GSA’s PayPort Express, provided by CITI using the Syncada network, is an easy to use Web-based platform that automates and integrates the entire audit, approval and payment cycle for freight-related expenses.
- Ease of processing and quicker payment of invoices;
- Decreased Days Sales Outstanding (DSO) from 45 days to 5;
- Improved cash flow and liquidity;
- Decreased costs through elimination of manual and paper-based invoicing;
- Increased visibility into transaction status;
- Real-time exception management between shipper/carrier, allowing for collaborative and effective resolution of invoice payment; and
- Robust supply chain intelligence supporting audit and cost reduction programs.