The client is one of the largest less-than-truckload transportation providers in North America. Also ranked among the Fortune 200 companies. They provide world-class transportation solutions to the most successful companies in the world. Their extensive network reaches 99% of all U.S. zip codes through a single source and also covers Canada, Mexico, and the Caribbean.
Transportation
United States
The client struggled with inefficient cash flow and working capital utilization, alongside suboptimal cash conversion cycles. Their manual processes for cash collections, billing, and invoicing were riddled with issues, lacking both visibility and accuracy.
These challenges led to financial inefficiencies and hampered the client's ability to effectively manage their resources. To remain competitive and improve their financial operations, the client needed a solution that could automate and streamline these processes, ensuring better accuracy, visibility, and overall efficiency in their financial management.
The Datamatics team implemented prescriptive analytics to assess the life cycle of trade receivables and overall performance. They introduced a strategy-based approach to collections, enhancing control and visibility to reduce past-due balances.
Additionally, AI and machine learning solutions were deployed to improve accuracy and reduce manual intervention. These technological advancements streamlined the client's financial processes, providing more precise insights and efficient management of receivables.
Just fill this form to download the case study.
Datamatics is a Digital Technologies, Operations, and Experiences company that enables enterprises to go Deep in Digital to boost their productivity, customer experience and competitive advantage.