Challenges Faced
How WaveBL Solved the Challenges
Since Hecny already had its TMS, it was looking for a secure eBL solution that would allow for seamless connectivity. The Group chose WaveBL’s cutting-edge electronic Bills of Lading (eBL) platform for the following reasons.
- Secure eBL solution. The WaveBL platform is built on blockchain technology, making it secure for issuing and handling eBLs along the supply chain. No more Bills of Lading are getting lost
- Centralized Control. With WaveBL, Hecny can monitor and manage all operations in all its branches centrally cross-border
- Increased Efficiency. Efficiency has increased at several levels.
-With WaveBL eBLs, the number of human errors was reduced.
– Employees save time since they receive BL notifications automatically via the TMS. This means that they don’t need to search for updates in their email inbox anymore.
– Overall, efficiency is increased since the number of actions (steps) is reduced dramatically. - Integration with the Company’s TMS. WaveBL integrates seamlessly with Hecny Group’s existing TMS platform. Therefore, Hecny’s employees do not have to be trained in using an additional platform.
Using WaveBL provided several benefits
Enhanced Efficiency. The transition to eBLs significantly improved operational efficiency by 33% since the number of steps (e.g., the physical handling of a B/L by an employee) was dramatically decreased.
Time Savings. Compared to the time it takes for a paper-based BL from issue to surrender, an eBL only takes a fraction of that time. To illustrate, it took some eBLs only minutes to get from China to the US, which would take at least 5 days before.
Sustainable Impact. With WaveBL’s eBLs, Hecny Group could also commit to sustainability. The reduced paper usage contributed to the Company’s eco-conscious business practices.
