The compilation and archiving from freight documentation are highly expensive and time-consuming activities for enterprises. It takes a massive coordinated effort between Electronic Content Management (ECM) solution, Enterprise Resource Planning (ERP) and Transportation Management System (TMS) to monitor all supply chain records. When searching of key records from invoices, customs documentation or lading bills, not only it is not easy to find the right information, but there are also lots of discrepancy between documents, producing inefficiencies on your daily operational activities.

While the year of 2020 had certainly changed the way companies to strategize their digital transformation initiative for 2021, business leaders are still cautious on the spending of the new technologies. Most CTOs want a solid business case that has a quick Return of Investment (ROI). In fact, when looking at the Supply Chain and Logistics Technology Trends To Watch in 2021, using Artificial Intelligence Assisted Robotic Process Automation (AI-RPA) should be on the top of the list of projects to be implemented this year.

Take example of customs brokers or 3PLs, where their clients, vendors and transporters are sending tons of documents in every hour of the day. Many companies are still using manual data entry to process business documents. This approach is error-prone, time-consuming, and expensive. Having a team of people printing the documents and then processing in their operating system is simply no longer acceptable in 2021.

Among AI-RPA technologies, the smart documentation extraction solution is the low hanging fruit that can provide immediate savings and to make a solid business case for future digitial transformation initiatives. By implementing a cloud-based solution at the very beginning of your business process to automate the extraction of key information from the heavy volume of incoming freight documents daily is the foundation of having full data transparency of your current business. Once this information is extracted, it becomes searchable for operational teams to use, for internal sales team to better understand the demands from clients, to produce analytics to further understand the current state of your business, and so much more.

Supply Chain and Logistics are rapid paced, and the records need to be accessed at a moment’s notice. Hyper-automation is the key to both digital operational excellence and operational resiliency for organizations.

Grasp control of your documents with Mely.ai for Logistics

Mely.ai™ for Logistics automatically and accurately extracts information from Bill of Lading, Waybill, Commercial Invoice, Proof of Delivery (POD), Manifest, Certificate of Origin, Packing List and more. With its hyper-automation technology, 85% cost saving and 95% time saving can be expected by removing the manual data extraction from document and entry to other systems.

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