Companies can waste millions of dollars every year, in addition to cash flow bottlenecks. Companies that track shipments from receipt at port to delivery at customer, often rely on signed paper Bills of Lading (BOL) that are faxed back by truck drivers or other transportation personnel for tracking and Proof of Delivery (POD). Manually processing and storing the documents for audit is time consuming and expensive, and delays the invoicing process, which directly affects cash flow.
API provides an Electronic Bill of Lading System that retrieves the faxed documents, scans, validates, verifies, and stores the electronic documents automatically, providing critical track and trace functions for accounting and for auditing.
Electronic Bill of Lading was developed on the Value Chain Technology Solutions™ Supply Chain Software Framework.