Traditional legacy systems frequently result in unstable cash flow, while also introducing the potential for errors, putting both the broker and the accountant in uncertain positions.
This is where technology strides in to save the day.
The Value of Automated Data Entry
One of the most significant time-drains for brokers is the manual entry of data into their TMS. A state-of-the-art TMS can revolutionize this process by automatically extracting data from documents such as emails, bills of lading, and PODs, and directly inputting it into the system. This automation not only saves valuable time but also significantly reduces the risk of human error.
Consider this: our calculations show that process automation can save brokers an impressive 11 hours per week for each representative. That’s a substantial amount of time that can be better spent on other high-priority tasks.
A Use Case: Tai TMS
Tai TMS is an excellent example of a modern TMS that leverages automation effectively. It can automatically extract all necessary data directly from your inbox and input it into the TMS. Furthermore, it matches these numbers automatically to the correct shipments.
This feature proves particularly beneficial for brokers who handle a massive volume of shipments, as it eliminates the need for manual data entry and reduces the chance of mistakes. Therefore, it streamlines the entire process, making it more efficient and reliable.
In conclusion, the freight brokerage industry is a demanding field that requires brokers to stay ahead of the curve. Embracing modern technology like a TMS that offers automation can significantly enhance their operations, improving efficiency, accuracy, and ultimately, profitability. The future of freight brokerage lies in technological advancement, and those who adapt will undoubtedly thrive.
Choosing The Right TMS: A Strategic Decision For Your Freight Brokerage Success
While there are numerous TMS solutions in the market, it’s crucial to choose one that aligns with your business needs. Look for a system that is easy to use, integrates with your existing technology, and offers robust support and continuous updates. A good TMS is more than just software; it’s a strategic partner that can help you drive your freight brokerage business forward. It provides the foundation for efficient, customer-focused, and profitable freight brokerage operations – today, tomorrow, and well into the future.
If you’re interested in exploring more ways in which tech can alleviate your accounting pains, we encourage you to download our latest Whitepaper. This resource dives deeper into the role of modern tech solutions in transforming freight brokerage operations. Don’t miss out on this chance to advance your knowledge and stay ahead of the curve in this competitive industry.
