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 Wil Kratz | Nov 13, 2024 | Artificial Intelligence, Automation, Blog, Cash Conversion Cycle, Cash flow, DSO, Freight Audit & Invoicing, Technology
Virtually every freight broker or third-party logistics provider is familiar with a Transportation Management System (TMS). A TMS is essential for business operations such as the optimization of routes, the selection of certain carriers, and the planning of...
by Eric Krueger | Jul 5, 2024 | Artificial Intelligence, Automation, Blog, Software, Technology
Texas-based 3PL leverages trusted AI and machine learning platform, Navix.io, to automate back-office operations and gain a competitive edge. Minnetonka, MN, July 2nd, 2024 – Navix, the leader in automated freight audit and invoicing solutions announced a new...
by Wil Kratz | May 9, 2024 | Accounts Payable, Accounts Receivable, Automation, Blog, Invoicing, Proof of Delivery, Technology
Proof of delivery (POD) is a document — signed, stamped, or digital — that confirms a shipment was received by the consignee, including the date, time, delivery location, and the condition of the goods on arrival. In freight, a clean POD is more than a receipt: it is...
by Eric Krueger | Nov 16, 2023 | Accounts Payable, Accounts Receivable, Automation, Blog, Cash Conversion Cycle, Cash flow, Freight Audit & Invoicing, Technology
When you speak to any executive that has been in the LTL market for two years or more, they will likely tell you that of the top five pain points in the industry, two are the following: Getting accurate information from customers Getting paid for services in a...
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...
