WiseTech Global has entered an agreement to acquire BSM Global, a provider of global trade management (GTM) systems and solutions.
Headquartered in Australia, BSM is being acquired from private shareholders.
BSM’s GTM solution reportedly allows exporters and importers to plan and manage the contracts, and financial and commercial arrangements with their trading partners and produce relevant international trade documents.
It also allows supply chain managers to plan and execute their international transactions removing manual processes and automating data transfer between supply chain managers, their logistics service providers, their customers and some government or statutory bodies.
These solutions integrate with the most common ERP systems used by exporters including SAP, Oracle and Microsoft Dynamics.
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Vlad Bilanovsky, Chief Execution Officer of WiseTech Global, said: “When I first met Robert Flemming, the founder of BSM, several years ago, I was impressed with his vision, passion and drive to facilitate global trade by automating contract, logistics and operational processes within the international supply chain.
“This aligns with WiseTech’s relentless focus on automating logistics execution. BSM brings a proven solution for GTM as well as a team with extremely deep domain knowledge in global trade, transport and logistics.”
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Last month, Hapag-Lloyd and HERE Technologies formed a collaborative agreement to improve visibility in global supply chains. HERE Tracking improves Hapag-Lloyd’s existing real-time smart container monitoring technology Live Position by providing predicted ETAs for inland transit, increasing operational efficiency and customer satisfaction.
