Every truckload comes with a stack of paperwork that someone has to read, type into a computer by hand, match up, and file before the company can get paid, and that invisible office work drains money out of American trucking on a massive scale every year. This week, in the second of its twelve-week technology series, Lavish Enterprises, Inc. (OTCID:VXIT) reveals the FleetPath technology that ends it: take a photo of almost any trucking document, even a wrinkled or handwritten receipt, and FleetPath reads it in seconds, pulls out every detail, and files it in the right place on its own. And when the document is the one that kicks off a job, FleetPath builds the entire job automatically the moment it lands. The technology is built and working today, and the first real-world test is approaching. For shareholders, this is one of those problems every trucking company faces on every single load that no one had solved at the source, until now. A full overview is available at fleetpath.co.
Picture a business where every time you finish a job, you have to stop and do a second, invisible job before you can get paid: read a pile of paperwork, type every number into a computer by hand, match it all together, and file it. That is the daily reality of American trucking, and it quietly costs the industry billions of dollars a year in wasted office work that never shows up on a single bill.
