Billing & Payment
Processing paper-based supplier invoices is costly, time consuming, error prone, and is still the dominant method for payers. Organizations adopting electronic invoicing report significant savings. For example, The European Associations of Corporate Treasurers estimated the average processing cost of a paper invoice across Europe to be €30.
INTTRA eInvoice, INTTRA’s Electronic Invoice Presentment solution standardizes and automates the key invoice processing functions that are labor intensive: receipt, review, dispute, and approval.
Invoice processing and dispute management are pain points for both the invoice initiators (billers) and invoice recipients (payers). They are costly, labor intensive processes that are prone to errors. Learn how INTTRA eInvoice is specifically designed to meet the needs of all parties in the ocean freight industry – carriers, NVOCCs, freight forwarders, shippers, and consignees – and can lower costs while improving productivity, accuracy, cash flow, and customer satisfaction.
- Benefits
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- Sustained and considerable reduction in invoicing costs
- Reduction of invoice-related service calls
- Reduces time, expense and inherent errors of manual invoicing and payment
- Creates visibility and control
- Streamlines dispute management
- Enables stronger cash management
- Compliant with global and local regulations
- Leverages INTTRA’s global network
- Features
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- Automatic invoice creation and delivery directly from Carrier’s systems
- Collaborative dispute resolution tool
- Matches freight statements to invoices
- Accessible via portal or electronic interfaces
- Integration with legacy systems
- White Papers
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Learn more about Electronic Invoice Presentment through these white papers:
- Electronic Invoice Presentment and Payment for the Ocean Freight Industry: 10 Questions You Should Ask an EIPP Provider
- American Shipper’s Transportation Invoice Processing and Payment Study
- INTTRA eInvoice Technology Overview
- Additional Downloads
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Download additional information about INTTRA eInvoice:
- About INTTRA eInvoice
- INTTRA eInvoice for Invoice Originators (Billers)
- INTTRA eInvoice for Invoice Receivers (Payers)
- INTTRA eInvoice with EDI
- Article from Containerisation International
- Professional Services - INTTRA eInvoice
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INTTRA's Professional Services unit is responsible for ensuring a smooth and successful implementation of your INTTRA solution and offer the following:
Pre-Implementation Readiness Assessment Product/Portal Implementation/Integration- EIPP Professional Services Silver
- EIPP Professional Services Gold
- Customer Testimonials
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"We welcome this initiative from INTTRA. There is a need for a more streamlined, cost effective and environmentally conscious invoicing process for the ocean shipping industry."
Andreas Krueger, Vice President, Global Ocean Freight Operations - Quality & Compliance, DHL Global Forwarding DHL Management (Switzerland) Ltd."We welcome taking the next step towards automating and optimizing invoicing, resolution and payment processes with ocean carriers that can potentially translate into significant operational improvements for all industry participants."
Dr. Wolfgang Draeger, Senior Vice President, Corporate Product Management, Ocean Freight, DB Schenker Logistics"We are pleased to be part of this broad industry initiative. Invoicing, dispute resolution, and payment processes are highly fragmented across the industry and represent a significant area of cost and inefficiency. There are an estimated 150 million invoice transactions processed a year for ocean shipping with average costs ranging from $20 - $60 per invoice. Logistics Providers and their ocean carriers can benefit from standardizing the process, improving visibility to their cash liabilities and providing a more transparent invoicing process saving time and resources."
Otto Schacht, Senior Vice President Global Seafreight at Kuehne + Nagel"Our customers in North America have welcomed this cost savings initiative. We anticipate that it will significantly help both our customers and CMA CGM cut down on the time and costs associated with the payment process."
Terry Grange, Senior Director, eCommerce, CMA CGM (America)
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