Kuala Lumpur, 5 October 2017 – Dagang NeXchange Berhad (“DNeX”) has launched 1Trade - Malaysia’s first Web-based one-stop portal for total cargo and trade management.
Targeted at businesses in the Trade Facilitation and Logistics sector namely exporters and importers, and logistics service providers, 1Trade converges supply chain and cross border logistics processes to simplify cargo and trade management processes.
1Trade captures data from multiple sources - from the initial stage of importers’ and exporters’ invoicing and packing list through the forwarding and shipping journey, regulatory and agency clearance and approval, and up to the delivery point.
With this, customers can track and trace not only movement of goods but also electronic documents on these goods such as status of clearance from a single convenient point.
The launch of 1Trade was officiated by Minister of Transport Malaysia YB Dato’ Sri Liow Tiong Lai in Kuala Lumpur today in conjunction with the FIATA World Congress 2017 where Dagang Net Technologies Sdn Bhd – a wholly-owned subsidiary of DNeX - serves as the Diamond Sponsor.
Present at the event were Executive Chairman of Dagang Net Datuk Samsul Husin, Executive Chairman of DNeXPORT Sdn Bhd Dato’ Patrick Wong, Group Managing Director of DNeX En Zainal Abidin Jalil as well as President of the Federation of Malaysian Freight Forwarders (“FMFF”) Mr Alvin Chua.
According to Datuk Samsul, 1Trade can help users improve on their productivity through the portal’s single data entry as compared to multiple data submission that increases risk of error and conflicting data resulting in delay of approval and clearance processes.
1Trade also makes business and regulatory reporting easier, and able to fast generate customised reports and statistics for either internal review or improved efficiency in audit, he said.
The FIATA World Congress, organised annually, provides an international platform for logistics industry leaders from across the globe to gain insights to industry challenges and put forward sustainable solutions.
Hosting this prestigious event this year - held at the Kuala Lumpur Convention Centre from 4 October to 8 October - is FMFF, the national association that represents the logistics industry in the country and endorsed by the Ministry of Transport Malaysia.