AI and blockchain technology developer Yojee Limited (ASX: YOJ) has executed a long term Software as a Service (SaaS) agreement with Scharff, FedEx Global Service Provider in Peru and Bolivia.
The contract follows the signing of the Implementation agreement in early November.
In addition to the implementation fees paid to Yojee under the Implementation Agreement, this contract covers the SaaS fees for Yojee’s technology across two countries and four business units, which is much larger than initially proposed in the letter of intent, with an additional South American partner referral agreement.
This agreement will facilitate the distribution of over 1,100,000 parcels per month for a period of 4 years with additional charges payable to Yojee when monthly deliveries exceed 1,100,000.
The awarding of the contract to Yojee followed a successful business review and digital transformation proposal undertaken in Lima, Peru last month as part of the tender process.
The successful evaluation of Yojee software resulted in Scharff increasing the exclusive contract term from the proposed 2 years to 4 years.
Yojee said its AI capabilities and user experience enhancements across a broad range of use cases including post/mass mail – a use case not originally planned for the software – highlights the scalability, broad supply chain applications and future readiness of Yojee’s software for large enterprises.
Scharff Logistica Integral and Scharff Boliivia S.R.L is a Peruvian founded corporation. It is a market leader in South America across freight forwarding, bulk freight and parcels with a huge last mile operation founded in 1985.
