How digitalization of interline settlements can accelerate the settlement cycle
The average freight railroad could conduct over 1,000 interline settlement each month, representing a significant portion of their business revenue.
Yet the push to drive down working capital, decrease disputes, and accelerate revenue recognition runs up against the limitations of legacy interline settlement systems. Human-caused errors increase. Disputes become drawn-out. There’s a lack of cross-departmental visibility into key data.
Reaching this crossroads, innovative CFOs and leadership at railroad companies are accelerating the adoption of cloud-based software that is fully compliant with Railinc CISS, Front Matter, and AAR Railway Accounting Rules. Intuitive, interactive UI powers seamless adoption and automation capabilities lower the margin of error.
They are coming out of the struggle enabled to conduct data-driven decision-making, better risk management, manage overcharge claims efficiently, and decrease the settlement cycle.
That’s just scratching the surface, so download your copy of the Industry Perspective to get a glimpse into how you can drive successful digitalization in interline settlements in your own railroad.
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Opportunities for digitalization in railroad contract management
CloudMoyo empowers rail and transportation companies to gain greater insights, unlock efficiencies, and improve agility in operations, revenue and asset management as well as critical areas of safety, crew scheduling and maintenance. Combined with deep rail industry expertise, our cloud-based, AI-driven solutions leverage cutting edge technology to reimagine railroad digitization.
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