I came over a July 2016 study entitled “Small Shippers Playing Payment Catch Up: Transportation Payment Benchmark Study” by American Shipper https://www.americanshipper.com/Main/Reports.aspx Even though the study is about freight shipments, its’ relevance to all types of Payable is unquestionable. What I took from the report in summary: Ready to…
Invoice Errors in Shipping
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Is your accounting department process Efficient or Adequate?
Which triangle here below depicts your company’s AP and AR process? Ready to automate? Schedule a Demo
How healthy is your AP & AR process?
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3 Reasons Reconciliation process is imperative for Logistics Companies
1. Ascertain “Accurate” profit: When Operation Department close “files”, profit is determined using accrued costs based on quotes received from vendors. This profit then is the “Potential” profit and not the “Accurate” profit. To determine the “Accurate profit”, bills received from vendors have to be matched and reconciled against…
Receive Your A/R Money 10 Days Faster!
Accounts Receivable still remains as a reactive, manual process with many days lapsing to correct errors further delaying collection of funds. The process includes many unnecessary steps that can easily be automated and eliminated. Having insight to the issues ahead of payment time is one point that automation provides. As…
Statement Automation and 40% Savings to Your Bottom Line
How can Automation save 40% to your bottom line? Are you curious about automation and how it can save your department and organization money? To understand automation and the benefits, it’s important to understand the baseline accounts payable process. Let’s begin with one of the standard and manual accounts payable…
5 Signs You Are Ready for Automation
Lately, Automation, The Cloud and New Infrastructure seem to be taking over almost every business sector. Is your company accounting department, particularly your accounts payable department, ready to move into this new automated world? Here are 5 signs that you may be ready for reconciliation automation: You find it difficult…
3 Frameworks for Automating
How long does it take your Accounts Payable team to reconcile their monthly statements? 1 Day? 1 Week? 1 Month? Several months? How could your bottom line improve if reconciliation was much quicker? Now that we’re in the 2nd quarter, we can think strategically about automating the processes that take…
Goh – RSMS Launches
AO Logistics launches Goh – RSMS (Reconciliation and Settlement Management System), a global SaaS (Software as a Service) that automates the accounts payable and receivable reconciliation and settlement process for shipping and logistics companies, worldwide, has launched. Goh – RSMS software provides users a robust and secure online infrastructure for…