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 OpenText™ AppEnhancer 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/AppEnhancer. The solution has lowered our risk and dramatically reduced our costs. It helps us strengthen our partnerships with both vendors and customers.”