Claims Management

Freight Claims Management technology helps shippers and carriers reduce costs by automating manual processes, minimizing data errors and speeding up recovery and resolution.

TALK TO AN EXPERT
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What are the challenges?

  • Cost center: Freight Claims Management adds labor and administrative costs without driving new revenue.
  • Time-sensitive: Freight claim resolution depends on timely communication with supply chain partners. Missing a deadline for a letter, call or email risks a positive outcome.
  • Manual processes: Legacy freight Claim Management depends on manual, error-prone processes that delay recovery and hinder reporting and analysis.
  • Document management: Multiple transportation management platforms complicate the collection and retention of shipment details, including contact info, delivery receipts, bills of lading, damage photos and incident reports.
  • Uptime & data security: System downtime and data disruptions threaten business continuity, while cybercriminals target vulnerabilities in your supply chain network, including freight Claims Management technology.

What are the benefits?

Freight Claims Management technology centralizes data and automates processes to streamline all types of freight claims. By eliminating paper-based workflows, postage, faxing and file management, it cuts administrative costs and reduces data errors.

Centralized claims management

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Automate time-sensitive tasks

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Uncover trends and drive improvements

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Lower administrative costs and errors

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“It makes life so much easier because you have a flexible built-in workflow and system, and you can create your own reports. Claims are not a value-added trait to the supply chain system. Subsequently, anything that you can drive down from a claims scenario is a safe sale, and it increases your sale dollar.”

Jim Hicks
President, Progeny Logistics

Success stories

CASE STUDY

Freight claims management enhances 3PL service

Claims Management solutions help Progeny Logistics reduce manual processes, automate communications and prevent recurring freight claims.

FAQs

A freight claim is a formal request for financial reimbursement filed by a shipper or consignee to a carrier when a shipment is lost, damaged, delayed or when there is an overcharge. Claims can be filed against the transportation carrier and may involve any of over 400 different claim codes related to issues like packaging, delivery errors or cargo damage.

Freight Claims Management is the process of recovering costs when a shipment is lost, damaged (OS&D claim) or delayed during transportation. It involves documenting, reporting and resolving freight claim incidents with the responsible freight transportation provider. Effective freight Claims Management also includes root cause analysis to identify the underlying issues and prevent future incidents.

Freight claims technology is designed to help shippers, carriers and third-party logistics providers (3PLs) efficiently record, report and resolve freight claims. By automating processes and centralizing document storage, the technology streamlines recovery and reimbursement requirements.

Shippers and 3PLs use the technology to manage and track claims, while carriers can convert incidents into claims, keeping all necessary documentation, client details and salvage information in a single cloud-based system.

Additionally, freight claims technology enables users to analyze claims data, helping to identify and eliminate recurring issues.

OS&D stands for Over, Short and Damaged. It refers to freight shipments where cargo is either over-shipped (more than expected), short-shipped (less than expected) or damaged. OS&D incidents typically lead to the filing of a freight claim to recover financial reimbursement for the value of the affected or lost cargo.

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Want to learn more? Reach out to explore how Claims Management software can optimize your transportation operations.

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