One of the biggest pain points for freight carriers and brokers is cash flow. Invoicing delays and collections issues make it difficult to maintain healthy finances. ARDEM ARsure™ is automated invoicing for freight carriers. It is designed to address this challenge, making invoicing and receivables management faster, easier, and more accurate.
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The Problem with Manual Invoicing
For many freight carriers, invoicing is a time-consuming and error-prone task. Each invoice must be manually generated, tracked, and followed up on, which can delay payments and create cash flow problems. Manual processes increase the likelihood of billing errors, which can hurt customer relationships and lead to disputes over payments.
Challenges of Manual Invoicing:
- Time-Consuming Process: Manual invoice generation takes significant time, especially for companies handling a high volume of shipments.
- High Risk of Billing Errors: Manually entering invoice data increases the likelihood of mistakes, leading to payment disputes and adjustments.
- Delayed Payments: Invoicing delays slow down payment cycles, making it difficult to maintain a healthy cash flow.
- Inconsistent Follow-Ups: Tracking and following up on overdue payments manually can be inconsistent and less effective.
- Administrative Burden: Manual invoicing adds to the workload of administrative staff, diverting resources from more strategic tasks.
How ARsure™ Improves Invoicing and Collections
ARsure™ automates the entire invoicing process, as part of ARDEM’s accounts receivable outsourcing, generating invoices based on validated delivery data captured by ProofTrack™. This automated invoicing for freight carriers not only sends invoices but also tracks payments, sends reminders for overdue accounts, and manages collections. This accounts receivable automation ensures faster payments, fewer errors, and healthier cash flow for your business.
Key Features of ARsure™:
- Automated Invoice Generation: Creates invoices automatically from verified delivery data, eliminating the need for manual entry and reducing errors.
- Seamless Integration with ProofTrack™: Uses validated data captured by ProofTrack™ for accurate and timely invoicing.
- Payment Tracking and Monitoring: Monitors the payment status of each invoice and provides real-time updates, ensuring transparency.
- Automated Payment Reminders: Sends out reminders to customers about upcoming or overdue payments, increasing the likelihood of prompt payment.
- Collections Management: Streamlines the collections process with automated follow-ups and escalation procedures for overdue accounts.
- Secure Digital Record Keeping: Stores all invoice-related documents securely in a centralized digital system, allowing for easy access and retrieval.
The Benefits of ARsure™ for Freight Carriers
ARsure™ delivers significant advantages for freight carriers and brokers by automating invoicing and receivables management, ensuring a smoother and more efficient process.
Advantages of Using ARsure™:
- Faster Cash Flow: By automating the invoicing process and sending timely payment reminders, you get paid faster, improving your financial health.
- Accurate Billing: Generates invoices based on verified delivery data, reducing the risk of disputes over incorrect billing.
- Time Savings: Automates repetitive invoicing tasks, freeing up your staff to focus on core business activities like moving freight and customer service.
- Reduced Administrative Costs: Lowers the need for manual intervention in the invoicing and collections process, cutting administrative expenses.
- Improved Customer Relationships: Timely and accurate invoicing enhances customer satisfaction by providing clear and consistent billing.
- Enhanced Cash Flow Visibility: Provides real-time insights into the status of receivables, helping you better manage your cash flow and financial planning.
- Minimized Risk of Bad Debt: Automated follow-ups and collections help reduce the likelihood of overdue accounts turning into bad debt.
Ready to Simplify Proof of Delivery?
Invoicing shouldn’t be a bottleneck. With ARsure™, you can streamline your receivables process, improve cash flow, and reduce the administrative burden associated with manual billing. ARDEM’s automated invoicing for freight carriers automates invoicing and collections. Thus, it helps you focus on what you do best—moving freight and growing your business.
Contact ARDEM to see how ARsure™ can transform your invoicing and collections process. Learn more about how automating your billing can lead to faster payments, fewer disputes, and stronger financial performance.
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