WEST MIDLANDS, U.K. - TelAve -- Freight forwarders and logistics businesses can significantly reduce the amount of time they spend on invoice matching, accruals and financial reconciliation using CocoonFlow, a new AI-powered agent built specifically for this purpose.

The technology is a major addition to CocoonFMS's rapidly-growing transport management system CocoonOPS, which helps businesses streamline operations, cut costs, boost customer satisfaction and reduce their carbon footprint.

CocoonFlow will be demonstrated alongside the full suite of CocoonOPS features at this year's Multimodal expo in Birmingham, showing how AI can be used to solve genuine operational challenges rather than just adding another layer of technology.

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For many freight forwarders, reconciling supplier invoices remains a highly manual process. Finance teams can spend hours comparing purchase orders, supplier invoices and shipment records to ensure everything matches.

With this system, teams simply upload their invoice into CocoonOPS and the AI agent automatically searches shipment records, matches charges against jobs, links them to the correct purchase order and prepares them for synchronisation with accounting platforms such as Xero, QuickBooks and Sage 50.

Where information is missing or discrepancies identified, the system flags for review, allowing businesses to focus only on the transactions that genuinely require human intervention.

James Blackman, Managing Partner at CocoonFMS, said: "We are constantly developing the features and functionality of CocoonOPS to help businesses work as efficiently as possible with smooth systems rather than clunky manual processes.

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"Invoice matching and accruals is one of those remaining admin bottlenecks for the industry. By automating the vast majority of that, we can save time, improve accuracy and free teams up to spend time on other things."

Unlike platforms that rely heavily on third-party applications, CocoonFlow has been designed and developed entirely in-house, removing the need for additional subscriptions and licences.

Designed specifically for freight forwarders, the cloud-based platform combines shipment management, customs processing, workflow automation, financial management, customer portals and carbon reporting within a single integrated system.

Visitors to Multimodal will be able to see live demonstrations of CocoonOPS and CocoonFlow throughout the exhibition at Stand G6 throughout the event from June 30 to July 2.

For more information www.cocoonfms.com/