Evergreen, Colorado-based DDC Freight Process Outsourcing launched a free online tool on May 29 to help transportation and logistics professionals calculate how much of their operational costs are going toward in-house bill of lading (BOL) processing.
Transportation and logistics providers are asked to enter key data points, including how many bills or invoices they process annually and how many full-time data entry/billing associates the company employs, into the DDC price-per-bill of lading calculator.
“This tool is for transportation service providers looking to get ahead of their competition by pinpointing areas of opportunity within their administrative operation to drive value,” Chad Crotty, vice president of sales at DDC, said in a release. “Once they discover the price being paid for a task such as processing freight bills, they can make smarter planning decisions for the future.”
The calculator is complementary to DDC’s machine-learning data capture platform, DDC Intelligence, the company said.
The company uses artificial intelligence to process companies’ accounts receivables that can reduce manual entry of in-house BOL processing by up to 80 percent, DDC said.