AI-powered AP invoice automation for freight forwarders

Save extracted invoice data directly into your TMS, collaborate effortlessly, and handle exceptions all in one place with Raft. Transform your finance workflow into a streamlined, precise system while gaining clear insights into your business performance.

Zero-touch invoice automation Our holistic platform improves AP invoice management by automating the entire process (Zero-touch as we like to call it): from real-time document scanning within emails to instant invoice processing and reconciliation. With Raft, invoices are synced into your Transportation Management System (TMS) within seconds, eliminating the need for manual intervention and significantly shortening turnaround times. It’s all about letting the technology do the work, ensuring your operations run smoothly and effortlessly.

Human touch within an automated system When exceptions arise, Raft's user-friendly dashboard simplifies resolution. Detailed, easy-to-understand notifications explain exceptions, allowing for quick corrections. Our centralized exception management dashboard drives cross-team collaboration, reducing the time spent on back-and-forth communications. With features to sync across teams, assign specific access, and comment directly on invoices, resolving issues becomes a streamlined process, ensuring nothing slows down your finance operations.

Solve for what you didn’t know was broken Unlock the full potential of your AP processes with Raft's advanced analytics. Dive deep into your operations with detailed, graphical reports on automation performance, identifying bottlenecks and process improvements in real-time.

• How many invoices do we process per month?
• Why do invoice for some vendors seem to fail more?
• Which team members need extra support?
• What’s the status of all our account payables?

Extra mile efficiency on all types of invoices Raft can handle more than just standard invoices, whether it's allocating various currency charges on a single invoice or managing costs across multiple shipments. Fuel fees in USD? Customs charges in EUR? No problem. Raft ensures every detail is accurately synchronized with your system of records, ensuring each charge lands precisely where it should.

Your passport to hassle-free global tax handling Raft offers the power to help you fine-tune tax settings in your Transportation Management System (TMS) and accurately identify charge codes, making it ideal for the diverse tax regulations of any country. From Singapore's specifics to Brazil's peculiarities, together with Raft you can ensure that processing tax on your AP invoices becomes straightforward.

The “flow” in workflow. Streamlined for rapid resolution. The platform brings clarity by assigning clear ownership of incoming AP Invoices to specific teams or members. When manual intervention is necessary, like when accruals don’t match the invoice, there's no guesswork — everyone knows exactly who in the team to reach out to. With customizable permission levels by team member, tolerance levels by vendors, and approval flows, managers are liberated from the mundane tasks, allowing them to focus on high-priority items.

Trust the trail. Every detail and change documented Raft's audit trail feature is the definitive ledger that records the who, what, and when, providing a trusted record that speeds up resolutions, error detection, and enhanced decision-making.

Features

• Automated Invoice Capture: Extract data from invoices using AI for faster processing.
• Smart Validation: Verify invoice details against purchase orders and contracts automatically.
• Approval Workflow: Route invoices to the right stakeholders for quick approvals.
• Real-Time Tracking: Monitor invoice status and payment timelines with full visibility.
• Integration Capabilities: Connect seamlessly with ERP and accounting systems.