The transport and logistics industry is a highly competitive one with low margins. Direct TMS interfaces are essential for the exchange of information between companies. While the big players maintain these among themselves, the expensive interfaces are often missing in medium-sized companies. This leads to manual data entry and inefficient processes. To ensure that transportation and logistics service providers are not limited by the lack of TMS interfaces when creating transport orders, document processing can be automated with the powerful Parashift IDP platform. The top 3 reasons for Intelligent Document Processing (IDP) in the transportation and logistics industry.
Direct TMS interfaces are not always economically viable. Parashift offers an alternative and reliable solution for the transport and logistics industry.
The 3 best reasons for Intelligent Document Processing (IDP)
Reason #1: Manual Document Processing
In an industry where real-time data from documents is the be-all and end-all for rapid response times, any manual intervention leads directly to delays and thus slower processes. But that’s not all: manual data entry into TMS also always leads to an increased proneness to errors, something logistics companies logically want to avoid at all costs.
With IDP: IDP allows documents to be captured, classified and data extracted from them as they are coming in. The automation of this step allows the rapid reaction and validation by employees (human in the loop) if any discrepancies appear in the documents that the system does not recognize.
Reason #2: Large document variation
In order to create a transport order, transport and logistics companies require a large amount of different documents from their clients, including packing lists, commercial invoices, bills of lading, certificates of origin, delivery bills, dangerous goods declarations, and so on. The processing of this large variation coupled with the sometimes high complexity of the individual documents requires an enormous amount of time resources.
With IDP: With IDP, the unstructured and complex documents for the creation of transport orders can be processed automatically. This also includes handwritten forms. With IDP, the process from the request to the creation of the transport order is thus possible within the shortest possible time.
Flexible and high-performance data extraction is complex. That’s exactly why Parashift, as a best-of-breed IDP solution, takes exclusively care of it.
Reason #3: Downstream processes with IDP
Incorrect data creates unusable data streams. Instead of minimizing manual work, employees must thus be assigned to tedious tasks. In addition, inaccurate data prevents the automation of downstream processes.
With IDP: IDP can finally automatically provide downstream processes with relevant and structured data. Robust IDP creates reliable data streams, which helps logistics service providers achieve more straight-through processing (STP) and thus competitive advantages due to faster processing times.
Key Takeaways
- No direct interfaces between TMS = no problem with Parashift’s Intelligent Document Processing platform
- Automate with Intelligent Document Processing = reduce costs by 40% immediately
- Dramatically reduce manual work = massive acceleration of response and processing times for transportation and logistics companies
