A move to digital
LEADING Asian shipping company, Pacific International Lines (PIL) recently became the first shipping line to complete full integration with the Singapore Trade Data Exchange (SGTraDex) platform.
“This achievement, realised through a collaborative effort with KPI OceanConnect, signifies a transformative step towards global digitisation in PIL’s maritime operations,” a press release stated.
“What we have achieved at PIL with our partners demonstrates that collective commitment and efforts are indeed useful and effective in improving efficiency through digitalisation for the maritime industry,” PIL Head of Fleet Division Goh Chung Hun said.
“We are thrilled to witness the successful integration of SGTraDex with PIL, and the subsequent transactions affirm the platform’s effectiveness,” SGTraDex Head of Operations & Business Development Kelvin Ling said.
“This achievement is a testament to the collaborative spirit within the maritime industry and paves the way for a future where digital solutions seamlessly enhance operations.”
The integration now allows PIL to leverage the SGTraDex platform to improve the way transactions are conducted with its stakeholders including suppliers and financial institutions.
The company deems this a key step forward in improving efficiency and transparency in maritime operations.
Prior to this integration, PIL had to export and email documents to suppliers, who then manually uploaded key information onto the e-invoicing portal. Stakeholders can now upload documents to PIL directly from their own ERP (enterprise resource planning) systems.
PIL estimates that this integration could potentially result in an overall 30 per cent time savings once other suppliers adopt SGTraDex, significantly improving efficiency for all stakeholders involved.