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Why Your Transportation Management System is Not Enough

Why Your Transportation Management System is Not Enough

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...
How 3PLs and Freight Brokers Can Use Data to Drive Business Growth 

How 3PLs and Freight Brokers Can Use Data to Drive Business Growth 

by Eric Krueger | Nov 28, 2023 | Accounts Payable, Accounts Receivable, Automation, Blog, Cash Conversion Cycle, Cash flow, Data, DSO, Freight Audit & Invoicing

Data is arguably one of the most valuable resources that third-party logistics providers (3PL) and freight brokers have, but in many cases, little is being done to maximize the value that it can provide.   The right data can help optimize operations, improve...
The Power of Reducing Days Sales Outstanding (DSO) for Your Business 

The Power of Reducing Days Sales Outstanding (DSO) for Your Business 

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...
The Importance of DSO for 3PLs and Freight Brokers

The Importance of DSO for 3PLs and Freight Brokers

by Eric Krueger | Aug 30, 2023 | Artificial Intelligence, Blog, Cash Conversion Cycle, DSO, Freight Audit & Invoicing, Real-Time Analytics

“If you can help reduce our days sales outstanding (DSO), that will be a big win.”    This is what I heard recently from the Director of Finance for a freight broker. At the time of our conversation, he had a DSO of more than 47 days and as a...

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