An increase in online orders has pushed logistics companies to expand their network rapidly. This has led to an exponential rise in operational costs and TAT for onboarding vendors.
The best logistics companies use AI-powered onboarding solutions to conduct vendor’s digital KYC verification. It reduces their operational costs by 90% and TAT to 2-3 minutes.
With the pandemic fueling the ecommerce sector, the supporting logistics sector cannot overlook the critical need for automation in their onboarding process.
An increase in demand for logistics services has made it difficult to scale with manual verification and authentication of delivery partners.
IDfy’s AI-based verification and authentication solutions help in scaling faster while protecting companies from fraudulent activities.
The Indian logistics leaders have expanded without worrying about their partners’ authenticity by integrating IDfy’s AI-based solutions for individual ID collection, extraction, and verification.
Drop-offs and delays in the asset onboarding process are caused by complications in processing RC and other vehicle documentation.
IDfy uses RC and other vehicle documents to verify insurance, ownership and PUC for logistics companies.
With instant and easy verification of standard and non-standard documents, the country’s logistics giants have scaled up massively.
Step 1: Capture identity proof
Step 2: Collection & digitization of information
Step 3: Verification and authentication
Step 4: Successfully onboarded