Logistics payments platform PayCargo has partnered with Rippey AI, a company that produces automation solutions for freight forwarders, 3PLs, ocean carriers, trucking companies, and shippers.
In a statement, the firms said they plan combine their expertise in both invoice automation and payment processing to automate the payment transaction for the payer and receiver after an invoice has been issued.
PayCargo’s cloud-based payments network enables payers to pay air and ocean carriers, maritime ports, ground handlers, freight forwarders, and customs brokers, among others. It integrates with a range of Transportation Management Systems (TMS), Enterprise Resource Planning (ERP), and Terminal Operating Systems (TOS) entities across various transport modes.
Eduardo Del Riego, PayCargo CEO said: “Through our partnership with Rippey AI, we are looking to utilize AI-based technology to connect two critical parts of the supply chain that will drive even more efficiency across the industry – invoice automation and transaction processing.”
Matt Motsick, Founder and CEO, Rippey AI added: “The ability to innovate on the transaction process for both payables and receivables with PayCargo will ensure we continue to drive innovation across the industry.”
PayCargo’s payment platform is focused on expediting the movement of cargo in North America. It is also rapidly expanding in Europe and other geographies, the firm said.
