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UMT AG expands sales of AI and supply chain management solutions

By 18. April 2024April 23rd, 2024No Comments

UMT expands sales of AI and supply chain management solutions

As part of the strategic partnership with Evy Solutions GmbH, UMT AG will directly market and distribute the outstanding Xpact software throughout Europe in cooperation with a newly acquired, specialized sales team from UMS GmbH. The AI-based product offers the automation of all text-based internal company processes in a variety of industries. Users benefit from time and cost savings, leaner business processes and reduced error rates.

To this end, considerable investments have been and are being made and capacities expanded. The investments in the operating business are aimed at sustainably strengthening the company’s earning power and will have a positive impact on sales and earnings in the future.

In addition to artificial intelligence, requirements such as sustainability, documentation of fair trade or proof of origin of raw materials and basic products require a view of the entire supply chain with several partners involved. The newly adopted Europe-wide Supply Chain Act, for example, presents companies with major challenges in this regard. Demand for solutions is rising sharply, while supply is still limited.

The use of blockchain and the possibility of smart contracts are ideal for this. These can be used to store information for each item in the blockchain in an unalterable form for all parties involved and to map the entire supply chain with the individual products. The role of AI and smart contracts is to transparently automate the entire process as an overarching bracket function and reduce human processing time.

UMT AG is integrating existing solutions on the market and using them in sales and marketing. This will also significantly increase UMT AG’s earning power. In-house developments will only be pursued if they are sustainably competitive.

The company’s own payment hub, which is already in place, enables deliveries and services to be settled between parties in line with the market and in real time. There are concrete, positive developments with regard to its use in the context of subscription models in the industry. News on this will follow shortly.

Participations & Acquisitions
In addition to the transaction with Evy Solutions GmbH, UMT AG is also examining the possibility of investing in profitable companies that offer a strategic fit and present opportunities for growth throughout Europe. In this context, the company is currently holding promising talks that could potentially lead to an initial deal soon. The measures in the investment business also serve to significantly strengthen and complement the planned acquisition of Evy Solutions.

“The new supply chain law passed in the EU poses immense challenges for medium-sized companies in particular, but also for many large companies. If we look at our customers’ supply chains, our portfolio of AI, blockchain and payment hub solutions offers an innovative way of sharing information and handling processes. We are at the forefront of an industrial revolution in which the intelligent integration of technologies such as blockchain, AI and payment is not just optional, but crucial for competitive success. Specific examples include tracking reusable transport items (RTIs) such as bottles, crates or pallets and reducing shrinkage, which can be high throughout the process chain. Another real-life example is a blockchain solution for monitoring the organic production of oils, which allows farmers to be paid directly for responsible production and traceability. These were all ideas for a long time, but we are now seeing technologies such as blockchain being put to use in the real world.

Our initial focus is on consulting and problem identification, the intelligent integration of existing solutions and cooperation with selected technology partners. Furthermore, these solutions are implemented by us and our partners in order to immediately realize a high level of customer benefit. Overall, UMT AG is positioning itself to be digital and scalable and currently offers investors a good opportunity to become part of a new company,” says Erik Nagel, CEO of UMT AG.

About UMT AG:
As an innovative company, UMT United Mobility Technology AG stands for the integration, development and implementation of customized solutions for the digitalization and automation of business processes. The internally developed payment hub, AI and, in the future, blockchain will enable UMT AG to be successful in the rapidly growing and sought-after segment of supply chain management solutions. The focus here is on digital and scalable solutions for the B2B segment. In addition to organic growth, UMT AG aims to acquire both customers and technologies through targeted acquisitions of companies. The IT and consulting expertise built up over a decade is the basis for value-creating investments in companies that contribute to the digital transformation of SMEs.

The UMT United Mobility Technology AG share (WKN: A2YN70, ISIN: DE000A2YN702) is traded on the Frankfurt Stock Exchange and is listed on the Basic Board of Deutsche Börse AG.