Searching for Operational Savings? Think Automation
With transportation companies still facing a difficult rate environment, many are taking a deep dive into their operations for cost savings.
There’s a growing trend among our transportation and logistics clients to automate long-held manual processes. By automating processes, organizations may achieve significant efficiency gains, such as real-time tracking, improved communication, better data management, and cost savings.
Using transportation’s hefty data resources to improve operations
As the world is transitioning into artificial intelligence and automation, transportation companies may have more data than any other industry. However, most transportation companies are still operating with outdated processes and don’t know how to fully utilize all the information they have.
Many of these companies are paying for sophisticated software but only using a fraction of the capabilities. They are burdened with very manual processes involving too many individuals resulting in inefficiencies and data errors.
The companies coming out of this freight recession on top are the ones looking to eliminate inefficient processes, implement automation, and use all the data they have. These companies are implementing strategies such as robotic process automation, creating key performance indicator dashboards, and mapping cost efficient routes.
How we can help
CLA has a staff of data scientists and engineers who are helping clients implement AI and automate processes. Contact us to get started.
Andy is a CPA and trusted advisor with 15 years of experience providing tax, accounting, assurance, and consulting services to transportation industry owners and operators. He is a tax principal with CLA in the Minneapolis, MN office. He also consults with high net worth individuals and owners of closely-held transportation businesses on all aspects of tax planning, estate planning, and retirement planning. Andy is also the tax leader for transportation industry across CLA.