What are settlements?
Settlement is the process of accrual and reconciliation freight charges and other expenses associated with shipping goods. It involves generating or receiving invoices and supporting documents, reviewing, and processing those invoices and documents.
Shipwell provides a settlement platform for Shipwell customers to collaborate with the carriers and customers around invoices related to freight services. Enable the following and more with Shipwell's Settlements functionality:
- Receive freight invoices from EDI 210, API, uploaded PDF invoices and rendition packets, and in-app generated invoices
- Invoices are automatically run through a First Pass Match process to ensure invoices meet customer configured criteria
- Settlement configurations to align the settlement experience to your workflow
- Generate invoices on behalf of carriers manually or automatically
- Ability to auto-dispute invoices that don't meet your settlement configurations to enhance operational efficiency
- Operationally-efficient Settlement Dashboard identifying all invoices received and their current status that is integrated into the Shipwell platform
- Settlement analytics reports
Technical prerequisites
In order to manage settlements, freight invoices, and related functionality through the API, you must fulfill the following technical prerequisites:
-
Have access to the Sandbox environment in Shipwell, including the ability to
Authenticate
into the sandbox environment with your account
user-token. -
Either a command-line interface with
bashor a tool such as Postman .
Getting started
To get started with Shipwell Settlements API, follow this guide on How to Create an Invoice?.