|INFORMATION: Free information is available from 3M on the subject in this story. Click here to request a copy|
3M Supply Chain Solutions, a division of diversified technology company 3M and the international operating arm of HighJump Software, has launched HighJump Billing Management. HighJump Billing Management is designed to improve billing accuracy and capture charges on a client-by-client basis for third-party logistics (3PL) providers, logistics service providers (LSP), and outsourced service providers (OSP).
HighJump Billing Management gives companies full visibility into actual costs with comparisons to what was invoiced. This replaces the practice of spreading client costs evenly across all accounts, which can result in an oversimplified and incorrect analysis. Client-level costing data enables accurate labour costs, as well as profit and loss analyses and reporting. The solution also supports complex contractual requirements that often exist between an LSP and its clients, including billing based on material handling transactions, storage capacity utilisation, and client-specific billing requirements.
HighJump Billing Management creates a single billing platform for all systems. This is possible by accepting data imports from other applications, such as those for transportation management, time and attendance and parcel manifesting. HighJump Billing Management also integrates with HighJump Warehouse Advantage and many other warehouse management systems (WMS), and can automatically generate the appropriate charges based on warehouse activity. This helps eliminate the need for manual entry of charges.
Logistics service providers seeking opportunities to grow their operations and become more attractive to current and potential clients will benefit from the HighJump Billing Management solution, said Leo Valentin, General Manager EMEA, 3M Supply Chain Solutions. The solution enables LSPs to provide clients with better service, more accurate billing, and a larger number of value-added services. In addition, overall revenue opportunity is increased with functionality to expand to a multi-use facility.
3M is a $24.5 billion diversified technology company which, since 1902, has been creating innovative products that help make the world smarter, faster, healthier and safer. Well known 3M brands include Scotch, Post-it, Scotchgard, Thinsulate and Scotch-Brite.
3M employs 75,000 people worldwide, producing thousands of innovative products for customers in dozens of diverse markets in some 200 countries. Its 40+ technology platforms touch nearly every aspect of modern life - the company has applied its expertise in RFID technology to deliver biometric passports; it is using its understanding of the healthcare industry to provide hospitals with infection prevention and detection solutions; and its digital signage offerings are revolutionising the way businesses communicate with their customers, their employees and the general public.
The UK and Ireland is home to one of the largest 3M subsidiaries outside the USA, employing 3850 people across 17 locations, including 11 manufacturing sites. Products manufactured in the UK include coated abrasives, respirators, adhesive tapes, industrial microbiology products, drug delivery systems, high-performance coatings, secure documents and passport scanners.