Paperwork, rekeying data and not having access to key information are all factors that are detrimental to the productivity of the field workforce.
Invoices contribute to the bottom line of an enterprise. Raising an invoice involves labor-intensiveness and also it involves a processing time in it which would be around three to four days (on an average). The challenges involved in traditional invoice processing include:
Impact on the businesses:
Automated Invoicing plays a key role in reducing error rates in invoice entry and payments. Some of the key benefits of raising automated invoices include:
Google Flights used to notify users about flight schedules and delays based on the online information received from airlines. However, applying advanced AI and machine learning algorithms on flight data accumulated and analysed over the years, Google flights will now be able to predict flight schedules in advance, with up to 80% accuracy.
Within a short time, items under reverse logistics can transform into a parasite that feeds on an organization’s profitability. In the US alone, Statista highlights that return deliveries will cost $550 billion by 2020, 75.2 percent more than four years prior.
Logistics software is going through major changes in not just their capability or feature set, but a complete overhaul that pivots them in a different direction altogether. The scope of logistics as a function itself is changing so dynamically and rapidly that to keep track of the increasing changes becomes a daunting task.