If you talk to freight forwarders or
logistics managers about the toughest part of their job, chances are managing
carrier rates and contracts will come up frequently.
With all the surcharges, fees, and
addendums, they’ll also tell you that ocean rates top the list of the hardest
carrier contracts to keep up to date and calculate accurately. The time and
effort it takes to manage complex freight rates is only part of the challenge.
The risk and cost of misquoting is just as
great. These challenges caught the attention of the founders of Catapult
several years ago and it became the mission of the company to take these issues
head on and Catapult QMS was born – the first true global freight rate
automation platform. The QMS platform automates all the steps that go in to
managing freight contracts and ensures every time a quote is created it is
accurate. Users simply enter in basic shipment information and QMS instantly
rates the shipment based on the user’s contracts, with all applicable
surcharges and fees applied automatically. Catapult’s cutting edge technology
and team of industry analysts make sure every surcharge is up to date and
applied correctly, every time.
The benefits extend to the quoting process
for freight forwarders as well. Forwarders, NVO’s, and BCO’s can create and
send spot quotes to customers in seconds, not hours or days as was the case
before. The platform even tracks close rates and other metrics that are
important to the business.
Catapult recognized another challenge when
it comes to providing quotes – big, complex global tenders (RFP’s) can take a
lot of time. Catapult’s Spring Board makes responding to bids simple and fast
by applying the same rate automation technology behind QMS to quickly calculate
the same accurate rates from QMS to entire bid packages. It’s freight rate
automation on a massive scale. Managing freight rates and contracts is a
challenge under the best of circumstances – but using the right technology
brings calm to the chaos.
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