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Giltner Logistics Accelerates Payments with Integration Between Upwell Accounts Receivable Solution and Descartes Aljex™

1. Giltner Logistics streamlines processes using Descartes Aljex TMS for efficient invoicing. 2. Integrated system enhances cash flow management by reducing manual invoicing workloads. 3. Improved liquidity can drive sustainable growth for logistics-intensive businesses. 4. Advanced technology boosts operational efficiency and customer satisfaction in freight brokerage.

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Why Bullish?

The integration may increase operational efficiency, positively influencing DSGX's market position.

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The article highlights strategic innovations that can enhance DSGX's competitive edge.

Why Short Term?

Immediate financial benefits can be realized from improved cash flow and operations.

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GILTUPWL
ATLANTA, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Giltner Logistics, a leading asset-backed third-party logistics provider (3PL), is streamlining its accounts receivable workflow, accelerating payment cycles and enhancing cash flow management using the Descartes Aljex™ transportation management system (TMS) integrated with Upwell’s advanced accounts receivable (AR) technology. “Our mission is to simplify customers’ supply chains by combining technology, experience and expertise to create efficient, frictionless shipping,” said Todd Baughman, Vice President of Technology at Giltner. “The integrated solution helps us meet this objective by automating customer invoicing and enhancing the workflows between Descartes Aljex and customer payment providers. The end result is a reduction in time-consuming manual work, while lowering days-to-pay and days-sales-outstanding metrics to help fuel sustainable growth.” The scalable, cloud-based Descartes Aljex TMS helps freight brokers of all sizes to boost operational efficiency, maximize margins and enhance customer service by automating and streamlining daily brokerage activities, including order entry, lane rate comparison, covering loads, rate confirmation, carrier acceptance, dispatching and carrier communications. The integration between Descartes Aljex and Upwell’s automated AR system helps freight brokers and 3PLs shorten their cash cycle, which ensures quicker payments by reducing the time spent on manual invoicing and collections. By accelerating financial processes and improving cash flow management, the combined solution helps 3PLs maintain liquidity and drive business growth while reducing administrative workloads. “We’re pleased that Giltner Logistics is improving cash flow management with the integrated solution,” said Charley Dehoney, CEO of Upwell. “We believe that the combination of our financial automation technology with Descartes Aljex TMS creates a powerful solution to help freight brokers transform how they manage receivables to optimize cash flow, increase operational efficiency and enhance customer satisfaction.” “In today’s fast-paced transportation industry, securing timely payments from customers directly impacts liquidity and sustainable growth,” said Dan Cicerchi, General Manager, Transportation Management at Descartes. “With our core capabilities and extensive partner ecosystem, freight brokers and 3PLs have an advanced technology platform to help protect margins and drive profitability by simplifying financial processes and reducing administrative workloads.” About Giltner Logistics Giltner Logistics, Inc. is an asset-backed third-party logistics and brokerage provider that has been delivering freight solutions across North America and is one of the top 3PLs in the country. By working closely with its sister company, Giltner Transportation, Inc., the 3PL designs and delivers superior solutions for its shipping customers, providing competitive pricing without sacrificing service. Learn more at www.giltnerlogistics.com. About Upwell Upwell uses artificial intelligence to automate and transform accounts receivable for transportation and logistics companies. Every dollar counts in this industry, but today’s landscape is too complex for companies to rely on back-office superheroes using manual processes and dated technologies. Many companies have thousands of dollars locked up in invoicing exceptions, and many don’t have reliable systems for knowing what’s been paid. Now there’s a better way. Upwell’s AI-powered platform empowers accounting and finance teams by improving cash flow, automating legacy processes, and enhancing the customer experience. Reinvent your accounts receivable and start the journey toward getting paid faster at www.upwell.com. About Descartes Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, security and sustainability of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, track and help improve the safety, performance and compliance of delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world’s largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at www.descartes.com, and connect with us on LinkedIn and Twitter. Global Media Contact Cara Strohackcstrohack@descartes.com Cautionary Statement Regarding Forward-Looking Statements This release contains forward-looking information within the meaning of applicable securities laws (“forward-looking statements”) that relate to Descartes’ transportation management system solution offerings and potential benefits derived therefrom; and other matters. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the factors and assumptions discussed in the section entitled, “Certain Factors That May Affect Future Results” in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada including Descartes’ most recently filed management’s discussion and analysis. If any such risks actually occur, they could materially adversely affect our business, financial condition or results of operations. In that case, the trading price of our common shares could decline, perhaps materially. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purposes of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

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