Freight Operations Overview
- 1. Comprehensive system for all SEA and AIR Freight operations
- 2. System integrated with Financial Accounting system
- 3. Comprehensive Freight Documentation
- 4. E Docket feature – facilitates sharing documents with all stake holders
- 5. Discussion Notes for better collaboration with team members
- 6. Tracking of milestones at shipment, equipment and Package levels
- 7. Apportion of costs by console and shipments
- 8. Job wise Profitability at finger tips, both at pre-billing and at Billing stage
- 9. User defined activities and milestones
- 10. Multi company, Multi branch, multi office, multi-currency complaint
- 11. Opex / Capex License model
Newton Freight Advantages
- 1. Agreed Rates – Tariff, Long term, Spot for both Revenue and Cost
- 2. Operations
- a. Air - Export, Import, Domestic, Consolidation
- b. Sea - Export, Import, Domestic, Consolidation
- 3. Billing – Revenue and Cost
- 4. Accrual – Revenue and Cost
- 5. Accounts – Chart of accounts, Bank and Cash Transactions, Journals, Bank reconciliation
- 6. E Documentation: Upload feature to upload all scanned export documents with linkage to Jobs, Billing and Accounts in the system
- 7. Technology
Newton Freight Features
- Way bill Stock Maintenance – Carrier and House both
- Export, Import, Domestic all covered
- Assign job to executing office
- Provision for Consolidation / Deconsolidation
- Provision to capture Transshipment Details
- Provision for Capturing Routing Details
- Capture user defined Activities for Job
- Useful for tracking jobs
- Definition of Internal and Client Milestones
- Useful for Activities based billing (Both revenue and cost)
- Way bill charges to be printed on the document
- Billing sheet for capturing revenue and cost charges and seeing jobwise profitability
- E-Documents – Provision to upload all scanned documents against job
- Discussion notes for a job (both internal and external)
- Standard reports for jobs – POL, POD, Country, Shipper Consignee, Carrier etc.
- Job profitability report across all services
- Billing can be captured for Job and General Services
- Provision to Create Invoice, Debit note, Credit Note
- Revenue
- Credit note can be General or against Invoice and Debit Note
- Debit Note can be General or against Credit Note
- Billing currency can be different from base currency
- Provision to pull charges from Job
- Tax details are populated automatically based on configuration
- Summary of charges in both billing and base currency
- Provision for authorization of billing
- On authorization posting of details to accounts
- On payment, Receipt and adjustment details are shown against documents for visibility of outstanding adjustments
- E-Documents – Provision to upload all scanned documents against billing
- Discussion notes for billing (both internal and external)
- Can be defined
- Accrual - Revenue and Cost Recognition of all unbilled and open jobs
- Work in progress – removing profitability for all billed and open jobs
- Can be set as Periodic
- Monthly
- Quarterly
- Yearly
- Generation of accrual for a particular period will show
- Charge details with jobs
- Account wise summary which will be posted in accounts at the end of period and reversed next day
- Provision for authorization of accrual
- On authorization posting of details to accounts
- E-Documents – Provision to upload all scanned documents against accrual
- Discussion notes for accrual (both internal and external
- Definition of Chart of Accounts and grouping
- Bank and Cash Transaction
- In document currency and base currency
- Outstanding adjustments (both Sales and Purchase) in both document and base currency
- Automatic exchange gain loss JV
- Provision of booking TDS / Withholding tax and auto creation of TDS JV
- Printing of Advice and Voucher in both document and base currency
- Journal Voucher
- Separate journal vouchers – Normal, On authorization of bill, Exchange gain loss, TDS / Withholding tax, Accrual
- Printing of journal voucher in base currency
- All standard reports – Bank book, Cash book, Journal register, Ledger, Trial Balance, Outstanding, Ageing etc.
- Bank reconciliation
- Manual entry of upload of bank statement
- Auto debit and credit flagging
- Provision for manual flagging in case of mismatch
- Previous or cheque reversal flagging
- Reports Flagged and unflagged data, Tally sheet and Periodical final reconciliation statement
