REPORT

Gartner Market Guide for Freight Audit and Payment Providers

Essential report for logistics leaders

We are excited to announce that Transporeon has been recognised as a Representative Vendor in the 2023 Gartner Market Guide for Freight Audit and Payment Providers report.

The freight audit and payment (FAP) market is rapidly evolving due to several factors, including increased e-commerce, advancements in technology, security concerns, and volatility in the transportation industry.

This comprehensive Market Guide report provides logistics leaders with the latest research, trend analysis and industry best practices to ensure they make strategic decisions, which will optimise their operations, reduce costs, and increase efficiency.

Finding your perfect FAP partners

A key part of this efficiency is finding the right FAP service provider. According to a 2020 survey conducted by The Journal of Commerce, nearly 65% of shippers outsourced either their audit or payment process, or both. To help find the ideal partner, the Gartner Market Guide includes a list of Representative Vendors in the global FAP solution provider space, based on Gartner briefings, vendor surveys, and market research.

Europe’s largest FAP provider

We are proud to be acknowledged as a Representative Vendor. Transporeon is a global company with a presence in North America, Latin America, Asia, and Europe, providing services to over 60 customers. While we support customers across a range of industries, we have a strong focus on consumer products, life sciences, pharmaceutical, and automotive. As the largest freight audit provider in Europe, we process over 200,000 daily transactions and manage more than $48 billion dollars in freight spend on our platform annually.

Download the Market Guide

Gartner, Market Guide for Freight Audit and Payment Providers, Brock Johns, Brian Whitlock, Brian Day, 30 January 2023.

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

PLATFORM

Explore our digital platform solutions

Together our products work in harmony to increase transport efficiency along the full lifecycle of freight activities.

BENEFITS

Dock & Yard Management Hub

Headline for Flip 2
  • Bring order to the dock, warehouse and yard with visibility-driven dock scheduling and yard management solutions. 
  • Increase the speed of handling and control downstream processes, boosting productivity by up to 20%.
  • Reduce wait times by up to 30 to 40% and lower detention and demurrage charges.

BENEFITS

Freight Audit Hub

Headline for Flip 2
  • Automate your freight billing process and stay on top of your freight spend for all modes. 
  • Gain a clear picture of logistic operations based on a single source of audited and indisputable data.
  • Improve cash flow.

BENEFITS

Freight Sourcing Hub

Headline for Flip 2
  • A structured and scalable way to source the right partners for your spot, seasonal and long-term contracts.
  • All modes are all covered, from FTL to LTL, ocean, air and rail. 
  • Easily benchmark your procurement results with peers in your industry.
  • Become part of a global collaboration network.

BENEFITS

Insights Hub

Headline for Flip 2
  • Always stay one step ahead.
  • Gain useful insight into your performance as well as that of your logistics partners.
  • Identify bottlenecks and inefficiencies.

BENEFITS

Transport Execution Hub

Headline for Flip 2
  • Move more freight and worry less. It’s the smartest way from load to asset, and vice versa. 
  • Incorporate spot shipments into your daily tactical execution process and rely on real-time insights.
  • Expand your pool of potential partners.

BENEFITS

Visibility Hub

Headline for Flip 2
  • Real Time Visibility as a companywide capability, rather than a feature. All modes, all covered. 
  • Reduce check calls and automate processes.
  • Reduce wait and dwell times with more accurate ETAs.
  • Reduce CO2 emissions and empty mileage.