How can Logistics Service Providers Reduce Billing Evaluation Time by 80%?
A Logistics Service Provider’s billing department helps in maintaining continuous cash flow into the organization. Accuracy and promptness in billing are in fact directly proportional to the revenues realized.
Unfortunately, billing in logistics is not so simple; there are multiple complexities in terms of different charge bases, advance payments, penalty, exceptions, contract clauses and more. When these parameters are combined with a high volume of business, billing involves multiple rounds of evaluation to ensure that an accurate bill is generated for an end customer. An excess or delay in billing would lead to customer dissatisfaction, and a lower billing would burn a hole into the company’s revenue pocket. We mentioned some of these challenges in our last blog.
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