TDMS Feature

Electronic Payment

CMG Logistics streamlines the Accounts Payable process and structure to meet the Client's specific enterprise requirements. Freight and payment settlement services include:

Complete Payment Visibility
On-line payment history, carrier remittance and banking records of funds receipt and disbursement.

Immediate Funds Disbursements
CMG Logistics disburses funds 24 to 48 hours from receipt. Bank information is validated multiple times per day. Over 90 percent of funds disbursed are available for payment the same day.

Funds Disbursement Controls
CMG Logistics ensures all necessary controls are established for disbursement of funds. Controls include separate freight payment accounts, accounting duties for remittance preparation, approval and funds disbursements. Additional controls available include bonded employees and Employee Crime Insurance through Chubb.

No Interest Policy
CMG Logistics functions only as a custodian for your funds. A separate freight payment account in a non-interest bearing bank account ensures that no inappropriate practice can occur in the receipt or transfer of funds.

Carrier Payment Options
Automated remittance and settlement services. Leverage remittance data to pay carriers invoices through internal payment processes.

Remittance Release
CMG Logistics utilizes carrier specific remittances. Each carrier specific remittance includes an itemized list of freight and shipping transactions for payment. This feature includes detailed “non-pay” transaction information.