Approve Carrier Settlement

Go to Operations → Load Management → Loads → Delivered Loads to approve the settlement amount for a load.

The purpose of the settlement is to confirm that pay to amounts are correct per the broker’s agreement with the Carrier. The actual payment and release of funds is managed by users with the Financial role.

Click the icon next to the load.

Verify that all necessary costs and documents are correct. Click on the Settlement button to continue with the approval. A summary of all rates and payment terms will open. Default days to pay will use the carrier level settings if they exist, or default to the broker level settings. For more information on the carrier settings, refer to this article. For more information on the broker settings, refer to this article. The payment date can also be manually adjusted.

Click Approve to continue. The Payment Amount and Pay Date will update in the load overview.

If any changes need to be made to the settlement, the Adjust Settlement function can be used to update the amounts.

There is also a bulk settlement feature available.

Click the Bulk Settlement button within the filters section. The Bulk Settlement Approval screen will open.

To filter the settlements, enter in text to any of the filtering options. The settlements will be filtered automatically upon entry.

Select the load carrier settlements for approval.

Click Submit Selected to continue. The settlements will be generated and the window will close and an email will be sent summarizing the results.