SOFTWARE AND TECHNOLOGY
actyv.ai | September 21, 2022
actyv.ai seeks to interlink and impact enterprises, their business partners and financial institutions (FIs); orchestrating the whole business transaction on a single platform. Leveraging its SaaS technology platform, actyv.ai enables easy onboarding of distributors and suppliers onto an enterprise's network. The company’s aim is to provide alternative means of capital to an enterprise’s channel partners, based on their financial and non-financial data.
On a macro level, this is the value that actyv.ai brings to the table for all its stakeholders.
The enterprise has access to distributor’s digital records at the click of a button, is able to review and onboard credit worthy partners, can commence billing as early as day one, be risk compliant and offboard partners in case of noncompliance. FIs benefit by getting partners who have long standing relationships with enterprises and are credit worthy thus, offering lesser default risk.
actyv Score is a dynamic number which depicts current and future potential of business partners and is a key input to the credit scoring and underwriting algorithms of FIs and insurance providers. It is a multi-dimensional score based on financial and nonfinancial data of business partners.
actyv Go enables enterprises to discover, select, appoint, renew, empower and offboard distributors on its technology platform in a faster and more transparent way.
actyv PayLater is a BNPL approach towards B2B payment enabling flow of information across board. With this, the bank would rely not only on its algorithm but also the consumer’s actyv Score to assess credit worthiness, in addition to tracking and reconciliation.
With actyv Insure, an enterprise can enjoy bite sized products which offer protection against business loss.
Aligned to Environmental Social Governance (ESG), actyv.ai is reducing paper usage by digitising processes. The company is addressing the challenge of responsible and sustainable credit for SMBs by enabling manageable interest rates for the supply chain. Every document submitted by distributors on the actyv.ai platform is validated at source, aiding fraud prevention.
actyv.ai is in the process of transforming global B2B supply chain by making business transactions faster and easier through its AI-based offerings.
PROCUREMENT AND SOURCING,SOFTWARE AND TECHNOLOGY
ProShip | September 19, 2022
ProShip, Inc., the most trusted global provider of automated multi-carrier shipping software, announced that CMS GlobalSoft’s parcel shipping software, WorldLink, will now be offered as a new product line within ProShip’s portfolio of solutions. This news comes after parent company, FOG Software Group, acquired CMS GlobalSoft in early March 2022 as part of its Supply Chain and Logistics sector.The incorporation of the CMS WordLink solution into ProShip’s already robust product offerings allows ProShip, traditionally catering to enterprise-level shipping needs, to provide additional value to the entire mid-market. CMS WordLink is designed to grant mid-sized shippers access to simpler integrations, quicker implementation times, and the savings and flexibility of a true multi-carrier system that can scale as shipping volumes grow.
“We saw that there was an opportunity to leverage ProShip’s expertise in carrier compliance, extensive technical flexibility and in-house support across a broader segment of the supply chain space,” Bill Schroeder, President of ProShip stated. “We’re confident that the inclusion of WorldLink as an upper mid-tier offering will provide significant value to customers. Additionally, as a ProShip-backed shipping solution, this will bring world-class parcel shipping technology to the middle market for the first time, permitting today’s growing businesses to focus more on expansion and less on parcel and carrier management intricacies.”
Yulia Popokh, President of CMS Globalsoft added, “We’re very excited to join forces with the ProShip team to enhance the CMS WorldLink product. I’m confident that ProShip’s powerful back-end combined with WorldLink’s user-friendly and highly flexible front-end will offer our customers and their clients an improved experience.”
“For over 20 years, ProShip’s singular focus has been on parcel shipping and the complexities surrounding it while executing millions of shipments with sub-second response time. The addition of CMS WorldLink further proves our dedication to focus on providing the best parcel execution system available,Our sole commitment to shipping technology allows us to innovate and advance our products rapidly and without distraction, so our customers always have the best solution there is on the market.”
-Justin Cramer, ProShip’s co-founder
About ProShip, Inc.
