Deployed with the world's largest private company.
Flexport bought Convoy in October 2023 and spent eighteen months integrating, rebuilding, and ultimately winding it down to DAT. The finance org now knows exactly what cross-entity reconciliation costs when the playbook is manual. Phyvant cuts the next consolidated close from the three-week scramble it became during the Convoy stretch to a five-minute query — and writes the procedure down so the next country, the next acquired book, and the next financing facility absorb the same way.
Live consolidated bridge across Flexport Inc., Flexport Customs LLC, Flexport International, and the Convoy wind-down book — organic vs. one-time gain on sale separated automatically.
Indonesia opened in 2026. Six more countries land this year as importers move sourcing out of China. Each one is a new legal entity, a new local statutory regime, a new bank account, a new books-to-NetSuite roll-up. The standard playbook treats each as an integration project. Phyvant onboards them on cadence — dispatch, customs, AR, and intercompany live on the corporate surface from week one, regardless of where the local statutory close sits.
Phyvant pulls bookings, customs entries, billing, and intercompany positions from each new entity's local stack — regardless of where the statutory ERP rollout sits.
BlackRock-managed funds committed $250M to Flexport's supply chain financing book. That facility has its own utilization ledger, its own borrowing-base covenants, and its own daily tie-out to the underlying customer invoices and customs entries. Phyvant reconciles facility utilization, advance rates, and covenant headroom against NetSuite AR and the customs broker book in real time — so the treasury team can see covenant headroom on demand instead of reconstructing it for the monthly reporting package.
Live tie-out between the BlackRock SCF facility ledger, NetSuite AR, and the underlying customs entries — covenant headroom queryable on demand.
Customs brokerage gross profit grew 99% year-over-year in 2025 — the cleanest organic margin story in the business. The bottleneck is broker hours per entry, and the Trump-era tariff regime made every entry harder. Phyvant ingests every filing, pre-clears the routine ones against HTS classification, valuation, and origin rules learned from your own brokers, and routes only the genuine exceptions to a human. Entries-per-broker-hour stops being a hiring problem and starts being a software curve.
Monthly customs entries cleared per broker FTE across Flexport Customs LLC. The inflection at Phyvant go-live is the auto-clearance of HTS-stable, low-tariff-risk entries — brokers route to exceptions only.
Inc., Customs LLC, International (NVOCC), and every new-country entity rolled up to NetSuite every period — measured in minutes, not weeks.
Every customs entry from Flexport Customs LLC reconciled to NetSuite revenue and the customer invoice — automatically, on entry filing.
Procedure captured from the Indonesia rollout, replayed against each 2026 new-country entity as it opens. Same documentation, six entities.
Facility utilization, advance rates, and covenant headroom reconciled to NetSuite AR and the customs ledger every day — not reconstructed monthly.