Freight Technologies Partners with Solvento to Enhance Logistics
Freight Technologies, Inc. (NASDAQ: FRGT) has recently forged a strategic partnership with Solvento, a prominent fintech provider. This collaboration is aimed at optimizing financial workflows within the logistics sector, particularly focusing on the trucking and logistics industry in Latin America.
Integration of Systems for Greater Efficiency
The partnership aims to integrate Freight Technologies' Fleet Rocket Transportation Management System (TMS) software with Solvento's financial management tools. This innovative integration will allow brokers, carriers, and shippers using Fleet Rocket TMS to seamlessly connect shipment and operational data to Solvento's advanced financial tools, which greatly simplifies processes like invoicing, collections, payments, and reporting on receivables and payables.
Benefits for Users
This joint effort is set to benefit both companies' users tremendously. Solvento’s existing customers will have access to Fleet Rocket TMS, which will serve as their preferred system for comprehensive transportation management, encompassing planning, dispatching, visibility, and performance analytics. In turn, Freight Technologies' clientele will experience enhanced operational efficiency through streamlined financial management processes.
Remarks from Company Leaders
Javier Selgas, CEO of Freight Technologies, highlighted the advantages of this integration, stating, "Fleet Rocket TMS is designed to help shippers and brokers run smarter, faster, and better. By combining logistics execution with Solvento’s financial services, we create a fully interconnected operational workflow. This change will grant our clients enhanced transparency and powerful tools to aid their growth."
Vision of Collaboration
On the other hand, Jaime Tabachnik, CEO of Solvento, emphasized the shared vision of both companies. Tabachnik noted, "Our mission at Solvento is to simplify payments in logistics. Collaborating with Freight Technologies allows us to embed this value directly within the logistics process. This integrated approach reduces friction and boosts efficiency and financial clarity for our clients. We are eager to expand this partnership and assist our customers throughout the region."
Future Collaboration Plans
As part of their partnership, Freight Technologies and Solvento will introduce a mutual referral program aimed at onboarding partners and clients within their collaborative framework. This initiative will open the door for additional joint features and offerings, promising even more dynamic solutions for their shared customer base.
About Solvento
Solvento is an innovative AI-powered fintech platform that is revolutionizing logistics operations throughout Latin America. By offering smart financing solutions, it enables participants in the industry - including shippers, carriers, and brokers - to validate invoices instantly, automate payments, and improve cash flow across the supply chain. To date, the platform has efficiently processed over 150,000 invoices and financed more than 4.5 billion Mexican pesos in freight operations.
About Freight Technologies Inc.
Freight Technologies Inc. (NASDAQ: FRGT) specializes in providing a wide range of technological solutions powered by artificial intelligence and machine learning, aimed at optimizing supply chain processes. The company's offerings include several platforms such as Fr8App for seamless B2B shipping and Fr8Now for less-than-truckload shipping. Furthermore, they provide Fr8Fleet, a dedicated enterprise service, and Fleet Rocket, a flexible and cost-effective TMS. Together, these tools facilitate a more interconnected and efficient logistics network.
Frequently Asked Questions
What is the purpose of the partnership between Freight Technologies and Solvento?
The partnership aims to integrate logistics execution with financial management processes, enhancing operational efficiency for both companies' clients.
How will users benefit from the Fleet Rocket TMS and Solvento integration?
Users will experience simplified invoicing, improved cash flow management, and enhanced visibility over their logistics processes.
What are the future plans for the collaboration?
Freight Technologies and Solvento are planning to expand their joint offerings and introduce more collaborative features to further support their customers.
What technologies power Freight Technologies' solutions?
Freight Technologies uses artificial intelligence and machine learning to optimize supply chain processes through its various platform solutions.
How has Solvento impacted the logistics industry in Latin America?
Solvento has transformed logistics operations by automating payment processes and improving financial clarity, benefiting shippers, carriers, and logistics providers.
