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Global Freight Audit and Payment Market is Poised to Reach Valuation of USD 3,147.1 Million by 2032 | Cloud Era: Flexibility, Scalability, and Security Shape the Market Says Astute Analyti...

Cass Information Systems, Inc (CASS) 
US:NASDAQ Investor Relations: ir.cassinfo.com
Company Research Source: Yahoo! Finance
Cloud solutions and real-time auditing are in high demand as companies seek efficiency, cost savings, and compliance within increasingly complex supply chains. New Delhi, March 27, 2024 (GLOBE NEWSWIRE) -- According to the latest study by Astute Analytica, the global freight audit and payment market is projected to surpass US$ 3,147.1 million by 2032, up from US$ 727.1 million in 2023, at a CAGR of 17.68% during the forecast period 2024–2032. The freight audit and payment market exhibit significant growth potential as businesses recognize the tangible benefits of streamlining their logistics operations. By outsourcing FAP processes, companies gain access to specialized expertise and technology. This leads to a significant recovery of overcharges (5-15% of freight spend), streamlined processes, and eliminates the need for in-house auditing personnel. Perhaps most crucially, FAP services provide the rich data insights necessary for strategic decision-making, from forecasting to rout Show less Read more
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