E2open Parent Holdings, Inc. announced a strategic partnership with PayCargo to simplify and speed up the freight payment process for carriers, fowarders, and shippers that move the world's goods. The E2open platform will embed payment processes to facilitate faster release of cargo at ports via PayCargo's secure, cost-efficient solution thereby eliminating the traditional, resource-intensive system of requesting, printing, mailing, and delivering checks, wire transfers or cash. This combined capability will allow shippers, forwarders and carriers a seamless process for booking, confirming, tracking, settling, and releasing cargo, facilitating more efficient and seamless movement of goods from origin to destination.
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Jul. 11 | Goldman Sachs Trims Price Target on E2open Parent to $4 From $4.50, Maintains Neutral Rating | MT |
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