Organizations are struggling with the inefficiencies associate with the bill of lading process. Workers are having to convert carrier bill of lading into a format that is consumable to capture the additional data required. Manual processes such as capturing additional required information on the product, inspections on that product and visibility of the product throughout the process all pose significant risk to companies.
The quality of data is compromised causing unnecessary and costly checks and balances. The inability to track inventory during shipment causes lack of visibility. The inability to real-time bill posses economic risks that have a negative impact on the bottom line. By automating the entire bill of lading process; integration with logistic software, creating visibility, accountability and critical quality data gathering through the Knomatic Platform while publishing data back into the ERP, companies are reducing their risks. and ultimately reducing their time to bill resulting in increased revenue recognition and customer satisfaction.