New technology integration enables users to request and manage electronic bills of lading directly from e2open’s platform, saving time and resources
WILMINGTON, Del., and AUSTIN, Texas – February 15, 2024 – E2open Parent Holdings, Inc. (NYSE: ETWO), the connected supply chain SaaS platform with the largest multi-enterprise network, and WaveBL, a blockchain-based electronic bills of lading (eBL) platform, have partnered to enable faster, safer, and more efficient transfer of information for containerized international trade.
With the WaveBL integration, INTTRA by e2open users such as shippers and freight forwarders can easily request eBLs from ocean carriers once shipping instructions are received, eliminating the need for paper-based bills of lading. Users can manage the entire process from planning, booking, and managing instructions to tracking shipments from receipt of the eBL to time of surrender, all directly from e2open’s ocean booking platform. Transactions are compliant with global trade regulations.
“We’re pleased to partner with WaveBL and welcome them to e2open’s partner ecosystem, to provide our clients with capabilities that streamline their operations,” said Pawan Joshi, executive vice president, products and strategy at e2open. “The adoption of the electronic bill of lading for containerized trade is the future of the industry – it’s more cost effective, faster, greener and more secure than paper transmissions – and e2open is thrilled to deliver these capabilities to our clients with the WaveBL integration, as well as help drive adoption across our global network of connected logistics and trade participants.”
The addition of quick, encrypted, and authenticated eBL management functionality expands e2open’s logistics offerings and leverages WaveBL’s blockchain technology to enable a frictionless customer experience during all transportation management milestones. The partnership promotes the digitization of trade documentation. According to industry estimates, managing paper-based bills of lading costs about $6 billion annually. Paper-intensive processes are expensive and slow, consuming unnecessary human resources and increasing the risk of fraud. In addition to the benefits of faster, more accurate, and safer transmission, the adoption of eBLs can save an estimated 28,000 trees per year.
“We are proud that our WaveBL platform is now also part of e2open’s platform,” stated Yair Sappir, co-founder and chief technology officer at WaveBL. “E2open is an industry innovator, and this integration is another step forward in digitizing modern supply chains. E2open platform users can now request electronic, instead of paper-based, bills of lading with one click. Furthermore, eBLs on the INTTRA by e2open platform are easy to manage from issue to surrender quickly and securely, thanks to WaveBL’s patented blockchain technology.”
About e2open
E2open is the connected supply chain software platform that enables the world’s largest companies to transform the way they make, move, and sell goods and services. With the broadest cloud-native global platform purpose-built for modern supply chains, e2open connects more than 480,000 manufacturing, logistics, channel, and distribution partners as one multi-enterprise network tracking over 15 billion transactions annually. Our SaaS platform anticipates disruptions and opportunities to help companies improve efficiency, reduce waste, and operate sustainably. Moving as one.™ Learn More: www.e2open.com.
E2open and “Moving as one.” are the registered trademarks of E2open, LLC. All other trademarks, registered trademarks and service marks are the property of their respective owners.
About WaveBL
WaveBL is at the forefront of the digital trade revolution, offering a blockchain-based platform that guarantees secure, efficient, and confidential transmission of electronic trade documents.
WaveBL’s patented solution enables instant, encrypted, and authenticated transfer of trade documents and other unique digital documents. The platform is designed to meet the needs of all parties involved in trade, from major market players, such as carriers and shipping companies, to agents, brokers, and banks. For more information, visit www.wavebl.com
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Contacts
Media Contact WaveBL:
Ms. Ilan Weiss
VP Marketing
ilan.weiss@wavebl.com
Media Contact e2open:
5W PR for e2open
e2open@5wpr.com
Investor Relations Contact:
Dusty Buell
dusty.buell@e2open.com
investor.relations@e2open.com
Corporate Contact:
Kristin Seigworth
VP Communications, e2open
kristin.seigworth@e2open.com
pr@e2open.com
