Intelligent Audit Joins Blockchain in Transport Alliance

News provided by

Feb 28, 2018, 10:00 ET

ROCHELLE PARK, N.J., Feb. 28, 2018 /PRNewswire/ -- Intelligent Audit, the technology leader in freight audit and payment, supply chain data analytics, and contract optimization, announced today that it has been admitted into the Blockchain in Transport Alliance (BiTA). BiTA was founded to engage thought leaders within the transportation and technology industries who have a shared vision of leveraging blockchain technology within the supply chain with a goal of developing a standard framework, educating the market, and encouraging its widespread adoption.

"Intelligent Audit has always strived to bring new and innovative solutions to our clients and we are focused on blockchain because we believe it's the next frontier for logistics technology," said Yosie Lebovich, founder and CEO of Intelligent Audit. "As a freight auditor, we have a prime vantage point because we monitor each shipment as it flows through the entire transportation network from origin to delivery and, ultimately, carrier payment. We see the value that consensus-driven, distributed databases will provide in terms of transparency, accountability, and efficiency – particularly with respect to billing and payment."

"We are excited to welcome Intelligent Audit into the Blockchain in Transport Alliance," said Chris Burruss, President of BiTA. "The goals of BiTA to develop market standards for blockchain use and create a community forum for discussions around cross-industry technology standards will only be achieved through the diverse membership of the Alliance working together. That includes brokers, carriers, shippers and technology providers as well as leading companies such as Intelligent Audit whose business intelligence tools help make supply chain transactions run smoothly on a daily basis. We look forward to learning from the expertise Intelligent Audit can offer the members of the Blockchain in Transport Alliance."

Intelligent Audit joins the ranks of leading logistics and technology players such as United Postal Service (UPS), FedEx, and SAP within the BiTA.

About Intelligent Audit

Founded in 1996, Intelligent Audit is the technology leader in freight audit and payment, supply chain data analytics, business intelligence reporting, and contract optimization. Intelligent Audit helps customers reduce transportation spend with its industry-leading audit solution and reporting engine which uncovers additional opportunities for cost reduction and supply chain process improvements.

With more than 2,500 clients representing more than $9 billion in aggregate transportation spend across all modes and geographies, Intelligent Audit provides insights that help customers ship smarter. For more information, visit www.intelligentaudit.com.

About Blockchain in Transport Alliance

Founded in August 2017, the Blockchain in Transport Alliance (BiTA) is a forum for promotion, education, and encouragement to develop and adopt blockchain applications in the trucking, transportation, and logistics industry. BiTA's goal is for members to participate, discuss, create, and adopt industry standard uses of blockchain applications and to provide clarity and direction for the development of blockchain technology in the trucking industry in a manner that will create efficiency, transparency, and foster trust. For more information, visit www.bita.studio.

SOURCE Intelligent Audit