Shipamax platform to be added to CargoWise after acquisition

WiseTech Global, developer of logistics software CargoWise, has announced the acquisition of Shipamax, a provider of data entry automation software for the logistics industry. 

Founded in 2016 and headquartered in the UK, the Shipamax platform focuses on document data extraction and automating operational workflows.

The system uses AI and machine learning to convert unstructured data (e.g. PDFs, scans, images) direct from various sources, including emails, into machine-readable formats. That data is then used to automate manual tasks such as creating and managing forwarding and customs brokerage jobs and processing accounts payable invoices.

“Data is at the core of any logistics business and data integrity is paramount. Through our CargoWise platform, we have created integrated processes to ensure data is entered only once, reducing risk of incorrect re-keyed data, time and resource effort, and costs associated with data exchange,” said Richard White, Founder and CEO at WiseTech Global.

“With Shipamax, this capability extends the CargoWise ecosystem by automating the ingestion of inbound documents into operational data in CargoWise. Integrating and embedding Shipamax into the CargoWise document engine will provide customers with unparalleled, rigorous, and accurate data and remove document management and operational cost at increased speed and accuracy. Additionally, real-time data processing will increase exceptions handling and streamline decision making.”

“Digital documents and straight through digital processing is a key development priority in our business strategy. Combined with our recent acquisition of eBL and electronic trade finance provider Bolero, Shipamax’s deep automation, machine learning, and data visualisation will bring CargoWise customers increasing levels of fully digital documents and drive a fully digital workflow that will become increasingly critical in a paper-free future. We have a clear vision to be the operating system for global logistics, and we are delighted to have the Shipamax team join us to help enable this important goal.”

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Rob O'Dwyer

Rob is Chief Network Officer and one of the founders of Smart Maritime Network. He also serves as Chairman of the Smart Maritime Council. Rob has worked in the maritime technology sector since 2005, managing editorial for a range of leading publications in the transport and logistics sector. Get in touch by email by clicking here, or on LinkedIn by clicking here.

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