Carriers can take steps to improve cash flow—without losing contracts or the goodwill they build with their shippers.
Minneapolis (PRWEB) June 04, 2013
The cash tug-of-war often challenges freight carriers and shippers—both sides want to hold cash longer without sacrificing business relationships. In order for both parties to win, the right freight audit and payment solution can provide the needed communication, collaboration, and cash acceleration—without sacrificing payment terms. Kurt Schneiber, Chief Executive Officer at Syncada, will join a panel of industry experts to discuss how carriers can leverage technology to accelerate cash flow at the 2013 ITLC/NAFC Annual Conference & Exhibition on June 12, 2013.
With variable rates, surcharges, and a large volume of freight invoices, freight invoice management is a complex business. Errors can be frequent and costly, often contributing to delays in payment. By leveraging a collaborative online freight audit and payment solution, carriers can submit invoices and service notifications faster, resolve issues quicker, and proactively communicate with shippers to accelerate payments.
“Freight invoices are complex. When shippers and carriers work together, however, they can make the process more efficient,” states Schneiber. “Carriers can take steps to improve cash flow—without losing contracts or the goodwill they build with their shippers.”
Learn more at “A Comprehensive View of Accelerating Your Company’s Cash Flow” during the 2013 ITLC/NAFC Annual Conference & Exhibition on June 12, or visit http://www.syncada.com/freightpayment.aspx.
Syncada from Visa enables corporate and government clients to increase control over their financial supply chains around the world, regardless of language or currency. Syncada delivers standardized invoice processing and payment for highly complex types of expenses, coupled with integrated financing to corporate and government clients through a network of banks. Syncada processes invoices for hundreds of buyers and makes payments to tens of thousands of suppliers around the world. In 2012, Syncada processed more than US$21 billion in payments and millions of invoices and trade documents. Visit http://www.syncada.com for more information.