Freightos Launches an Innovative Enterprise Suite
Freightos, a leading digital freight booking and payment platform, has recently introduced an integrated logistics procurement suite designed specifically for large importers and exporters. This revolutionary suite aims to streamline the fragmented world of global freight procurement, emphasizing the need for efficiency and transparency. The newly unveiled Freightos Enterprise combines various functionalities into one robust platform, allowing users seamless management of their logistics from procurement to shipment execution.
Enhancing Global Freight Operations
As the global logistics landscape becomes increasingly digitized, freight procurement remains a complex challenge for many businesses. Recognizing these challenges, Freightos Enterprise effectively bridges the gaps in air, ocean, and ground freight management. This suite not only simplifies procurement processes but also integrates critical market intelligence, equipping businesses to better navigate the ongoing shifts in the logistics industry.
“Enterprise logistics teams are often buried under heaps of spreadsheets and siloed software,” remarks Zvi Schreiber, CEO of Freightos. He highlights the inefficiency of using disparate systems that fail to deliver comprehensive support for procurement. Freightos has meticulously crafted this solution to provide the necessary connectivity and organization that logistics teams desperately need.
Core Features of Freightos Enterprise
Unified Procurement Solutions
The Freightos Enterprise comprises three core modules that enhance its value proposition:
- Procure: This module automates the Request for Quotes (RFQs), manages tenders, and optimizes contracts, significantly reducing procurement time by up to 90%. It fosters seamless communication with logistics service providers, drawing on Freightos' recent acquisition of Shipsta.
- Rate, Book & Manage: With direct digital connectivity to hundreds of carriers, this module enables businesses to compare rates, book shipments effortlessly, and track their logistics in real-time.
- Terminal: This feature provides real-time freight market intelligence with enhanced capabilities for contract benchmarking, offering businesses vital visibility into market rates for shipping and air cargo.
Transforming Logistics Operations
By integrating market intelligence with procurement and booking processes, Freightos empowers logistics teams to become more strategic in their operations. Paolo Galli, VP Group Logistics Operations at Electrolux, emphasizes that this connected approach allows shippers to focus on strategy rather than getting bogged down in time-consuming data inquiries.
Adapting to Industry Challenges
The introduction of Freightos Enterprise comes at a critical time as companies face numerous challenges, including trade uncertainties and fluctuating shipping rates. Businesses that have adopted Freightos Enterprise have reported impressive outcomes, such as:
- A 20% reduction in freight spending through data-driven negotiations.
- An 80% decrease in email communications related to quoting and booking.
- The complete removal of communication bottlenecks with logistics providers.
- Enhanced visibility throughout the entire logistics process, from contract negotiations to final deliveries.
A Flexible and Immediate Implementation
Freightos Enterprise is now available for immediate deployment. Companies can begin with the modules that address their most pressing needs and expand to the full suite as they grow and adapt. This flexibility makes it an attractive option for businesses aiming to optimize their logistics processes.
About Freightos
Freightos (NASDAQ: CRGO) is renowned as a vendor-neutral global freight booking platform. It connects airlines, ocean carriers, numerous freight forwarders, and over ten thousand importers and exporters, transforming world trade into a faster, more efficient, and resilient endeavor.
The Freightos platform digitizes the trillion-dollar international freight industry by providing a comprehensive suite of software solutions, including pricing, quoting, booking, shipment management, and payment handling tailored for businesses of various sizes. Their notable products include Freightos Marketplace, WebCargo, Shipsta by Freightos, and others that enhance operational efficiency.
Frequently Asked Questions
What is Freightos Enterprise?
Freightos Enterprise is an integrated logistics procurement platform that simplifies global freight procurement for large importers and exporters.
How does Freightos Enterprise enhance productivity?
It reduces procurement time by automating processes, improves communication, and consolidates functions into a single platform.
What are the key features of Freightos Enterprise?
The key features include automated RFQs, direct digital connectivity to carriers, and real-time market intelligence through Freightos Terminal.
Who can benefit from using Freightos Enterprise?
Large businesses involved in global trade, including importers and exporters, can greatly benefit from increased efficiency and cost savings.
How is Freightos adapting to current industry challenges?
Freightos addresses challenges like trade uncertainties and volatile rates by providing data-driven insights and streamlined procurement processes.
