Provides an automated data extraction and processing platform for logistics companies, integrating with systems like CargoWiseOne to streamline tasks such as accounts payable reconciliation, customs declaration creation, and import/export job management. By reducing manual data entry, it enables real-time processing, increases accuracy, and cuts document handling time by up to 85%.
Funding
$7M 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
Logistics companies face challenges in manually extracting and processing data from various documents, leading to inefficiencies in accounts payable reconciliation, customs declaration creation, and import/export job management. This manual data entry is time-consuming, prone to errors, and hinders real-time processing capabilities.
Solution
Shipamax provides an automated data extraction and processing platform designed to streamline logistics operations. The platform integrates with existing Transportation Management Systems (TMS) and Enterprise Resource Planning (ERP) systems, such as CargoWise One, to automate tasks like accounts payable invoice reconciliation, customs declaration population, and import job creation. By leveraging machine learning and anti-template technology, Shipamax accurately categorizes, extracts, and validates data from invoices, bills of lading, and other logistics documents in real-time. This reduces manual data entry, minimizes errors, and accelerates document processing, enabling logistics companies to achieve straight-through processing and improve overall efficiency. The platform's DocRouter feature automatically categorizes and routes email attachments to the corresponding job, further optimizing document workflow.
Target Audience
The primary target audience includes freight forwarders, bulk & tanker companies, and other logistics organizations seeking to automate data entry and streamline document processing workflows.
Features
- Automatic reconciliation of accounts payable invoices into TMS or ERP systems
- Automated data capture from commercial invoices for customs declaration creation
- Automated creation and updating of import jobs from master and house bills contained within pre-alert emails
- Automatic triage of master bills for export
- DocRouter automatically categorizes and routes email attachments to the matching job
- Real-time data extraction and validation with high accuracy
- Out-of-the-box integrations with leading logistics systems
- Anti-template technology for handling diverse document formats