The startup Nuvocargo launches a transport platform
Cross-border digital trade company Nuvocargo launched a platform designed to help motor carriers streamline payments and invoicing.
As the company said in a Press release The Wednesday, June 29 launch follows the December debut of Nuvocargo’s first carrier product, QuickPay for Carriers.
“After talking extensively with our carriers, we discovered that the industry’s existing billing processes were a major point of inefficiency in their operation, leading to payment delays,” said Anaid Chaconproduct manager at Nuvocargo.
Chacón said the new platform tracks all invoices and load details in one place, with carriers who have adopted the solution reporting that they save between one and three hours a day.
Meanwhile, the company announced that Jonathan Rojas was appointed Head of Procurement for Nuvocargo, overseeing the carrier’s sales and operations team and the deployment of the carrier’s platform.
Rojas brings over a decade of transportation experience and has worked with startups and freight companies. His most recent position was as Vice President of Carrier Management and Operations at Transfix.
“Carriers are at the very center of what we do at Nuvocargo, and our efforts have been very focused on giving them a more streamlined experience that they can’t find anywhere else,” said the company’s CEO and co-founder. Deepak Chugani. “Carriers are essential not only to grow our market, but also to provide best-in-class service to our shippers.”
In an interview with PYMNTS last year, Chhugani said the pain points in the road movement of goods across the US-Mexico border are particularly acute.
Read more: Digital platforms improve trade and supply chain finance between the United States and Mexico
“It’s the largest commercial line in the world today,” he said. “As many as 11 million trucks cross the border every year,” carrying hundreds of billions of dollars worth of goods.
This process can involve up to a dozen stakeholders that a company must deal with before goods arrive at their final destination, he said, covering trucking companies in both countries, paperwork to the border and other contact points.