If you can’t seem to find out why your company’s bottom line isn’t improving despite making profits, your accounting solution and practices should give you some hints. As per statistics, you can lose between 1 to 5 percent from revenue leakage, and you may not even realize it till
Data has been undervalued and rarely taken advantage of in the past, but data analytics is changing that concept. Today than ever before, due to the increased digitalization, LSPs can leverage the enormous data insights. Data – that is lost in hard copies or spreadsheets at best – cannot
When a global multi-modal logistics company was unable to control its cash flow for a long time, it dug deep to understand the cause. Surprisingly, the reason for losing grip on their cash flow and revenue was visible in plain sight; just that it wasn’t believable. Little did the
No matter how big or small your company is across the industry, maintaining accounts are the most crucial task. So far small forwarders tend to carry out their work using tally, spreadsheets, or some solutions. And unlike big freight forwarders, among the list of expenses commonly avoided by the
Freight rates management is complicated. Freight forwarders struggle all the time because of the fluctuation in freight rates due to reasons like market conditions, distance, seasonality, disruptions, space issues, high demand, and so on, thus, affects your top line. Even with ever-changing freight rates, freight forwarders must provide stable
