How Digitalization of Interline Settlements Can Accelerate the Settlement Cycle
How are you accelerating digitalization of interline settlements to solve for your biggest settlement-related challenges?
Freight railroads are no stranger to the challenges of conducting interline settlements using legacy systems and paper and email-heavy processes.
The push to drive down working capital, decrease partner disputes, and accelerate revenue recognition subsequently runs up against the reality of aging applications:
There's a lack of cross-departmental visibility into key data. Human-caused errors increase. Disputes become drawn-out.
Sound familiar?
Reaching this crossroads, innovative CFOs and leadership and railroad companies are accelerating the adoption of cloud-based software that is fully compliant with Railinc CISS, Front Matter, and AAR Railway Accounting Rules. Intuitive, interactive UI powers seamless adoption and automation capabilities that lower the margin of error.
They are coming out of the struggle enabled to conduct data-driven decision making, easily access price information and partnership agreements, compare rate waybill versions with other carriers, manage overcharge claims efficiently, and decrease the settlement cycle.
That's just scratching the surface! Download your copy of the Industry Perspective today to get a glimpse into how you can drive successful digitalization in interline settlements in your own railroad.
