Yojee Ltd (ASX:YOJ) (FRA:SRC) has entered revenue-generating go-live with two further enterprise clients following implementation of its Yojee Platform in two enterprise countries.
This progress validates the company’s ability to grow across geographies and deepen its presence across the supply chain.
Yojee is a cloud-based software as a service (SaaS) logistics platform that seamlessly and uniquely manages, tracks and optimises freight movements along the entire logistics chain.
It is demonstrating positive client outcomes with up to 89% improvement in delivery attempt efficiency, representing material savings and revenue opportunity benefits for clients.
The company continues to deliver the Yojee Platform in line with the implementation schedule.
The rollout of revenue-generating enterprise projects now stands at six, of which five projects have completed implementation since December 2020.
Ability to expand enterprise projects
Yojee managing director Ed Clarke said: “As we continue to complete and work on new deployments with three of the largest global freight forwarders with which we have signed agreements, customer success is our big focus.
“We are demonstrating our ability to expand enterprise projects with our existing Enterprise Client base across geographies by proving our product and its outcomes such as speed to go-live and efficiency gains.
“The early deployments are very much about ensuring that our customers embrace and become promoters of our product and therefore additional deployments move much further and faster as our product becomes the leading driver of growth.”
Operational improvements
Clarke said: “Our data insight tools have shown clients’ very measurable operational improvements and savings, based on ease of use, procurement and real-time decision making, which is helping drive adoption, expansion and stronger relationships with our Platform by users at both the Enterprise Client level and to their clients, which includes the very large sub-contractor market.
“With five Enterprise Projects only very recently entering a revenue-generating stage taking place in December and this quarter, totalling six revenue-generating projects overall, we expect revenue to grow over the coming quarters and years.”
“By focusing on continued positive feedback from our Enterprise Clients, we expect to also sign new agreements and undertake additional deployments of our Platform through the calendar year 2021.”
Strong pipeline
Yojee has a strong pipeline of new enterprise countries and new enterprise logistics hubs under discussion from existing enterprise clients.
The company is in advanced discussion with all existing Enterprise Clients for expansion Enterprise Projects as well as being in advanced discussions with potential new Enterprise Clients.
Value-add
The Yojee Platform is achieving strong value add for its Enterprise Clients as demonstrated by the improvement of delivery efficiency.
The company has demonstrated a 62-89% increase in delivery attempt efficiency in the logistics channel through the application of its platform at the Enterprise level, representing material savings and revenue opportunity benefits for clients.
Delivery efficiency is a key area of monitoring due to it being high volume in nature.