Navix
Navix is a technology company that automates freight audit and invoicing processes for freight brokers and third-party logistics providers, aiming to enhance profitability and efficiency.
Services
Navix provides automation solutions for freight auditing and invoicing. The company's platform is tailored specifically for freight brokers and third-party logistics providers (3PLs). It aims to streamline the auditing and invoicing processes, reducing Days Sales Outstanding (DSO) and enhancing overall efficiency. The platform integrates auditing and invoicing, leveraging artificial intelligence and machine learning for data analysis. This helps identify invoicing errors and automate their resolution, supporting the digital transformation of businesses in the freight sector.
Products
Navix offers a comprehensive platform that combines freight auditing and invoicing solutions. The platform uses real-time data analytics to provide actionable insights and enhance decision-making. By integrating AI and machine learning, Navix's product identifies and resolves invoicing errors automatically, thereby reducing accounts receivables and processing times. The solution aims to improve profitability and workforce efficiency, and it includes features for optimizing workforce management and digitalizing processes for better business outcomes.
Sector
Navix operates in the logistics and supply chain sector, focusing on solutions for freight brokers and 3PLs. The company's platform supports businesses in the logistics industry by providing tools to streamline their financial operations, particularly around freight auditing and invoicing. By offering solutions that aim to enhance operational efficiency and reduce errors, Navix is helping businesses within this sector to improve their financial health and build stronger relationships with carriers.
Real-Time Data Analytics
Navix utilizes real-time data analytics to provide users with accurate and actionable insights. These analytics help businesses optimize their operations by providing detailed information that can guide decision-making processes. The platform's use of AI and machine learning enhances the value of these insights, making it easier to identify trends, predict potential issues, and optimize overall performance. This capability supports businesses in reducing DSO and improving their financial and operational metrics.