Accelerating growth isn’t a dream of ours, it’s a reality for our customers.
See how Navix is helping our customers nurture growth in ways they’ve never imagined. From boosting profitability and optimizing efficiency and improving cash flow, Navix delivers in more ways than one.
Evans Transportation
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Navix enables Evans Transportation to increase profitability by 10x.
Background
Evans faced pressure to deliver increasingly large volumes of freight while facing labor shortages. Additionally, Evans was experiencing invoicing bottle necks. This resulted in an order-to-cash cycle of more than five days which was impacting cash flow. Lastly, Evans was having to assign more personnel to their invoicing process to keep pace with volume, which kept them from focusing on other strategic areas of the business.
What we did
Evans chose Navix because of our ability to automate the freight audit and invoice process and the assurance that they would be implemented and running quickly.
Results
By implementing the Navix platform quickly, Evans benefitted from an increase in workforce efficiency. The team no longer needed to manually process invoices and were assigned to other key business areas.
By implementing Navix, Evans was able to increase volume without adding headcount and realized a 10x increase in profitability in two years.
Due to the AI enabled Navix platform, Evans was able to automate their invoicing process and reduce their order-to-cash process to under three days.
Armstrong Transport Group
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Armstrong Group uses Navix to increase load volume by 7x with no additional headcount
Background
Armstrong Transport had a vision for starting an LTL division of the business in order to provide more solutions to their customers and grow the business. The Armstrong back office process was not optimized to support an LTL business unit. Armstrong had to decide if they were going to outsource their freight audit and invoicing process, build their own technology or purchase a platform to automate the process.
What we did
Armstrong decided to implement Navix as their freight audit and invoicing solution and invest their internal development resources and outsourcing dollars in other parts of the business.
Results
Through Navix's AI software, Armstrong benefitted from a 90% increase in their workforce efficiency.
By automating their back office process with Navix, Armstrong experienced a 7x increase in load volume in 18-months without additional personnel.
The Navix platform and customer success team were able to get an understanding of Armstrong's business and began automating and alleviating their burden in under one week.
HaulRight Corporation
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HaulRight sees a 45% increase in cash flow with Navix
Background
HaulRight was struggling to keep up with their invoicing process which was taking more than 30 working hours per week to process and was growing due to the increase in volume. This inefficient process was costing more than time; it was having a negative impact on their business. Delays in accounts receivables and payables, an impact on their credit score and growing dissatisfaction from carriers were limiting their profit and their ability to scale.
What we did
HaulRight chose Navix because of their speed of implementation, the ability to automate the invoicing process and to help them scale the business profitably.
Results
What was once the primary role of a full-time employee, HaulRight spends less than two hours per week managing the invoicing process.
Navix has enabled HaulRight to reduce their accounts payable by 20-days which has improved carrier satisfaction by over 20%.
Due to the AI-enabled Navix platform, HaulRight improved their DSO by 20-days which improved their cash flow by 45%
Q Carriers
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Increasing Workforce Efficiency and Gaining a Strategic Focus at Q Carriers
Background
Q Carriers was managing their freight audit and invoicing through a dedicated email address and had two full time resources dedicated to this AP and AR function. Keeping pace with the volume was challenging due to the manual and time intensive nature of the process. Additionally, there was little uniformity in the approach so bringing on additional internal resources would have required extensive training and onboarding.
What we did
Q Carriers chose Navix instead of choosing to outsource their
freight audit and invoicing and have streamlined how they
manage and process invoices.
Results
By automating their freight audit and invoicing process with Navix, Q Carriers experienced a 50 percent increase in their financial operation.
Due to the efficiency gains, Q Carriers has been able to reassign resources to other strategic areas of the business.
Running Ox Logistics
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Running Ox sees immediate savings and boosts workforce efficiency thanks to Navix
Background
One of the keys to growth is ensuring great service for carriers. The team at Running Ox is committed to providing excellent service. It is why they would often worked overtime to ensure invoicing was done timely and correctly. Taking this manual, time-intensive approach prevented the Running Ox team from focusing on sales and other strategic growth areas of the business.
What we did
Running Ox implemented Navix's industry-leading freight audit and invoicing software to automate their freight audit and invoicing process, improve efficiency, and enable better client and carrier satisfaction.
Results
By automating their audit and invoicing process, there was an immediate impact on workforce efficiency and their team was freed up to focus on growth initiatives.
Through the power of the Navix solution and the speed of implementation, Running Ox experienced an immediate savings of $20,000 which improved the overall bottom line.
Veritas Logistics
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Creating Efficient Workflows at Veritas Logistics to Automate Cash Conversion and Accelerate Growth
Background
As with every new business, the struggle arises between continuing to sell while maintaining operational excellence. For Veritas Logistics, each new customer created a greater demand for processing invoices and collecting payments, which quickly became 6-8 man-hours of work daily to accomplish. The time required meant less opportunity to sell and a massive intrusion into home life.
What we did
Veritas implemented Navix' industry-leading freight audit and invoicing platform to streamline the accounts receivable process and improve the cash conversion cycle.
Results
Through Navix's AI software, the Veritas leadership saved 20-25 hours per week that had been spent processing invoices. This has given them additional time to focus on other strategic areas to grow the business.
With additional time, the Veritas leadership team was able to secure more business, processing four times the invoices without adding additional personnel.
By automating the process of auditing invoices, Veritas experienced a significant decrease in the number of invoices past due, creating a healthier cash flow.
