Giltner Logistics Accelerates Payments with Integration Between Upwell Accounts Receivable Solution and Descartes Aljex™
Descartes Systems Group (Nasdaq:DSGX) announced that Giltner Logistics, a leading asset-backed 3PL provider, is enhancing its financial operations through the integration of Descartes Aljex™ TMS with Upwell's accounts receivable technology.
The integrated solution automates customer invoicing and enhances payment workflows, resulting in reduced manual work and improved days-to-pay metrics. The cloud-based Descartes Aljex TMS helps freight brokers increase operational efficiency by automating daily brokerage activities, while the Upwell integration shortens cash cycles and ensures quicker payments.
According to Todd Baughman, VP of Technology at Giltner, the solution helps fulfill their mission of simplifying customer supply chains through technology and expertise, creating efficient, frictionless shipping processes.
Descartes Systems Group (Nasdaq:DSGX) ha annunciato che Giltner Logistics, un fornitore leader di 3PL con asset, sta migliorando le proprie operazioni finanziarie mediante l'integrazione di Descartes Aljex™ TMS con la tecnologia per i crediti di Upwell.
La soluzione integrata automatizza la fatturazione ai clienti e migliora i flussi di pagamento, riducendo il lavoro manuale e migliorando i metriche dei giorni di pagamento. Il Descartes Aljex TMS basato su cloud aiuta i broker di trasporto ad aumentare l'efficienza operativa automatizzando le attività quotidiane di brokeraggio, mentre l'integrazione con Upwell accorcia i cicli di cassa e garantisce pagamenti più rapidi.
Secondo Todd Baughman, VP della Tecnologia di Giltner, la soluzione aiuta a realizzare la loro missione di semplificare le catene di approvvigionamento dei clienti attraverso tecnologia ed esperienza, creando processi di spedizione efficienti e senza attriti.
Descartes Systems Group (Nasdaq:DSGX) anunció que Giltner Logistics, un proveedor líder de 3PL respaldado por activos, está mejorando sus operaciones financieras a través de la integración de Descartes Aljex™ TMS con la tecnología de cuentas por cobrar de Upwell.
La solución integrada automatiza la facturación a los clientes y mejora los flujos de pago, lo que resulta en una reducción del trabajo manual y mejora de las métricas de días para el pago. El Descartes Aljex TMS basado en la nube ayuda a los corredores de carga a aumentar la eficiencia operativa al automatizar las actividades diarias de corretaje, mientras que la integración con Upwell acorta los ciclos de efectivo y asegura pagos más rápidos.
Según Todd Baughman, VP de Tecnología en Giltner, la solución ayuda a cumplir su misión de simplificar las cadenas de suministro del cliente a través de tecnología y experiencia, creando procesos de envío eficientes y fluidos.
Descartes Systems Group (Nasdaq:DSGX)는 Giltner Logistics, 주요 자산 기반 3PL 공급업체가 Descartes Aljex™ TMS와 Upwell의 채권 기술을 통합하여 재무 운영을 강화한다고 발표했습니다.
통합 솔루션은 고객 송장을 자동화하고 지불 워크플로를 개선하여 수작업을 줄이고 지급 일수를 향상시킵니다. 클라우드 기반의 Descartes Aljex TMS는 화물 중개인이 일상적인 중개 업무를 자동화하여 운영 효율성을 높이는 데 도움을 주며, Upwell 통합은 현금 사이클을 단축하고 더 빠른 지급을 보장합니다.
Giltner의 기술 부사장인 Todd Baughman에 따르면, 이 솔루션은 기술과 전문성을 통해 고객 공급망을 간소화하는 목표를 달성하도록 돕고, 효율적이며 마찰 없는 배송 프로세스를 생성합니다.
Descartes Systems Group (Nasdaq:DSGX) a annoncé que Giltner Logistics, un fournisseur de 3PL leader basé sur des actifs, améliore ses opérations financières grâce à l'intégration de Descartes Aljex™ TMS avec la technologie de comptes clients d'Upwell.
La solution intégrée automatise la facturation client et améliore les flux de paiement, ce qui entraîne une réduction du travail manuel et une amélioration des délais de paiement. Le Descartes Aljex TMS basé sur le cloud aide les courtiers en fret à accroître leur efficacité opérationnelle en automatisant les activités de courtage quotidiennes, tandis que l'intégration avec Upwell raccourcit les cycles de trésorerie et garantit des paiements plus rapides.
Selon Todd Baughman, VP Technologie chez Giltner, la solution contribue à réaliser leur mission de simplifier les chaînes d'approvisionnement des clients grâce à la technologie et à l'expertise, créant ainsi des processus d'expédition efficaces et fluides.
Descartes Systems Group (Nasdaq:DSGX) gab bekannt, dass Giltner Logistics, ein führender Anbieter von 3PL mit Vermögenswerten, seine Finanzoperationen durch die Integration von Descartes Aljex™ TMS mit der Debitorentechnologie von Upwell verbessert.
Die integrierte Lösung automatisiert die Kundenabrechnung und verbessert die Zahlungsabläufe, wodurch der manuelle Aufwand reduziert und die Zahlungsmessgrößen optimiert werden. Das cloudbasierte Descartes Aljex TMS hilft Spediteuren, die operative Effizienz zu steigern, indem es tägliche Brokerage-Aktivitäten automatisiert, während die Upwell-Integration die Bargeldzyklen verkürzt und schnellere Zahlungen gewährleistet.
Laut Todd Baughman, VP der Technologie bei Giltner, hilft die Lösung, ihre Mission zu erfüllen, die Kunden-Lieferketten durch Technologie und Fachwissen zu vereinfachen und effiziente, reibungslose Versandprozesse zu schaffen.
