Large corporates engage with Logistics Service Providers (LSPs) for handling their shipments across multi-modes – Air, Sea, Rail and Road. To get One shipment booked, it goes through ~20 people with more than 20 different interactions. Highly manual and lack of standardization/optimization and visibility.
Some of the key factors affecting are:
dltledgers platform help with a de-centralized platform for export booking process with document repository for all export shipments, multi-modal with visibility of shipments from the booking stage. Digitally connecting stakeholders via the platform to enhance collaboration and visibility using new generation technologies. A real-game changer with Traceability, and reduction in costly delays. The process becomes paperless with the platform They are expected to have a profound impact on how businesses transact and participate in global transactions with integrated offerings.
Corporate working with Logistics Service Providers (3PL/4PL) are looking at collaborative paltform for booking, pre-alert notifications and document repository as single source in a unified paltform to run their current freight management and freight audit pay process which is typically a paper-intensive manual process involving multiple parties for operational visibility.
Organizations are facing disruptions in their cash flows on account of delays in receipt of funds
Current business climate demands streamlining of cash flows as a critical business requirement.
Corporates are moving digital with higher automation, greater visibility with their 3PL/4PL providers
The lack of visibility in freight management process leads to inefficiencies and thereby causing supply chain disruptions in timely deliveries
The freight payable reconciliation process is a complex process covering multiple organization with heavy documentations
Key 3PL/4PL operators have their clients demanding a time-efficient process and wants to remove manual tasks and delays that significantly impact the business revenue and profitability.
Our state-of-the-art blockchain-based platform provides a smoothened and streamlined freight management and freight audit pay process, Booking Offer and Acceptance process, involving 3PLs/4PLs. This App enforces reduced cycle times and enhanced user efficiency eliminating time-consuming manual tasks.
The app also enhances greater real-time collaboration across stakeholders in a multi-party environment with tamper-proof record of transaction documents and data with auditability and improved operational visibility, shipment linkages between PO/SO/Freight documents (Air way Bills, Billof Lading, Rail Receipts, Road Transport Receipts etc) leading to auto-reconciliation in real-time.
“We are thrilled to streamline our Freight Management and Freight Audit Pay Process using blockchain technology for road transports. We are looking forward to expand our network to include other modes of transport as a continuous improvement journey.”
– Supply Chain Manager, Large MNC in electronics components