Kuehne + Nagel Commits to INTTRA eInvoice Platform

Posted on 16 Nov 2009 by The Manufacturer

INTTRA, the e-commerce platform for the ocean freight industry, announced that Kuehne + Nagel is collaborating with INTTRA for INTTRA eInvoice implementation.

INTTRA eInvoice is an electronic invoicing, dispute resolution, and payment processing solution designed to enable freight forwarders to receive, process, and pay carrier invoices and offers the potential to cut average transaction processing costs by more than half.

“There are an estimated 150 million invoice transactions processed a year for ocean shipping, with average costs ranging from $20 – $60 per invoice. Logistics Providers and their ocean carriers can benefit from standardising the process, improving visibility to their cash liabilities, and providing a more transparent invoicing process saving time and resources,” said Otto Schacht, senior vice president global seafreight at Kuehne + Nagel.