Tapping Automated, Integrated Accounting Systems to Rein in Financial Supply Chain Risk

Milton Keynes, UK — January 11, 2010 — International headlines appear seemingly on a weekly basis declaring the consequences caused by inappropriately managing supplier risk throughout the supply chain management process, says Simon Clark, business development manager for Europe, Middle East and Africa at CargoWise edi, a provider of integrated international supply chain logistics management systems. And, Clark says, during this still unpredictable business climate, the list of financial risks continues to grow.

"Logistics service providers (LSPs) in the air freight sector are often lax in administering the financial risk involved with managing their suppliers at a time when diligence is critical for business success," says Clark. "In business today, it is vital to keep a tight rein on all finances, to keep expenditures under control and identify true ROI."