In today's tech-driven world, all types of industries are entirely or partially digitalized. The finance industry doesn't lag in this. Banking is now digital.

 

Even though banking has gone all digital, not all banking tasks are entirely digital. Even today, a lot of banking and finance-related work is been done on paper. And if papers are physically maintained, document shipping will also become necessary.

 

For instance, in financial institutions and industries, documents like welcome kits, credit cards, debit cards, fixed deposit receipts, PINs, and more are couriered to customers through logistic services. 

 

Even the marketing and promotional materials like bills, contracts, and receipts are spread to the branches from the head office through logistic services. Thus, finance and logistics are in accord with each other.  

Banking and finance is one industry that extensively needs logistics or courier companies. However, with opportunities come challenges. Some unique challenges approached with this scope are security, cost, reach, and traceability.

 

In today's blog, we will discuss 5 things that a finance industry wants from its logistics partner. 

Let's get into it straight.

 

Secure Delivery

 

All of the banking documents that are sent for or from the bank are mostly classified. Thus, the logistics services working for the finance industry should be capable of carrying and delivering banking packages securely. 

 

Secure delivery of documents and packages is an essential point that everyone in the finance industry looks for in their logistic services. This one point alone will eliminate several small players.

 

We, at NitoXpress, offer omnichannel third-party logistics. We work in channels to bring more agility to our team and service. We have assigned a dedicated team for sorting and securing bank shipments to ensure the safe delivery of documents and packages. 

We also offer express delivery of sensitive documents. 

 

Package Traceability

It is not easy for financial institutions to send again their packages if they get lost in transit as it contains confidential data, which can get into the wrong hands and be misused. Thus, the traceability of packages at all times is very crucial. And many logistical players can't offer this, making them infeasible. 

 

NitroXpress uses an API-authenticated real-time tracking system that makes sure you can track your documents from your mobile phones. 

 

Reach

 

For logistic services, Reach is essential. There are many more logistic services that only offer delivery services to fewer cities or some towns. Therefore, the financial branches end up using several courier services. This will impact the services' consistency and affect the services' pricing and timeliness. 

 

We support express delivery across all parts of the country, offering you and your customers a continuous, satisfying service. 

 

Affordability

 

Secure delivery of documents is of utmost importance. However, in search of a security-providing delivery partner, banks pick multi-national logistic companies, which charge a hefty sum. This will burn a hole in your pocket. 

 

At NitroXpress, it is our prime goal to make sure we provide secure delivery at a competitive price.

 

Flexibility

 

Offices can't be open every day all the time. However, packages should be delivered on time whether the branches are open or not. Suppose such a kind of delivery is not attainable. In that case, the logistic service provider needs to find a way to reschedule deliveries instead of going back to the branch office at 6 pm every day.  

 

We deliver between 10 am and 1 pm on office days and defer the deliveries during the bank holidays. 

 

NitroXpress For The Financial Industry

 

NitroXpress is an omnichannel third-party logistics company, so it works well with our transportation service for bulk shipping processing services to meet the financial industry's needs. 

NitroXpress specializes in same-day delivery, next-day delivery,  and 1-2 day delivery in prime locations and delivers packages with the utmost care.  

 

By partnering with good third-party logistics, the financial industry can improve efficiency, contain costs, and enhance customer service. 

So from now on, while choosing a logistic service, ensure you check off all the five, or a maximum of three boxes, as hardly one size fits all.