Basic Concepts

The following are basic concepts that Certuspact applies

Terminology

In a relationship where the shipper requests movement of goods and the carrier performs the service, Certuspact refers to the shipper as the customer and the carrier as the trade partner.

Customer Funds

Certuspact does not take control of the customer's funds to pay the carriers to earn interest on the funds. This practice could create a conflict of interest between all parties as in certain cases the earning of interest on the funds, while in trust, might be part of the transaction fee.

Disbursement Detail

Certuspact will provide detailed cash requirement and disbursement reports to the customer for the use of settling invoices that are due in their normal payment process.

Exception Workflow

The Certuspact process manages invoices by exception. The system will identify exception invoices based on the customer's rules and present these invoices to the relevant users in order to continue the process. This work flow isolates, eliminates and reduces errors and disputes. If there are no exceptions then the freight bill will be processed through the application with no human intervention.

Accounts Payable Reconciliation

The customer can only approve billed amounts from the trade partner. This results in an automatic reconciliation between the customer's accounts payable and the trade partner's accounts receivable. The assumption is that the trade partner has a vested interest to make sure that the customer settles the billed amount. This places onus on the trade partner to correct the invoice in a timely manner.

Instant Online Error Correction

Certuspact does not penalize trade partners for errors made. Certuspact's application allows the trade partner to correct certain errors online, ensuring that the process is more efficient.

Enhanced Relationships

Certuspact does not replace the relationship between the customer and the trade partner, we enhance the relationship by providing a tool that allows the customer and the trade partner to resolve invoice issues in one place.

Due Diligence

Certuspact performs due diligence with the customer to ensure the services offered will add measurable value to the customer's organization. Real scenarios within the application are presented to the customer and trade partner for review and evaluation.

Selecting a Provider

Certuspact encourages customers, when selecting a freight bill automation service provider, to request that both the customer and the trade partner have an opportunity to evaluate the application and/or the proposed processes and request a demonstration with real rates and invoices.