Responsible for evaluating how to mitigate risk, CFOs are also seeking ways to spark or support transformation., “78% of CFOs are heading up efforts to improve efficiency through adoption of digital technology.” For financial chiefs of companies that move goods across the world, taking a closer look at optimizing the freight forwarding process offers ample opportunity.
At the same time, emerging digital technologies are creating new opportunities for supply chain visibility and agility. At a time when customers have higher expectations for customer service and lower tolerance for stock-outs, the analytics found in a digital platform can be invaluable for revealing how to shift the balance of supply and demand. When you’re better able to forecast, you have more power to take control and look for those other areas to invest in.
Even more importantly for financial chiefs, it lets supply chain, operations, or procurement and finance leads see a line-by-line breakdown of charges on both quotes and invoices, so they can feel confident they know exactly what they’re paying for. Because Flexport displays the details side by side, reconciling invoices can take minutes instead of hours.
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