FOR-YOU Smart Freight Soars in Intelligent Automation with Laiye

FOR-U Smart Freight, a pioneering technology-driven logistics platform specializing in full truckload (FTL) transportation, stands as the industry's forerunner in integrating AI technology seamlessly into the FTL fulfillment landscape. In its pursuit of optimization, FOR-U Smart Freight has strategically partnered with Laiye  to harness the power of Robotic Process Automation(RPA) and AI for cost reduction and efficiency enhancement.

At the heart of  FOR-U Smart Freight's operations lies an intelligent logistics system, meticulously crafted upon big data and AI technologies. This system seamlessly automates the entire spectrum of logistics services, from inquiry to dispatch, and finally to delivery confirmation and settlement, catering to both upstream and downstream stakeholders.

By leveraging this cutting-edge system, FOR-U Smart Freight effectively mitigates the information acquisition costs for shippers and truck drivers alike, fostering a more efficient ecosystem. It empowers truck drivers to enhance their operational efficiency and allows shippers to optimize their transportation service experiences.

Since its official launch in March 2015, FOR-U Smart Freight's cutting-edge logistics platform has rapidly expanded its operations across mainland China, Hong Kong, Macao, and Taiwan. Its extensive network now touches over 90% of the country's cities, supported by a vast community of over 800,000 partner truck drivers. With this robust infrastructure, FOR-U Smart Freight proudly serves a diverse clientele of more than 100,000 shipping companies, solidifying its position as a pioneer in utilizing AI technology within the FTL fulfillment sector.

The sustained growth of business operations necessitates robust information and intelligent systems to empower employees in handling repetitive and routine tasks more efficiently. This ensures smoother business processes, laying a solid foundation for the company's rapid development. In building its comprehensive suite of information technology and systems, FOR-U Smart Freight has selected Laiye Technology to facilitate this transformation.

Leveraging Laiye’s RPA platform, renowned for its 'low-code' and 'easy-to-use' features, FOR-U Smart Freight's internal team has independently developed automated approval processes for five distinct types of business documents. These automated workflows assist accountants in performing automatic verifications and approvals at critical junctures, enhancing operational efficiency and streamlining business processes.

The five major categories of documents automated by the RPA solution in FOR-U Smart Freight's operations are:

1. Daily Expense Reimbursement Forms: Verify if the invoice header matches the required entity or department for reimbursement.
2. Invoice and Reimbursement Amount Verification: Ensure that the invoice amount is equal to or greater than the amount being claimed for reimbursement.
3. Expense Advance Request Forms: Crefully document the cancellation of a loan, including the lending company, and the borrower's details.
4. Offsetting Advances: Validate the receipt information, ensuring accuracy in the payment details for offsetting the loan.
5. Advance Payment Forms: Verify that the designated account for receiving the advance payment is not a personal account, adhering to financial policies and regulations.

This comprehensive automation of the five key document categories significantly enhances operational efficiency, ensures financial accuracy, and facilitates a smoother business flow for FOR-U Smart Freight.

By employing RPA software robots to assist accountants in document review and verification, FOR-U Smart Freight ensures 100% accuracy while significantly reducing the time spent on these tasks.

In practice, the RPA robots execute approvals every 30 minutes, operating seamlessly 24/7, resulting in a staggering 17,520 automated approvals annually. This translates to an estimated annual time savings of 2,400 hours for the company, ensuring the efficiency and real-time nature of the document approval process. Ultimately, this streamlines business operations and propels the organization forward with unparalleled fluency.