Finance Automation Solution
Make better decisions and close the books faster
When it comes to parcel shipping, accurately determining cost allocation is vital for financial clarity and strategic planning. Finance Automation stands out as a powerful tool for achieving this financial precision. Without a way for companies to apply actual costs to each package shipped, or connecting what was supposed to happen with what actually did happen, they are forced to spread the cost evenly across all packages.
General Ledger (GL) Coding
Automating General Ledger (GL) coding for repeatable rules transforms how you handle your finances and simplifies the exceptions management process. By streamlining the process of booking journal entries, you can ensure that your financial operations are seamless and error-free.
Code at the general ledger (GL), channel, store, location, vendor, customer, or any custom level and unlock unparalleled flexibility and insight into financial operations.
With GL Coding, organizations can access early detection of operational non-compliance, identify potential issues early, take corrective action swiftly, and maintain compliance with financial regulations.
Order Matching
Manage costs effectively with order matching, where expected shipping costs are meticulously matched to actual shipping invoices, and benefit:
Accuracy in Billing: Ensure that the billed amount by the carrier aligns with the initially quoted price, safeguarding businesses against overcharges.
Budget Management: Accurate cost predictions help you better manage and forecast your budget.
Financial Transparency: Bring transparency to the shipping process and track where and how your shipping budget is being utilized.
SKU Level Productivity
Conduct a detailed profitability analysis at the SKU, product, or order level, enabling you to pinpoint exactly which items are incurring unexpected fees and surcharges.
Get the level of granularity that’s needed for strategic decision-making, providing clarity on product-level performance.
Share dashboards and insights with key stakeholders across sales, marketing, procurement, and executive teams, ensuring that all departments are aligned and informed. And above all, enhance product line profitability and operational efficiency to optimize your financial health.
ERP Integration
Finance automation software allows you to seamlessly integrate carrier billing data with order, warehouse, ERP, or TMS data to get automated accrual reporting in real-time with unmatched precision. Now, you can gain greater visibility into landed cost-reporting instantly at the package level, enhancing your financial clarity and control.
Plus, get round-trip integration capabilities from Reveel to your customer enterprise data warehouse (EDW) or ERP system, ensuring data cohesion and streamlined operations across your business landscape.
FAQs About Shipping Finance Automation
What is shipping finance automation?
Shipping finance automation is the process of using software to automatically allocate, code, and reconcile parcel shipping costs. It eliminates the manual work of matching invoices, booking journal entries, and distributing costs across departments.
How do most shippers allocate parcel shipping costs across their business?
Many shippers spread shipping costs evenly across all packages, regardless of which product, channel, store, or customer actually generated the expense. This approach makes it difficult to budget accurately. Reveel connects actual carrier invoice data to orders, SKUs, and business units so that costs are allocated precisely rather than estimated.
What is GL coding?
GL coding is the process of assigning shipping costs to the correct general ledger accounts for financial reporting. Reveel automates this for repeatable rules and simplifies exception management, allowing shippers to code at the GL, channel, store, location, vendor, customer, or custom level. The result: cleaner journal entries, faster close cycles, and early detection of operational non-compliance.
What is order matching?
Order matching is the process of comparing expected shipping costs against actual carrier invoices to confirm billing accuracy. When the quoted price and the invoiced amount don’t align, it’s a signal of a potential overcharge. Reveel’s order matching surfaces those discrepancies automatically, protecting shippers against billing errors and giving finance teams a clear picture of where costs deviate from projections.
What is SKU-level productivity analysis?
SKU-level productivity analysis breaks shipping costs down to the individual product, SKU, or order level to uncover which items are triggering unexpected fees or surcharges. Rather than viewing shipping as a single blended cost, shippers can identify which products are most expensive to fulfill and make decisions about pricing, packaging, or carrier routing accordingly.
How does finance automation help with shipping budget forecasting?
Accurate forecasting requires knowing what shipping actually costs — by product, channel, and carrier — not an averaged estimate. Reveel’s finance automation tools connect carrier billing data to order and ERP data in real time, enabling precise accrual reporting and landed cost visibility at the package level.
