How Digital Payments Improve Logistics Efficiency
The logistics industry is about speed, efficiency and accuracy. Warehouses strive to turn trucks around swiftly, keep the dock doors filled, and process as many loads as possible. The same goes for truck drivers and carriers – if they’re not on the road, they’re not generating revenue.
But in a space where speed and efficiency are so important, the industry is overly reliant on something that is incredibly inefficient – paper.
Paper is at odds with the goals of efficiency and accuracy. It’s cumbersome and slows down entire processes. Paper payments can mean warehouse clerk sitting on the phone for 15 minutes to verify a check, or scrambling around the warehouse looking for change. Every paper transaction means precious time wasted, with the possibility of payments being lost or mishandled.