ATLANTA, April 10, 2024 (GLOBE NEWSWIRE) — Descartes Methods Group (Nasdaq:DSGX) (TSX:DSG), the worldwide chief in uniting logistics-intensive companies in commerce, introduced the supply of Descartes MacroPoint FraudGuard to assist freight brokers, third-party logistics corporations (3PLs) and shippers determine and forestall fraudulent actions associated to service info, load monitoring, and cargo standing. The brand new capabilities at the moment are included as a part of the subscription for the Descartes MacroPoint service.
“Fraud is a critical and rising drawback within the {industry}. The prices related to, for instance, stolen masses, double brokering and mode switching, will be vital. Worse, it’s extraordinarily difficult for stakeholders to search out efficient and well timed resolutions when incidents do happen,” stated Omer Ramušević, Director of Enterprise Improvement, Swick Logistics. “With Descartes MacroPoint, we could have a brand new option to automate the early detection of potential fraud, which will probably be essential to stopping disruptions for our clients, mitigating monetary threat, and constructing belief with our shipper and service communities.”
Descartes MacroPoint FraudGuard makes use of superior expertise to proactively assess and flag sure potential cases of service or driver fraud by evaluating billions of knowledge factors on freight location and standing for accuracy. It helps to fight fraud by verifying the situation of the freight and driver, blocking location monitoring factors which can be decided to be false and managing the interplay with the shopper when fraud is detected. The brand new capabilities assist freight brokers, third-party logistics corporations (3PLs) and shippers detect fraud early, save prices related to the repercussions of fraud, enhance service scorecards and service community efficiency, improve belief with clients and carriers, and enhance collaboration with carriers and companions when addressing issues or disputes.
Descartes MacroPoint is a multimodal visibility platform designed to assist freight brokers, 3PLs and shippers acquire higher visibility to their freight operations and shipments. Carriers can simply join with the answer through GPS-based digital logging system (ELD), transportation administration programs (TMS), or cellular app-based monitoring strategies. The platform permits for elevated management and administration of the provision chain—with extra environment friendly and high-quality information to enhance communication and decision-making. Utilizing Descartes MacroPoint, corporations can improve customer support, improve distribution effectivity, higher collaborate with clients, suppliers and carriers, and decrease the affect of disruptions and late supply penalties.
“Given the more and more subtle ways of dangerous actors mixed with the sheer quantity of knowledge in transportation and logistics, it’s important to have superior capabilities to assist monitor and decrease the affect of fraudulent actions,” stated Dan Cicerchi, Basic Supervisor, Transportation Administration at Descartes. “That is an industry-wide situation, and our capabilities assist handle these challenges, making Descartes MacroPoint an much more precious freight visibility instrument by facilitating a safer logistics ecosystem.”
About Swick Logistics
Primarily based in Naperville, IL, Swick Logistics is a full-service 3PL freight brokerage offering custom-tailored freight providers—together with dry van, expedited, flatbed, refrigerated, and particular shipments—by its fleet and trusted companion service community to clients throughout the U.S., Mexico and Canada. For extra info, go to www.swicklogistics.com.
About Descartes
Descartes (Nasdaq:DSGX) (TSX:DSG) is the worldwide chief in offering on-demand, software-as-a-service options targeted on enhancing the productiveness, safety and sustainability of logistics-intensive companies. Clients use our modular, software-as-a-service options to route, monitor and assist enhance the security, efficiency and compliance of supply sources; plan, allocate and execute shipments; charge, audit and pay transportation invoices; entry world commerce information; file customs and safety paperwork for imports and exports; and full quite a few different logistics processes by taking part on the earth’s largest, collaborative multimodal logistics neighborhood. Our headquarters are in Waterloo, Ontario, Canada and we now have places of work and companions world wide. Be taught extra at www.descartes.com, and join with us on LinkedIn and Twitter.
World Media Contact
Cara Strohack
Tel: +1(800) 419-8495 ext. 202025
cstrohack@descartes.com
Cautionary Assertion Relating to Ahead-Wanting Statements
This launch accommodates forward-looking info inside the that means of relevant securities legal guidelines (“forward-looking statements”) that relate to Descartes’ transportation administration answer choices and potential advantages derived therefrom; and different issues. Such forward-looking statements contain recognized and unknown dangers, uncertainties, assumptions and different elements which will trigger the precise outcomes, efficiency or achievements to vary materially from the anticipated outcomes, efficiency or achievements or developments expressed or implied by such forward-looking statements. Such elements embody, however are usually not restricted to, the elements and assumptions mentioned within the part entitled, “Sure Components That Might Have an effect on Future Outcomes” in paperwork filed with the Securities and Change Fee, the Ontario Securities Fee and different securities commissions throughout Canada together with Descartes’ most lately filed administration’s dialogue and evaluation. If any such dangers truly happen, they may materially adversely have an effect on our enterprise, monetary situation or outcomes of operations. In that case, the buying and selling worth of our frequent shares might decline, maybe materially. Readers are cautioned to not place undue reliance upon any such forward-looking statements, which converse solely as of the date made. Ahead-looking statements are supplied for the needs of offering details about administration’s present expectations and plans regarding the longer term. Readers are cautioned that such info might not be applicable for different functions. We don’t undertake or settle for any obligation or endeavor to launch publicly any updates or revisions to any forward-looking statements to mirror any change in our expectations or any change in occasions, situations or circumstances on which any such assertion is predicated, besides as required by legislation.
The put up New Descartes MacroPoint™ Capabilities Assist Fight Fraud in Transportation and Logistics – TipRanks Monetary Weblog appeared first on FinanceGrabber.