Expedock, a start-up software company, has introduced new freight document processing solution for freight forwarding companies. In particular, Expedock offers the possibility to freight forwarders to reduce the time they need for documentation processing, making the process 20 times faster using artificial intelligence (AI).
King Alandy Dy, chief executive officer of Expedock, said that introducing AI into the documentation process, it is eliminating shipment delays and errors in freight document processing.
Expedock claims its software allows companies to process up to 30-40% more documents per day by removing manual and repetitive typing. In addition, the company allows freight forwarders to generate forms using reference documents eliminating the chances of data misalignment.
Five companies have already agreed co-operation deals with the new eight-month old platform. CNT Worldwide Transport Inc. and Hartdrot are included in Expedock's client list.
"It required zero integration with our existing software," Erica Catania, Department Head at CNT Worldwide Transport Inc. comments. "It helped me capture information instantly and accurately."
King Alandy Dy told Container News that the average cost for Expedock's clients is US$0.7 per document.
King Alandy Dy, Jefferson Tan (chief operating officer) and Rui Aguiar (chief technology officer) are running Expedock, based in Silicon Valley.
"We’re creating a world where trade is 20 times more efficient and communication between different organisations in the supply chain is seamless," highlights Expedock.
Expedock raised substantial funding, though the company is unable to disclose how much, and is advised by some of the greatest minds in Silicon Valley. Advisors include a former executive vice president at Hewlett-Packard, vice president at IBM and senior vice president at Oracle among many others. In addition, they have taken funding from Pear and Bain Capital Ventures who are also investors in LinkedIn, Doordash and Branch.