To efficiently process invoices from different organizations involved across your supply chain, your accounts payable team needs trusted sources of data and information.
Today, when disputes arise over additional charges like detention and demurrage, information that can validate corresponding dates and times is limited and can often only be sourced from the creator of the invoice in a manual and time-consuming process.
TradeLens helps you manage costs by providing access to a secure, flexible platform for end-to-end supply-chain visibility and data direct from the source. These benefits extend to you and your trading partners and allow improvements in freight auditing and invoice reconciliation.
The TradeLens data, communicated direct from the source, includes document events and planned, estimated and actual transport milestones.
TradeLens structured documents are built to industry standards, meaning that the data and information within all shipping documents can be readily located, analyzed and interpreted.
Using Hyperledger Fabric permissioned blockchain guarantees the immutability, privacy, and traceability of all shipping data, documents and versions.
Each time a document is amended and published a new version of the document is created. With blockchain, a digital audit trail of changes is dynamically maintained for compliance management.