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Ship Angel Inc. introduced Contract Amendment Guard and Invoice Audit, providing essential automations to the rate management process and provide substantial improvements to beneficial cargo owner (BCOs)’ bottom lines.
“BCOs are among the most underserved global shipping segments when it comes to modern, high-quality logistics technology,” says Graham Parker, co-founder and CEO of Ship Angel. “The shipping industry has reached a pivotal moment where complexity, unpredictability, and cost have skyrocketed and are unmanageable using spreadsheets. Ship Angel addresses these challenges head-on with innovative AI-native SaaS solutions that deliver significant value in efficiency, supply chain performance, and data accuracy. We are excited to have the backing and expertise of Glasswing Ventures and Newark Venture Partners as we scale the business and accelerate the development of innovative solutions that revolutionize the BCO product suite.”
Key takeaways:
- Amendment Guard serves as a central line of communication between carriers/forwarders and shippers to identify the changes on every surcharge, free time change, and transit time change.
- With Ship Angel’s AI-powered Invoice Auditing, BCOs can store bookings in a digital environment where they are matched with exact dates (e.g., sailing or received on terminal) and actual rates. The AI flags inconsistencies, reducing the error rate and saving hours of manual labor.