Coforge, a leading global provider of digital transformation and technology services, has recently launched Quasar e-BOL, an innovative solution for automating unstructured freight billing. It aims to streamline the complex process of freight billing, which often involves significant manual intervention and is prone to errors.
Quasar e-BOL is a cloud-based, end-to-end solution that automates the freight billing process, from creating the Bill of Lading (BOL) to invoicing and payment. The solution uses advanced technologies such as Natural Language Processing (NLP), Machine Learning (ML), and Optical Character Recognition (OCR) to extract data from unstructured freight documents and convert it into structured data. This eliminates the need for manual data entry and reduces errors, and speeds up the billing process.
One of the critical benefits of Quasar e-BOL is its ability to handle a wide range of unstructured freight documents, including bills of lading, delivery receipts, and packing lists. These documents often contain handwritten or poorly scanned information, making them difficult to process automatically. However, the NLP and OCR capabilities of Quasar e-BOL enable the system to recognize and extract data from these documents with high accuracy.
In addition to automating the data extraction process, Quasar e-BOL also provides a range of features for managing and tracking the billing process. Users can monitor the status of each shipment, view invoice details, and generate reports to analyze billing trends and identify potential issues. The solution is also highly configurable, allowing users to customize workflows and business rules to suit their requirements.
The launch of Quasar e-BOL is a significant step forward for the freight billing industry, which inefficiencies and manual processes have long plagued. By automating creating and managing bills of lading, Quasar e-BOL enables organizations to reduce costs, improve accuracy, and accelerate the billing process. This, in turn, helps to improve cash flow and provide a better customer experience.
The solution offers a highly accurate and efficient way to create and manage bills of lading and is highly configurable to meet the needs of different organizations. By automating this critical process, Quasar e-BOL helps to improve efficiency, reduce costs, and deliver a better customer experience. The adoption of such solutions will increase in the coming years as more and more organizations seek to streamline their processes and leverage the benefits of automation.
