E2open Parent Holdings, Inc., supply chain software provider, has announced a strategic partnership with PayCargo, the global logistics payment solution.

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.

“Our partnership with PayCargo not only improves our clients’ experience, it also continues to make E2open the leading end-to-end supply chain platform and network provider to now include payment and settlement capabilities across modes. We are committed to growing our strategic partner ecosystem with high-value technology solutions that improve our clients’ ability to do business,” said Michael Farlekas, chief executive officer of E2open.

“With PayCargo, we extend our payment and settlement capabilities to additional modes, and have the opportunity to further streamline more than a quarter of the world’s cargo processes. This has a tremendous impact on the efficiency of freight movements and reduction of congestions, which positively impacts environmental sustainability.”

“We are thrilled to embark on this partnership with E2open,” said Eduardo Del Riego, chief executive officer of PayCargo. “The combination of E2open’s supply chain network with PayCargo’s financial platform will provide more logistics service providers access to instant payments and helps ensure cargo is released as quickly as possible so it can get to its destination on time.”