Februar y 17 2020
|
The Journal of Commerce 27 www.joc.com
Cover Story Special Report Freight Payment
shippers to turn the story on its
head, though, using a process gener-
ally referred to as "self-invoicing" or
"self-pay."
When self-invoicing, the ship-
per generates an invoice of what
it believes it owes to a carrier
or third-party logistics provider
(3PL), which forces the carrier or
3PL to determine if that amount
is accurate or not. That shifting of
auditing responsibility is core to the
concept of self-invoicing, but it's
AT ITS CORE, freight payment is
about which party in a transaction
bears the responsibility of ensuring
the accuracy of the invoice associ-
ated with a given shipment.
Traditionally, shippers bear the
brunt of that burden, receiving
freight bills and ensuring those bills
accurately reflect what was agreed
upon in their contract, plus any fees
or rate variances that arose during
the course of the move.
There has long been a way for
Shutterstock.com
Technology helping
shippers take freight
payment, audit into
their own hands
By Eric Johnson
Introspective
invoicing
