Articles

Finance

Stephanie Miles
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Best Practices to Manage International Freight Spend

Many companies have switched operations to low cost suppliers—only to find that higher than expected transportation expenses outweighed the benefits. In fact, the logistics costs associated with operating a global supply chain can be 6 to 11 percent of revenue, roughly three to five times more than a domestic supply network. A recent AberdeenGroup report, […]

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Nick Weaver
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For Truck Financing, Bank on a Transportation Expert

Q: What is the current market for financing and leasing commercial trucks and equipment? A: Generally, the trucking industry is experiencing a favorable banking and finance market as most commercial banks continue to show relatively healthy interest in financing revenue equipment. Borrowing rates are near all-time lows, so locking in equipment financing today is appealing […]

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Improving the Order-to-Cash Cycle

When pursuing order-to-cash improvements, many companies try to speed receivables. Instead, they should focus on setting long-term goals and improving customer relationships. Scott Pezza, research analyst, the Aberdeen Group, offers the following tips for improving order-to-cash effectiveness. 1. Stay ahead of the game with pre-sales credit analysis. Identify potential problems early so you can either […]

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