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FAP\\\


Issue 8 2019 - FBJNA


21


Deliver Better Global Transportation Results


Significantly improve visibility and reduce costs with enVista's global transportation spend management solutions.


By John Jeter


Time was when time was money. It still is. But with e-commerce and the tightening supply chain compressing time into a final mile, the big money nowadays is in big data—or, as Garry Oswald puts it, “The top trend today in freight audit and payment is data, data, data.” Harold Friedman adds:


“Today, without a doubt, there are two primary areas of focus: digitalization and globalization.


Our business


is all about the data and the business intelligence that a service can provide.”


“The top trend today in freight audit and payment is data, data, data.” -- Garry Oswald, NTS.


Friedman is Senior


Vice President, Global Corporate Development at Data2Logistics, and Oswald is Vice President, Sales and Marketing at National Traffic Service—both executives in


the freight audit and payment business, which is expected to grow 38% to $29 billion in 2021, according to another FAP firm, ControlPay. More than simply green-


eyeshade numbers crunchers who shuffle through carriers’ invoices and pay bills for their shipper clients, FAPs are increasingly leveraging technology that turns all that data back into money. “We recently developed a


best-value carrier report for one of our clients,” Oswald says, referring to a specialty chemical company in New Jersey, which then saved hundreds


of thousands of


dollars after NTS compared shipping charges. “The report takes all of the shipments that


22 >>


Let’s have a conversation. envistacorp.com


• Global Freight Audit & Payment • Carrier Contract Analysis & Negotiation • TMS Selection & Implementation • Vendor Dropship Solutions • Transportation Consulting • Business Intelligence • EDI/Trading Partner Management


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