CloudTrade set new standards for the Logistics sector with FreightDocs
CloudTrade adds plug-and-play data capture solution to its freight invoice platform, offering 100% accuracy for all freight and logistics documents.
CloudTrade, the leading provider of e-invoicing, e-order and complex data capture services, today announced the launch of FreightDocs, a bespoke, cloud-based, plug and play data capture solution, tailor-made for processing freight and logistics documents.
Built on CloudTrade’s unique, patented Gramatica technology and guaranteeing 100% accurate data capture; FreightDocs enables touchless processing of all types of freight and logistics documents, including freight invoices, freight bills, bills of lading (BOL’s), statements, goods receipt notes, and consignment notes.
With a network of top global carriers already live, the new solution speeds up onboarding and increases adoption by matching a business’s top transacting carriers to its set of preconfigured models, which can be modified to fit a business’s specific data formatting requirements. Enabling freight auditors, TMS providers, 3PL’s, freight forward operators and payment providers to extract, validate and convert data from hundreds of documents, and upload clean and structured data into their existing transport management software (TMS) system quickly and efficiently.
Heidi Calamusa, VP of Business Development for Freight Management, Inc., says: “My team and I manage and process over 220,000 freight and logistics documents for our customers every year, and FreightDocs plays a key role in our ability to maintain and grow our offer. Not only does CloudTrade’s solution provide us with a touchless, automated solution; but the level of accuracy, across all types of documentation, is without equal. The fact that so many customer / carrier combinations already exist on the network speeds up on-boarding for the entire ecosystem too.”
Roger Hatfield, VP, CloudTrade for Logistics, adds: “FreightDocs delivers unparalleled, automated, data capture accuracy in just a few weeks. Providing operators with greater control and insight over their freight data, which, of course, helps them to control and monitor costs. Our proprietary solution allows on the ground and back-office teams to process documents quickly, and then share that crucial data with their organisation’s existing systems within minutes of receipt.”
FreightDocs builds on CloudTrade for Logistics, a freight invoice platform, which enables carriers to overcome inefficient methods of freight invoice processing and transact digitally with their trading partners, regardless of their size or technical maturity. Launched in 2019, CloudTrade for Logistics was the first solution of its type to enable freight payment providers, third-party logistics (3PLs) and business process outsourcing partners (BPOs) to increase efficiencies, slash operational costs and increase throughput, by eliminating the processing of PDF and paper invoices.
With the addition of FreightDocs, CloudTrade for Logistics will continue to deliver benefits to both sides of the trading relationship, from cost reduction, to increased control. Improving a business’s ability to pay on time, increasing visibility and transparency within its supply chain. Suppliers can produce their freight invoices in an easy and non-disruptive way. Removing the need for changes to their applications, infrastructure, or internal processes. Unlike traditional EDI, CloudTrade does not require any additional technical resources.
Hatfield continues: “With CloudTrade for Logistics, your invoice data can easily be delivered into your freight payment or back-office system for processing in a file format that meets your needs, quickly and efficiently. Enabling users to send and receive tax and VAT compliant invoices, that are processed at 100% accuracy, at a line level detail and at a fraction of the cost.”