.jpg)
In the fast-paced world of freight forwarding, timing is everything. A leading freight forwarder, has found a way to leverage OpenTrack's advanced container visibility platform to not only track shipments but also to optimize their cash flow. Here's how they're doing it:
Precision Timing with Accurate ETAs
OpenTrack's platform provides them with highly accurate Estimated Time of Arrival (ETA) data. This precision allows their finance team to time their payments to carriers with unprecedented accuracy.
The Cash Flow Advantage
By having a more reliable ETA, this forwarder can:
- Delay carrier payments until the optimal moment
- Release payment just before the carrier releases the freight
- Schedule payments right before pickup is needed
- Hang on to cash longer while avoiding delays
Avoiding Early Payments
Paying carriers too early ties up capital unnecessarily. With OpenTrack's accurate ETAs, this forwarder avoids this pitfall, keeping their cash available for other operational needs.
Preventing Delay Incidents
On the flip side, paying too late can lead to delay incidents or even line holds. These can result in additional fees and disrupt the supply chain. OpenTrack's precision helps this forwarder steer clear of these costly mishaps.
The Bottom Line
For this forwarder, OpenTrack's accurate ETAs translate directly into improved cash flow management. By optimizing payment timing, they're able to:
- Maximize working capital efficiency
- Reduce the risk of delay-related costs
- Improve overall supply chain reliability
In the competitive world of freight forwarding, these advantages add up to significant operational improvements and cost savings.
