The modern world of business is so fast paced and companies are constantly scrambling to outdo each other. But let’s face it, in the logistics industry, the real challenge isn’t beating out the competition, it’s keeping up with the mountains of shipping documents that come with the territory.
IDP & Logistics
On an average 12 billion documents are processed in ocean forwarding alone each year! Talk about a paperwork nightmare. But fear not, because the game-changer has arrived in the form of intelligent document processing. With the help of AI, logistics companies can now extract data from documents faster and more accurately than ever before, a process known as Intelligent Document Processing or IDP. So, let the others play catch-up while you leave them in the dust.
The pressure to improve back office efficiency is at an all-time high, and the logistics industry is no exception. Shipping documents and workflows specifically are more complex than most. So, it’s no surprise that the industry is turning to intelligent document processing, using AI to extract data from documents faster and more accurately than ever before. But let’s not fool ourselves, the average industry-agnostic tools on the market just won’t cut it for logistics. We’re talking about a whole different level of complexity here – from Bills of Lading, Commercial Invoices, Supplier Invoices, and Packing Lists – and the expertise needed to accurately process them to provide top-notch service for customers.
Why not use an off the shelf solution?
Off-the-shelf solutions just can’t handle the level of data extraction and the wild variations in form and content that logistics documents require. The logistics industry is a highly complex and dynamic field that requires sophisticated solutions to manage and optimize operations. While Software as a Service (SAAS) solutions have become increasingly popular in recent years, they may not always be the best fit for the unique needs of the logistics industry. In fact, a custom document processing solution could be a much better option for logistics companies looking to streamline their operations and improve efficiency.
One of the main reasons why existing SAAS solutions might not be ideal for the logistics industry is that they often come with a one-size-fits-all approach. These solutions are designed to serve a wide range of industries, and may not be able to handle the specific requirements and challenges faced by logistics companies. For example, logistics companies need to manage a large volume of documents, such as invoices, receipts, and shipping manifests, which can be difficult to handle using a generic solution.
Another issue with existing SAAS solutions is that they often have limitations in terms of customization. Logistics companies may require specific features or functionality that is not available in a standard SAAS solution, and may need to add customizations to make the solution work for their particular use case. And not to mention, this can be a costly and time-consuming process, and may not always yield the desired results.
On the other hand, a custom document processing solution with Auxilis can be tailored to the unique needs of a logistics company, and can be designed to handle the specific challenges and requirements of the industry. This includes handling large volumes of documents, automating document management, and integrating with other systems such as shipping and tracking software. Additionally, a custom solution can be designed to support the specific regulations and compliance requirements of the logistics industry, such as customs clearance and security protocols.
How DHL is using IDP in their logistics
One example of a logistics company that has benefited from a custom document processing solution is DHL, the global logistics provider. DHL implemented a custom solution for document management, which allows for the automation of invoice processing, and has resulted in significant cost savings and improved efficiency.
Summary
All in all, while SAAS solutions can be a convenient option for many industries, they may not be the best fit for the logistics industry. Your Auxilis -document processing solution can be tailored to the specific needs of your logistics companies, and can provide significant benefits in terms of efficiency, cost savings, and compliance.
Let Auxilis take the load off your shoulders and give you a break from manual admin. With intelligent document automation solution, you can sit back and relax while we handle the heavy lifting. Logistics companies, give us a call or fill out our contact form here. We’d love to help you streamline your back office document automation and make your work life a little more delightful.
References:
“DHL Invoice Automation” (https://www.dhl.com/global-en/home/about-us/case-studies/dhl-invoice-automation.html)
“The Importance of a Custom Document Management Solution for Logistics” (https://www.logistics.dhl/global-en/home/about-us/case-studies/the-importance-of-a-custom-document-management-solution-for-logistics.html)
