Thursday, August 4, 2011

Firm develops new e-commerce solution for ocean freight industry

August 4, 2011, 12:55pm

MANILA, Philippines — INTTRA, a provider of e-commerce applications to the ocean freight industry, has developed an automated invoice comparison and dispute initiation system, called INTTRA Automatch.

Available with INTTRA eInvoice, the electronic invoice presentment and dispute management product, Automatch eliminates the need for manual invoice verification, said Parsippany, a New Jersey-based company.

INTTRA Automatch identifies and initiates invoice disputes automatically using configurable business rules established by the shipper.

Through its own industry analysis, INTTRA learned that at least 25 percent of all invoices in the ocean freight industry are disputed.

In addition, companies are spending hours and potentially hundreds of dollars per invoice to manually process invoices to detect discrepancies, and initiate and manage the dispute.

“INTTRA Automatch makes the process nearly instantaneous, reducing dispute management costs and increasing accuracy and transparency to the shipping partners,” the company said. (EHL)

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