In the transportation and logistics industry, your billing processes can make or break your business. That’s why ensuring you’ve got all the latest and greatest technology at your fingertips is key.
For the past 25 years, Microdea has been providing companies the tools they need to save on operations and streamline processes. Below, you’ll find four advantages to implementing billing management software for your transportation or logistics company.
The faster you bill your customers, the sooner you’ll get paid. By streamlining your operations, billing management software increases your cash flow. It makes same-day billing possible and completely paperless, saving you time and resources.
2. Easy Access
Say goodbye to storing documents in folders, boxes, filing cabinets and warehouses. With the right billing management software, you’ll be able to access all of your company’s important accounting information in one place.
Documents are digitized early on in the billing process and made accessible by a simple click. Additionally, without the need to store things physically you’ll minimize the chance that documents are misplaced and make performing audits much easier, as well as save on storage costs.
Data entry can be repetitive, tedious and time-consuming, so it’s no surprise that accounting and billing procedures can often suffer from human error. Luckily, billing management software can automate much of this work, reducing the chances of keystroke errors, inaccurate invoices and disputes.
4. Reduced Need for Staff
Running an accounting department can be a huge cost center for a transportation and logistics company, especially if you’re still employing outdated billing and invoicing methods. As you grow, you’ll also need to hire additional accounting staff to deal with your expansion.
By automating your billing processes with the right software you can minimize the amount of staff you need to keep up with the volume of paperwork and redirect resources toward more strategic, value-added tasks.
If you're looking to save money and improve your processes, contact us today to learn more about billing management software.
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.