Settlements
Automated accounting for the entire logistics operation
&UP® Settlements organises the financial flows associated with logistics services. The module utilises data from the entire process to support settlements with customers, carriers and consignees.
Full control over cash flows
- invoicing of customers sending parcels
- remuneration for hauliers and subcontractors
- cash-on-delivery service
- financial data relating to specific orders
- a complete history of settlements in a single environment
Key features of the module
Not sure which area to start with?
During a free consultation, we’ll show you how &UP® can help streamline selected areas of your operations.
Book a consultationBenefits of implementing the Control Centre
Eliminating manual calculations
Calculations based on actual operational data replace spreadsheets.
Full control over COD receipts
Payments from recipients are transferred to senders in accordance with the agreed schedule.
Fair settlements with carriers
Calculations that take into account the quality of workmanship, not just the quantity.
Improving cash flow
Faster invoicing and online payments reduce the time between providing a service and receiving payment.
–80 per cent
the time taken to prepare the monthly settlements with carriers
100 per cent
the consistency of accounts with actual operational data
Next Day
transfer of COD funds to the sender’s account
Zero
manual accounting sheets
How does it work?
See what the workflow looks like.
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1
Operational data (rates, routes, statuses, PODs, collections) is fed into the module from other modules of the &UP® platform.
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2
The system applies defined billing rules, rates and adjustments in accordance with the contracts.
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3
The relevant documents – VAT invoices, statements and reports – are generated for customers, carriers and consignors.
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4
Online payments, COD transfers and ERP invoicing are processed automatically according to a schedule.