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Expedock ties up with logistics and supply chain automation software provider Magaya Corp to further accelerate and automate common freight data entry processes
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Magaya says the strategic technology partnership with Expedock will speed up common freight data entry processes by its accounting, operations, and management teams
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In August 2022, Expedock closed its Series A capital-raising in the US with a total of US$17.5 million raised to fund its business expansion
Magaya Corp, a logistics and supply chain automation software provider, has sealed a strategic technology partnership with Expedock to further accelerate and automate common freight data entry processes.
“We’re excited to announce a strategic technology partnership with Expedock to enable accounting, operations, and management teams to further accelerate and automate common freight data entry processes,” Miami, Florida-based Magaya said in a press statement.
Expedock is an AI-powered automation service that eliminates inefficiencies by automating many of the manual data entry processes involved with freight shipments, Magaya said.
“When used with Magaya Supply Chain, Expedock helps teams automate key accounting workflows, avoid unnecessary blocks in the delivery of goods, pay vendors on time, gain a clearer view of profit & loss and margin per shipment, and reduce turnaround time, allowing more time for customer service,” the company said.
Expedock founder and chief executive King Alandy Dy said artificial intelligence has taken centerstage in the news recently due to the endless possibilities that it creates. Expedock claims it is the only automation company in the freight market that can guarantee 99.97% data entry accuracy.
“At Expedock, we’re leveraging the power of AI to extract and reconcile unstructured data and post data directly into Magaya Supply Chain, eliminating costly errors and saving incredible amounts of time,” said the Expedock CEO.
“Our customers enjoy labor savings of 30-80% because staff can be reallocated to higher-value tasks such as customer service and sales, an important benefit, especially in this economy.”
Expedock uses for Magaya Supply Chain software include:
- Reconciling and entering monthly statements from vendors
- Processing commercial invoices, entry summaries, and packing lists
- Creating and amending shipments and consolidations
- 100% automation coverage for freight workflows
“We are impressed by the work the Expedock team is doing to help freight forwarders save time and money, objectives we very much share at Magaya. We’re thrilled to see our customers reaping the benefits of this partnership,” said Gary Nemmers, Magaya chief executive.
Magaya develops the logistics automation platform that accelerates growth. The company said its flexible, interoperable, modular, cloud-based solutions are designed to optimize and digitize the entire logistics operations and customer experience.
“Whether used together as an integrated logistics software platform or independently, Magaya solutions enable businesses of all sizes to streamline complex and redundant processes, enhance the customer experience, optimize productivity, reduce costs, and grow revenue,” Magaya said.
Expedock raised a total of US$17.5 million between February 2020 and August 2022 in pre-seed and Series A fundraising events.
READ: Filipino-led supply chain solution Expedock raises US$17.5M total funding
To date, tens of thousands of freight containers are being moved internationally every week via Expedock’s technology that eliminates inefficiencies by automating the manual processes and connects all physical and digital data sources into one platform.
