Features of Competent Freight Rate Management Software

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Features of Competent Freight Rate Management
Software
By Info-X Software Technology Pvt. Ltd.
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Info-X Software Technology Pvt. Ltd.
Freight Rate Management Software allows companies
to seamlessly manage different rate management
systems together to improve their global freight
and rate management operations. Some of the most
beneficial features of such software are
discussed in this article.
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Info-X Software Technology Pvt. Ltd.
Companies who are involved in freight-forwarding
on a global scale often find it difficult to
manage the global freight contracts and rates.
The freight rates are capricious and thus,
updating the rates and using the latest rates to
ensure accurate calculations can be very
challenging. To overcome these barriers a company
can use a competent Freight Rate Management
Software.
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Info-X Software Technology Pvt. Ltd.
These real-time solutions allow companies to keep
a track of global rates to enable them to build
and manage buy and sell rates in a digital
format. They can also be used to implement a
comprehensive policy for pricing, make a request
for global rate processes and to boost confidence
in companies when it comes to making important,
time-critical decisions. They automatically
update and apply all the applicable tariffs,
including GRIs and other additional charges in
real time.
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Info-X Software Technology Pvt. Ltd.
Features of Freight Rate Management Software

• Enables companies to create a single rating
  system to manage global freight rates easily and
  conveniently.
• Contract rates managed by their back office.
• All in price which is the total rate of the
  freight can be broken down to have detailed
  information about the freight rate and additional
  charges.
• Option to view overseas additional charges in
  local as well as foreign currency.

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Info-X Software Technology Pvt. Ltd.

• Validity and expiry of the rate will be
  available.
• Can be used to implement minimum margin needed
  for cargo acceptance.
• More accurate and faster quoting.
• History tracking and data management.
• Collect contract information from different
  sources and display it on a single platform for
  easy and efficient management.
• Buy-side rate analysis by monitoring customers,
  commodities or trends.
• Dedicated software support.

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Info-X Software Technology Pvt. Ltd.
Benefits of Freight Rate Management Software
There is no denying the fact that manually
shopping for freight carriers is a time-consuming
and tedious process. Your company will be
required to have a separate team of professionals
for this job. This makes a competent freight rate
management software such an integral part of the
freight selection process.
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Info-X Software Technology Pvt. Ltd.
The software will automatically update the latest
freight rates offered by global carriers along
with all the required information about the
carrier to ensure operational efficiency. It
allows leading freight-forwarders to connect to
their global trading partners and securely
exchange information for offering improved
delivery performance and receive an enhanced
level of customer satisfaction in return.
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Info-X Software Technology Pvt. Ltd.
While a large number of companies outsource the
freight-forwarding process to third-parties, an
increasing number of businesses are realizing the
benefits of using freight rate software than
relying on third party companies. While it has a
number of advantages over choosing a third-party
logistics carrier, their time and cost efficiency
are two of the main reasons that are making
companies contemplate to switch to these
real-time solutions.
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Info-X Software Technology Pvt. Ltd.
Contact Address- 101 Salem Road North Brunswick,
NJ 08902 USA Email priscilla_at_infoxusa.com Phone
1-646-915-0333
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