Squeezing your dollars and pinching your pennies.
With money tight, it pays to wring the maximum advantage from every dollar.
To boost the efficiency level of your logistics operations toward “best-in-class” status, the movement of information, and money, is as critical as the movement of shipments at the loading dock.
Managing your cash-to-cash cycle lets you keep your dollars working for you, fully leveraging carriers’ payment terms, while still paying bills in a timely manner. Not only does this avoid late fees or finance charges, it pays dividends when renegotiating shipping contracts, making your company a more attractive customer, likely to receive better terms from carriers.
To help you manage your cash strategically, TOTALogistix has developed a suite of technological tools. Our electronic audit, GL coding, and automated remittance using the ACH (Automated Clearing House) network give you the controls you need.
And best of all? Capturing this information pays a further dividend. You’ll have visibility into your supply chain that was never before possible. Care to take a look?
Turning Over a New Rock -
2 weeks ago