ATLANTA, April 10, 2024 (GLOBE NEWSWIRE) — Descartes Programs Group (Nasdaq:DSGX) (TSX:DSG), the worldwide chief in uniting logistics-intensive companies in commerce, introduced the provision of Descartes MacroPoint FraudGuard to assist freight brokers, third-party logistics corporations (3PLs) and shippers establish and forestall fraudulent actions associated to provider data, load monitoring, and cargo standing. The brand new capabilities are actually included as a part of the subscription for the Descartes MacroPoint service.
“Fraud is a critical and rising downside within the {industry}. The prices related to, for instance, stolen masses, double brokering and mode switching, will be important. Worse, it’s extraordinarily difficult for stakeholders to seek out efficient and well timed resolutions when incidents do happen,” stated Omer Ramušević, Director of Enterprise Improvement, Swick Logistics. “With Descartes MacroPoint, we may have a brand new method to automate the early detection of potential fraud, which will probably be essential to stopping disruptions for our prospects, mitigating monetary threat, and constructing belief with our shipper and provider communities.”
Descartes MacroPoint FraudGuard makes use of superior know-how to proactively assess and flag sure potential cases of provider or driver fraud by evaluating billions of knowledge factors on freight location and standing for accuracy. It helps to fight fraud by verifying the situation of the freight and driver, blocking location monitoring factors which can be decided to be false and managing the interplay with the shopper when fraud is detected. The brand new capabilities assist freight brokers, third-party logistics corporations (3PLs) and shippers detect fraud early, save prices related to the repercussions of fraud, enhance provider scorecards and provider community efficiency, improve belief with prospects and carriers, and enhance collaboration with carriers and companions when addressing issues or disputes.
Descartes MacroPoint is a multimodal visibility platform designed to assist freight brokers, 3PLs and shippers achieve higher visibility to their freight operations and shipments. Carriers can simply join with the answer through GPS-based digital logging system (ELD), transportation administration methods (TMS), or cell app-based monitoring strategies. The platform permits for elevated management and administration of the provision chain—with extra environment friendly and high-quality knowledge to enhance communication and decision-making. Utilizing Descartes MacroPoint, corporations can improve customer support, improve distribution effectivity, higher collaborate with prospects, suppliers and carriers, and decrease the affect of disruptions and late supply penalties.
“Given the more and more refined techniques of unhealthy actors mixed with the sheer quantity of knowledge in transportation and logistics, it’s important to have superior capabilities to assist monitor and decrease the affect of fraudulent actions,” stated Dan Cicerchi, Basic Supervisor, Transportation Administration at Descartes. “That is an industry-wide situation, and our capabilities assist deal with these challenges, making Descartes MacroPoint an much more beneficial freight visibility device by facilitating a safer logistics ecosystem.”
About Swick Logistics
Based mostly in Naperville, IL, Swick Logistics is a full-service 3PL freight brokerage offering custom-tailored freight companies—together with dry van, expedited, flatbed, refrigerated, and particular shipments—by its fleet and trusted companion provider community to prospects throughout the U.S., Mexico and Canada. For extra data, go to www.swicklogistics.com.
About Descartes
Descartes (Nasdaq:DSGX) (TSX:DSG) is the worldwide chief in offering on-demand, software-as-a-service options centered on bettering the productiveness, safety and sustainability of logistics-intensive companies. Clients use our modular, software-as-a-service options to route, observe and assist enhance the security, efficiency and compliance of supply sources; plan, allocate and execute shipments; fee, audit and pay transportation invoices; entry world commerce knowledge; file customs and safety paperwork for imports and exports; and full quite a few different logistics processes by taking part on this planet’s largest, collaborative multimodal logistics neighborhood. Our headquarters are in Waterloo, Ontario, Canada and we’ve workplaces and companions around the globe. Study extra at www.descartes.com, and join with us on LinkedIn and Twitter.
World Media Contact
Cara Strohack
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Cautionary Assertion Concerning Ahead-Wanting Statements
This launch accommodates forward-looking data inside the that means of relevant securities legal guidelines (“forward-looking statements”) that relate to Descartes’ transportation administration resolution choices and potential advantages derived therefrom; and different issues. Such forward-looking statements contain identified and unknown dangers, uncertainties, assumptions and different elements which will trigger the precise outcomes, efficiency or achievements to vary materially from the anticipated outcomes, efficiency or achievements or developments expressed or implied by such forward-looking statements. Such elements embrace, however usually are not restricted to, the elements and assumptions mentioned within the part entitled, “Sure Components That Might Have an effect on Future Outcomes” in paperwork filed with the Securities and Alternate Fee, the Ontario Securities Fee and different securities commissions throughout Canada together with Descartes’ most not too long ago filed administration’s dialogue and evaluation. If any such dangers truly happen, they may materially adversely have an effect on our enterprise, monetary situation or outcomes of operations. In that case, the buying and selling value of our frequent shares may decline, maybe materially. Readers are cautioned to not place undue reliance upon any such forward-looking statements, which converse solely as of the date made. Ahead-looking statements are supplied for the needs of offering details about administration’s present expectations and plans regarding the long run. Readers are cautioned that such data will not be applicable for different functions. We don’t undertake or settle for any obligation or enterprise to launch publicly any updates or revisions to any forward-looking statements to replicate any change in our expectations or any change in occasions, circumstances or circumstances on which any such assertion relies, besides as required by legislation.
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