by Bryce Bernard | Oct 26, 2023 | Blog, Cash Conversion Cycle, Cash flow, DSO, Freight Audit & Invoicing, Real-Time Analytics
Ask any executive in any industry and one of their primary goals is growth. The same goes for freight brokers and third-party logistics providers (3PLs). Even with all of the turbulence in the logistics industry, the logistics industry is still highly competitive 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 | Sep 18, 2023 | Blog, Cash Conversion Cycle, Cash flow, DSO, Technology
When it comes to growing your business, effective financial management can make all the difference. Two critical aspects that all freight brokers and third-party logistics providers (3PLs) should be focused on are optimizing cash flow and the cash conversion process....
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...
