by Eric Krueger | Sep 18, 2023 | Blog, Cash Conversion Cycle, Cash flow, DSO, Technology
When it comes to growing your business, effective financial management can make all the difference. Two critical aspects that all freight brokers and third-party logistics providers (3PLs) should be focused on are optimizing cash flow and the cash conversion process....
by Eric Krueger | Sep 7, 2023 | Blog, Cash Conversion Cycle, DSO, Freight Audit & Invoicing, Technology
In any business, cash flow is king, this is especially true for those in the logistics space. With the economic uncertainty and the impact that it has had on the freight market, it is imperative for every organization to improve their cash position. One...
by Eric Krueger | Aug 30, 2023 | Blog, Cash Conversion Cycle, DSO, Freight Audit & Invoicing, Real-Time Analytics
What Is DSO (Days Sales Outstanding)? Days Sales Outstanding (DSO) is the average number of days it takes a freight broker or 3PL to collect payment after invoicing a shipper for a completed load. A lower DSO means cash reaches the bank faster; a higher DSO means...
