# Trax

> Trax Technologies provides software and managed services for enterprise freight audit, payment and transportation spend management. Its Prizma.AI platform normalizes carrier data, checks invoices against agreements, allocates costs and supplies analytics to finance and logistics teams. The company reports more than $25 billion in transportation spend managed, 125-plus global customers and coverage in over 120 countries.

- **Founded:** 1993
- **Headquarters:** Irving, United States
- **Founders:** J. Scott Nelson (Founder and former CEO)
- **Products:** Prizma.AI, Freight Audit, Payment Control, Rate Control, Cost Allocation
- **Notable:** Company reports $25B+ in transportation spend managed and operations supporting 120+ countries., Manufacturer case reports $65M in overdue payments cleared, 80% invoice automation and over 90% first-pass yield., Consumer-goods case reports freight forecast variance reduced from 40% to 2%.

## Products & services

- **Prizma.AI** — Enterprise freight audit and spend management platform connecting invoice intake, data normalization, audit trails, carrier collaboration and analytics.
- **Freight Audit** — Checks freight invoices across transportation modes and regions against contracted rates and shipment records.
- **Payment Control** — Automates payment scheduling and close-file workflows; supports ERP disbursement or direct carrier payments.
- **Rate Control** — Central repository for contracts, rate sets, amendments and spot quotes with approval workflows and expiration alerts.
- **Cost Allocation** — Assigns freight charges to financial dimensions including general ledger accounts, cost centers and SKUs.
- **Data Integration Layer** — Connects and normalizes carrier and enterprise data from different systems and formats.
- **Carrier Data Compliance and Match Manager** — Enforces carrier data standards and matches invoices to shipment information, rates and payment terms.
- **Emissions IQ** — Uses normalized freight data to support shipment-level transportation emissions reporting.
- **Logistics IQ** — Transportation spend and performance reporting built on audited and normalized records.

## Achievements

- Company reports $25B+ in transportation spend managed and operations supporting 120+ countries.
- Manufacturer case reports $65M in overdue payments cleared, 80% invoice automation and over 90% first-pass yield.
- Consumer-goods case reports freight forecast variance reduced from 40% to 2%.
- Pharmaceutical case reports more than $100M in validated savings in 2023.
- Technology manufacturer case reports $2B+ annual freight spend processed and approximately 10.01% savings.
- Company lists recognition in the 2026 FreightTech 100 and 2026 Inbound Logistics Top 100 Logistics & Supply Chain Technology Providers.

## Latest updates

- **2025-10** — Published detailed Prizma AI platform overview, including document extraction and AI-assisted exception management.
- **2025-11** — Announced acquisition of European freight-audit provider EM6 on November 18.
- **2026-01** — CEO retrospective described Prizma.ai launch and EM6 acquisition as milestones of 2025.
- **2026-04** — Published explanation of Emissions IQ using normalized freight data for carbon management.

## Links

- Website: https://www.traxtech.com/
- LinkedIn: https://www.linkedin.com/company/trax-tech/
- Twitter/X: https://twitter.com/TraxTech
- YouTube: https://www.youtube.com/@trax_technologies
- Facebook: https://www.facebook.com/TraxTechnologiesInc/

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Profile page: https://yespress.io/trax
Published by YesPress — https://yespress.io
Last updated: 2026-10-01