Accelerate productivity
Invoicing data is entered once and can be fully automated. When you post your charges, the full effect of the job is automatically transferred to your general ledger reports.
Automate compliance
VAT treatments, fiscal document classification, Receivables and General ledger postings are all automated - with your users only having to enter data once, if at all.
Simplify cross-border transactions
Our netting system automates high-volume interagent AR and AP invoicing, delivering a single pay or receive result at the end of each cycle.
Solutions
Global logistics.
Total financial control.
In the midst of supply chain disruption, a single financial system creates stability and flexibility.
Job Management and Revenue Recognition
Track job costs, revenues, and profits in real time, posting to your general ledger based on your accounting rules and delivery dates.
Invoicing Automation and Integrated Collection
Process transactions in multiple currencies, significantly reducing the time spent reconciling between payments and invoices, and enjoy integrated debt collection functionality.
Netting Center
Combine multiple transactions into one net payment stream to reduce your payments and foreign currency trades from thousands to a handful each month.
Payables Invoicing and Integrated Payments
Set up invoice approval workflows, manage credits and adjustments, and request FX quotes and payments directly with third-party providers in CargoWise.
Tax Determination Engine
Invoices are issued with the correct tax treatment – including the rate and sub-class of tax – for the countries you’re working in.
Local General Ledger Reporting
From the chart of accounts, you can easily generate profit and loss, balance sheet, and trial balance reports at any time, pulling live financial data without the need for overnight batch updates, or interfaced data from other systems.
E-Invoicing And E-Reporting
CargoWise takes care of the tax determination, transaction classification and actual communication of electronic invoice messages between your system and local government electronic invoicing systems.
Invoicing Compliance
Streamline the reporting of financial documents to relevant authorities in approved formats and produce compliant invoice documents, where required, from within CargoWise after approval by the government authority.
Integrated Job Credit Controls
Evaluate customer balance and credit status during shipment creation, giving your collections team the leverage to collect without disrupting business from key customers.
Standard Cargowise Security Model
Separation of responsibility through security configurations, including A/R credit note controls, A/P invoice controls, and payments controls.
Fully Auditable Transaction History
Maintain a complete audit trail of journal transactions. From billing to invoicing to payment, all your data is in CargoWise.
Currency Controls
Fully configurable foreign exchange protections down to customer, currency, and scenario levels.
Finance that flows with every shipment
Implementing external accounting systems with various plugins for local invoicing and accounting compliance is a huge risk – with the potential for error increasing every time you manually enter or transfer data.
And that’s not even considering the local currency, language, legal, and legislative differences you face every day.
From minimizing late payments to improving cash collection, a single, deeply integrated billing and invoice collection engine is one of the secrets to supply chain success.
Cargowise Accounting is the fully integrated, enterprise-grade and accrual-based accounting system you need to handle your entire financial operations.
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Account payables and receivables
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Supports multiple currencies
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Billing and costing engine
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Agency settlement
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Profitability analysis
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Netting and reconciliation
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Revenue recognition
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Exchange rate determination
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Localized accounting reporting
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System security
Issue compliant invoices across complex jurisdictions
Today, there is no single, straightforward approach to e-Invoicing compliance globally, with the process of e-Invoicing adoption varying greatly between countries. This means you run the risk of non-compliance, unless you are familiar with the laws and regulations in every country you operate in. What’s more, you may also incur significant IT costs in setting up, managing, and maintaining individual e-Invoicing compliance requirements per individual country.
CargoWise takes care of the tax determination, transaction classification and actual communication of the electronic invoice messages between your system and local government electronic invoicing systems. This means you can clear your invoices faster, and reduce the time spent on reconciliation or API-related errors.
Automate the management of your e-invoicing requirements in the countries you operate in
CargoWise supports electronic invoicing as per the latest specifications published by
Vietnamese General Department of Taxation
Indian Goods and Service Tax Network (GSTN)
Egyptian Tax Authority (ETA)
Fiji Revenue and Customs (FRCS)
Hungarian Tax Authority, Nemzeti Adóés Vámhivatal (NAV)
Agenzia Delle Entrate for Receivable and Payable Invoices in Italy
Saudi Arabia’s Tax and Customs Authority (ZATCA)
Spanish Tax Administration Agency for the Immediate Supply of Information platform (or SII)
The National Taxation Bureau of Taipei, Ministry of Finance.
It also integrates with BankPro E-Service Technology Co., Ltd for the upload of Electronic Government Uniform Invoice (GUI) and Credit Note to the tax bureau
Simplify your foreign exchange
Navigating unpredictable exchange rates across multiple currencies with complicated, multi-step FX processes, can be time consuming and error-prone.
CargoWise's native integration to foreign exchange specialist, OFX, means you can initiate international payments via OFX based on the invoices you choose to pay directly from within CargoWise. This can accelerate your cross-border payment processes and minimize the need to re-enter payment details across systems.
Enjoy a centralized view of your international payments for greater financial control and visibility, access to competitive rates across 50+ currencies, and built-in approval processes that prevent misuse and help ensure only authorized personnel can complete transactions.
Talk to an expert
See how leading logistics companies are streamlining their operations with CargoWise - and explore how you can achieve the same advantages.