Digitalize REN and ISS to improve compliance and interline settlements
Driving business volume and revenue for railroads of all classes, interline settlements are critical to freight railroad continued growth and continuity.
Yet railroads today often face various challenges when it comes to conducting interline settlements in compliance with Railinc’s Rate EDI Network (REN) and AAR Railway Accounting Rules, including a rising number of disputes and overcharge claims, minimal visibility into data required for dispute resolution, the manual effort involved in processing settlements, and limitations of legacy systems.
In this Industry Perspective, we take a look at what digitalization of REN and interline settlements offers railroads, with a move to next-generation, cloud-based interline settlement software that provides advanced analytics, and smart process optimization and automated workflows. We answer the question of how you can sustain the digital momentum to enjoy a shortened settlement cycle, configure concurrence threshold limits, and identify dispute resolution patterns.
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CloudMoyo empowers rail and transportation companies to gain greater insights, unlock efficiencies, and improve agility in operations, revenue and asset management as well as critical areas of safety, crew scheduling and maintenance. Combined with deep rail industry expertise, our cloud-based, AI-driven solutions leverage cutting edge technology to reimagine railroad digitization.
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