“The delivery cash workflow allows your company to invoice immediately upon delivery and work more efficiently,” said Ben Masters, director of customer success.
Technology improvements have increased relevance in most freight-related operations. However, many processes are still paper-intensive. This is a problem for companies that seek to analyze operational data, because extracting data from paperwork is an arduous exercise in itself.
In a fragmented freight industry that contends with a few hundred thousand fleets, the difference between running a tight ship and a freight hauling business that leaks dollars could be a fine line. Though technology has helped companies catapult themselves out from sticky situations with regard to operational efficiency, changing eons-old processes could be a tough ask, especially with large freight businesses.
Vector, formerly named LoadDocs, announced a new intelligent processing feature called Vector Back Office that automatically transcribes data from documents captured by drivers using its smartphone scanning app.
Vector Back Office is a transportation management solution to help carriers and shippers streamline data entry.
In trucking operations, digital delivery documents can save significant time and money—if they work. One Colorado-based fleet made the switch from paper, but in actual use, the documents fell short. Then the company tried something else.
Platform Science has partnered with Vector (previously LoadDocs) to add mobile document capture and workflow software to its IoT fleet management platform.