Intelligence in the “world” of freight bill audit & payment
Auditing and paying international freight invoices and providing a true worldwide solution for global freight audit and payment services are not the same. Many North American domestic providers with facilities in the United States boast of international processing capabilities because they process invoices originating in other countries and destined to the United States. These types of invoices do not represent the typical characteristics of invoices from around the world; generally they are presented in a single currency, weight measurement, language and do not record information such as Value Add Tax (VAT) or other applicable taxes that apply to transport charges around the world. These invoices typically lack the data elements that are necessary to properly audit and pay invoices in the global market.
nVision provides a single source global platform and database for those customers seeking a “one stop” solution. Our proprietary innovative value creating technology is designed to accommodate all aspects of invoice processing regardless of origin or destination. For example we have audit tables designed to calculate the specific amount of VAT (Value Add Tax) due on an invoice based on the payment terms, the ability to validate Incoterms and to perform currency conversions and report charges in a single corporate currency as well has the billing currency.
Benefits include:
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