Name: Trax Open Logistics Settlement Platform
Author: Trax Technologies

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Java Technologies

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Business Intelligence (BI)

Collaboration

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Electronic Signature

Interactive Voice Response (IVR)

Supply Chain Management

Enterprise

Accounting

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Benefits Administration

Corporate Learning Management

Credentialing

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Payroll

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Talent Management

Workforce Analytics

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Data Center Outsourcing (USA)

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Fraud Detection

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IT Asset Management

Integration Platform as a Service (iPaaS)

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Marketing

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Sales

Animation

Building Information Modeling (BIM)

Equipment Rental

Insurance Suites

Investment Portfolio Management

Legal Billing

Public Sector Software

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The Trax Open Logistics Settlement Platform is a transportation spend management solution designed to help businesses manage and control their global transportation costs. According to the vendor, this platform caters to clients with complex supply chains, including some of the world's largest networks. It is utilized by supply chain managers, logistics managers, transportation managers, procurement managers, and finance managers across various industries such as retail, consumer packaged goods (CPG), technology, manufacturing, and healthcare & life sciences.

## Key Features

**Transportation Spend Management**: According to the vendor, the Trax Open Logistics Settlement Platform offers transportation spend management solutions to help businesses manage and control their global transportation costs. It aims to optimize transportation spend, improve data quality, and provide insights for logistics management optimization strategies.

**Freight Audit & Freight Data Management**: The vendor states that Trax provides comprehensive freight audit and freight data management capabilities. Users can manage international transportation, including freight audit, rate management, carrier payment, and data and policy compliance. The platform ensures that transportation invoices meet contractual rate agreements and comply with enterprise procure-to-pay policies.

**Performance Management**: According to the vendor, the Trax Open Logistics Settlement Platform includes performance management features to help users master the financial performance of their international transportation network. Users can gain insights into match rates and accrued vs. actual variances for ongoing optimization. The platform provides visibility into financial commitments before an invoice is posted into financial systems, reducing the need to account for inconsistencies from vendors in accrual planning.

**Transportation Optimization**: The vendor claims that Trax's transportation optimization features help users optimize their transportation network and achieve better control of transportation spend. The platform allows users to build a nimble network by working with manufacturers, suppliers, distributors, and other partners to ensure on-time, quality shipments. Users can identify opportunities for cost reduction, waste elimination, and increased distribution capabilities.

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ShipStation

ALK Technologies, acquired by Trimble, developed PC*Miler, a transportation management and route planning application for trucking entities needing geomapping and GIS information. The product is now offered under the Trimble MAPS brand.

PC*Miler

Trimble MAPS PC*Miler

Trax Open Logistics Settlement Platform

Transportation and Logistics Software automates and aids in the management and optimization of activity across a company's distribution network or shipping area, particularly with managing costs of shipping and freight, meeting service agreements, and reducing transit time.

Transportation & Logistics

Trax Technologies

TrustRadius is a technology and business research firm based in Austin, Texas. The company is known as a review platform for verified B2B technology and software reviews through a proprietary algorithm and human verification.

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Transportation & Logistics Software

Trax Open Logistics Settlement Platform

Overview

What is Trax Open Logistics Settlement Platform?