Portlogics offers a Trade Order Management System (TOMS) that digitizes and standardizes the management of import and export documentation, utilizing Incoterms for clear trade term interpretation. The platform enhances transparency and security in logistics by providing a comprehensive cost settlement service and protecting data through blockchain technology.
Funding
Funding not disclosed
Founders
Product
Problem
Managing import and export documentation is traditionally a manual, paper-based process, leading to inefficiencies and lack of transparency. Discrepancies in interpreting trade terms (Incoterms) and managing costs across different parties can result in disputes and financial losses. The absence of a centralized, secure platform for logistics data increases the risk of errors and security breaches.
Solution
Portlogics offers a Trade Order Management System (TOMS) that digitizes and standardizes import and export documentation, providing a centralized platform for managing the entire trade process. The system uses Incoterms to ensure consistent interpretation of trade terms, reducing ambiguity and potential disputes. TOMS provides a cost settlement service that manages every cost component for each order based on Incoterms, enhancing transparency and accountability. The platform secures logistics data using verified servers and blockchain-based history management, ensuring data integrity and preventing unauthorized access.
Target Audience
The primary target audience includes enterprises involved in import and export activities, such as shippers, freight forwarders, and logistics providers.
Features
- Digital management of export and import documents (CL, PL, BL, etc.)
- Customized B2B web and app trade management system for shippers
- Incoterms-based trade management for standardized interpretation of trade terms
- Cost settlement service managing cost components for each order based on Incoterms
- Secure data protection through verified servers and blockchain-based history management
- Real-time visibility into the status of each order
- Automated alerts and notifications for key milestones and potential issues