Release Date: 05 July 2010
Release ID: 4812
Hyderabad, 05th July 2010: Four Soft (4S) (NSE: "FOURSOFT", BSE: 532521), a global leader offering software solutions for Logistics and Transportation industry is pleased to announce that it has won a deal from Aries Global Logistics, one of the leading US based Freight forwarding and customs brokerage company to implement its Global Freight forwarding application 4S eTrans and partner in developing 4S eCustoms for US Imports and several other import related modules. The contract has been executed through Four Soft USA Inc a subsidiary of Four Soft Limited, India. Aries Global Logistics is an existing customer of Four Soft.
Aries Global Logistics founded in 1985 is a US based International Freight Forwarder, Customs Broker and Third Party Logistics provider. With Strategic partners on 6 continents and in 72 countries Aries has emerged as one of the most dynamic private forwarding and transportation companies in the USA. For the past 25 years Aries has been providing competitive pricing and excellent services to its customers.
4S eCustoms is the first integrated global solution for Customs compliance integrating multiple country customs brokerage into one framework. It is expected to revolutionize the way global companies do business as customs brokers in multiple countries and bring major productivity gains on a standardized platform. However regional players can still opt for only one module like US customs. With the addition of US imports 4S will be the largest licensed software provider for Customs compliance with a significant percentage of world transactions being processed through 4S systems.
Frank D’Ambra, President, Aries Global Logistics, commented,” Four Soft has been our strategic IT partner for several years. We have implemented 4S Visilog successfully to provide global visibility to our customers. With more confidence in 4S systems we now move forward to enhance our systems capabilities across all our business lines with the new Web Centric technologies that our partner has to offer. We're confident that these implementations will validate opportunities to optimize our operations, improve services and smoothly address the needs of our Global customers."
Rajshekhar Roy, CEO, Four Soft Limited,said,”Four Soft’s Global Customs compliance solution 4s eCustoms already caters to the complete customs requirements of BENELUX countries & In-transit Customs in Europe, India in Asia Pacific, Canada (CCB Import and ACI Manifest) and US exports in North America. US Customs will be integrated into 4s eCustoms to enhance the application’s global reach in compliance space for third Party Logistics providers. Our future plans are to extend the Customs compliance capability for Middle East, Latin American countries and entire European Union. We already handle over 25% of customs transactions in the US with our legacy applications and this move demonstrates our commitment to provide continuous value to our existing customer base in North America. Our coverage of the marketshare will increase to 65% upon the completion of this development”
Tim Sensenig, EVP – Global Business Development & Sales, said, “Four Soft systems help its customers move more than 20% of the Global Freight volumes. As on today, 17 of the top 25 freight forwarders in the world use Four Soft solutions.We offer a great deal of differentiated products with the flexibility of customization. 4SeCustoms, is a multi faceted web-centric application that achieves customs brokerage requirements of countries in US, EU & APAC so far. We are continuously evolving our e-applications to demystify the logistics management; we feel our long standing partnership with Aries will allow us to implement a global process while retaining flexibility to allow for regional and process variations.”
4S eCustoms is an anytime, anywhere global customs compliance solution, with plug and play modules for different countries, designed to work in a multicultural, multilingual environment, as one package with interface capabilities with all Four Soft enterprise products and other standard ERP applications. 4S eCustoms exemplifies 4S's value chain integration proposition, with seamless integration possibilities with multiple ERP applications. With native browser access and a generic third party interface, 4S eCustoms is a highly interactive and cost effective solution for the International Freight Forwarding and Customs Brokerage community.
4S eTrans is Four Soft’s web centric Freight Management System capable of handling Air, Sea, Road and multi modal transport management services. Built on J2EE platform with a native browser interface, 4S eTrans is designed to provide the modern day logistics operators with operational and financial control over their day to day, order to cash process of the domestic and international freight movements. Equipped with an integrated freight accounting module and interface capabilities with external accounting systems, 4S eTrans provides a scalable and flexible Freight Management solution.
About Four Soft Limited
Four Soft is a public listed and CMMI level 3 certified company which provides innovative software solutions, IT consultancy and BPO services exclusively for the logistics and supply-chain management market place. It is the market leader in the Logistics & Transportation segment with a large international client base including the majority of the top logistics & transportation companies in the world. With regional offices strategically located worldwide, it supports customers including DHL, Schenker, Agility, UTI and Geodis Wilson. Additional information about Four Soft is available at www.four-soft.com.
Four Soft offers a full suite of web-native products across the logistics supply chain. This includes 4S eTrans® for freight forwarding and logistics, 4S eLog® for extended warehouse management, 4S Visilog® & 4S VisiLog plus® for track & trace, visibility and supply-chain management, 4S eCustoms® for customs brokerage, 4S iShipping® for shipping line execution, 4S eConnect® for business-to-business connectivity and 4S Infotips for informed decision making.
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