4TiGO to bridge the tech­nol­ogy gap

For­tigo Net­work (4TiGO), a lo­gis­tics start-up backed by Nan­dan Nilekani and Ac­cel Part­ners, have an­nounced GST en­able­ment so­lu­tions for trans­porters and fleet own­ers.The com­pany plans to fur­ther ex­pand its op­er­a­tions in Ma­ha­rash­tra.

Cargo Talk - - News - CT BUREAU An­jani Man­dal Co-founder and Chief Ex­ec­u­tive Of­fi­cer For­tigo Net­work

An­jani Man­dal, Co­founder and Chief Ex­ec­u­tive Of­fi­cer, For­tigo Net­work, ex­presses, “To take ad­van­tage of the trans­for­ma­tion be­ing ush­ered in by GST and re­lated re­forms, the in­dus­try needs to be tech-en­abled. While the gov­ern­ment, recog­nis­ing the low-level of tech­nol­ogy pen­e­tra­tion in the trans­port in­dus­try, has re­leased a sim­pli­fied mech­a­nism for GST pay­ments for road trans­porta­tion. We at 4TiGO be­lieve that the trans­porters, fleet own­ers and the in­dus­try as a whole will stand to gain sig­nif­i­cantly by fully em­brac­ing the for­ward charge pro­vi­sions of the GST and tak­ing ad­van­tage of the in­put cred­its to lower their cost ba­sis.”

4TiGO has now de­vel­oped trans­port in­dus­try spe­cific ex­ten­sions and part­ner­ships to en­able its net­work par­tic­i­pants to reg­is­ter onto GSTN, up­load in­voices and other GSTN doc­u­men­ta­tion, and main­tain their en­tire books of ac­count on­line. As and when the e-Way­bill ini­tia­tive is rolled out, the trans­porters and fleet own­ers will be able to use the plat­form to gen­er­ate and ac­cess the e-Way­bill as well. 4TiGO’s cloud-based tech­nol­ogy plat­form and com­ple­men­tary busi­ness ser­vices brings var­i­ous stake­hold­ers of the lo­gis­tics in­dus­try -- in­clud­ing con­signors, con­signees, fleet own­ers, trans­port com­pa­nies and agen­cies — to­gether on a com­mon plat­form. This helps the net­work par­tic­i­pants ex­change in­for­ma­tion, trans­act and man­age their en­tire busi­ness on the plat­form. 4TiGO also fa­cil­i­tates com­pletely cash­less dig­i­tal pay­ments for freight as well as trip ex­penses in­clud­ing fuel, toll and driver ex­penses.

Speak­ing about ex­pan­sion of op­er­a­tions, Vivek Mal­ho­tra, Co-founder and Chief of Strat­egy and Mar­ket­ing, For­tigo Net­work, ex­pressed, “We have es­tab­lished a pan-In­dia foot­print cov­er­ing most of the ma­jor trans­port hubs. In Ma­ha­rash­tra, we have so far been op­er­at­ing pri­mar­ily in Mum­bai and Pune. Based on the mar­ket trac­tion and growth po­ten­tial, we are now ex­pand­ing into Cen­tral Ma­ha­rash­tra by strength­en­ing our pres­ence in Nag­pur, Au­rangabad and Nashik.”

For­tigo Net­work cur­rently has over 10,000 trucks on its plat­form across 400+ net­work par­tic­i­pants.

To take ad­van­tage of the trans­for­ma­tion be­ing ush­ered in by GST and re­lated re­forms, the in­dus­try needs to be tech-en­abled

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.