just for those two orders.”

Home Chef

“Shipwell's dynamic dock scheduling has been a game-changer for managing freight. Being able to easily coordinate time slots across all our shipping locations and seamlessly integrate with our TMS will cut out endless hours of frustrating phone calls and email threads. We can confirm dock appointments in minutes instead of days. And the ability to adjust pickups and drop-offs on the fly based on real-time data has saved us from massive headaches. I don't know any other solution that brings this"

Food Delivery Manufacturer

“A single flagged accounting error saved $111,000 the very first time we used the new settlement capability.”

Jess Pilarski

Logistics Manager, Home Chef

“Integrating Shipwell dynamic rating … has been a game-changer for our logistics operations… The enhanced visibility … has enabled us to make data-driven decisionsand develop more effective supply chain strategies, ultimately improving our overall efficiency and bottom line."

Johnny Craddock

Director of Transportation at Shopify

Case Study

Discover How Home Chef Achieved $1 Million+ In Savings: Reduced Costs and Increased Efficiency.

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The Right Business Fit, With More Value Add

Shipwell’s TMS platform stands out for its powerful combination of multimodal shipment planning and execution with real-time visibility for exception management, all on a scalable platform ready to simplify tomorrow’s growing logistics complexity.

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