by Bryce Bernard | 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 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 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...
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 Bryce Bernard | Jul 26, 2023 | Blog, Cash Conversion Cycle, Freight Audit & Invoicing, Technology
One of the things every business owner knows is that little things make the difference and that when you get the small things right, it often leads to positive and impactful outcomes. One of those things that many freight brokers and third-party logistics providers...
by Eric Krueger | Jul 13, 2023 | Artificial Intelligence, Blog, Cash Conversion Cycle, Freight Audit & Invoicing, Technology
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, there have been some widely accepted myths in...
