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OpenPort Limited

Location: Hong Kong

Sector: Logistics Software, Blockchain.

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With OpenPort’s platform, users know exactly what was delivered, when, and by whom. They are rewarded for sharing information, and by creating an audit trail for their goods and services can enhance their cash flow and liquidity with the OpenPaid supply chain financing portal.

 

OpenPort’s solutions deliver transparency to the suppliers, transporters and retailers in the world’s largest supply chains. We solve the cash flow problem created by slow and disputed paper records by providing comprehensive, secure digital records for full traceability from pickup to delivery.

 

OpenPort’s logistics software solutions enable faster time to settlement and lower cost of finance for supply chains in Emerging Markets, backed by blockchain-enabled electronic Proof of Delivery (ePOD).

1.  Approximately half a million USD of gross revenues per month and growing.

 

2.  Key customers include Unilever, Nestlé and Colgate.

 

3.  A new JV in the Philippines has successfully launched and is expected to double OpenPort’s top line revenue starting in November.

 

4.  New Supply Chain Financing (SCF) product (OpenPaid) successfully launched in the Philippines, building partnerships with financing providers (banks and P2P lending platforms) in Asia and currently building a dedicated sales force to deploy OpenPaid into the SME ecosystem.

 

5.  New agreements include a contract with Unilever Philippines signed in September 2018 (up to USD400k of additional revenues per month).

ePOD

Detailed, immediate,and secure proof of delivery via digital record, replacing paper records.

 

Blockchain

Reduces fraud and increases trust by creating tamper-proof records with an audit trail.

 

Micro-rewards

Unique method of driving sustainable and compliant behaviour in network participants and obtaining accurate supply chain data direct from sources.

 

Multi-Market

Configurable for different markets to support multinationals with adoption in major Asian countries.

 

Enables Supply Chain Finance

The only transport management system (TMS) in Asia that is already integrated with leading providers of supply chain finance.

Shipment Tracking from Start to Finish

We offer a digital transport procurement solution that is ERP-integrated and provides tracking,analytics, and instant proof of delivery which we use to drive lower costs and the fastest path to settlement available.

 

ERP-integrated OpenTM and OpenDispatch

OpenPort’s Transport Management (OpenTM) system gives shippers and transporters an enterprise-grade, fully integrated solution to tender and manage shipments, plan and consolidate loads, configure assets and driver resources, track and report shipment status, and all aspects of inbound and outbound transportation networks for anyone moving regular high volumes of freight.

 

Throughout the process shipment tracking events can be fed back to the customer’s internal systems. OpenPort is a proven integration partner with Oracle, SAP, JD Edwards and more.We have direct integrations whereby delivery requests from the shipper’s ERP are executed in OpenTM, consolidated and dispatched using the OpenDispatch tool, and fulfilled by drivers via the OpenPort Driver App.

 

2FA-enabled ePOD and Driver App

Built with practical usability in mind and designed to scale with varying degrees of detail, OpenPort’s electronic Proof of Delivery (ePOD), facilitated by our Driver App, provides real time shipment information at your fingertips with two-factor (2FA) authentication by the consignee.

 

Track and Trace

OpenPort’s Track and Trace feature provides status updates of shipment events regardless of the data source. OpenPort integrates data from most Vehicle Tracking Providers together with event, geofencing and breadcrumb data from its Driver App to provide data such as real-time location and navigation history so you don’t have to worry about consolidating sources of information.

 

Real-time OpenAnalytics

Track performance and realize cost savings, operational efficiency, and increased ability to make informed decisions through a set of convenient and customizable operations dashboards that gather ERP, GPS, Driver App and other data from across your locations, shipments, and transport partners.

 

Improve Cash Flow with OpenPaid

We believe there is a need to directly connect the movement of goods with payment. Our electronic and blockchain-enabled ePOD, together with our financial partners, reduces the time to receive payments through paperless submission of electronic freight invoices and POD, facilitating faster approval and settlement for suppliers and transporters.

