Freight logistics companies operate through different models where some are on point to point while others are on hub and spoke. A few of the providers operate through owned trucks while majority have a mix of owned and hired trucks for haulage. While own trucks ensure safety and reliability, the hired segment offers agility during peak business seasons. Both have their pros and cons. In the case of the owned trucks, fleet management is an major cost centre, whereas in the hired truck engagement model, the truck hire reconciliation process are often a cause of headache for the operators. Let us look at the hired model in this post.
- Part advance payment at the booking point
- Part payments en route (agency, transshipment or branch)
- Final settlement at the point of delivery
- Full settlement at the time of submission of POD
- Manipulation of the hire document by the truck driver
- Excess payment made in a manual system
SA-FMS has a real time truck hire and settlement system integrated along with the consignment dispatch and unloading modules that allow each of the touch points to access information about the trips, state of the consignment whether delivered in full or part, assess breakages or shortages and make settlement accordingly.
- Make payment depending on the unloading status of the consignment
- Track complaints based on the truck provider
- Make part / full payment
- Realtime truck hire payment history
- Truck hire forecasting and fund management
