The Best Software for
Third Party Logistics (3PL) Providers
The core of any 3PL business is handling products not owned by the company. This makes 3PL software unique and different from WMS software that is designed for warehouses and distribution centers.
While both types of software must have excellent inventory management and order processing features, 3PL software differentiates itself with value-add transactions and storage billing. Accounting and reporting needs can be different too, since KPIs are often reported by customer account.
Transaction charges are as variable as each customer. Whether your 3PL warehouse charges for common items such as in-and-out transactions or for complex, value-added tasks like assembly and kitting, Argos Software enables you to bill accurately for these services.
A two-level-deep BOM (Bill of Material) supports kitting and assembly, handling both the inventory management and charging impacts with minimal data entry requirements.
Storage charges can be configured to meet your customers’ individual requirements. Bill Ahead, Bill Behind, Free Days, Grace Periods and other unique requirements are handled easily. With Argos 3PL software, you can even charge the customer using a combination of area-, item- and location-driven calculations.
A fully integrated accounting software module in ABECAS Insight ensures that charges are captured automatically and transferred to the AR component without the need for re-keying. Insight can also organize data for you to import into your financial software (or your Customer’s) if you use an existing system and aren’t ready to switch.
Cost accounting, with its focus on what it costs to do something, is a critical component of operating profitably as a 3PL. Activity Based Costing, which also records the cost of waiting for instructions or needed components, is also available within the ABECAS Insight software.
Reporting as a 3PL is very different than reporting as a private warehouse or DC. In addition to the regular metrics for order handling efficiencies, speed and accuracy, all these reports need to be sliced and diced for each customer account. A system that does this automatically will save your team many hours every month.
Whether your business is a general distribution partner, a specialist in temperature controlled or hazardous materials handling, or a value-add service provider, ABECAS Insight 3PL software is the right solution for your third party logistics operation. Contact us today to learn more.
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