How GlobalTranz Cut AR Costs by 50%
Payments On-Time, All the Time for 50% Less Cost
GlobalTranz, the 3rd fastest growing company in Arizona, is a logistics company specializing in freight management services. By implementing MetaStor cloud workflow automation and document management software built on the EMC ApplicationXtender platform, GlobalTranz customer invoicing is performed faster, smarter and for a fraction of the cost.
For freight brokerages, faster processing of the Proof of Delivery (POD) means faster customer billing, payments and time-to-cash. GlobalTranz invoice processing was manual & staff-intensive. This created challenges in connecting invoices to PODs, resulting in processing inefficiency. They tried a variety of other document management solutions and result was lost PODs.
With MetaStor, GlobalTranz got a reliable, automated system that reduced accounts receivable processing by 3 days and it required fewer staff: 1 person vs. 6.
Even with their substantial revenue growth, no additional staff has been added. With MetaStor in place, processing and paper document storage costs has been slashed.
- Deployment: 1 month
- Cost Savings: >50% in invoice processing
- Time Savings: 75%
According to GlobalTranz’s CFO, “There’s a night and day difference between how we managed our payables before and how we now manage them using MetaStor-EMC ApplicationXtender. The solution has lowered our risk and dramatically reduced our costs. It helps us strengthen our partnerships with both vendors and customers.”