Freight Rates Management Software Features
Freight Rate Contracts Upload
Leverage your private pre-negotiated Buy Rates with Carriers. Neurored’s cloud-based Freight Brokering Software helps your business:
- Bulk-Upload freight rates files without reformatting the file
- Automatically source freight rates from leading carriers using API integration
- Extract, Transform, and Load (ETL) the rates to store them as New Rates or Rate Revisions
These privately contracted rates can be supplemented with spot freight rates from marketplaces and load boards.
Spot-Rates Sourcing & Tendering
Neurored’s cloud-native Freight Rates Management software helps you procure live spot rates for non-standard freight routes/lanes by:
- Integrations with the leading public Freight Rate Marketplaces and Load Boards
- Inviting preferred Logistics Service Providers to private freight tenders through a Partner Community Portal
- Enabling login-free spot rate requests with new carriers/ freight forwarders
With Neurored, businesses can organize multiple tendering rounds and standardize communication with all stakeholders. Vendor performance metrics and rate benchmarking can help enterprises to make intelligent purchasing/brokering decisions. Learn more about Neurored’s Supplier Relationship Management (SRM) tool.
Freight Rates Collaboration
Ensure a single source of truth for your business. With Neurored’s cloud-native Freight Rates Management tool, businesses can:
- Allow multiple teams and users to collaborate on rates upload and management
- Update existing freight rates while maintaining revision control, change history, and user logs
- Get strategic insights about rate trends and forecasts by leveraging existing rates data
All approved rates are automatically transferred to rate books without manual data entry.
Freight Rates Books Creation
Neurored’s Rates Optimization & Management tool helps you save time by:
- Create standardized rate books for customers based on regions, carriers and charge codes.
- Assign markups and port charges, cartage charges, clearance charges and other surcharges based on the rate book.
- Mass-edit rate markups as a percentage of Buy Rates or based on the number of freight units.
Neurored’s Freight Rates Books are a foundation for freight brokering teams to create winning quotes quickly.
Freight Rate Sheets & Quotation
Speed up and streamline quotations by using our cloud-based freight brokering solution to:
- Create rate cards in a single click by leveraging existing rate books
- Customise quotes with branded logo, colours, fonts, and file formats
- Automatically store freight prices for accounting purposes without data entry
All quotation documents sent to the customer are automatically related and stored to the customer account to simplify communication and team collaboration.
Freight Rates Customer Portal
Want to give customers instant Freight Rates Quotations? Set up a self-service customer portal for customers so you can:
- Give customers instant spot rates, sailing schedules, and alternate transportation options
- Increase brand loyalty by setting up a fully branded digital experience
- Offer customers a consolidated view and insights about their global shipments
Self-service customer portals help freight brokers eliminate turnaround times by letting customers search and compare rates before they make an instant booking.
Freight Booking, Tracking, & Document Management
Fulfill confirmed freight orders by using Neurored’s Freight Rates Management software to:
- Send emails and complete transportation bookings related to the customer without leaving the app
- Track shipments across all transportation modes (ocean, air, road, rail, parcel) with Neurored’s Multimodal Supply Chain Visibility App.
- Collaborate with agents, partners and customers in real-time for scheduling, pick-ups, and exceptions management using Salesforce chatter
- Generate and store all related shipping instructions and transportation documentation on the app
Using Neurored ensures error-free accounting by automatically transferring the buy and sell rates to your current ERP system.
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“Neurored has become our main tool when it comes to quoting, generating documents, consulting information of our airlines and ocean shipping companies as well as when generating our administrative tasks. Neurored is always growing and adapting itself to the best practices of the forwarding industry.”
“Neurored enabled us to go paperless and digital! In a small amount of time, we streamlined our internal processes from Sales to Service and we have managed to digitally transform our business. The team at Neurored is always on hand to support and offer new and innovative ideas.”
“Neurored’s helped us save the time previously spent on bid consolidation for inquiries to be priced and creating pre-bid Summaries. We have streamlined pricing across numerous lanes by multiple teams in their standard interface by having the data all in one place. We have gained insights on bid characteristics on how our pricing affects the success of a bid.”
Sentury Tire USA
“We chose Neurored because of their flexible business model and how they are able to adapt to our organization’s needs as we grow. Apart from offering a great customer portal solution, the Neurored team is also a trusted advisor and helped Sentury use the Salesforce platform to its full potential.”
Frequently Asked Questions
What is freight rates management software?
Freight rate management software centralises complex and disparate rates data to help pricing teams and customers to search, sort, and select freight rates and make freight bookings.
Does my business need freight rates management software?
Razor thin margins, increasing competition, and customer expectations make freight rates management necessary. Neurored helps you win more deals, be more profitable, resolve disputes, and dramatically reduce auditing costs.
How to get the lowest freight rates?
Freight Rates Management Softwares helps you compare prices from various marketplaces and strategic vendor relationships across multiple modes of transportation. Having many price options guarantees you the lowest freight rates and highest savings because of your increased power in the negotiation.
Which types of businesses use freight rates management software?
What makes Neurored’s Freight Rates Management tool the best on the market?
Neurored’s solution is native to the world’s #1 Business Apps Platform, which makes it fast, secure, configurable, integrable, stable, and enterprise-ready.
Is Neurored a Cloud-based Freight Rates Management solution?
Neurored is native to the cloud, meaning you don’t have to deal with the problems of an outdated on-premise system and can spend more time running your business.
Do I need Salesforce if I want to use Neurored’s solutions?
No, it doesn’t matter if you have Salesforce or not. Our software solutions are only built using Salesforce and can integrate with any leading ERP, WMS, or CRM systems.
Can I work with my own vendors when using Neurored’s Freight Rates Software?
Yes. Neurored does not require you to use any specific set of vendors. Neurored helps you mass-import rates from excel sheets, connect with your own strategic vendors through API and supplement these rates with information from relevant freight marketplaces.
Can Neurored’s Freight Rates Management Solution be purchased separately?
Absolutely. All Neurored solutions are modular, and we will only implement the pieces that you require.
How does reverse auctioning help in freight rates management?
Neurored’s reverse auctioning helps you save money without the risk by allowing you to compare price and qualitative vendor performance metrics. Our software lets you share the quote rank with the vendors to incentivise them to send you competitive quotes.
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