software solutions to drive profitability
In May this year Accenture released a new version of its software solution for the air freight industry called Air Cargo Suite 6.5 with advanced capabilities that can help air cargo carriers to become more flexible, competitive and efficient through streamlined operations and data integration. It helps to improve workflow efficiency and reduce revenue leakage for cargo carriers. What is unique of this new version is that the suite is made available for delivery as a service. This enables carriers of all sizes to take advantage of a robust cargo management solution while retaining the agility and cost benefits of Software-as-a-Service (SaaS) “The product is now available through transactional model, to suite your business cycle. We have worked with top carriers of both Air and Ocean to drive their business and IT transformation, and the idea here is to make the solution available for mid and small tier cargo carriers as well,” says Ganesh Vaideeswaran, Managing Director, Product Management, Accenture Freight & Logistics Software. Vaideeswaran believes that in the future even the top carriers will look for SaaS and according to him that number is only growing. “It is a pervasive trend. We are ready for it.” The new version of the Accenture Air Cargo software-as-a-service includes pricing and quoting, reservations, routing, capacity and operations software. It provides a cost-effective, simplified way to improve workflows and help reduce revenue leakage with a scalable, low-risk solution. The new delivery model is especially helpful for small and midsize air cargo carriers who are often faced with fewer in-house resources to focus on technology. “We are focused on providing software solutions to support the quote to cash process. We have worked with top carriers from both air and ocean and there has been significant learning from both the verticals. There’s always cross leveraging of ideas between air and ocean and we see lot of innovation coming from both industry verticals,” confirms Vaideeswaran. In April this year Accenture released a new version of its Ocean Cargo Pricing software to help ocean carriers reduce costs and revenue leakage, while improving customer service. Ocean Cargo Price 6.8 is an intuitive, easy-to-use product that provides advanced pricing functionality to help boost profitability based on real-time insights. It helps carriers become more agile and responsive through advanced and flexible rate construction. “We build software with sharp focus on profitability and revenue management throughout the quote to cash lifecycle. Every aspect of the software across the 2 suites is geared to drive profitability for our customers,” says Vaideeswaran. According to him, digitisation is not just about digitising what we do manually. “It is about how we can offer new services in new disruptive ways.” Vaideeswaran, who is a regular speaker at international transport and logistics events, chooses to look at the bigger picture of technology adoption and digitisation in the global freight industry. “It’s more important how you connect with the larger ecosystem when you move into a data driven business models. It is all about how you can share and collaborate with your ecosystems which include customers, front office, suppliers, partners and also your regulatory bodies,” Vaideeswaran articulates with optimism. “With our software launched as SaaS, we want to go to the mid and small enterprises so that they can be part of this change and be more transformative in the way they do their business,” he adds. Three of the top ten air carriers and two of the top five ocean carriers use software solutions from Accenture Freight & Logistics Software. Accenture with more than 336,000 employees serve clients in more than 120 countries. It combines deep technology acumen with industry knowledge to develop differentiated software products.