HappyRobot Raises $15.6 Million Series A Funding Led by a16z to Transform Logistics with Agentic AI
HappyRobot, a pioneer in AI-powered voice solutions for the logistics sector, today announced it has secured $15.6 million in Series A funding.
Desks swamped with invoices—some correct, some not so much. What’s the real impact of dealing with paperwork issues?
In freight brokerage, time is money. A recent poll conducted by FreightCaviar revealed a significant hurdle in the path of operational fluidity: the challenge of processing carrier invoices marred by incorrect or invalid paperwork. Desks swamped with invoices—some correct, some not so much. What’s the real impact of dealing with paperwork issues?
Human error is the main culprit. The manual process of matching and managing documents can be tedious, which can lead to potential inaccuracies and put a heavier burden on back-office staff.
These mistakes are bad for business, and depending on the carrier, they could cost anywhere from $11 to $77 per mistake. The domino effect can tightly hinder operations in businesses of all sizes. Even logistics giant Maersk reported that 12% of its container industry invoices contain errors. This discrepancy can reach up to an alarming 25% for other companies.
Gone are the days of shuffling through mountains of paper to find that one invoice with a typo. Implementing a digital system can be a game-changer. This tech makes it a breeze to create, manage, and send invoices to all parties involved.
With the right tech, incorrect billing is virtually eliminated.
A solution like Audit Proof Invoicing from Epay Manager Powered by OTR Solutions can lead to a 99% reduction in inaccurate billing and settlement. It's a platform that helps solve the paperwork puzzle, leading to a smoother, faster, and more reliable invoicing process.
Adopting the right solution is essential in an era where digital transformation dictates the pace of progress in the freight industry. Here’s what it means for your business:
Epay’s Audit Proof Invoicing can tackle 3-5x more invoices per team member and provide a 40-50% decrease in cost per load.
That’s a lot of time and money that goes back into your business. Paperwork doesn’t have to be the hidden villain; you can turn it into your secret weapon for growth with the right tools.
Join over 12K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe & be sure to check your inbox to confirm (and your spam folder just in case).