Human Error

Human Error

When you hand over the paper-based bill of landing to the data entry employee who is dedicated to entering them in the database, then they can make mistakes. Since they are entering hundreds of bills of landing on a daily basis, they are bound to make some mistakes here and there.

Depending on the information from the BOL they put in wrong, the shipment can face delays, which will obviously not be good for the consignee.

No More Paperwork:

The adoption of the electronic Bill of Landing will get rid of the use of paper, which means shipping companies will save a lot in administration costs. Using a paper system can cost between 5-10% of the value of the goods shipped each year. (Source).

So not only will this cost be saved, but the administration expenses like hiring employees to write the bills and the data entry operators will be saved as well.

Reduced Frauds:

Forging an e-bill is extremely difficult, and not everyone can do it. The presence of electronic pin number and signatures are very challenging to duplicate counterfeit.

Furthermore, no one can add new information on the electronic bill of landing without leaving a trail behind, making it easier to catch the fraud.

Over to You:

Digitizing the electronic bill of landing means getting fast-tracking things because now shipment doesn’t need to wait on the port while the bill arrives through multiple hands. Everyone will have access to it via a cloud platform. Using electronic BOL simply means reduced shipment delivery times, reduced frauds, reduced administration costs, and increased efficiency.

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