Making complex parcel shipping challenges simple & cost-effective. ProShip is the most trusted provider of automated multi-carrier shipping software for parcel. With simple carrier connectivity and high flexibility, ProShip enables complex features & functions, such as maintaining compliance, executing multi-carrier rate shopping with unified business logic, and empowering omnichannel fulfillment. Because ProShip integrates with multiple parts of your Enterprise Software Stack (ESS), our multicarrier shipping solution can automate the supply chain workflow & turn your parcel shipping operation into an efficient powerhouse. For more information, please visit www.proshipinc.com.
Amazon | September 21, 2022
Amazon (NASDAQ: AMZN) has signed an agreement with renewable fuels technology company Infinium to begin powering Amazon’s transportation fleet with ultra-low carbon electrofuels beginning in 2023. Infinium is expected to initially supply enough electrofuels, which are a fossil-based fuel alternative created with carbon waste and renewable power, to begin powering Amazon trucks in lieu of diesel fuel for approximately 5 million miles of travel per year.The agreement is another step forward in Amazon’s commitment to transition its transportation network away from fossil fuels and deliver packages to customers in more sustainable ways. Amazon plans to initially use the electrofuels in trucks in its middle mile fleet in Southern California, where the trucks are expected to help serve millions of customers. Amazon’s middle mile fleet is responsible for moving customer orders from its vendors and fulfillment centers to its network of sortation and delivery stations.
According to the United Nations, the transportation sector currently accounts for approximately 25% of all carbon emissions globally, and Infinium is working to change that by developing ultra-low carbon fuels that can easily be used to power cargo trucks, airplanes, and marine freight without engine modifications.
To start, Infinium plans to build one of the world’s first electrofuels-production facilities in Texas. The facility will use renewable-power-generated green hydrogen and approximately 18,000 tons of recycled carbon waste per year—which would otherwise be released into the atmosphere—to create the electrofuels.
Amazon previously invested in Infinium through The Climate Pledge Fund, Amazon’s $2 billion venture investment program that specifically invests in companies building technologies, products, and services that can help Amazon and others accelerate the path toward net-zero carbon future. Amazon has announced investments in a total of 18 companies through The Climate Pledge Fund to date.
Infinium’s electrofuels can help Amazon reduce carbon emissions across our transportation fleet, which is important to both us and our customers, and will help us move closer to our goal of net-zero carbon by 2040,” said Kara Hurst, vice president of Worldwide Sustainability at Amazon. “We’ve supported Infinium’s technology through our Climate Pledge Fund, and it’s exciting to see our investment turning into usable fuel that will help us, and others across the industry, decarbonize transportation in the long run.
“Our agreement with Amazon to provide Infinium electrofuels for use in the company’s transportation network is a significant moment for all of us, We’ve been developing this technology for the better part of a decade, and we expect our electrofuels to reduce greenhouse gas (GHG) emissions by approximately 95 percent over traditional fossil fuels. We’re thrilled to have the first fleet of Amazon trucks powered by electrofuels starting next year, which will mark the beginning of a major shift for the entire transportation sector.”
-Infinium CEO Robert Schuetzle
Amazon is committed to reaching net-zero carbon by 2040 as part of its commitment to The Climate Pledge, and will continue to take real business action to decarbonize its operations. Infinium is an example of how Amazon invested in new climate innovation, and the company will soon leverage its technology to help it reduce carbon emissions.
In addition to partnering with Infinium, Amazon has taken other significant steps toward net-zero carbon:
Amazon signed an agreement with Plug Power to supply 10,950 tons per year of green hydrogen for its transportation and building operations starting in 2025. Amazon will start to use green hydrogen to replace grey hydrogen, diesel, and other fossil fuels as it works to decarbonize its operations, and this green hydrogen supply contract will provide enough annual power for 30,000 forklifts or 800 heavy-duty trucks used in long-haul transportation. Through The Climate Pledge Fund, Amazon invested in Electric Hydrogen and Sunfire, two of the most promising developers of electrolyzers, a key technology that makes emissions-free green hydrogen for use in heavy duty transportation. Amazon has also ordered 100,000 electric delivery vehicles from Rivian, marking the largest order ever of electric delivery vehicles. Amazon’s custom electric delivery vehicles from Rivian started to hit the road this summer in the U.S., with thousands expected to be making deliveries in more than 100 major U.S. cities by the end of this year. Learn more about Amazon’s sustainability efforts.
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth’s Most Customer-Centric Company, Earth’s Best Employer, and Earth’s Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews.