The logistics industry is characterised by collaboration. And yet, historically, 3PLs have always had a hard time collaborating at scale.
The TEG platform is designed for enterprise-level 3PLs. Specifically, it’s designed to help them collaborate with carriers – at scale. Here’s how it works in three steps.
1. The TEG platform grants 3PLs visibility
Perhaps the most obvious barrier to logistics collaboration is that of visibility at scale. It’s perfectly reasonable to expect transport managers to log lists of carriers in their heads, or even Excel, when managing a handful of carriers at any one time. When managing dozens, hundreds, or even thousands of carriers at once, a different system altogether is needed.
With TEG, 3PLs have a purpose-built carrier hub
The TEG platform equips transport managers with a purpose-built digital carrier hub.
The hub houses every carrier a transport manager can use – including internal vehicles, external carriers … and even potential new carriers that meet your specific compliance requirements (more on that below).
Through the hub, managers can see, on a live map, vehicle positions and capacity statuses. That removes artificial limits on the number of carriers a 3PL can work with… because the hub shows you all your carriers in one place.
2. The TEG platform removes onboarding and compliance roadblocks
For a transport manager to work with a new, external carrier, the carrier must first be ‘onboarded’. That means the new carrier must submit business, licensing and insurance documentation for inspection by compliance departments. Compliance departments manually verify documents, granting transport managers the green light to work with new carriers.
That all takes time and it costs money, ultimately limiting the number of carriers 3PLs can work with.
With TEG, you can onboard carriers instantly
The TEG platform, however, uses advanced technology to make onboarding new carriers straightforward.
Prospective carriers simply submit their compliance documentation to TEG’s specialist TEG compliance partner, Trustd, ahead of time. Through technologies such as integrations with the DVSA and biometric verification, Trustd automatically verifies carrier documentation. That means, when a transport manager wants to work with a new partner, they can be onboarded in minutes.
With TEG, transport managers can therefore work with new carriers on demand, safe in the knowledge they can onboard them instantly, checking and sharing compliance documentation on the fly.
With TEG, you can monitor carrier compliance continuously
What’s more, the TEG platform can monitor carrier compliance on an ongoing basis. Integrations with the DVSA and insurance providers alert 3PLs of issues as they happen. So you know, at any time, all of the carriers in your hub can work with you.
All of a sudden, 3PLs can work with not a handful of potential carriers, but thousands.
3. The TEG platform makes it easy to pay carriers
In logistics, paying carriers is often a laborious process. There’s matching invoices to POs. And matching PODs to invoices. Then preparing payment files. Then checking bank details, all the while fielding calls chasing payments.
Auto-reconciling orders, invoices and PODs
The TEG platform, however, solves carrier payment woes. With the TEG platform, you book your carriers in-platform. And carriers submit invoices and PODs through the platform. That makes purchase orders, PODs and invoices inseparable. Which means the TEG platform can automatically audit freight on your behalf, highlighting any discrepancies for further investigation.
Settling all invoices with a single payment
Better still, the TEG platform allows finance teams to pay carriers through a single, aggregated payment.
As the month unfolds, carriers complete deliveries, invoicing accordingly. Batch approval makes approving non-discrepant invoices effortless. Then, come payment run, 3PLs make one, aggregated payment, which is instantly divided between carriers accordingly.
With the TEG platform’s integrated payments, payments are no longer a barrier to collaboration.
From constraint to collaboration
In logistics, collaboration is essential. But historically, at enterprise level, it’s always been capped.
The TEG platform removes common limits that prevent logistics collaboration, making it easier for 3PLs to build their external networks and transition from asset-heavy operating models to resilient, asset-light businesses that can scale up and down at will.
Those interested in more information are encouraged to get in touch.
