Freightos Enterprise offers end-to-end freight procurement platform

Freightos announced the launch of Freightos Enterprise, an integrated logistics procurement suite for large importers and exporters that unifies the increasingly digitalised but persistently fragmented world of global freight procurement, rate benchmarking and shipment execution.

"Freightos’ comprehensive procurement platform bridges annual, quarterly and spot procurement of air, ocean and ground freight, while offering the critical market intelligence required to navigate ongoing industry volatility," says an official release.

Zvi Schreiber, CEO, Freightos says: "Enterprise logistics teams are drowning in spreadsheets, emails and siloed platforms. The result is higher cost and unreliable supply of imported goods at a time when resilience is critical. Technology has evolved to address some of these pain points but in a piecemeal way that doesn’t fully support the entire procurement process. We've spent years building the individual pieces of the puzzle, and now we're bringing them together in a way that matches how logistics professionals work in the real world, creating digital access that truly connects multinational businesses with their service providers to make importing and exporting smoother."

Freightos Enterprise combines three modules into one unified platform:

*Procure: Automated request for quotes (RFQs), tender management and contract optimisation, which reduces procurement time by up to 90 percent while digitalising communications with logistics service providers. Freightos Procure is based on the recent acquisition of Shipsta.

*Rate, book & manage: Direct digital connectivity to hundreds of carriers, typically through their logistics service providers for rate comparison, booking and shipment tracking; and

*Terminal: Real-time freight market intelligence with newly enhanced contract benchmarking capabilities, leveraging data from dozens of multinational BCOs to provide unprecedented visibility into commercial market rates. Freightos Terminal includes the leading indexes for container shipping and air cargo - Freightos Baltic Index and Freightos Air Index.

"Having everything connected - from market intelligence to tender procurement to actual bookings - transforms how shippers operate. Now, teams can focus on strategy, instead of chasing information across multiple systems and endless email chains, saving time and money, and getting goods on shelves with less overhead and more reliability," says Paolo Galli, VP, Group Logistics Operations, Electrolux.

Customers implementing the Freightos Enterprise suite have reported 20 percent reduction in freight spend through data-backed negotiations and 80 percent decrease in email communication around quoting and booking, the release added.