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[...]
Virtually all freight brokers and third-party logistics providers (3PLs) understand the continual challenge of scaling their business while maintaining profitability. Traditionally, increasing business volume meant hiring more staff leading to higher overhead costs which can[...]
Debunking 4 Common Myths about Invoicing, Auditing, and the Cash Conversion Cycle
As long as there has been a logistics industry, organizations have had the challenge of managing invoicing, auditing, and the cash conversion cycle efficiently. And, it seems as long as there have been these challenges,[...]
Four Ways Artificial Intelligence Can Revolutionize Your Business
In today’s rapidly evolving world, we have seen the logistics and transportation industry embracing innovative technologies to stay ahead of the competition. Artificial Intelligence (AI) and machine learning have emerged as game-changers. We are seeing[...]
In today’s fast-paced logistics industry, efficiency is the key to staying competitive. As published in Digital Journal, the freight audit and payment market is set to experience significant growth over the coming years with a[...]
Why The Traditional FAP Model is Broken & What Can Be Done About It
The traditional freight audit and payment process (FAP) is a broken system. This may not be new news to those of us in the industry, but it seems that many organizations have decided that the[...]