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.
Rely on unassailable data
The TradeLens data, communicated direct from the source, includes document events and planned, estimated and actual transport milestones.
Identify and assess questionable invoices
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.
Lower your operational costs
Using Hyperledger Fabric permissioned blockchain guarantees the immutability, privacy, and traceability of all shipping data, documents and versions.
Conclude audits with minimal effort
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.
The current spend on logistics in the U.S.,which grew by 11.4% in 2019 to 8% of U.S. GDP.
Ratio of accurate freight invoices.
The average recovery on freight billing errors.
Explore how TradeLens is shaping the future of global trade. Learn how TradeLens can benefit you by clicking on the information below.
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