by Bryce Bernard | 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...
by Curtis Garrett | Nov 16, 2023 | Accounts Payable, Accounts Receivable, Automation, Blog, Cash Conversion Cycle, Cash flow, Freight Audit & Invoicing, Technology
When you speak to any executive that has been in the LTL market for two years or more, they will likely tell you that of the top five pain points in the industry, two are the following: Getting accurate information from customers Getting paid for services in a...
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 | 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 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...
by Eric Krueger | Jul 11, 2023 | Artificial Intelligence, Automation, Blog, Cash Conversion Cycle, Technology
The goal of any third-party logistics provider (3PL) or freight broker is to ensure seamless transportation and delivery of goods for their customers. While there are many other business objectives, this is priority one. Making this happen is not without its...
