SCINLABS provides a transportation invoice auditing and analytics solution that automates line-item verification of freight bills to identify overbilling and prevent cash leakages. By leveraging data analytics and AI, the platform enables shippers to reduce shipping costs by up to 25 while ensuring accurate financial processes.
Funding
Funding not disclosed
Founders
Product
Problem
Many companies lack the resources to thoroughly audit transportation invoices, leading to overbilling and financial losses. Manual auditing processes are time-consuming, prone to errors, and often fail to identify discrepancies at the line-item level. This results in missed opportunities for cost recovery and inefficient transportation spend management.
Solution
SCINLABS offers a transportation invoice auditing and analytics platform that automates the verification of freight bills to identify overbilling and prevent cash leakage. The platform leverages data analytics and AI to perform granular, line-item audits, ensuring accuracy and compliance with agreed-upon contracts. By providing visibility into transportation spend and identifying discrepancies, SCINLABS empowers businesses to optimize their transportation networks, reduce costs, and improve profitability. The solution supports various shipment types, including parcel, truckload (TL), and less-than-truckload (LTL), and offers customized solutions tailored to specific transportation needs.
Target Audience
SCINLABS primarily serves shippers across first mile, middle mile, last mile and global mile, seeking to reduce transportation costs and improve invoice accuracy.
Features
- Automated line-item auditing of transportation invoices
- AI-powered discrepancy detection and overbilling identification
- Support for parcel, full truckload (FTL), and less-than-truckload (LTL) shipments
- Transportation cost allocation and GL-coding
- Claims management for overbilling disputes with carriers
- Transportation spend analytics for network optimization
- Contract management insights for rate negotiation
- Customizable solutions to suit specific transportation requirements