Functional silos and lack of visibility across an organization are two factors that contribute to sub-optimal management of transportation spend. Richard Erickson of Syncada and Allan Miner of C.T. Logistics discuss how freight audit/payment solutions help overcome these challenges.

Although organizations must connect suppliers and customers around the globe, managing worldwide supply chains can cause cost increases and operational challenges, However, Aberdeen Group's latest research, entitled 2012 Best Practices for Closing the Loop on Multinational Transportation Procure to Pay, identifies best-in-class behaviors that enable the top 20 percent of performers to reduce invoice cost, yet process and pay faster than competitors.