by Eric Krueger | Feb 18, 2025 | Blog, Cash Conversion Cycle, Uncategorized
The cash conversion process is a critical business operation for third-party logistics providers (3PLs) and freight brokers. However, this process is often fraught with obstacles that can negatively impact cash flow and ultimately be an obstacle to maximizing...
by Wil Kratz | Jan 16, 2025 | Blog
“To get our invoicing done, I was putting in at least 20 hours extra per week.” This is what one of our customers told me recently when we were discussing their approach to freight audit and invoicing. It is not the first time that I have heard this from a freight...
by Wil Kratz | Dec 12, 2024 | Artificial Intelligence, Blog, Cash Conversion Cycle, Freight Audit & Invoicing
The cash conversion cycle is an important process for any third-party logistics provider (3PL) or freight broker that wants to improve their financial health. However, in many organizations, the focus on this key area of performance is often left to the CFO and their...
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 | Aug 1, 2024 | Freight Audit & Invoicing, Uncategorized
Armstrong & Associates, Inc. (A&A), a leading proprietary research house, has conducted a thorough review of Navix and its Freight Audi Automation platform. To read the Case Study, visit Armstrong & Associates at:...
