The startup offers a supply chain automation and analytics platform that analyzes historical shipping data to identify inefficiencies and high shipping costs. By providing automated solutions, the platform enables clients to optimize their shipping operations and select the most cost-effective facilities.
Funding
$3.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many businesses lack clear visibility into their shipping expenses across different carriers and modes, making it difficult to identify inefficiencies and control costs. Manual auditing of invoices is time-consuming and prone to errors, resulting in missed refund opportunities and overpayments.
Solution
Lojistic provides a cloud-based platform that automates shipping spend management, giving businesses a unified view of their logistics data. By connecting to all carriers, the platform automatically audits invoices, identifies potential refunds, and provides detailed analytics on shipping performance. Users can compare costs across carriers and time periods, optimize carrier contracts, and automate accounts payable processes. The platform also offers an API for integrating shipping data with other business systems, ensuring seamless data flow and informed decision-making.
Target Audience
The primary target audience includes businesses of all sizes that ship parcels or freight and are looking to reduce shipping costs, improve operational efficiency, and gain better visibility into their logistics spend.
Features
- Multi-carrier connectivity: Integrates with various parcel and freight carriers for comprehensive data capture.
- Automated invoice auditing: Identifies billing errors, duplicate charges, and late shipment refunds.
- Cost reduction opportunity dashboard: Highlights areas for potential savings and operational improvements.
- Compare Mode: Benchmarks shipping performance across different periods, carriers, and business units.
- Detailed reporting: Generates custom reports on key shipping metrics, delivered automatically.
- Lojistic API: Enables integration with ERP, CRM, and other business systems for streamlined data exchange.
- Accounts payable automation: Automates invoice processing, GL coding, and carrier payments.
- Contract optimization: Provides insights for negotiating better rates with carriers.
- LTL/Truckload Marketplace: Accesses discounted rates and freight management services.