Industry leaders join forces to enhance financial visibility, improve resource utilization, and drive scalability.
Minnetonka, MN, June 20, 2024 Navix, a pioneering force in freight audit and invoicing automation has announced a new partnership with Flock Freight. Through this collaboration, Flock Freight will leverage Navix’s AI-powered platform to scale more efficiently, improve visibility into their invoicing exceptions, and access real-time business data to empower better decision-making.
Before this partnership, Flock Freight relied on multiple systems and manual intervention to process and audit LTL freight bills, a time-consuming and error-prone method that required numerous personnel.
As they evaluated potential solutions, Flock Freight wanted to enhance accountability with internal financial stakeholders, in addition to carrier and customer partners. Further, it was important to have robust cost controls, greater financial visibility and reporting, improved velocity for carrier payments and customer invoicing, enhanced accuracy, and the ability to scale without adding more overhead.
Several things stood out to Flock Freight that made Navix a clear choice. The ability to influence both carrier payables (A/P) and customer receivables (A/R) on one screen is chief among them. Additionally, being agnostic to the consumption method of invoices and documents (meeting carriers where they are) and offering a competitive and non-punitive pricing model were clear differentiators.
“As someone who has implemented many FPA solutions in the past, it’s clear that Navix has been designed from the ground up to cater to the ever-evolving needs of those in the business of moving freight, said Todd Tedder, Director of LTL for Flock Freight. “We look forward not only to the immediate impact of this partnership but also to the long-term growth and scalability of our business.”
“We are thrilled to partner with a forward-thinking company like Flock Freight. Their commitment to innovation aligns perfectly with our mission to modernize freight audit and payment processes, said Eric Krueger, Co-founder and CEO of Navix. “Together, we’re not just improving operations; we’re setting new industry standards and seeing our clients experience substantial growth.”
About Navix
Navix automates freight audit & invoicing for freight brokers and 3PLs easily and delivers results immediately. Navix reduces DSO by a minimum of 3 days, which improves cash flow that can be re-invested in your organization. Navix uses machine learning and AI to flag errors instantly and enable auto resolutions, and easy disputes without having to search for a single pdf, invoice, or document. This enables workers to perform more efficiently and effectively and allows them to focus on the growth of their business. For more information, visit https://www.navix.io.
About Flock Freight:
Founded in 2015, Flock Freight is a FreightTech company fundamentally changing the way freight moves in the United States. By leveraging its patented technology, Flock Freight matches locations, schedules, and compatible shipments, finding the best options to pool freight at scale among trillions of possible combinations. As one of the first freight shipping companies to earn a B Corporation certification, Flock Freight’s solutions for moving fuller trucks on optimized routes results in reduced carbon emissions by up to 40% compared to traditional shipping methods. Flock Freight was recognized as one of TIME’s Most Influential Companies in the World and as a CNBC Disruptor 50. To learn more about the company, offerings, and careers, visit flockfreight.com.