In the fast-paced world of transportation and logistics, efficiency is key. However, one area that has persistently lagged behind is freight document management
In the fast-paced world of transportation and logistics, efficiency is key. However, one area that has persistently lagged behind is freight document management. While AI document automation has been finding wide adoption in banks, insurance companies, legal firms, healthcare, and the public sector, freight workflows continue to depend on human document review. The reason? Chaos and complexity. Bills of Lading, Proofs of Delivery, and more than 50 other document types are non-standardized, often scanned with poor quality, and are prone to mistakes such as incorrect dates, misspelled addresses or missing data entries.
Peruse is set to tackle this problem head-on with their AI-powered document review automation system, tailored specifically for the transportation and logistics industry. Peruse’s advanced technology, patented for document matching using Machine Learning, streamlines processes like document data extraction, invoice matching, signature detection, and fraud prevention, addressing pain points that have long plagued the sector.
At BrightCap, we strongly believe that Peruse is on a path to revolutionize the transportation industry. With an impressive 97% automation accuracy rate, Peruse is already fulfilling its promise of delivering time and cost savings to an expanding customer base – the product is already used to audit over 500,000 documents per month. By handling over 50 logistics document types and extracting data for system integration via API, Peruse simplifies operations, reduces errors, and enhances overall efficiency. What truly distinguishes Peruse from its competitors is its proprietary LLM, fine-tuned for logistics data. As reported by their users, Peruse delivers exceptional accuracy and unique process workflows. In an industry where data accuracy and security are paramount, Peruse has established itself as a frontrunner.
We are thrilled to collaborate with Peruse’s stellar team of founders and executives, including Pavel Botev, a seasoned industry insider, and Emilia Apostolova, an expert and academic in Natural Language Processing and Machine Learning, together with James Shepherd, CEO, and Jeff Sack, Head of Engineering, to scale operations in the US market and support the company’s vision for expansion into Latin America and Europe.