Karur Vysya Bank partners with Unanu for digital finance freight
February 15, 2022
India’s unorganized logistics sector is currently embracing technology at a quicker speed to get the high visibility of both nonfinancial and financial transactions. The working capital cycle is longer because of the credit period prevailing in this sector.
Due to this, the Transport Contractors Business Volume is limited and they can’t grow their business with both new shippers and existing shippers. KVB had the option to quickly visualize the potential that this space has and they have emerged with a program to support the Transport project workers utilizing the end-to-end Logistics Technology platform.
The Technology Platform will give a complete flow of transactions from the time the material is picked from transporters to emptying the material at the representative’s place. This arrives in a digital format that is not difficult to track and deal with the transactions which will address the lacuna that is at present winning in the current logistics business.
Unanu Technologies (UNANU), a significant End to End Logistics Software Platform supplier which fostered the total set-up of the item to take special care of the Logistics Industry was fast in adjusting the entire program and constructed the Freight Financing System inside their set-up of programming platform. Utilizing UNANU’s specialty software platform module “U-Turbo – a marketplace”, they will actually want to onboard logistics companies and shippers to this Freight Financing program.