Trax and TriumphPay Tackle Fraud Prevention at CSCMP EDGE 2023

Trax and TriumphPay Deal with Fraud Prevention at CSCMP EDGE 2023

Trax Applied sciences, the worldwide chief in Transportation Spend Administration (TSM) options, and strategic companion TriumphPay, the premier funds community for freight brokers, elements, shippers, and carriers, are educating trade leaders about strategies for decreasing the danger of fraud inside transportation funds. With U.S. enterprise logistics prices reaching a staggering $2.3 trillion in 2022 and fraud exercise growing 57% in Q2 2023 in comparison with Q2 2022, transportation funds fraud is a large space of concern for world provide chain leaders.

Trax and TriumphPay are co-presenting in the course of the Council of Provide Chain Administration Professionals (CSCMP) EDGE 2023 Provide Chain Convention and Exhibition Mon., Oct. 2, 11 a.m. – 11:45 a.m. EST. Through the session, “Utilizing Knowledge & Analytics to Enhance Provider Relationships,” leaders from each firms will focus on options to multifaceted challenges, together with transportation fraud prevention.

“Trax and TriumphPay are serving to world transportation leaders remedy a myriad of escalating, disruptive challenges by leveraging credible information insights to make knowledgeable selections for improved monetary and bodily flows,” mentioned Steve Beda, Govt Vice President of Buyer Success, Trax. “We even have the chance to show provide chain leaders the worth in using information to create carbon affect transparency by monitoring and decreasing carbon emissions, which assist to positively affect the underside line, relationship administration, and the atmosphere.”

Trax and TriumphPay are creating a seamless integration between Trax’s world freight audit answer and TriumphPay’s funds community to create a extremely safe funds platform for its Fortune 1000 buyer base. This integration will create higher monetary flexibility and improved working capital for each shippers and logistics service suppliers, whereas decreasing the danger of fraud inside transportation funds.

“Our firms have partnered to ship fraud safety, versatile funds and provide chain finance options, and funds safety for transportation funds,” mentioned Josh Bouk, Chief Partnership Officer, TriumphPay. “Serving to provide chain leaders turn out to be profitable in mitigating cost fraud inside transportation networks and leveraging varied cost choices results in elevated provider satisfaction and repair.”

The Trax group is obtainable to satisfy with CSCMP Edge 2023 attendees following the panel presentation at Trax sales space #101. Attendees can study extra about how credible freight audit and cost processing instruments and information utilization can help fraud discount, whereas optimizing delivery prices and transportation carbon emissions.

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