- Integration streamlines accounts receivable workflow and accelerates payment cycles
- Solution reduces manual workload and improves operational efficiency
- Partnership enhances cash flow management and helps maintain liquidity
- Cloud-based system offers scalability for freight brokers
- None.
Insights
The integration between Descartes Aljex TMS and Upwell's AR solution represents a strategic enhancement to Descartes' financial technology stack. By automating accounts receivable workflows, this partnership directly addresses a critical pain point in the logistics industry - cash flow management. The reduction in days-to-pay and days-sales-outstanding metrics translates to improved working capital efficiency, which is particularly valuable in the current high-interest-rate environment.
The cloud-based solution's scalability suggests potential for significant revenue growth through increased adoption among freight brokers and 3PLs. For Descartes' investors, this integration strengthens the company's competitive moat by creating higher switching costs for existing customers while making the platform more attractive to new prospects. The focus on automating financial processes aligns with industry trends toward digital transformation and could contribute to improved profit margins through operational efficiency gains.
This partnership addresses a fundamental operational challenge in the logistics sector - the time lag between service delivery and payment collection. The integration's ability to reduce manual invoicing processes and accelerate payment cycles has substantial implications for working capital optimization. For a sector operating on thin margins, this efficiency gain directly impacts bottom-line performance.
From a competitive standpoint, Descartes is strengthening its market position by offering a more comprehensive solution that extends beyond traditional TMS functionality. This vertical integration into financial operations positions Descartes to capture a larger share of the logistics technology stack, potentially leading to increased revenue per customer and improved customer retention rates.
ATLANTA, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Giltner Logistics, a leading asset-backed third-party logistics provider (3PL), is streamlining its accounts receivable workflow, accelerating payment cycles and enhancing cash flow management using the Descartes Aljex™ transportation management system (TMS) integrated with Upwell’s advanced accounts receivable (AR) technology.
“Our mission is to simplify customers’ supply chains by combining technology, experience and expertise to create efficient, frictionless shipping,” said Todd Baughman, Vice President of Technology at Giltner. “The integrated solution helps us meet this objective by automating customer invoicing and enhancing the workflows between Descartes Aljex and customer payment providers. The end result is a reduction in time-consuming manual work, while lowering days-to-pay and days-sales-outstanding metrics to help fuel sustainable growth.”
The scalable, cloud-based Descartes Aljex TMS helps freight brokers of all sizes to boost operational efficiency, maximize margins and enhance customer service by automating and streamlining daily brokerage activities, including order entry, lane rate comparison, covering loads, rate confirmation, carrier acceptance, dispatching and carrier communications. The integration between Descartes Aljex and Upwell’s automated AR system helps freight brokers and 3PLs shorten their cash cycle, which ensures quicker payments by reducing the time spent on manual invoicing and collections. By accelerating financial processes and improving cash flow management, the combined solution helps 3PLs maintain liquidity and drive business growth while reducing administrative workloads.
“We’re pleased that Giltner Logistics is improving cash flow management with the integrated solution,” said Charley Dehoney, CEO of Upwell. “We believe that the combination of our financial automation technology with Descartes Aljex TMS creates a powerful solution to help freight brokers transform how they manage receivables to optimize cash flow, increase operational efficiency and enhance customer satisfaction.”
“In today’s fast-paced transportation industry, securing timely payments from customers directly impacts liquidity and sustainable growth,” said Dan Cicerchi, General Manager, Transportation Management at Descartes. “With our core capabilities and extensive partner ecosystem, freight brokers and 3PLs have an advanced technology platform to help protect margins and drive profitability by simplifying financial processes and reducing administrative workloads.”
About Giltner Logistics
Giltner Logistics, Inc. is an asset-backed third-party logistics and brokerage provider that has been delivering freight solutions across North America and is one of the top 3PLs in the country. By working closely with its sister company, Giltner Transportation, Inc., the 3PL designs and delivers superior solutions for its shipping customers, providing competitive pricing without sacrificing service. Learn more at www.giltnerlogistics.com.
About Upwell
Upwell uses artificial intelligence to automate and transform accounts receivable for transportation and logistics companies. Every dollar counts in this industry, but today’s landscape is too complex for companies to rely on back-office superheroes using manual processes and dated technologies. Many companies have thousands of dollars locked up in invoicing exceptions, and many don’t have reliable systems for knowing what’s been paid. Now there’s a better way. Upwell’s AI-powered platform empowers accounting and finance teams by improving cash flow, automating legacy processes, and enhancing the customer experience. Reinvent your accounts receivable and start the journey toward getting paid faster at www.upwell.com.
About Descartes
Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, security and sustainability of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, track and help improve the safety, performance and compliance of delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world’s largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at www.descartes.com, and connect with us on LinkedIn and Twitter.
Global Media Contact
Cara Strohack
cstrohack@descartes.com
Cautionary Statement Regarding Forward-Looking Statements
This release contains forward-looking information within the meaning of applicable securities laws (“forward-looking statements”) that relate to Descartes’ transportation management system solution offerings and potential benefits derived therefrom; and other matters. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the factors and assumptions discussed in the section entitled, “Certain Factors That May Affect Future Results” in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada including Descartes’ most recently filed management’s discussion and analysis. If any such risks actually occur, they could materially adversely affect our business, financial condition or results of operations. In that case, the trading price of our common shares could decline, perhaps materially. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purposes of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.
FAQ
What benefits does the Descartes Aljex-Upwell integration bring to DSGX customers?
How does the Descartes Aljex TMS (DSGX) improve freight broker operations?
What financial improvements can 3PLs expect from the DSGX-Upwell integration?
How does Giltner Logistics benefit from implementing the DSGX solution?
