BWLKF - BOARDWALKTECH EXTENDS AND EXPANDS COMMERCIAL ENGAGEMENT WITH FORTUNE 50 TECHNOLOGY COMPANY FOR SUPPLY CHAIN MANAGEMENT | Benzinga
Multi-phase Rollout with Fortune 50 Social Media Company to Improve Order Optimization
CUPERTINO, Calif., Nov. 27, 2023 /PRNewswire/ - Boardwalktech Software Corp (the "Company" or "Boardwalktech") (TSXV:BWLK) (OTCQB:BWLKF), the leading Digital Ledger solution improving the way enterprises manage information, today announced that it extended and expanded its relationship with a Fortune 50 California-based technology company (the "Customer"). This is the second such expansion of the commercial relationship, with the initial professional services engagement announced on May 18, 2021 followed by the first expansion of the agreement and temporary license that was announced on December 23, 2022.
Boardwalktech is pleased to announce the expansion of the Customer's deployment and licensing of the Boardwalk Platform and associated Radius Control Tower / Unity Central data management solutions to improve supply chain visibility and order execution. The initial phase, being announced today, is the first annual license with the Customer, and is focused on improving B2B order fulfilment and visibility. The next two phases of the solution are expansions which are expected to be added throughout 2024 and will leverage Unity Central for return management improvements, then a full platform solution for supply side order management connecting the Customer's various contract manufacturing partners and suppliers. Future announcements are expected as those new phases are executed. Combined license and services revenue from this expanded plan is expected to exceed US$400,000 over the next 12 months. Further license increases are expected as these solutions renew and Boardwalktech continues to demonstrate measurable ROI for the Customer in its quest for continuous order and supply chain improvement.
The Boardwalk Platform provides a cutting-edge solution that empowers companies to better understand and take action on the various information, such as unstructured data within documents and emails, that flow within their supply chain ecosystem. According to a 2022 Lodestar survey, a typical Purchase Order can require over 50 documents and signal flows across 25-30 stakeholders, often requiring dozens of supplemental emails to insure on-time order fulfillment. These documents and signals are time consuming and tedious to interpret, understand, and organize to ensure timely and proactive actions when an order is in a critical state. Boardwalk's Digital Ledger and Unity Central solution can simultaneously ingest all of these documents and signals without having to transform the data, understand the contents and signals within these documents, and provide immediate alerts and predictive analytics so proactive steps can be taken to insure an order ...