Freight Payment: The Final Link in End-to-End Supply Chain Visibility
As companies face increasingly complex global supply chains, end-to-end visibility is critical to keeping businesses healthy, providing high-quality customer service and turning supply chains into competitive advantages.
Supply chain managers work diligently to design and manage extended supply chains, while minimizing operating costs and enhancing the customer experience. They balance supply and demand, promote sustainability and drive innovation while wrestling with ever-changing technology and regulatory landscapes.
One aspect of supply chain management that often falls through the ‘operational cracks’ is managing the corresponding financial supply chain. Orchestrating the end-to-end cash flow velocity and supporting transactions is critical to improve working capital, reduce risk and enhance margins and efficiencies. In today’s global supply chains with numerous partners — transportation providers and financial institutions — all stakeholders need visibility into the transactions, parameters and results of the financial supply chain. This is particularly germane when looking at logistics, freight and freight spend. Today’s automated freight payment and audit systems offer businesses flexible tracking and financing programs which accelerate cash flow without impacting balance sheets.
This white paper addresses two key measures in today’s quest for supply chain transformation, and provides insights on how automated freight payment and audit systems can help improve your bottom line in ways you may not have considered..