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...
by Wil Kratz | May 9, 2024 | Accounts Payable, Accounts Receivable, Automation, Blog, Invoicing, Proof of Delivery, Technology
Proof of Delivery is More Important Than Ever . . . Here’s Why. Proof of delivery (POD) is the bedrock of operational success for third-party logistics providers (3PLs) and freight brokers. With accurate proof of delivery, you can keep track of inventory and expenses...
by Wil Kratz | Dec 12, 2023 | Accounts Receivable, Automation, Blog, Cash Conversion Cycle, Cash flow, DSO, Freight Audit & Invoicing
“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 | Aug 7, 2023 | 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 Wil Kratz | Aug 1, 2023 | Artificial Intelligence, Automation, Blog, Cash Conversion Cycle, Freight Audit & Invoicing
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...
