NODE40, a leader in blockchain financial reporting and compliance, is thrilled to announce a new strategic partnership with TCS Blockchain, the pioneering blockchain solution for freight invoice settlement. This collaboration will enable TCS users to meet their reporting, tax, and transparency needs with ease, enhancing the compliance capabilities of transportation companies in North America.
TCS Blockchain, known for its innovative approach to reducing settlement costs by up to 90%, offers a blockchain-as-a-service (BaaS) platform that significantly speeds up the payment process for freight invoices, settling them in just 1-2 business days. Last year, TCS achieved a milestone by conducting the world’s first on-chain freight invoice settlement.
Perry Woodin, CEO of NODE40, expressed his enthusiasm about the partnership, stating, “We are proud to work with TCS to bring unprecedented financial transparency to the transportation industry. Our collaboration is set to integrate robust analytics and comprehensive accounting into the TCS user experience, showcasing our commitment to technological advancements in supply chain management.”
The partnership is set to launch at scale this summer, further integrating NODE40’s sophisticated data analysis and financial reporting tools with TCS’s blockchain platform. This integration promises to streamline financial management for transportation companies, providing them with seamless access to essential financial tools and one-click tax reporting capabilities.
For more information about NODE40 and TCS Blockchain, please visit NODE40.com and tcsblockchain.com.
