Freight Audit & Payment Automated with AI/ML
Integrated Contract & Rate Management
Integrated Contract & Rate Management
Digitalize and manage your freight contracts & accessorial charges seamlessly. Track rate changes and renew expiring lanes with a configurable Rate Manager.
Integrated Contract & Rate Management
"My outsourced service provider stores freight contracts as documents with the freight rates & accessorial charges in complete disarray. They are unable to keep a tab of rate updates and this translates into their audit inaccuracies & overpayments.
All your contracts and rates are digitized and version-controlled in a structured format with audit trail on any rate changes through a configurable rate manager. Pando helps you to manage your base & mode specific complex accessorial charges effortlessly as you can leverage a simple low code/ no code option to manage your accessorial charges definition and calculations against your freight contracts.
On-time Freight Accruals
On-time Freight Accruals
Get on-time freight accruals with integrated shipment costing. Plan your budgets & cashflows better with predictive accruals.
On-time Freight Accruals
My finance teams chase me every month to record freight accruals estimates to provision the expenses against the accounting period. However, my freight audit service provider cannot estimate freight accruals as they start the process only after receiving carrier invoices which is 30-60 days beyond the accounting period
With integrated rate management & shipment data, you have 100% visibility to freight accruals through shipment costing at every milestone of shipment (transportation by mode, handling fees, customs, etc.) as its incurred to account for anticipated transportation costs on-time to enable effective budgeting & financial planning. With AI/ML, you can also leverage predictive freight accrual estimations.
Automated Carrier Invoicing
Automated Carrier Invoicing
Discover automated carrier invoicing leveraging contracted rates & integrated shipment data. Drive seamless collaboration with partners.
Automated Carrier Invoicing
More than 25% of the invoices have errors or discrepancies and this translates to constant back & forth with my carriers to audit & pay the invoices. This is a huge drain on my team’s productivity, deviates our focus from core logistics operations, and impacts our carrier relationships!
You can leverage a unified platform with your carriers & freight forwarders to collaborate seamlessly. In this context, with integrated rate management & shipment data, you can automatically generate a proforma invoice for every shipment and enable your carriers to raise invoices in one click. As this is a self-audited process, it helps to translate to almost 100% first-time match rate.
Automated audit & reconciliation
Automated audit & reconciliation
Configure & automate 4-way match audit with contracted rates, shipment data & PO. Drive productivity & 100% audit accuracy.
Automated audit & reconciliation
When we do a post-audit review, we still discover invoice discrepancies and duplicate bills on payments made by our service provider. Due to lack of rate management or access to shipment data, the audits are inaccurate, translating into overpayment of our freight bills.
You can leverage an automated 4-way match of your invoices against your contracted rates, shipment data & purchase order. You can easily configure tolerance levels for automated approvals. With AI/ML, you can leverage OCR to process PDF invoices and automatically detect anomalies (say duplicate invoices) for scaling first-time match rates.
Real-time Collaboration
Real-time Collaboration
Collaborate in real-time to resolve disputed invoices and enable timely payments fostering stronger carrier relationships.
Real-time Collaboration
I have no visibility to any communication between my freight audit service provider and carriers. Their systems are not integrated with carriers and there seems to be too much back & forth in terms of billing clarifications & disputes! Ultimately, I need to pay late fees owing to payment delays and it impacts our relationship with carriers
Enable your carriers with real-time visibility into invoice status and collaborate with them in real-time around unmatched invoices with clearly articulated discrepancies in billing and automated recommendations to fix them to swiftly process invoices. Your carriers would also have 100% visibility of their payment status or a complete breakdown around carrier debit calculations for automating debit notes for recovery in a post-payment audit.
Automate Payment to Carriers
Automate Payment to Carriers
Automate carrier payments across 196 countries, 120 currencies, & 6 payment methods. Enable real-time payment visibility to carriers.
Automate Payment to Carriers
There are so many paper checks and payment settlement queries before the payment is disbursed to my carriers. My freight audit service provider also delays payments or does not communicate payment status creating so much friction with my carriers!
We support payments across 196 countries, 120 currencies, and 6 payment methods enabling you to flexibility, scalability & control across your payment process. You can automate your carrier payments on a predetermined schedule with real-time payment status visibility and ready ERP integrations for payment reconciliations and accurate financial reporting.
Accurate Freight Cost Allocation
Accurate Freight Cost Allocation
Drive accurate freight cost allocation with automated GL code mapping and enable accurate financial reporting.
Accurate Freight Cost Allocation
Freight Cost Allocation is critical for our budget, product pricing & thereby product profitability. However, due to incomplete data, errors & incorrect GL code mapping, the costs are allocated to the wrong expense accounts and significantly impact our financial reporting & analysis.
With deep rate management capabilities to capture complex accessorial charges, inbuilt transportation planning & execution of shipment data and automated & dynamic GL code mapping against transportation expenses (based on criteria like carrier, service levels, shipment type, etc), you have seamless transfer of accurate freight cost to your financial systems driving accurate financial reporting.
Freight Spend Insights
Freight Spend Insights
Gain freight spend insights across costs, carriers, customers, etc. to drive strategic decisions around freight procurement & spend management.
Freight Spend Insights
My freight audit service provider gives me a dump of freight spend data without any insights into freight spend or carrier performance which is critical to making strategic decisions.
Get 100% visibility of your freight spends and dovetail into multiple dimensions – customer, product, carrier, lane, etc to discern insights around your cost drivers like inefficient routes or non-compliant carrier pricing. This helps to make data-driven decisions around carrier selection, contract negotiations, or routing strategies for better cost control & improved customer experience. With AI/ML, you can predict freight spends to help you plan for the future.
Congratulations to Pando for making their debut in the Gartner TMS Magic Quadrant! Our partnership with Pando has accelerated our visibility on ocean freight and improved rate management. Pando has helped us realize significant cost savings, deliver superior customer experience, and collaborate with our ecosystem partners seamlessly to build an agile supply chain. Pando gives us a competitive advantage in the marketplace!
Glad to witness Pando's recognition by Gartner! Through their integration of advanced AI technology, logistics expertise, and top-tier talent, Pando has become a key partner for us. Their solutions streamline our freight procurement to payment processes, driving meaningful changes in our supply chain toward greater agility and sustainability. Congratulations to Pando for their well-deserved recognition!
Congratulations to Pando on the well-deserved Gartner recognition! We needed a unified platform to collaborate with our vendors seamlessly, derive intelligence from our network, plug into our evolving IT landscape, scale with our business, and provide rapid value realization and Pando checked all our boxes. We're proud to be a Pando customer!
Pando's platform provides the end-to-end freight spend visibility, real-time analytics, predictive intelligence and collaborative automation through its AI tools, to optimize our logistics operations. These AI tools complement our supply chain team, so they are able to do more and have a greater impact than before!
Customers
Pando
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