Kuehne+Nagel To Collaborate With INTTRA
Published:28-September-2009
By Staff Reporter
For the implementation of INTTRA eInvoice platform
Germany-based logistics company, Kuehne+Nagel is all set to collaborate with US-based INTTRA for INTTRA eInvoice implementation. INTTRA eInvoice is an electronic invoicing, dispute resolution and payment processing solution that will enable freight forwarders to receive, process and pay carrier invoices. It offers the potential to cut average transaction processing costs by more than half, claims the company.
Otto Schacht, senior vice president of Global Seafreight at Kuehne+Nagel, said: “Invoicing, dispute resolution, and payment processes are highly fragmented across the industry and represent a significant area of cost and inefficiency. There are an estimated 150 million invoice transactions processed a year for ocean shipping with average costs ranging from $20 - $60 per invoice. Logistics Providers and their ocean carriers can benefit from standardizing the process, improving visibility to their cash liabilities and providing a more transparent invoicing process saving time and resources.”
John DeBenedette, vice president of commercial operations at INTTRA, said: “INTTRA eInvoice integrates with any banking relationship and any contract database partnership, enabling customers to realize cost savings more quickly and reduce the estimated $500 million in industry costs from inefficient invoicing processes.”
INTTRA is an e-commerce platform for the ocean freight industry. Professionals at INTTRA work with around 30 carriers to streamline and standardize their shipping processes worldwide.
Kuehne+Nagel Group operates in the seafreight, airfreight, contract logistics and overland businesses, with a focus on providing IT-based supply chain management services.
