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XLOG collaborates with French shipping giant CMA CGM

Once they are onboard the credit line, the forwarders can onboard all the trucking companies they work with, and in turn, the bank will automatically onboard the trucking companies in the system

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The logistics industry needs to take advantage of technological advancements to speed up their processes and reduce mistakes by minimizing the manual steps required for each transaction. / Photograph courtesy of xlog

Homegrown fully-integrated end-to-end shipping and logistics platform XLOG promises the Filipino people to become a global brand and provide jobs to the community as it enters into a strategic collaboration with French shipping and logistics giant CMA CGM (Compagnie Maritime d’Affrètement and Compagnie Générale Maritime).

CMA CGM schedules and booking will be made available via API on the XLOG platform to utilize its plethora of digital solutions specifically developed to cater to shipping, logistics, and forwarding services, including cashflows and financing windows, that practically revolutionizes the otherwise backward shipping sector.

“It’s digitize or die,” Eugenio Ynion Jr., Shiptek Solutions Corp., founder and the pioneering leader behind the development of the XLOG platform, always says. After all, his XLOG end-to-end logistics solutions are sought-after software by international investors because of their complete package capable of providing a holistic solution to almost all facets of the shipping and logistics industries.

Ynion: ‘Digitize or die’.

As a global company with over 170 years of history, CMA CGM also offers logistics solutions, with worldwide cargo as its core business that “contributes to sustainable globalization through better balanced international trade.”

The existing digital services of XLOG create a perfect synergy for CMA CGM’s, particularly in its technology requirements.

XLOG opens opportunities for CMA CGM customers to experience seamless transactions with its available infrastructure within the platform. The French company can harness both the XLOG’s expertise and platform in these areas.

One of the most significant advantages offered by the XLOG platform is its embedded financing through its partnership with the Unionbank of the Philippines.

Joey Ynion, chief of operations at XLOG, described embedded banking as an “anchor financing” that offers a seamless trading solution in the logistics space while eliminating the risk of bogus transactions.

“It’s like a community-based financing with the freight forwarders acting as the ‘anchor,’ he said. “As the anchor to the financing facility, these freight forwarders will undergo a credit assessment from UBP. The trucking firms will not be required for any credit assessment. Once they are onboard the credit line, the forwarders can onboard all the trucking companies they work with, and in turn, the bank will automatically onboard the trucking companies in the system.”

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