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Company Overview
Freight Netting provides a platform where freight forwarders can manage payment processes and cash flows in multiple currencies by consolidating receivables and payables and dealing only with the NET amount of all transactions. Freight Netting ensures significant savings from reduced bank charge, lowered forex loss and improved payment settlement efficiency.Why pay more in transaction charges, if you can pay by the net of your payables and receivables throughout your entire network?
Benefits
- Reduced wire transfer cost
- Reduced foreign exchange spread cost
- Reduced float
- Foreign currencies can be aggregated to larger volumes at better rates making it possible to handle smaller movements anytime
- Improved efficiency through a simplified payment process throughout the group
- Cash flow certainty
- Possibility of new business
- Total visibility over AR and AP online
- Electronic matching of receivables and payables reducing agent reconciliation work
- Disputes are highlighted and shown to the group ensuring payment security within your network of agents