Canada-based logistics software company LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF) is breaking new ground with the launch of a full software-as-a-service (SaaS) subscription model for its 1SHIFT Logistics platform.
The 1SHIFT Logistics platform, which utilizes artificial intelligence, blockchain, and predictive analytics to solve fragmented and outdated technology problems in the logistics industry, allows brokers, shippers, and carriers to track shipments and settle payments in real-time without having to micromanage drivers.
Now, with the new SaaS model, customers can seamlessly self-register and self-onboard onto the 1SHIFT platform at their own pace, without interactions with customer support personnel.
“At LiteLink, we want customers to see how easy it is to manage logistics and freight for their businesses with 1SHIFT,” said Litelink Technologies CEO Ashik Karim. “As with any good software package, the best way to get the product into customers’ hands is with a free subscription version while at the same time providing a seamless experience to upgrade to best fit paid subscription models.”
According to the release, the company has decided to base its pricing model for the SaaS service on the number of shipments a business conducts every month due to the complexity of the logistics industry, which makes it difficult to identify software pricing.
What’s more, the SaaS subscription packages will include a ‘freemium’ model, making the service free to use for businesses that conduct less than five shipments a month.
The SaaS product allows shippers, carriers and brokers to gain full real-time and historical insights into carrier or fleet performance, track shipments in real-time with the highest degree of accuracy, plan and manage route optimization, auto-dispatch and manage shipments for their own fleet or preferred carrier, manage all proof of delivery digitally, and gain end-to-end shipping visibility and business audit for claims, late fees, and problem management with proof of audit.
LiteLink Technologies Converts Pommes Ma-Gic From Trial Customer to Paid Subscriber
LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF) also announced that it has converted and onboarded its first paid subscriber, Pommes Ma-Gic Inc.
The company signed on the Quebec-based produce company as a trial customer in November 2019 to manage its produce freshness logistics, track and trace shipments, optimize routes, plan capacity, and streamline deliveries from the field to buyers.
At the same time, the two companies entered into a partnership to permit LiteLink to open an office at the Pommes Ma-Gic headquarters in Rougemont, Quebec.
Now, LiteLink Technologies has officially signed on Pommes Ma-Gic as a paid subscriber and is strategically positioned in the heart of Quebec’s produce industry.
“Our decision to choose 1SHIFT as our platform for logistics was easy. Since day one of our trials, we saw the cost savings and value add of this platform,” explained Pommes Ma-Gic President and General Manager Sébastien Alix. “For example, my bill of lading process is now streamlined, driver-dispatcher constant phones are now drastically reduced and I have stats on the performance of my fleet to make quick decisions.”
The company also announced that its Chief Financial Officer, David Kwok, has resigned in order to focus on building his own accounting practice. In the interim, Daniel Lee will oversee CFO responsibilities while Litelink conducts a search for a new CFO.
LiteLink Moves into Untapped Waste Management Industry
The news release comes just two days after LiteLink Technologies announced its move into the massive and largely untouched waste and container management industry.
The company announced Tuesday that it has acquired Internet of Things (IoT) sensor technologies to provide real-time information on container fill levels to waste, construction, and recycling companies to improve pick-up scheduling, profitability, and optimization.
The asset bundle includes sensor technologies, intellectual property rights, equipment, hardware, inventory, customer contracts, and prospect lists, as well as an IoT device and software that has been commercialized and is operating with a large bin waste management company in British Columbia, Canada.
The strategic move will position LiteLink to capitalize on the smart waste management market, which is expected to grow at a compound annual growth rate of 25.68% over the next few years to reach $5.19 billion by 2024.
At present, LiteLink stock is trading at C$0.05, which is 54% lower than its fair value price of C$0.12 according to Morningstar.
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