 

We estimate the current outsourced spend on trucking in Asia is over 143 billion USD per year, spent in a manual process and reliant on paper-based records for both the invoicing and payment between retailers, suppliers and transporters. Most deliveries in Asia that are negatively impacted (delayed, disputed, short paid, or not settled) are due to problems related to the manual paper process. Creating transparent and cost-effective supply chains with visibility, tracking and digital records for emerging Asia is one of the greatest challenges in the modern global economy, and we believe the change we drive here will change logistics around the world.

 

Max Ward, CEO and Founder

Previously the Vice President of Business Development APAC at Agility Logistics and the Head of Consumer Retail Asia at DHL, Max has over 10 years’ executive business development experience with leading logistics service providers in Asia, solving board-level supply chain problems for multinationals focused on the retail and consumer goods industries.

Prior, Max spent approximately 10 years in the I.T. arena at multiple “dot-com” start-ups in California’s Silicon Valley, trained as a systems engineer and worked for product development software companies in the US and Europe, before entering the logistics industry as a software product manager at APL Logistics in 2000.

Max is originally from the US, and holds an MBA from the Thunderbird School of Global Management. Max is thus one of the few individuals in the industry with a combination of technical I.T. knowledge and commercial sales management experience, and a true passion for combining the two in this exciting time for the logistics industry.

 

Paul Bell, CIO

Paul is a Supply Chain Technology professional with 20 years’ experience across Supply Chain Consulting, Solution Development and Business Transformation. Paul has extensive experience in building and delivering Supply Chain and Logistics Systems Programs for clients in Australia and across Asia. Paul is a commercially focused CIO who understands how to build software that delivers significant business value for its intended recipients.

Key skills include Agile Development, Product Management, Roadmap Build & Execution, Executive Stakeholder Management, Program Design and Management, Solution Design, Supply Chain Network Optimisation, &Business Case Development.

 

Nicolas Husson, CFO

Prior to joining OpenPort, Nicolas worked for BNP Paribas APAC investment banking division focusing on cross border merger and acquisition transactions in the Energy and Natural Resources sector in Asia.

Nicolas is a French national who graduated from Ecole Centrale Paris and Tsinghua University (MSc. in Industrial Engineering and Applied Mathematics) where he notably conducted quantitative supply chain optimization projects for Mitsubishi and PSA Peugeot Citroen.

 

Aamir Haroon, Managing Director, Middle East

With over 19 years of diversified experience in 3PLs, shipping and container freight; Aamir has held key positions in a wide range of logistics related industries in Pakistan, Dubai and Sri Lanka. His previous position was with Agility Logistics as Director Commercials where he worked closely with different industries on creating end-to-end logistics solutions.

Prior to that, he worked for several companies of the GAC Group- GAC Logistics Pakistan, Al-Hamd Container Terminal, GAC Dubai and GAC Srilanka. He holds an MBA in finance.

 

Pierre Carlo Curay, Country Manager, Philippines

Pierre has an unique combination of technology and logistics with extensive entrepreneurial experience. Information Technology professional by trade but an entrepreneur with different startups and traditional businesses for 22 years. Combined with 12 years experience in supply chain management with strengths on multi modal transport and distribution.

 

Sam Coyne, VP of Marketing

With 10 years’ experience in Asia, Sam holds B.Comm. & M.B.S. degrees earned in his home country of Ireland in addition to Renmin University of China and Nanyang Technological Institute of Singapore, while he currently resides in Hong Kong. Prior to OpenPort, he was marketing manager at the fastest growing supply chain quality control company in Asia.

He is experienced in branding, market strategy, digital marketing, campaign management, event planning, PR and communications for B2B startups and mid-sized enterprises.

 

Olga Dontsova, General Counsel

Olga is OpenPort’s General Counsel, overseeing all things law and compliance, from corporate governance to human resource management. Previously, Olga was in private practice at a boutique Hong Kong law firm where she split her focus between commercial transactional matters and dispute resolution. Olga hails from Russia via the US and is a Hong Kong solicitor.