Transportation & Logistics | Paramount Technologies

TRANSPORTATION & LOGISTICS

The Transportation & Logistics industry sector comprises a wide range of service providers, covering all modes of transport – air, road, rail, sea – as well as related services such as warehousing, handling, stevedoring, and finally value added services like packaging, labeling, assembling etc.

Liberalization and privatization are one starting point that is driving change in this complex, rapidly changing sector. In addition, trade routes are shifting and networks have become increasingly complex - as have the operating agreements between companies sharing resources. Regulatory requirements have changed substantially in recent years. In an interconnected world where companies are operating across national boundaries and together with many local partners, accounting and governance issues are becoming more complex, as is customs and tax compliance. Companies looking to build a durable business need to continuously offer added value. As business models change in the industry, many companies are evolving from forwarding and warehouse managing companies to highly industrialized, IT driven supply chain providers.

Transportation & Logistics companies need procurement solutions that are truly multi-language and multicurrency to handle sourcing in all of the companies' operating regions. They need solutions that meet international financial reporting standards requirements, providing full auditability and accountability to ensure adherence to cross-border regulatory compliance.

How Employee Workforce Automation Can Help

Paramount’s WorkPlace Suite helps transportation and logistics companies procure needed goods and services where they do business while ensuring compliance and accountability:

Track requisitions against budgets, receive warnings if over budget and route for approval based on a requisition line item exceeding the budget
Robust approval process that allows routing to an unlimited number of approvers based on criteria such as $ amount, department, GL Account, etc. and allows the items to be fully approved before creating a purchase order
Track requisitions against contracts that have been established with vendors and enforce special pricing that has been negotiated with the vendor
Use WorkPlace in any language - or multiple languages, fully localized to these other languages with all screens, system messages and email alerts translated. Each user can have a different language displayed in WorkPlace
Transparently requisition from suppliers in multiple countries, and enter requisition and expense items in the currency in which they were incurred
Documented auditable process