Keeping a tight handle on billing in a trucking back office is nearly impossible without the right technology. For this reason, trucking and logistics companies typically use billing management systems, like the ones available from Microdea.
These solutions, combined with document management software and workflow automation, can drastically improve efficiency, increase productivity, and save your business money. Let’s take a look at three ways a billing management system will help you reach your business goals.
1. Same-Day Billing
Having long waits between delivering loads and sending invoices out leads to problems with missing documents and slow cash flow. A billing management system eliminates these concerns by allowing same-day billing to occur. Billers can easily log into the system and review which loads are ready for billing and invoice packages can be sent with the simple click of a button.
2. Fully-Automated Billing
A billing management system allows the billing process to be automated all the way from receiving PODs to sending invoice packages to customers. This is essential for companies looking to grow over the long-term because it enables them to expand their load volume without the need to hire more staff to keep up with the growth. All of your invoices are automatically compiled and sent out electronically, with all the necessary documents attached.
3. Eliminating Unbilled Revenue
Misplacing documents can cost you money when they lead to unbilled revenue. Misfiling a billing document can wind up costing you an arm and a leg and, in many cases, you might not even be aware of it. With a billing management system, errors get eliminated and billing documents stop going missing. You’ll have full visibility into every aspect of your paperwork, meaning you’ll get paid in full for every single load you deliver.
Let Microdea improve your billing management services!
Want to learn more about how our billing management system can help your company achieve your revenue goals? Microdea would love to tell you more, so contact us online today to request a free demo.
Founded in 1995 and headquartered in Markham, Ontario, Microdea is a fast growing document management and automation software company serving hundreds of customers in the transportation and logistics industry, including truckload and LTL carriers, private fleets, brokers and 3PLs.