LOGISTICS
Streamlining Financial Management for a Logistics Company
Client challenge: GlobalFreight, a logistics company operating international shipping and transportation services, needed to streamline its financial operations to manage complex cross-border transactions, currency fluctuations, and fleet asset management.
Challenge
GlobalFreight, a logistics company operating international shipping and transportation services, needed to streamline its financial operations to manage complex cross-border transactions, currency fluctuations, and fleet asset management. The company required solutions for international financial reporting and transportation cost management.
Solution
Outsourced Finance Philippines implemented a multi-currency financial management system, developed transportation cost analysis tools, created fleet asset valuation and depreciation frameworks, and provided international tax compliance support.
Key Results
- 38% improvement in transportation cost tracking accuracy
- Effective management of transactions across 15+ currencies
- 28% reduction in financial compliance workload
- Optimized fleet asset financial management
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