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AI-Driven Settlements That Catch Errors Before They Cost You
Every unreviewed freight invoice is a potential overpayment waiting to happen. Shipwell Settlement extracts key data from any invoice format, automatically compares it against shipment financials, and flags exceptions before they clear payment so your accounting team spends time on freight spend analysis, not manual reconciliation.
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Financial Optimization Through Automated Freight Audits and Payments
Manual freight payment processes are slow, error-prone, and difficult to scale. Shipwell Settlements automates your entire freight payment cycle, from invoice ingestion through reconciliation. Reducing the manual workload on your team and give your finance records a single, reliable source of truth.
With Shipwell Settlements, you can:
Increase invoice throughput without adding headcount.
Catch and resolve exceptions before they result in overpayments.
Build confidence in your financial records with consistent, auditable settlement data.
How PROSOCO Automated Freight Settlements With Shipwell
Before Shipwell, PROSOCO's freight settlement process ran entirely on manual effort — Jerry Jones coordinating invoice reconciliation by hand with his finance team on every load. Now, carriers submit invoices via EDI 210, Shipwell automatically matches them against the rate confirmation, and approved invoices move to payment in less than a week. Jerry calls the ERP integration the best return on investment the team has made in the platform.
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
Shipwell's Low Touch First Pass Match automatically compares settlement documents against shipment financials, identifying discrepancies without manual review. AI handles document interpretation across formats and input channels, so invoices that match your thresholds clear automatically. Your accounting team receives reconciled data they can trust, without spending hours verifying it got there correctly.
Key capabilities:
Automated document comparison across invoice types and formats.
Configurable thresholds so your team defines what counts as an exception.
Minimal manual intervention on invoices that match.
Data pulled from multiple incoming document channels into a single review queue.
Automated Invoicing With Built-In Auditing and System Integration
Shipwell Settlement connects to your existing financial management and payment systems, including GL code matching. Settlement documents from EDI 210, PDF invoices, email inboxes, and carrier-generated invoices consolidate into one processing workflow — no separate integration project required.
For teams managing high document volumes or complex invoice formats across multiple sources, Shipwell's Document AI module extends those capabilities further with dedicated document automation built on the same platform.
Key capabilities:
Settlement documents pulled from multiple channels and formats into a unified queue.
Direct integration with your financial management and payment systems.
Support for multiple financial system integrations out of the box.
Seamless Document Handling and Exception Management
Set payment thresholds by dollar amount or percentage deviation, configure proof of delivery requirements, and define what triggers an exception, all without involving your IT team. Shipwell's self-service configuration puts settlement rules in the hands of the people who understand your payment operations.
Key capabilities:
Intelligent notifications at each processing step so your team acts on what needs attention.
AI-powered document interpretation across structured and unstructured invoice sources.
Configurable automation rules that reduce manual touchpoints throughout the settlement cycle.
Faster Response Times, Improved Accuracy
For teams that need expert support alongside automation, Shipwell's Freight Pay and Audit Managed Services provides payment accuracy oversight and compliance assistance. Your team gets faster issue resolution without carrying the full audit workload internally.
Key capabilities:
Intelligent payment notifications that surface issues before they require escalation.
Automated payment processing with built-in accuracy checks on every transaction.
Settlement workflow optimization that reduces time spent on manual reconciliation.
Discover How Home Chef Achieved $1 Million+ In Savings: Reduced Costs and Increased Efficiency.
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.
