The number one goal of any business is to continuously increase profits year over year. To do this, you must capture a share of the market and keep those customers coming back with superior customer service. This goal is no different for vault and depository facilities. To help increase revenue, many facilities handling precious metals and high value cargo have turned to new technology implementation. One useful tool for vault and depository facilities is automated, customizable customer billing. Industry-leading billing functionality built into a WMS gives these businesses the ability to capture revenue in real-time as activity is completed and forecast future revenue opportunities to give insight into future success.
One feature of the top 3PL billing software used for precious metals storage is system flexibility. Each customer may have different billing requirements and being able to adapt to these needs can be a key differentiator when trying to capture new business. Datex FootPrint® WMS provides users with an easy-to-navigate Billing Strategy Wizard that directs users how to enter custom contracts with various billing parameters and values. Rather than spending hours entering custom contracts, it can be done in a matter of minutes, saving your accounting and billing department both time and resources.
Many vaults and depositories also provide value added services for customers as a part of their storage agreement. These services range from weight verification and assay testing to customized packaging and transport. When VAS data is entered manually associated billing records can be missed. Automating the capture of these services using automated data collection technologies such as mobile computers and integrated scales can take the guess work out of billing for value added services. Billing records can be captured in real time and transferred directly into WMS and accounting software. Utilizing automated VAS capture helps to increase revenue opportunities and increase billing accuracy.
Using the VAS data, updated in real time, revenue streams will also be increased. The data can be recorded in real time, transferred to an auto-generated invoice and sent to the customer with no human intervention required. This makes the cash cycle much more efficient and gives users much more insight into revenue activity.
The Datex FootPrint® WMS 3PL Billing is built on a powerful workflow foundation, allowing users to easily change and customize how their billing software supports their business. Using specified rule sets WMS processes can be customized to meet your current operations or changed to meet industry best practices. This saves your company costs on customizing software code and increases the accuracy of billing instances.
To learn more about 3PL billing functionality for precious metals and high value cargo storage facilities contact Datex experts today at www.datexcorp.com , marketing@datexcorp.com or 800.933.2839 x 243.
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WMS 3PL Billing for Precious Metals Storage
1. WMS 3PL BILLING FOR
PRECIOUS METALS
STORAGE :
BY: ANGELA CARVER
S P E C I A L I Z E D V A U L T & D E P O S I T O R Y
M A N A G E M E N T S O F T W A R E
F U N C T I O N A L I T Y
2. Why is Customizable Billing Critical?
• The number one goal of any business is to effectivelyserve
customers while remaining profitable.
• To help your vault or depository increase revenue, implementing
customizable 3PL billing provides a comprehensive solution to
accommodate the varying needs of your customers.
• The ability to capture revenue generation in real-time and forecast
future revenue can provide your business with profound insight into
the success of your operation.
3. Flexible 3PL Billing Strategies Using
WMS
• Providing potential clients with flexible billing options can be a key
differentiator that can help your vault operation to capture more
business.
• Using the Datex FootPrint® WMS Billing Strategy Wizard users can
follow the step-by-step guide to entering custom contracts with
customer specific billing parameters and values.
• Entering contracts can take a matter of minutes and can be activated
in a matter of minutes. This can save your billing department
significant time and resources.
5. Accessorial Capture & Billing
• Many vaults and depositories provide additional services for their
customers such as weight verification, assay testing and custom
packaging. With manual data entry associated billing for these
accessorial tasks may be missed.
• With the use of automated data collection devices such as mobile
computers and integrated scales, billing records can be recorded in
real time and associated to the appropriate customer account.
• This helps to increase revenue opportunities and reduce missed
billing instances.
6. Increase Revenue Stream
• With these value-added services (VAS) and storage billing records
being captured and associated to customer accounts in real time
revenue streams can be increased.
• Using customizable reports to view past billing records, paid and
outstanding invoices and forecasted revenues easily, can provide
users with a holistic view of billing and revenue activity.
• Access to accurate billing data gives WMS users more insight into
where billing processes need improvement and where new potential
profit areas exist.
8. Workflow-Powered 3PL Billing
• To take the guessing out of invoice generation, auditing and delivery
Datex powers the FootPrint® 3PL Billing module with a powerful
workflow foundation.
• Based on specified rule sets, designed to meet your existing
operations or industry standards, billing records are associated to
customer accounts, added to invoices, delivered automatically and
transferred into your accounting software with no human
intervention needed.
• This allows your office staff to focus on other critical business
functions and helps to guarantee the accuracy of your billing
practices.
10. Conclusion
• Regardless of vault or depository size billing is a criticalbusiness
function.
• Used to both attract new customers and provide a revenue stream
for your growing operation, 3PL billing functionality from Datex was
designed to simplify the billing and invoicing processes while
increasing the accuracy of your operation.
• Focus on other key areas of your business with software solutions
designed for your industry-specific needs.