Neurored’s Blockchain Innovations Mean Finance Advantages for FF’s Customers.

Innovative Freight Forwarders are now providing comprehensive trade finance solutions to their customers, by taking advantage of the Neurored Trade Finance BlockChain.

Importers and Exporters now have an alternate mechanism to finance their trading operations. Rather than time-consuming, traditional trade financing provided by banks, trade is now being financed by Freight Forwarders, enabled by this innovative Neurored technology.

Freight Forwarder customers will get Credit Lines to finance their trading activity and automate payments directly from their newly established Credit Line.

The Neurored Trade Finance BlockChain solution takes simultaneous advantage of well-aligned conjunction of logistics and technology services, which we describe below:

  • Customers leveraging Freight Forwarder logistics services can negotiate more favorable incoterms for their counterparties. Importers will be able to buy FOB from their suppliers, which will clearly open the scope of suppliers who agree with these terms. Exporters will be able to sell CIF to their customers, which will also open the scope of buyers who agree with these terms.
  • Leveraging Neurored integration with the Ebury Fintech Platform for Import-Export finance and B2B Cross Border Payments, Freight Forwarder customers will get Credit Lines to finance their trading activity and automate payments directly from their newly established Credit Line.
  • Leveraging the combination of the Neurored Supply Chain Network and BlockChain technologies unifies all supply chain participants (Supplier, Freight Forwarder, Buyer, Inspection Entity, etc), enabling each to upload their respectively required documents into the BlockChain, ensuring all commercial terms have been addressed.

This transparency leads to Suppliers being paid directly from Ebury Credit Lines when commercial terms have been met and registered in the Blockchain.

The Neurored Trade Finance Solution has many advantages over the traditional Letter of Credit, which we explain below:

  • A Letter of Credit creates trust through the banks of seller/buyer counterparties. The banks are the participants who review all of the documentation to make sure commercial terms have already been addressed before processing any payment. This is heavily intensive, manual paperwork and consequently has a high cost.
  • The Neurored Trade Finance Solution creates trust thanks to a combination of technologies provided by Neurored and greater logistics capacity provided by Freight Forwarders. The final result is a process with less cost, where documents are uploaded and reviewed by all participants of the supply chain, keeping track on the BlockChain of all the documents and approval process required before doing a payment. Simultaneously and very important to note, the process also has the added advantage of achieving lower freight costs when counterparts charge you for them.

Contact us for further discussion.

TMS SOLUTIONS
CPQ. SCHEDULING. BOOKING.
    ● Freight Rates Management
    ● Freight Routing
    ● Scheduling and Booking
    ● Guided Selling Process
    ● Automated Quoting
SCM SOLUTIONS

WAREHOUSING (WMS) SOLUTION

    ● Goods Receipt and Issue
    ● Graphical Floor Control
    ● QR Code Tagging & Scanning
 

TRACKING SOLUTIONS

    ● Mobile App For Drivers
    ● AIS Satellite & IoT Tracking
    ● Container/ Cargo Tracking
    ● QR Code Tracking
    ● IoT Condition Monitoring
 

SUPPLY CHAIN CONTROL TOWER

    ● Inventory Planning & Tracking
    ● Shipments Control Tower
    ● Advanced Einstein Analytics
 

TRANSPORT OPTIMIZATION

    ● Advanced Route Optimization
    ● Advanced Loading Optimization
    ● Capacity and Scheduling Planning
 

SUPPLY CHAIN ANALYTICS AND PLANNING

    ● Real-time Reports & Analytics
    ● Advanced Einstein Analytics
    ● Business Outcome Prediction
 

DOCUMENT MGMT. & BILLING

    ● ICR Document Recognition
    ● Native Billing Solution
    ● Customized Invoicing
    ● Integrated Accounting Solution
 
BRANDED COMMUNITY PORTALS
    ● Reverse Auction & E-Sourcing
    ● Supplier Rates Maintenance
    ● Self-service Quotations
    ● Community Analytics
SUCCESS STORY

EUROPARTNERS SET TO DOUBLE GLOBAL FOOTPRINT WITH NEURORED

Feature Image of Neurored and Europartners Success Story

Alejandra Tamez, Product Owner of Europartners, discusses how Neurored’s CPQ Solutions helped them speed up their quotation process by 4 times.


INDUSTRIES
2PL - CARRIERS AND CHARTERINGNeurored-Industries- 2PL Carriers and Chartering Image
    ● Shipping Lines
    ● Truck and Haulage
    ● Commercial Railways
    ● Cargo Airlines
 

3PL - FREIGHT FORWARDERS AND NVOCC

    ● Ocean Transport
    ● Air Transport
    ● Road Transport
    ● Rail Transport
    ● Multimodal Transport
    ● Warehouse Management
Neurored-Industries- 3PL Freight Forwarders and NVOCC
 

COMMODITY AND INDUSTRIAL TRADERS

Neurored-Industries- Commodity and Industrial Traders
    ● Fiber & Food Grains
    ● Enery, Oil & Gas
    ● Forest Products
    ● Chemicals & Fertilizers
    ● Livestock & Meat
    ● Metals & Minerals
 

GLOBAL IMPORTERS AND EXPORTERS

    ● Automobiles & Transport
    ● Construction Equipment
    ● Consumer Packaged Goods
    ● Consumer Electronics
    ● Fashion & Retail
    ● Pharma & Healthcare
Neurored-Industries- Global Importers and Exporters
 

CARGO PORTS AND TERMINALS

Neurored-Industries- Cargo Ports and Terminals
    ● Sea Ports
    ● Inland Ports
    ● Cargo Terminals
    ● Rail Terminals
    ● Cargo Airports
    ● Dry Ports (Multi-modal)

SUCCESS STORY

EUROPARTNERS SET TO DOUBLE GLOBAL FOOTPRINT IN 2020

Feature Image of Neurored and Europartners Success Story

Alejandra Tamez, Product Owner of Europartners, discusses how Neurored’s CPQ Solutions helped them deliver real-time tracking and speed up their quotation process by 4 times...READ MORE

PRODUCT NEWS

SALESFORCE ENHANCES SHIPPER EXPERIENCE WITH NEURORED

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Watch our quirky infomercial in collaboration with Salesforce to know how our solution helps Commodity Traders, 3PLs, and Global Shippers transform operations.
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INDUSTRY NEWS

DREAMFORCE HIGHLIGHTS FOR GLOBAL TRADE & LOGISTICS

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Being one of the world’s largest tech conferences, Dreamforce never fails to create a buzz in the industry. Spread across San Francisco's Moscone Center with 2,700+ breakout...READ MORE

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