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 Eric Krueger | Jan 8, 2024 | Artificial Intelligence, Automation, Blog, Carrier Satisfaction, Cash Conversion Cycle, DSO, Freight Audit & Invoicing
Here we are at the start of a new year and much like years past, the one thing that we can expect in the freight industry is change. As we head into 2024, there are some key trends that are shaping the industry and impacting the bottom line of freight brokers and...
by Eric Krueger | Sep 27, 2023 | Artificial Intelligence, Automation, Blog, Cash Conversion Cycle, Cash flow, Machine Learning, Technology
Artificial Intelligence (AI) and Machine Learning (ML) have revolutionized various industries, and the shipping and freight sector is no exception. As freight brokers and third-party logistics providers (3PLs) look to streamline their operations, many are turning to...
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...
by Eric Krueger | Aug 16, 2023 | Artificial Intelligence, Blog, Freight Audit & Invoicing, Real-Time Analytics, Technology
We recently had the opportunity to sit down with Kevin Ziegler, Chief Technology Officer for Navix. With over 20 years of experience in technology and the leader of our technology and development teams, we wanted to get his perspective on technology, AI and what the...
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...
