Accounts Receivable Management for Transportation and Logistics
Transportation and logistic companies already have a lot to worry about. Between keeping track of shipments and organizing delivery routes, accounts receivable (A/R) is just one more thing you need to spend time and money managing.
What if there was a better way to manage A/R processes that will help cut the time it takes to prepare invoices and keep up with customer payments? Luckily, there is.
How Automated Accounts Receivable Software Can Drastically Improve Your Transportation and Logistics Business.
Your transportation and logistics company needs a steady cash flow to keep up with changes in the industry.
Whether you need to purchase new trucks to keep up with demand or adjust expenses for rising fuel costs, cash is king.
The more cash you have on hand, the more flexible your company becomes, giving you a clear edge over the competition.
Unfortunately, maintaining sufficient cash flow can be a problem for many companies, especially with inefficient transportation and logistic account receivable processes.
Think about it. How much does it cost your business to get the money you’re owed?
Between creating invoices, sending them to the right customers, keeping up with communications, and managing collections, the simple act of getting paid costs your business money!
The key to maximizing cash flow and saving time on AR processes is accounts receivable automation for logistics companies.
How to Improve A/R in Wholesale and Distribution
Automated accounts receivable collection software, like the platform provided by Gaviti, has the potential to optimize your wholesale account receivable processes from end-to-end. This begins with the easy way that A/R automation platforms integrate with your other systems – including your supply chain management platforms, inventory tracking systems, and more. Your financial data gets pulled directly from your key enterprise resource planning (ERP) assets and uploaded to your A/R system for maximum convenience.
How to Improve AR in Transportation and Logistics
Accurate recording – Manual data entry leaves room for human error. For transportation and logistics companies that handle dozens if not hundreds of customers, it’s easy for pieces to fall through the cracks. When you automate AR processes, you eliminate the risk of human error.
Time savings – Every time you send a customer an invoice, your accounting team needs to go through several steps to ensure everything is in order. Each step takes time, which in turn costs money. With A/R collections platform, you can automate many of these processes, allowing your accounting team to focus on more important projects and reducing overall labor costs.
Reduced days sales outstanding (DSO) – The faster customers pay, the more cash you’ll have on hand. Automated A/R software benefits collections in logistics businesses by helping your team stay on top of customer payments. With automatic communication and reminders, outstanding customer payments won’t slip through the cracks, ensuring you get paid for your services in a timely manner.
Leverage financial insights to support long-term retail planning with the help of built-in analytics and performance reviews that go far beyond what basic spreadsheets offer.
Above all, A/R collections automation helps large-scale companies reduce the manual effort of collections and gives them a new way to manage finances that’s easy, simple to use, and scalable with the enterprise.
Optimize Your AR Processes with Gaviti Automated Software
Maintaining consistent cash flow is essential for transportation and logistics companies to remain competitive in an ever-changing market.
By automating AR processes, you can reduce your DSO, increase cash flow, and allow your team to focus on more important projects.
If you’re ready to automate expensive, time-consuming A/R collections processes, Gaviti makes it easy.
We offer user-friendly software designed to simplify the collections processes, reduce manual workflow, and improve team collaboration to maximize your cash flow. Contact us to learn about our outstanding automated A/R collections software and schedule a free demo of our platform.
Why become a Bridger partner?
If a company sends invoices, they can use Bridger. Because of this, there are millions of businesses worldwide that can benefit from the faster payments and optimized accounts receivables that Bridger offers.
We can only reach so many of these companies, so we developed unique ways for partners to make money while helping others grow.
Accounting Firms
Extend your offering and optimise your financial processes with our platform. Gain powerful analytics and reporting tools to create more value for your clients.
Financial Institutions
Enhance your service offerings by facilitating seamless A/R processes for your customers with Bridger. Enable faster access to funds, decreased expenses, and the elimination of errors..
Payment Providers
Connect your merchants to a platform that enables them get paid always, and create additional value for our customers while creating additional revenue streams.
Service Providers
Maintain a competitive edge in the ever-evolving technology landscape and earn additional revenue by partnering with a leading AR solution provider.
"The ease of using Bridger completely won me over. I'm not worried about selling to buyers because Bridger completely eliminates the stress associated with delayed Payments. With Bridger, I get paid."
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