Navia Freight to use Raft’s AI for streamlining operations

Raft announced that Navia, an integrated global freight and logistics company, has successfully rolled out its AI-automated logistics finance capability to process high volumes of invoices.

"Every month, Navia finance teams receive thousands of invoices from the partners they work with to keep their customer’s freight moving. With Raft, AI now handles the bulk of that processing, including not just document processing and data extraction but also validation against existing data. This allows Navia teams to focus on providing services and value to their customers," says an official release from Raft.

Navia is a vertically integrated supply chain partner that provides solutions in purchase order and vendor management, freight forwarding, customs brokerage and third-party logistics for B2B and e-commerce applications.

“AI now takes care of more than 3,000 minutes a week of document processing, which previously were tasks that our staff did not enjoy,” says Rob Ardesi, Chief Operations Officer, Navia. “The automation provided by Raft also required us to have our processes optimised, which helped identify areas for improvement which otherwise would have gone unnoticed.”

Today, 35 percent of invoices received don’t need any human intervention to process successfully, and another 40 percent require just one touch, the release added.

“From day one, the Navia team saw the immense potential that AI can bring to the logistics industry,” says James Coombes, Chief Executive Officer, Raft. “As AI continues to mature, we will see a massive shift in how technology is used to move freight. We are thrilled to be on the journey with the Navia team.”

Raft’s AI-powered logistics platform is used by more than 50 logistics providers. Each year, more than 10,000 users manage over five million shipments on the platform, representing every commodity, transit mode and trade lane, the release added.