by Eric Krueger | Jan 8, 2024 | Artificial Intelligence, Automation, Blog, Carrier Satisfaction, Cash Conversion Cycle, DSO, Freight Audit & Invoicing
The five biggest trends reshaping freight audit and invoicing are automation and AI, data analytics and visibility, sustainability and social responsibility, customer experience and loyalty, and faster cash conversion (lower DSO). Together, these shifts are helping...
by Eric Krueger | Nov 7, 2023 | Accounts Payable, Accounts Receivable, Automation, Blog, Carrier Satisfaction, Cash flow, DSO, Freight Audit & Invoicing
Most freight brokers and third-party logistics providers (3PLs) are well aware of the slim margins that exist in the logistics business and that streamlining financial operations is key to organizational health. A key part of financial stability is managing accounts...
by Eric Krueger | Nov 1, 2023 | Blog, Carrier Satisfaction, Cash Conversion Cycle, Cash flow, DSO, Freight Audit & Invoicing
It has long been accepted by third-party logistics providers (3PLs), freight brokers, carriers, and shippers that invoicing errors are just a part of doing business. Multiple research reports state that up to 25 percent of all freight invoices have some kind of error....
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...
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...
