Digital contract solutions in logistics
Industry
Longer cycle times due to manual interactions and silos
Logistics processes often involve huge coordination and contract reconciliation efforts by the involved parties. Many processes are still paper-based or need manual interaction between humans.
Another problem is that most parties involved in the value chain are not technically connected and few collaboration benefits are realised. This approach causes data silos, manual reconciliation efforts in every involved IT system, and longer cycle times.
The ongoing digitalisation puts logistics companies under even more pressure: efficiency can only be increased if processes across companies are aligned. As a result, cycle times are optimised and costs are reduced due to less human interaction.
Solution
Secure competitive and efficient core business
Deon Digital’s contract technology can be used to realize the vision of a fully automated logistics industry. For example, we build secure communication platforms where logistic companies and their IT systems can communicate digitally with each other.
Our mission is to establish an ecosystem with several independent logistics partners where logistics processes along the whole value chain can be managed digitally by applying one communication protocol.
By using Deon Digital’s contract technology, logistics processes across company borders can be fully integrated into one smart IT infrastructure. Furthermore, this approach enables empirical research, such as data analytics for identifying critical bottlenecks in the value chain.
Benefits
Smart & Efficient
Transfer of data (e.g. bill of orders, etc.) from one IT system to another is done automatically because the involved parties are connected with each other through the Deon Digital communication system. Therefore, no physical exchange of papers is needed anymore.
Compliant
Track and trace partners‘ duties and actions so that the entire ecosystem works free from interference. For example, at every point in time, participants can audit the status of the process.
Cost Reduction
Thanks to Deon Digital’s contract technology, logistics partners can focus on their core business. Infrastructure-related issues and processes across companies are managed by Deon Digital technology and its digital contracts.