Technology Magazine for Logistics | Logistics Tech Outlook
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August - 2023 19logisticstechoutlook.comprovide superior customer experiences for their clients," says Matthew Everson, EVP of sales at FreightWise.The TMS onboarding is initiated by transferring order data from a client's WMS or ERP system to FreightWise. Once the data is received, a client can access their information within the TMS's order tab, which offers a comprehensive view of all sales orders. Clients have the flexibility to consolidate placements or split them into multiple shipments, ensuring efficient planning. Once the shipment is planned, FreightWise automates the quoting process across multiple modes. After the shipment is analysed, it generates the necessary documentation, including BOLs and pallet labels with automated PRO numbers for LTL shipments and shipping labels for parcel shipments. Clients can review and make individual adjustments to the information before marking the shipment as complete.FreightWise provides carbon content labels, QR Codes, and packing lists, confirming documentation for each shipment. Upon completion, the system communicates all relevant information, including carrier, service, and cost, back to the client's system. This data exchange process allows them to access critical shipment details and maintain accurate records within their internal systems. FreightWise performs a seamless freight audit and payment service using loaded carrier contracts, rates, and tariffs. Its approach avoids the pitfalls of a match/pay audit process where rates gathered via API are used to match costing to an invoice. The FreightWise process ensures accurate invoice matching and settlement guaranteeing a clean and precise payment process. The company distinguishes itself by offering cost savings through managed services. Unlike traditional TMS systems, where clients will purchase the system upfront, FreightWise managed services operate on a pay-for-performance model, where clients only pay based on the savings achieved through securing better rates. Instead of a fixed yearly fee, the focus is reducing costs and passing the savings on to the client. Whether they choose the standalone TMS or comprehensive managed services, FreightWise is committed to providing customized, cost-effective solutions to meet their clients' needs. FreightWise's vendor portal offers easy access to shipping information and customer notifications, ensuring transparency and efficient tracking. Its insurance options include additional value-added coverage through a licensed third-party provider. For full truckload shipments, it enables clients to compare spot quotes with contracted rates. The company's reporting and analytics tools offer dynamic filtering, allowing them to analyze their spending by dates, carrier, mode, direction, customer-vendor, and more. It delivers comprehensive and accurate solutions to optimize transportation operations and reduce client costs.The mark made by FreightWise is significant; a case in point is when its clients expressed a need for additional carrier options on parcel shipments. In response, FreightWise helped their clients develop relationships with regional parcel carriers. The TMS is used to rate shop, print labels, and track parcel shipments across multiple parcel carriers, which ultimately reduces spend by strategically helping shippers to choose the best carrier, service and price for each shipment based on territory, region, and transit time. By bringing in competition to the big national carriers this helped drive strong negotiations to improve prices there as well. Combining cutting-edge technology, industry expertise, and a commitment to customer success, FreightWise delivers cost-effective, tailored solutions to meet diverse client needs. Partnering with the company, organizations can stay ahead of the competition and efficiently achieve their goals. The purpose-built and mobile-friendly TMS offers easy access to data, enabling clients to handle documents efficiently and make informed decisions
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