Elavon Freight Payment

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1 Elavon Freight Payment

2 Elavon Freight Payment Gain efficiencies Improve accuracy Increase visibility Enhance working capital Different regulations, currencies, languages and carriers, each with their own approach to invoicing, can make freight payment processes difficult and resource intensive. Gain the visibility and efficiencies you need with Elavon Freight Payment a single, simple and proven solution that extends beyond invoice and payment functions to bring clarity to your business with a global view across multiple countries so you can see the whole picture without losing sight of a single detail.

3 The more you look, the more Elavon Freight Payment offers Manage freight payment across the globe, across all modes EU einvoice processing VAT audit support Consolidated invoice processing Multiple currency support Multi-language support Elavon Freight Payment integrates the proven technology of one of the world s leading freight payment providers U.S. Bank with the in-depth knowledge of local rules and regulations. Robust online tools are designed to improve your internal processes, save money and enhance relationships with your carriers. Elavon Freight Payment is a comprehensive, end-to-end solution that streamlines and automates your freight payment and audit processes and provides the business intelligence you need to make your supply chain a strategic advantage. All whilst providing the reliability and security that only a bank can provide. Elavon is a certified and regulated EU payment provider. Processing Process any invoice with unrivaled accuracy and efficiency. Streamline processing Eliminate costs associated with billing errors, collections, late payments and reconciling invoices after payment. Automate audit and payment processing for any type of invoice: paper-based or electronic Eliminate duplicate invoices and payments, phantom shipments and incorrect rates Benefit from the acceptance of invoices and support documentation in most languages Integrate seamlessly with other systems Rely on flexible, 100% pre-payment audits Customers typically save 2% to 4% in their monthly transportation costs.* Gain accurate invoice detail at the shipment level, verified against the invoice totals to ensure accuracy Ensure that VAT is applied where required Get real-time invoice details online Put critical supply chain data at your fingertips * Audit savings reflect difference from billed amount to actual paid amount by U.S. Bank and Elavon.

4 Payment Make electronic payments on time, around the globe. Have reliable and predictable payments Adhere to banking standards Receive efficient, electronic settlement in multiple currencies Trade Finance Extend payment terms while still paying carriers quickly optimising working capital for both parties. Improve carrier relationships Carriers reduce days sales outstanding (DSO) and receive quicker payment by leveraging trade finance Enhance cash management Both shippers and carriers benefit by gaining access to detailed expense/revenue data that improves the ability to manage and forecast cash requirements Business intelligence Put it all in perspective with reporting tools that can help you turn raw data into valuable insights. Improve decision making and control costs Identify unnecessary expenditures, excess services and variances from contracts Proactive management to help assess carrier performance Robust reporting helps to analyse spend and compare carrier costs Spend per mode and carrier Variances of invoiced amount compared to rates Lane segment analysis

5 Improvement from every point-of-view Strong relationships with your carriers are critical for a reliable supply chain. However, shippers and carriers are often at odds as shippers want to extend payment terms while carriers want to get paid sooner. Elavon Freight Payment brings shippers and carriers together by reducing the administration burden, providing unique, collaborative tools and trade finance to improve cash flow, processes and costs. Carriers Accelerated Payment Transaction Information Electronic Freight Payment Solution with Trade Finance Improved Cash Flow Transaction Information Shippers Electronic Processing Collaborative Interface Exception Resolution Electronic Settlement Business Intelligence Supply Chain Efficiency Gain efficiency and reduce costs Increase visibility Enhance key partner relationships Improved Cash Flow Shippers Eliminate error-prone, manual processes Ensure correct application of VAT and business rules Re-deploy resources on more strategic business practices rather than working burdensome manual processes or responding to payment enquiries Gain a real-time global view of all freight payments across your organisation Identify cost savings opportunities with data analysis tools Use collaborative platform to track payments and resolve disputes quickly and easily Eliminate the need for internal resources to provide multi-lingual support for payment enquiries Enhance working capital by extending Days Payable Outstanding Carriers Collaborate online with shippers to process, receive payment, and resolve exceptions Streamline accounts receivable processes Ensure accurate application of current rates Resolve invoice enquiries with our dedicated support service Achieve real-time visibility into the status of all invoices Access robust reporting of your accounts receivable data Expedite receivable processing with improved visibility and online reconciliation Remove the risk of non-payment Experience an affordable alternative to factoring Receive payment in as little as two days from invoice approval

6 Local knowledge from a global freight payment leader Elavon Freight Payment is the European counterpart to U.S. Bank Freight Payment the pioneer in automated, electronic freight payment. With native-speaker customer support, Elavon Freight Payment is based in Brussels. Our team of regional experts share in-depth knowledge of freight payment best practices that ensures our proven solution satisfies the requirements of any European shipping destination. Together, with world-class technology, Elavon professionals are helping carriers and shippers alike to deliver more efficiency and more profitability across Europe and the globe. Elavon is a U.S. Bancorp company and provides the freight payment expertise that comes from being part of one of the world s leading payment providers and the financial security of one of the world s leading financial institutions. For more information, contact Adrian C. Samuel Sales Manager Europe T. +32 (0) M E. adrian.samuel@elavon.com Or visit us at Elavon Financial Services. All trademarks are the property of their respective owners. CPS 6000 (03/16) MMWR-84308