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...
by Eric Krueger | Aug 22, 2023 | Blog, Cash Conversion Cycle, Freight Audit & Invoicing, Metrics, Real-Time Analytics
Maximizing revenue growth is a top priority for most logistics companies to achieve long-term success. But how can companies ensure that their current operations and strategies are best positioned to achieve those goals? Measuring and tracking specific metrics is the...
by Eric Krueger | Aug 16, 2023 | Artificial Intelligence, Blog, Freight Audit & Invoicing, Real-Time Analytics, Technology
We recently had the opportunity to sit down with Kevin Ziegler, Chief Technology Officer for Navix. With over 20 years of experience in technology and the leader of our technology and development teams, we wanted to get his perspective on technology, AI and what the...
by Wil Kratz | Aug 1, 2023 | Artificial Intelligence, Automation, Blog, Cash Conversion Cycle, Freight Audit & Invoicing
Virtually all freight brokers and third-party logistics providers (3PLs) understand the continual challenge of scaling their business while maintaining profitability. Traditionally, increasing business volume meant hiring more staff leading to higher overhead costs...
by Eric Krueger | Jul 26, 2023 | Blog, Cash Conversion Cycle, Freight Audit & Invoicing, Technology
One of the things every business owner knows is that little things make the difference and that when you get the small things right, it often leads to positive and impactful outcomes. One of those things that many freight brokers and third-party logistics providers...
by Eric Krueger | Jul 13, 2023 | Artificial Intelligence, Blog, Cash Conversion Cycle, Freight Audit & Invoicing, Technology
As long as there has been a logistics industry, organizations have had the challenge of managing invoicing, auditing, and the cash conversion cycle efficiently. And, it seems as long as there have been these challenges, there have been some widely accepted myths in...
