Executive Briefings

CargoSphere Creates Tool to Manage Carrier Contract Data

CargoSphere, vendor of a network for managing global freight rates for the ocean and air transportation and logistics industries, has introduced its Smart Upload and Diagnostics Solution (SUDS).

CargoSphere Creates Tool to Manage Carrier Contract Data

The tool reads external rate data directly from any carrier contract format, and loads it into a rate system database. According to CargoSphere, SUDS automates the task of managing and processing carrier contracts and contract amendments. When a contract is uploaded, advanced algorithms and "smart" reasoning organize rates from multiple pages of contract data. The application determines which rates are new and should be added, versus those that are already in effect and simply need to be updated with revised rate levels. Once added, rates are returned to the user through an audit feature for verification purposes. SUDS learns contract details and validations as the contract is being processed. Contracts need only be mapped once, with the information automatically applied to all subsequent amendments and updates. CargoSphere synthesizes rate management, negotiations and quoting into one continuous process.

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The tool reads external rate data directly from any carrier contract format, and loads it into a rate system database. According to CargoSphere, SUDS automates the task of managing and processing carrier contracts and contract amendments. When a contract is uploaded, advanced algorithms and "smart" reasoning organize rates from multiple pages of contract data. The application determines which rates are new and should be added, versus those that are already in effect and simply need to be updated with revised rate levels. Once added, rates are returned to the user through an audit feature for verification purposes. SUDS learns contract details and validations as the contract is being processed. Contracts need only be mapped once, with the information automatically applied to all subsequent amendments and updates. CargoSphere synthesizes rate management, negotiations and quoting into one continuous process.

Read Full Article

CargoSphere Creates Tool to Manage Carrier Contract Data