Coming off of a mixed third quarter, freight shipment and spending levels were down across the board on a sequential and annual basis, according to the most recent edition of the U.S. Bank Freight Payment Index, which was recently issued by Minneapolis-based U.S. Bank. This report, which was initially launched in the third quarter of
The freight bill payments industry is rapidly changing to adapt to shippers’ needs as they strive to control carrier expenditures. The collection and distribution of data is at the heart of the changing nature of the business. Harold Friedman, senior vice president of global corporate development at Data2Logistics, a freight bill payment company, says that
The financial services industry is in a state of upheaval: banks are in the midst of digital transformation and the cooperation between banks and fintech companies is creating new networked ecosystems. As a result, banks today have the opportunity to generate added value for their customers with innovative digital services and to strengthen customer loyalty.
A world without supply chains would look nothing like the one we know today. But a world without streamlined payments throughout that supply chain is just the world we live in. There’s an all-too-common disconnect between highly automated, efficient supplier streams and the very manual, paper-heavy accounts-payable (AP) processes used to pay those suppliers. This