Velostics Insights

Velostics Unveils Advanced 3-Way Scheduling Solution to Revolutionize Cashflow for Shippers

Written by Admin | Sep 10, 2024 6:58:14 PM

We are proud to announce the launch of our groundbreaking 3-Way Scheduling Solution, designed specifically for shippers to optimize operations and improve cash cycles.

This innovative solution enables seamless scheduling across the entire supply chain, allowing shippers to synchronize inbound shipments with suppliers and carriers, while coordinating outbound shipments with consignees and carriers—all on a single platform. By reducing holding costs through improved customer pickup coordination, our solution ensures better collaboration, enhanced communication, and faster responses to issues and exceptions.

A New Era of Logistics Excellence

"The industry has an ailing problem of manual scheduling. Legacy TMS/WMS systems offer basic scheduling solutions, newer entrants offer functionality limited to dock scheduling. As a result, the gap is being filled by manual emails or calls to consignees for appointments. Velostics is excited to introduce an innovative 3-Way Scheduling Solution, which will automatically generate scheduling pages for all suppliers and consignees for our customers," said Gaurav Khandelwal, CEO of Velostics. "As simple as Calendly, this solution takes the hassle out of emailing/calling consignees for delivery times, then coordinating with your brokers/carriers. By streamlining scheduling and improving the cash cycle, we are reducing shipment costs and delivering tremendous value to the CFO."

Improving Cash Flow Management

Customer-Managed Freight: The 3-Way Scheduling Solution notifies customers as soon as their order is ready for pickup, eliminating delays caused by manual communication. This enables shippers to predict when they can invoice and reduces inventory holding costs.

Outbound Prepaid Freight: Shippers can’t invoice without shipping, and they can’t ship without a delivery appointment. Our solution automates delivery appointment bookings, enabling shippers to invoice without delays. Additionally, Velostics Pass allows for easy proof of delivery (POD) capture via e-sign, ensuring invoices are processed smoothly.

Inbound Collect Freight: Shippers can now easily book pickup appointments from suppliers through the 3-Way Scheduling Solution, avoiding the back-and-forth of calls or emails. This helps reduce inventory carrying costs and improves cash flow by providing a reliable system for selecting the best pickup time.

Our real-time communication capabilities allow shippers to quickly identify unset appointments, monitor in-transit shipments, and proactively address issues before they escalate. By keeping all stakeholders informed, the risk of miscommunication and delays is significantly minimized.

Significant Outcomes

Data from our systems shows that our clients have experienced notable improvements in their operations, including:

  • 30–33% reduction in labor related to receiving
  • 90%+ reduction in detention claims after optimizing scheduling processes
  • 80%+ reduction in loading times

Significant Outcomes

Data from our systems shows that our clients have experienced efficiencies in their operations such as:

  • 30% to 33% labor reduction on receiving.
  • 90% + reduction in detention claims after streamlining operations.
  • 80%+ reduction in loading times.

Seamless Integration and Enhanced Efficiency

The 3-Way Scheduling Solution integrates easily with existing Transportation Management Systems (TMS), consolidating all available appointments into a single view. This allows logistics service providers (LSPs) and carriers to make informed scheduling decisions, boosting operational efficiency.

Velostics offers native integration with Oracle Transportation Management (OTM) and Mercury Gate, enabling customers to go live within one day and start realizing savings immediately. For consignees and suppliers using their own scheduling systems, Velostics supports API/EDI integrations, aligning with the Scheduling Consortium's guidelines. This flexibility ensures that our solution caters to a wide range of users, regardless of their current systems, making logistics management more accessible and streamlined.

About Velostics

Velostics is a leading Software-as-a-Service (SaaS) company specializing in logistics technology. Our platform unifies and optimizes scheduling, dock, and yard management while digitizing gate operations for shippers. With our industry-leading 3-Way Scheduling Solution, we’re committed to driving innovation in logistics, helping businesses reduce manual processes, eliminate errors, and achieve greater operational efficiency.

Interested in learning how our solution can help your organization save time and money? Schedule a free 20-minute consultation by clicking the button below👇🏼