by Eric Krueger | Dec 4, 2024 | Blog, Carrier Satisfaction, Cash Conversion Cycle, Cash flow, DSO, Freight Audit & Invoicing, Invoicing, Technology
Freight audit and invoicing is the process of verifying carrier and shipment charges against contracted rates, accessorials, and proof of delivery before an invoice goes out the door. Done well, it catches billing errors before they become payment disputes, protects...
by Eric Krueger | Jan 24, 2024 | Automation, Blog, Carrier Satisfaction, Cash Conversion Cycle, Cash flow, DSO, Freight Audit & Invoicing, Software
For any freight broker or Third-Party Logistics provider (3PL), selecting the right software to help manage the day-to-day operations of the business is pivotal to success. As a 3PL or broker, you understand the importance of efficiency and accuracy in your operations...
by Eric Krueger | Jan 8, 2024 | Artificial Intelligence, Automation, Blog, Carrier Satisfaction, Cash Conversion Cycle, DSO, Freight Audit & Invoicing
The five biggest trends reshaping freight audit and invoicing are automation and AI, data analytics and visibility, sustainability and social responsibility, customer experience and loyalty, and faster cash conversion (lower DSO). Together, these shifts are helping...
by Eric Krueger | Nov 7, 2023 | Accounts Payable, Accounts Receivable, Automation, Blog, Carrier Satisfaction, Cash flow, DSO, Freight Audit & Invoicing
Most freight brokers and third-party logistics providers (3PLs) are well aware of the slim margins that exist in the logistics business and that streamlining financial operations is key to organizational health. A key part of financial stability is managing accounts...
by Eric Krueger | Nov 1, 2023 | Blog, Carrier Satisfaction, Cash Conversion Cycle, Cash flow, DSO, Freight Audit & Invoicing
It has long been accepted by third-party logistics providers (3PLs), freight brokers, carriers, and shippers that invoicing errors are just a part of doing business. Multiple research reports state that up to 25 percent of all freight invoices have some kind of error....
by Eric Krueger | Oct 10, 2023 | Blog, Carrier Satisfaction, Cash flow, DSO, Technology
We recently had the opportunity to sit down and have a discussion with Curtis Garrett. Curtis is the Senior Vice President, LTL at FreightPlus and also one of the premier experts on the world of LTL. We were able to speak about the future of logistics, some current...
